Mirvac achieves 5 Star Rating in latest UNPRI results

Mirvac’s sustainability strategy - This Changes Everything – is focused on transparent governance, as part of our commitment to being a trusted asset owner and developer.

We consider environmental, social and corporate governance (ESG) criteria as part of our approach to generate long-term competitive financial returns alongside positive environmental and community returns.

ESG choices are embedded in our key investment decisions, monitored regularly by several senior oversight groups, and the whole company is held to account on the basis that we’re delivering on our promises.

Our aim for responsible investment is that it is fully integrated into the wider investment process across all asset classes as part of our robust due diligence processes.

We report regularly to a range of performance indices, which benchmark us both within and outside our industry, on topics spanning the breadth of ESG.

This includes the United Nations Principles for Responsible Investment (UNPRI) who are the world's leading advocate of responsible investment. They have a set framework and standard for how companies report responsible investment activities and assess companies around the globe.

We’re proud to share that in the latest UNPRI results Mirvac achieved a 5* star rating for both investment/stewardship policy, and real estate, with 93% and 99% results respectively.

Some of the distinguishing features of our approach that resulted in the 5 star rating, were:

• Responsible investment policy and associated staff training
• Climate scenario analysis
• Percentage of real estate assets with external certification
• Disclosure of political influence activities
• Third party assurance
• Internal audit

*The PRI 2021 assessment methodology was revised in line with wider changes to the Reporting Framework and to account for where responsible investment currently is, as well as future advancements. The module grading system has changed from alphabetical (A+ to E) to numerical (1 to 5 stars).