GRI Index - 2009

Logo GRI report

This report has been prepared using the Global Reporting Initiative's (GRI) G3 Guidelines. All G3-based reports must self-declare an Application Level. As our report is consistent with the Guidelines and addresses more than 20 indicators it meets Application Level B.


To read more about our initiatives for each of the indicators, click on the links.


GRI indicator GRI description Status or position in 2009 Report

GRI Indicator
1. Strategy and Analysis
1.1 Chairman and CEO's statement CEO video message, Sustainability at Investa
1.2 Key impacts, risks and opportunities Investa has disclosed seven years of environmental performance data in this report. Our 2010 targets show our key opportunities for the coming year.
2. Organisational Profile
2.1 Name of the organisation Investa Property Group Holdings Pty Ltd (IPGH) and its related bodies corporate (Investa Property Group or Investa)
2.2 Primary brands, products, and/or services Company Overview
2.3 Operational structure of the organisation Company Overview
2.4 Location of headquarters Sydney, Australia
2.5 Countries of operation Australia
2.6 Nature of ownership and legal form Investa was an ASX 100 listed company but in September 2007 was acquired by real estate funds managed by Morgan Stanley Real Estate (MSRE) and was delisted from the Australian Securities Exchange.
2.7 Markets served Maps of our commercial office properties and developments, maps of residential and industrial developments
2.8 Scale of the reporting organisation Company Overview
2.9 Significant changes during the reporting period About this report
2.10 Awards received Awards
3. Report Parameters
Report Profile
3.1 Reporting period About this report
3.2 Date of the most recent previous report About this report
3.3 Reporting cycle About this report
3.4 Contact point Contact
3.5 Process for defining report content 2009 Report and Reporting Rules
3.6 Boundary of the report Reporting Rules
3.7 Statement of limitations Reporting Rules
3.8 Basis for reporting other entities Reporting Rules, and Schedule of Assets and Reporting Status
3.9 Data measurement techniques Our Reporting Rules and Assurance pages outline the process for collecting, reporting and verifying the data provided in this report
3.10 Re-statements No restatements have been made
3.11 Significant changes from previous reporting periods About this report
3.12 Table identifying the location of the Standard Disclosures in the report GRI Index
3.13 Policy and current practice regarding external assurance Assurance
4. Governance, Commitments and Engagement: Governance
4.1 Governance structure The strategy and organisational oversight is determined by the board IPGH. It is comprised of 2 executive directors (one of which is the Chairman of Investa) and 4 non executive directors, comprised of 3 representatives of Morgan Stanley and one independent director.
There are two committees established by the board:


  • The Audit and Risk Committee - this is a management committee independently chaired that assists the Board with all financial, audit and OH&S issues faced by Investa;
  • Delegations Committee - this is a committee of the Board that has been established to approve certain matters that are not within the delegated authority of management.

See: Management Team
4.2 Chair of the highest governance body Investa's Chair is also the Chief Executive Officer of the Company.
4.3 Highest governance body The Investa Board of Directors includes representatives from management, Morgan Stanley, and an Independent Director.
Our Management Team
4.4 Mechanisms to provide recommendations or direction to the highest governance body Investa undertakes an annual third party Employee Engagement Survey and regular CEO updates so employees may ask questions and interact directly with management. As a private, closely held company Morgan Stanley as the representatives of the shareholders have an intimate involvement in both the day to day management and determining the policies and strategic directions of Investa.
Our Management Team and Corporate Governance
4.5 Compensation and performance All senior employees have a remunerations packages with a base salary and a bonus component (both short term incentives and in the case of more senior executives, long term incentives) that are linked to all aspects of the performance of Investa, both at the business unit level and at the consolidated group level.
4.6 Conflicts of interest There is in place a related Resolution of Conflict Policy that assists in identifying and managing conflicts of interest.
4.7 Expertise of governance bodies All board members are selected by Morgan Stanley, perhaps the largest global investor in real estate, and ideally positioned to ensure that the Board remained of the highest calibre and best equipped to guide the organisations strategy on economic, environmental, and social topics.
4.8 Statement of mission and values Mission Statement and Sustainability Policy, and there is an internal Code of Conduct policy.
4.9 Management of performance The board of IPGH meets regularly and there is regular reporting back to members of the Board. See also: Corporate Governance and Responsibility of our Funds
4.10 Performance evaluation The process for evaluating the performance of the Board is primarily focused on the relationship between the Board and management, and the effectiveness of the Board itself, including any Committees.
4.11 Whether and how a precautionary approach is addressed Investa has an internal Code of Conduct policy that guides all employees in decision making though it does not specifically reference a precautionary principle.
4.12 Charters to which we subscribe Corporate Governance and Responsibility, external associations and accreditations
4.13 Memberships in associations/advocacy organisations. Corporate Governance and Responsibility, external associations and accreditations
Stakeholder Engagement
4.14 Stakeholder groups Our stakeholders include Employees, Tenants, Investors, Land Purchasers, Research Partners through the Investa Sustainability Institute, the communities we work in and Australian society at large.
4.15 Basis for identification and selection of stakeholders Our stakeholders are identified as those individuals, organisations, sectors and communities where Investa operations have some influence or impact on those people and groups.
4.16 Approaches to stakeholder engagement CEO Message, People and Processes, Community
4.17 Concerns raised through stakeholder engagement CEO Message, People and Processes, Community, 2010 Targets

Management Disclosures
Economic
Economic Performance
EC1 Direct economic value generated and distributed Investa is a private company owned by real estate funds managed by Morgan Stanley Real Estate (MSRE). Business Unit Contributions by Revenue are shown in the About section of the report
EC2 Financial implications and other risks and opportunities for the organisation's activities due to climate change CEO Message, About this Report, 2009 Report
EC3 Coverage of the organisation's defined benefit plan obligations Superannuation contributions are made in accordance with legislative requirements
EC4 Significant financial assistance received from government Green Building Fund, Community
Market Presence
EC5 Ratios of employee wage compared to the minimum wage Our Workforce
EC6 Policy, practices, and proportion of spending on locally-based suppliers at significant locations of operation We use local suppliers for many of our contracts. Investa is investigating how to report data for this metric.
Environmental
Materials
EN1 Materials used by weight or volume. Materials Use
Energy
EN3 Direct energy consumption by primary energy source. Energy and Greenhouse Gas Emissions
EN4 Indirect energy consumption by primary source. Energy and Greenhouse Gas Emissions
EN5 Energy saved due to conservation and efficiency improvements. Energy and Greenhouse Gas Emissions
EN6 Initiatives to provide energy-efficient or renewable energy based products and services, and reductions results. Energy and Greenhouse Gas Emissions, Green Building Fund, Innovation
EN7 Initiatives to reduce indirect energy consumption and reductions achieved. Energy and Greenhouse Gas Emissions, Green Building Fund
Water
EN8 Total water withdrawal by source. Water
EN10 Percentage and total volume of water recycled and reused. Investa does recycle water at many properties though this use is not currently metered.
Biodiversity
EN11 Location and size of land owned, leased, managed in, or adjacent to, areas of high biodiversity value. Biodiversity and Heritage
EN12 Description of significant impacts of activities, products, and services on biodiversity in areas of high biodiversity value. Biodiversity and Heritage
EN13 Habitats protected or restored. Biodiversity and Heritage
EN14 Strategies, current actions, and future plans for managing impacts on biodiversity. Biodiversity and Heritage
Emissions, effluents, & waste
EN16 Total direct and indirect greenhouse gas emissions by weight. Energy and Greenhouse Gas Emissions
EN17 Other relevant indirect greenhouse gas emissions by weight. Energy and Greenhouse Gas Emissions. Investa Reports significant Scope 3 emissions.
EN18 Initiatives to reduce greenhouse gas emissions and reductions achieved. Energy and Greenhouse Gas Emissions
EN19 Emissions of ozone-depleting substances by weight. Energy and Greenhouse Gas Emissions
EN22 Total weight of waste by type and disposal method. Pollution and Waste
EN23 Total number and volume of significant spills. Nil
EN24 Weight of transported, imported, exported, or treated hazardous waste. Investa's activities do not generate waste classified as 'hazardous'.
Products & services
EN26 Initiatives to mitigate environmental impacts of products and services, and extent of impact mitigation. Environment
EN27 Percentage of products sold and their packaging materials that are reclaimed by category. Investa does not manufacture consumer products.
Compliance
EN28 Significant fines and non-monetary sanctions for non-compliance with environmental laws and regulations. Nil
Transport
EN29 Significant environmental impacts of transporting products, goods, materials, and members of the workforce. Internal operations and Energy and Greenhouse Gas Emissions
Overall
EN30 Total environmental protection expenditures and investments by type. Investa does not at this time specifically quantify our total expenditure on or investment in environmental protection.
Workplace and Labour
Employment
LA1 Total workforce by employment type, employment contract, and region. Our Workforce
LA3 Benefits provided to full-time employees that are not provided to temporary or part-time employees. The same benefits are provided to all employees.
Labour/Management Relations
LA4 Percentage of employees covered by collective bargaining agreements. Investa employs staff on individual contracts so no employees are covered by collective bargaining at this time. There is no restriction on the way future arrangements can be made.
LA5 Minimum notice period (s) regarding significant operational changes. Significant operational changes are made with appropriate consultation periods and subsequent notice periods.
Occupational Health and Safety
LA6 Percentage of total workforce represented in formal joint management-worker health and safety committees. All employees are represented. Health & Safety
LA7 Rates of injury, occupational diseases, lost days, and absenteeism, and number of work-related fatalities by region. Health & Safety
Training and Education
LA12 Percentage of employees receiving regular performance and career development reviews. People and Processes, Our Workforce
Diversity and Equal Opportunity
LA13 Composition of governance bodies and indicators of diversity. Our Workforce
LA14 Ratio of basic salary of men to women by employee category. Our Workforce
Human Rights
Investment and Procurement Practices
HR1 Significant investment agreements that screen for human rights Investa operates only in Australia where legislation is in place for issues relating to human rights. All land development sites in areas of indigenous cultural significance are subject to a Cultural Heritage Plan and consultation with local indigenous groups.
Non-Discrimination
HR4 Incidents of discrimination No incidents
Freedom of Association and Collective Bargaining
HR5 Support and protection of rights to exercise freedom of association and collective bargaining Investa employs staff on individual contracts so no employees are covered by collective bargaining at this time. There is no restriction on the way future arrangements can be made or the way employees may join or be represented by a union. Investa complies with all relevant freedom of association legislation and regulatory requirements.
Child Labour
HR6 Significant risks for operational incidents of child labour and preventative measures Investa operates only in Australia and only employs adults.
Forced and Compulsory Labour
HR7 Operations identified as having significant risk for incidents of forced or compulsory labour, and measures to contribute to the elimination of forced or compulsory labour. Investa operates only in Australia and complies with all legislation covering forced or compulsory labour.
Indigenous Rights
HR9 Total number of incidents of violations involving rights of indigenous people and actions taken. Nil
Society
Community
SO1 Impacts of operations on communities, including the nature, scope, and effectiveness. Community and Biodiversity and Heritage
Corruption
SO2 Business units analysed for risks related to corruption Investa employees and management are subject to our internal Code of Conduct policy, including issues relating to corruption
SO3 Employees trained in anti-corruption policies and procedures All Investa employees and management are subject to our internal Code of Conduct policy, including issues relating to corruption.
SO4 Actions taken in response to incidents of corruption Nil incidents
Public Policy
SO5 Public policy positions and participation in public policy development and lobbying Investa is not directly involved in public policy though makes formal submissions to government consultations on matters of interest or when invited to do so.
SO6 Financial and in-kind contributions to political parties, politicians, and related institutions No donations were made to political parties or politicians. See Community.
Anti-Competitive Behaviour
SO7 Legal actions for anti-competitive behaviour, anti-trust, and monopoly practices Nil actions
Compliance
SO8 Significant fines and non-monetary sanctions for non-compliance with laws and regulations. None
Product Responsibility
Marketing Communications
PR6 Programs for adherence to laws, standards, and voluntary codes related to marketing communications.  
PR7 Incidents of non-compliance with regulations and voluntary codes concerning marketing communications. Nil incidents
Customer Privacy
PR8 Substantiated complaints regarding breaches of customer privacy Nil
Compliance
PR9 Significant fines for non-compliance with laws and regulations. Nil