Steven Leigh, Managing Director, QIC Global Real Estate:
This year saw another significant step forward in our efforts to bring Environment, Social and Governance (ESG) considerations to the forefront of our business.
Our industry-first partnership with the Clean Energy Finance Corporation demonstrates the strength of both our work to date and our commitment to do more.
Unlocking a $200 million senior debt facility for our QIC Shopping Centre Fund (QSCF) will allow us to align our capital management strategy with our sustainability goals and ESG Strategy.
We’re bringing forward key sustainability initiatives and making strong progress in delivering on our targets strategically and responsibly. Throughout this report, you can read more about how we’ve already begun putting this new facility to good use.
Work continues unabated in our other funds as well. Achieving strong results again for our most recent NABERS and GRESB ratings of sustainability performance for QSCF as well as QIC Property Fund (QPF) and QIC Government Office Fund (QGOF), we have also commenced submitting the retail assets in our QIC Active Retail Property Fund (QARP) and QIC Australian Core Plus Fund (QACPF) portfolios for Green Star Performance Portfolio Ratings. Well suited to assets <20,000m2 GLA, the internationally-recognised Green Star Performance Benchmark provides a holistic sustainability performance measure for some of our smaller assets.
We’ve also taken significant strides during the past year in automating our energy monitoring and maintenance coordination, providing new efficiencies and an unprecedented level of oversight for our assets. I encourage you to read our case study on the technology platform delivering automated asset monitoring, or take a look at an example of the online dashboards being rolled out to provide us with a granular and real-time understanding of consumption patterns for the assets we manage on behalf of our investors.
Our ongoing focus on creating destinations at the heart of their communities means we have also continued to deliver community investment programs via our assets. Our flagship social investment programs, 'The Sanctuary' at Castle Towers and the Grand Central partnership with TAFE South West Queensland, continue to deliver exceptional outcomes that are truly valued by our communities. Guided by our Corporate Social Investment Framework, we’re also supporting a range of other new and ongoing initiatives delivered through our assets which represent the causes our communities believe in.