Environmental, Social and Governance (ESG) is integral to Goodman’s long-term business strategy. We make investment decisions based on strategic long-term thinking and operate with sustainability goals front of mind.
Our sustainability strategy is driven by our material issues, which we review regularly. These material issues are reviewed against global ESG trends, our external stakeholders’ priorities and the broader economic and social context.
In 2022, an independent review of Goodman’s ESG drivers was completed. Two were added to our 2019 list, giving us a total of eight material drivers:
Our supply chain consists of more 8,000 suppliers. Goodman supports the protection of human rights, and equity and fairness within our supply chains. We recognise that modern slavery is a global risk and that managing this risk is an ongoing responsibility for us.
View our Modern Slavery Statement, 2022 to see how we manage these risks.
We participate in ESG benchmarking programs around the world to measure and communicate Goodman’s performance to our stakeholders. These programs also show us ways we can improve.
Over the ten years that Goodman has participated in GRESB, we have improved our scores consistently and increased our number of participating entities globally. This year, 10 of our Partnerships made submissions.
In 2022, we received an ESG Risk Rating of 9.5, where we were assessed as being at ‘negligible’ risk of experiencing material financial impacts from ESG factors.
In 2022, Goodman’s ESG rating improved from A to AA, reflecting the strength of our corporate governance and anti-corruption controls.