GYP Properties Limited
Climate Impact & Sustainability Data (2019-07 to 2020-06)
Reporting Period: 2019-07 to 2020-06
Environmental Metrics
Total Carbon Emissions:313.45 tCO2e (after RECs and carbon offsets)
Scope 1 Emissions:7.83 tCO2e
Scope 2 Emissions:34.69 tCO2e
Scope 3 Emissions:270.93 tCO2e
ESG Focus Areas
- Economic Performance
- Anti-Corruption
- Emissions
- Environmental Compliance
- Occupational Health and Safety
- Diversity and Equal Opportunity
- Customer Health and Safety
- Customer Privacy
- Socioeconomic Compliance
- Social Impact
Environmental Achievements
- Offset 313.45 metric tons of carbon dioxide equivalent (tCO2e) of Scope 1, 2 and 3 emissions through a combination of carbon credits and Renewable Energy Certificates (RECs).
- Obtained RECs for 1,438,000 kWh of electricity consumed at Braddell House.
Social Achievements
- Launched "Gift of Home" program, donating weatherHYDE shelters to homeless families.
- Supported South Central Community Family Service Centre with services and donations.
Governance Achievements
- Adopted a board diversity policy.
- Implemented a Responsible Supplier Commitment requiring compliance with a Code of Conduct.
Climate Goals & Targets
Long-term Goals:
- Net Zero operating emissions in their portfolios by 2030 (aligned with World Green Building Council’s Net Zero Carbon Buildings Commitment)
Environmental Challenges
- Covid-19 pandemic impacted operations and revenue streams, halting construction projects and causing partial closures.
- Supply chain disruptions due to Covid-19 restrictions.
Mitigation Strategies
- Undertook cost-cutting measures, including director fee reductions and management pay cuts.
- Utilized government assistance packages (tax relief, subsidies, investment grants).
Supply Chain Management
Supplier Audits: 90% of current business partners received Responsible Supplier Commitment.
Responsible Procurement
- Responsible Supplier Commitment (Code of Conduct)
Climate-Related Risks & Opportunities
Physical Risks
- Flood risk due to rising sea levels
Transition Risks
- Stranded assets
- Productivity and employee engagement
- Brand reputation
- Business model changes
- Operational disruption
Reporting Standards
Frameworks Used: GRI Standards 2016: Core option, SASB Standards
Certifications: Carbon Friendly (Ekos)
UN Sustainable Development Goals
- SDG 1: No Poverty
- SDG 3: Good Health and Well-being
- SDG 5: Gender Equality
- SDG 7: Affordable and Clean Energy
- SDG 8: Decent Work and Economic Growth
- SDG 10: Reduced Inequalities
- SDG 11: Sustainable Cities and Communities
- SDG 13: Climate Action
- SDG 15: Life on Land
- SDG 16: Peace, Justice and Strong Institutions
The report details how various initiatives contribute to these goals.