Powered by MOMENTUM MEDIA
realestatebusiness logo

Breaking news and updates daily. Subscribe to our Newsletter!

Home of the REB Top 100 Agents
Breaking news and updates daily. Subscribe to our newsletter

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.

REA Group goes neutral

By Grace Ormsby
26 April 2021 | 1 minute read
REA Group goes neutral

The REA Group has revealed it has nullified its FY20 carbon footprint.

The group’s CEO, Owen Wilson, considers climate change as “a critical issue” — but one that businesses can lead the way in effecting positive change on.

He said: “As an organisation, we are taking action to reduce and offset as much carbon from the atmosphere as we are responsible for creating.”

Advertisement
Advertisement

To be a carbon neutral certified company, the company had to complete the Climate Active certification process.

The REA Group first outlined a commitment to becoming carbon neutral alongside the release of its first climate change policy and its second sustainability report back in October 2020.

Mr Wilson said the group is “also working to understand more about how the broader property industry can make the best sustainable decisions”.

“We are committed to working with our customers to help our industry play its part,” he said.

According to the group, it achieved carbon neutrality through both initiatives that directly reduced emissions across the business, while also offsetting 100 per cent of its remaining carbon footprint — an action it intends to take annually.

The REA Group has also detailed its investments in carbon offset reforestation, renewable energy and energy efficiency projects across Australia and India.

The company’s commitments to combating climate change have also seen REA improve its MSCI Environmental Social and Governance (ESG) rating from a BBB to an A, with an MSCI rating measuring a company’s resilience to long-term, industry-related ESG risks.

“REA Group’s improved MSCI sustainability rating and our Climate Active carbon neutral certification demonstrate the action we’re taking to mitigate the effects of climate change,” the CEO said.

The announcement comes days after Coronis revealed its own efforts to go green.

At the time, Coronis’ COO, Karuna Dimelow, expressed the belief that “the next generation that is entering the workforce now not only expects businesses to have an environmental policy and practices in place, but they are demanding it from their employers”.

REA Group goes neutral
OwenWilson 850x400 dec2018
lawyersweekly logo

ABOUT THE AUTHOR


Grace Ormsby

Grace Ormsby

Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.

Rankings
rankings
JUST RELEASED
May 09, 2022

REB Top 50 Women in Real Estate 2022

REB is thrilled to present the Top 50 Women in Real Estate 2022 ranking, which sets t ... LEARN MORE

rankings
JUST RELEASED
May 04, 2022

REB Top 100 Agents 2022

Now in its second decade, the REB Top 100 Agents 2022 rankings are the most revered s ... LEARN MORE

rankings
JUST RELEASED
May 02, 2022

REB Top 50 Agents NSW 2022

Even a pandemic has not put the brakes on the unstoppable property market in NSW, whi ... LEARN MORE

rankings
JUST RELEASED
April 27, 2022

REB Top 50 Agents VIC 2022

The COVID-19 crisis has not deterred the property market in Victoria, which has been ... LEARN MORE

rankings
JUST RELEASED
April 25, 2022

REB Top 50 Agents QLD 2022

As the property market continues to roar in Brisbane and Queensland, the REB Top 50 A ... LEARN MORE

Coming up

rankings rankings
Do you have an industry update?

top suburbs

12 month growth
Mirador
103.33%
Bawley Point
98.13%
Walla Walla
90.7%
Byron Bay
86.67%
Kiama Heights
85.93%
Greta
84.14%
Nulkaba
81%
South Hobart
78.78%
Diddillibah
76.25%
Lennox Head
73.98%
SEE AREA REPORTS ON SMART PROPERTY INVESTMENT WEBSITE
Subscribe to Newsletter

Ensure you never miss an issue of the Real Estate Business Bulletin.
Enter your email to receive the latest real estate advice and tools to help you sell.