Climate Change Data

Northwest Healthcare Properties REIT

Climate Impact & Sustainability Data (2021-06-30, 2023)

Reporting Period: 2021-06-30

Environmental Metrics

ESG Focus Areas

  • ESG

Governance Achievements

  • Commitment to issuing inaugural ESG report in 2021, incorporating feedback from GRESB and CDP evaluations

Climate Goals & Targets

Supply Chain Management

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: GRESB, CDP

Reporting Period: 2023

Environmental Metrics

Total Energy Consumption:152,132 MWh (2023)
Water Consumption:10,260,061 m3 (2023)
Waste Generated:20,683 tons (2023)

ESG Focus Areas

  • Environmental
  • Social
  • Governance

Environmental Achievements

  • Achieved a 2nd place ranking in GRESB for globally listed healthcare participants.
  • Vital received assurance for its GHG inventory for 2022 and 2023.
  • Completed its first 6-star Green Star building at Playford Health Hub (Stage 2) in South Australia.
  • Work underway for a second 6-star Green Star building in Queensland, Australia.

Social Achievements

  • Launched inaugural Reflect Reconciliation Action Plan (RAP) in February 2024.
  • Vital was named Sector Leader (1st place) by GRESB for healthcare real estate globally.
  • Continued execution of property-level work plans to drive efforts to maximize tenant satisfaction.
  • Completed global employee engagement survey.
  • Provided employees two days of paid time off to volunteer.
  • Honored ongoing commitment to support research about the impacts of the pandemic on health systems.

Governance Achievements

  • Actively enhancing its board's composition with a strong emphasis on diversity and renewal.
  • Welcomed two new Trustees in January.
  • Executive leadership team now comprises 50% women.

Climate Goals & Targets

Long-term Goals:
  • Net zero emissions by 2050.
Medium-term Goals:
  • Achieve 20% annual intensity reduction target for properties within operational control by 2030.
  • Achieve 80% GHG reduction by 2050 from 2022 baseline.
Short-term Goals:
  • Analyze and follow up on tenant survey results and set and disclose 2024 targets.
  • Complete property-specific action plans to address survey results for 75% of properties.

Environmental Challenges

  • Setting and refining emission reduction targets.
  • Collecting data and managing waste and water efficiently across tenant-controlled and landlord-controlled properties.
  • Managing climate-related risks and opportunities.
Mitigation Strategies
  • Engaged external verification providers to assure emissions data.
  • Implemented in-region environmental data reporting training.
  • Developed robust transition plans.
  • Integrated climate risk management within due diligence phases.
  • Maintained a geographically diversified portfolio.

Supply Chain Management

Responsible Procurement
  • Supplier Code of Conduct (ANZ region)
  • Informed 365 platform (ANZ region)

Climate-Related Risks & Opportunities

Physical Risks
  • Flooding (fluvial and coastal)
  • Extreme heat
  • Extreme cold
  • Water stress
  • Tropical cyclones
  • Wildfires
Transition Risks
  • Transition costs
  • Changes in regulations (existing and new developments)
  • Market demand for sustainability
Opportunities
  • Enhanced tenant appeal
  • Reduced operating costs
  • Improved reputation

Reporting Standards

Frameworks Used: GRESB, CDP, TCFD

Certifications: Green Star, WiredScore, Energy Star, BREEAM-InUse

Third-party Assurance: Toitu Envirocare (Vital)

Awards & Recognition

  • GRESB Sector Leader (Vital)