Investore’s sustainability strategy has three strategic goals
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.
Investore has a sustainability policy which sets out its commitment to sustainability and its sustainability objectives
Scope 1
Scope 2Investore, 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 has obtained Green Star Performance ratings for two groups of assets – standalone supermarkets and hardware stores
Investore is currently developing a new Countdown supermarket in Kaiapoi and is targeting a 5 Green Star rating for this development
Investore has installed Tesla chargers at its Johnsonville Countdown
Investore is installing Locky Docks, free secure parking and charging stations for ebikes, at various locations across its portfolio
Investore undertook the Global Real Estate Sustainability Benchmark (GRESB) assessment for the first time in FY22. This assesses Investore’s overall sustainability performance against a peer group of companies in Australia and New Zealand. Investore is targeting 70 GRESB points for FY23, with the aim of being in the top quartile of comparator companies over time.
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.