Sustainability

Investore’s sustainability strategy has three strategic goals

Mitre10 Botany

Contribute to a
resilient
community

Develop
shared
prosperity

Protect
the
planet

Strategic sustainability objectives

  • Reducing greenhouse gas emissions
  • Assessing, monitoring and setting initiatives to address climate risks
  • Achieving Green Star ratings for our properties
  • Improving energy and water efficiency
  • Reducing waste
  • Engaging and collaborating with our tenants to achieve our sustainability objectives
  • Contributing to our communities through the provision of safe and inclusive spaces

Sustainability Governance

The Investore Board has resolved that responsibility for overseeing sustainability matters for Investore should remain with the whole Board, due to the smaller size of the Board and because sustainability considerations impact on all areas of the Investore business, particularly the strategic decisions that are the responsibility of the Board. The Investore Board Charter reflects the Board’s commitment to setting and monitoring Investore’s sustainability policy and integrating environmental and social principles into the governance of Investore.

While the Investore Board has primary responsibility for the governance of sustainability matters, Investore relies on its manager, Stride Investment Management Limited (SIML), to assist with the execution of Investore’s strategic sustainability initiatives. The SIML Board has established a Sustainability Committee to oversee sustainability activities within the Stride Property Group, and this Committee provides support and advice to the Investore Board.

Strategic governance framework

Investore has a sustainability policy which sets out its commitment to sustainability and its sustainability objectives

Investore Framework

Measuring emissions

  • Scope1 Scope 1
  • Scope2 Scope 2

Investore, with the help of its manager, SIML, collects data on its scope 1 and 2 emissions, and has a project underway to collect scope 3 data

Investore Bar Graph

Environmental performance

Investore has obtained Green Star Performance ratings for two groups of assets – standalone supermarkets and hardware stores

Greenstar Peformance

Investore is currently developing a new Countdown supermarket in Kaiapoi and is targeting a 5 Green Star rating for this development

Greenstar

Investore has installed Tesla chargers at its Johnsonville Countdown

Ev Car

Investore is installing Locky Docks, free secure parking and charging stations for ebikes, at various locations across its portfolio

Locky Dock

Benchmarking our sustainability performance

Investore completes an annual Global Real Estate Sustainability Benchmark (GRESB) assessment.  This assesses Investore’s overall sustainability performance against a peer group of companies in Australia and New Zealand.  In FY23 Investore’s GRESB score increased from 51% to 63%, a positive outcome given Investore’s portfolio consists of many single-tenanted, existing properties.

Understanding climate risks and opportunities

Investore is aware of the potential impact of climate change on its business and operations, and the need to consider the potential impact of climate risks and opportunities on its business strategy. Further information on Investore’s approach to climate risk can be found in its Sustainability Report.