Australia named ‘world’s greenest property industry’

Australia has again placed first in an international ranking of sustainability in real estate.

For the fifth year running, the region of Australia and New Zealand topped the annual survey, which is conducted by GRESB, a Dutch-based industry group.

Property companies in Australia and New Zealand achieved an average score of 69, which was well ahead of the other regions.

Europe achieved an average score of 56, while Asia and North America both achieved an average score of 54.

Property Council of Australia chief executive Ken Morrison said the Australian property industry should be proud of the result.

“Not only is our industry keeping the economy growing and providing jobs for more Australians than almost any other – we are doing it sustainably, ranking as the world’s greenest property industry,” he said.

“We are showing unheralded leadership when it comes to sustainability, regularly going well beyond what is required and, in the process, creating buildings, public spaces and communities of which future generations can also be proud.”

GRESB identified Stockland, Lendlease and The GPT Group as regional sector leaders.

The report said that demand for transparency on environmental, social and governance issues will drive the Australian and New Zealand real estate industries to further improve their sustainability performance.

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