PEOPLE, CULTURE AND COMMUNITY

By investing in our people, our culture and in positive community outcomes through the Goodman Foundation, Goodman can help to create a more sustainable business. One that aligns our business outcomes with the interests of our stakeholders, and helps build trust with our customers, investment Partners and the wider community.

We have a global workforce of approximately 1,000 people. To retain our people and attract new talent, we foster a diverse and inclusive culture with a relatively flat organisational structure.

We encourage innovation and offer skills development and challenging work opportunities to advance careers. All of our people participate in the Group’s long term employee equity incentive plan to build collective responsibility and to align each of us with our stakeholders’ interests.

Our care for people extends beyond our own workforce to our customers and suppliers. We create great sustainable places to work for our customers and have robust safety and ethics standards to help protect our contractors.

Material drivers

• Demonstrating Goodman’s values and promoting diversity, inclusiveness, and social equity 
• Promoting workplace safety and wellbeing
• Influencing the sustainability practices of our value chain
• Protecting human rights and sourcing sustainably
• Supporting the community through the Goodman Foundation. 

Progress against targets

Target	Activity in FY24 and progress	Relevant UNSDGs
Safe working environment	- One contractor fatality in China
Implementation of our sustainable sourcing framework (includes non-climate related items as well as social procurement and labour protection considerations)	- Implemented in FY23 - Updated and enhanced in FY24
Diversity target of 50% female overall and 40% female in senior executive roles by 30 June 2030	- 43% female representation overall - 30% female senior executives
Strong workplace culture	- Employees demonstrating Goodman values 99% - Strong engagement survey results 84%1 - Low voluntary turnover 6.6% - High parental leave return rate 95% - Employee LTIP participation represents 4.2%2 of issued capital
Cumulative social contributions valued at $100.0 million from 1 July 2019 to 30 June 2030	- The Group’s financial contributions were $12.1 million in FY24 plus a further $1.35 million in staff fundraising and in-kind contributions. Total social contributions of $55.9 million since 1 July 2019 - 3,993 volunteering hours in FY24

<sub>1. In those regions that undertook surveys in FY24 (Group, Australia, Continental Europe and the United Kingdom) 
2. Refers to unvested performance rights under the LTIP.</sub>

Our culture and values

Goodman people work as a team with each other and with our customers, partners and contractors. Working collaboratively, means we can all perform at our best. 

Goodman’s values keep our teams focussed on delivering high-quality service and innovative property and investment solutions for the long term. Our values are reinforced through our annual performance reviews, when our people are assessed on how they demonstrate the following qualities.

The value of diversity

As a global company, Goodman values diversity and encourages inclusion. It brings together diverse knowledge, backgrounds and thinking, which can result in better decision making and business performance.

A key area of focus is gender diversity. We are actively working towards increasing our female senior management representation (currently 30%) to reach our target of 40% by 2030, which involves succession planning, recruitment and career development.   Our overall gender representation is 43% female, with a target of 50/50 by 2030.

Our Inclusion & Diversity Policy supports;

• Workplaces free of harassment or unlawful discrimination 
• Recruitment and promotion based on merit 
• Equal access to personal development, management skills and career opportunities
• Cultural differences 
• The needs of individuals with family and carer responsibilities 
• Customers’ diversity and their expectations 
• An inclusive work environment where ideas and opinions are shared 
• A range of philanthropic channels for community contributions 
• Increased career advancement opportunities for women.

Learning and development

 At Goodman, we understand the world is constantly changing and to be part of the future we must remain agile. We support our people’s growth by offering access to a variety of learning and development activities. Our training includes a mix of on-the-job experiences and an extensive online catalogue covering a wide range of technical and non-technical subjects. We also support undergraduate and postgraduate study opportunities, providing financial assistance for tertiary studies that complement a team member’s current role or their agreed career development. 

Workplace safety

Through the pragmatic management of safety, we believe we’ve had a positive influence on worker safety standards. We continuously monitor and adapt our strategy, focusing on our high risks across our different operating regions.

Our most significant health and safety risks are in the construction phase of development in high risk regions on sites controlled by our principal contractors. We find the most effective way to implement Goodman’s safety standards starts before we engage with contractors. In the pre-tender and design stage, we monitor the regulatory environment and industry safety standard and culture for that region, then incorporate these into the contractual standards for the different phases of the project. 

Working in partnership with our contractors, and maintaining an active onsite presence to monitor and enforce Goodman contractual safety standards, has been effective in driving down serious incidents. 

Human rights and labour protection

In our operations and supply chain, Goodman supports the protection of human rights, equity, and fairness. We recognise that labour protection poses a global and widespread risk, and we take ongoing responsibility for managing this risk.

Our focus on the protection of the human rights of our people and workers in our supply chain is aligned with our values and our commitment to safety and sustainability. Our labour protection strategy continues to mature each year so that our processes and actions remain effective in preventing and addressing labour protection.

View our Labour protection Statement

Customer wellbeing

We believe our sustainable buildings support the health and wellbeing of our customers. They encourage good health and make it easier for our customers to attract their own high-quality workforce. In turn, our business benefits from high occupancy levels and sustained rental growth.