Climate Change Data

ESR Group Limited

Climate Impact & Sustainability Data (2022)

Reporting Period: 2022

Environmental Metrics

Total Carbon Emissions:279,000 tCO2e
Scope 1 Emissions:14,000 tCO2e
Scope 2 Emissions:265,000 tCO2e
Renewable Energy Share:60% (ESR Australia)
Total Energy Consumption:2,332,000 GJ
Water Consumption:3,776,000 Mega litres
Waste Generated:71,000 tons
Carbon Intensity:0.02 tCO2e/sqm (2022)

ESG Focus Areas

  • Human Centric
  • Property Portfolio
  • Corporate Performance

Environmental Achievements

  • Installed approximately 100 MW of rooftop solar panels across the global portfolio.
  • 39% of the Group’s portfolio of completed directly managed assets were awarded sustainable building certifications and ratings.
  • Secured approximately US$3 billion in Sustainability-Linked Loans.

Social Achievements

  • Increased female representation to approximately 45% in the workforce.
  • Zero ESR workforce fatalities.
  • Launched a series of comprehensive compliance online modules for all staff on topics relating to compliance, risk management and ESG.
  • Established nine BARNKLÜBB day-care centres in Japan.

Governance Achievements

  • Appointed two new female independent non-executive directors.
  • Became a signatory of the UN PRI.
  • Achieved “A” in MSCI ESG Ratings and “Low Risk” in Sustainalytics ESG Risk Ratings.

Climate Goals & Targets

Long-term Goals:
  • Net zero carbon emissions by 2050 (Suntec REIT)
  • Net zero carbon status for all assets by 2030 (ARA)
  • 75% renewable energy by 2030, 100% renewable energy by 2040 (ESR Data Centre Fund)
Medium-term Goals:
  • 50% increase in solar power generation capacity or the equivalent of 52 MW
  • 20% reduction in energy consumption intensity
  • 50% of our portfolio to obtain sustainable building certifications and ratings

Environmental Challenges

  • Climate change poses a critical and existential risk.
  • Cybersecurity risks arising from internal and external sources.
  • Transition to a low-carbon economy.
Mitigation Strategies
  • Developing a Group-wide strategy to reach net zero across all asset classes.
  • Implementing a revised Counterparty Due Diligence Workflow.
  • Establishing an Information Security Management System (ISMS).
  • Incorporating climate-related risks into ESR’s overall Enterprise Risk Management (ERM) Framework.

Supply Chain Management

Supplier Audits: 6,233 third-parties screened in 2022

Responsible Procurement
  • Supplier Code of Conduct
  • Sustainable Procurement Policy

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather events affecting assets, operations, supply chain, transport, and employee safety.
Transition Risks
  • Policy, legal, technological, and market changes related to climate change mitigation and adaptation.
Opportunities
  • Development of energy-efficient products and solutions.

Reporting Standards

Frameworks Used: GRI, TCFD

Certifications: ISO 45001 (ESR Data Centres), ISO 14001 (ESR Data Centres)

Third-party Assurance: Hong Kong Quality Assurance Agency (HKQAA)

UN Sustainable Development Goals

  • Goal 3: Good Health and Well-being
  • Goal 5: Gender Equality
  • Goal 7: Affordable and Clean Energy
  • Goal 8: Decent Work and Economic Growth
  • Goal 9: Industry, Innovation and Infrastructure
  • Goal 13: Climate Action

ESR's Vision for Sustainable Development and ESG Framework are aligned with these SDGs.

Sustainable Products & Innovation

  • South Korea’s first hydrogen powered fulfilment centre

Awards & Recognition

  • GRESB Global Sector Leader (Suntec REIT)
  • GRESB Regional Sector Leaders (multiple entities)
  • MSCI ESG Rating A
  • Sustainalytics ESG Risk Rating Low Risk