Sustainability | Cedar Pacific

2025 GRESB Benchmark

#1

Management & Performance
Residential / Oceania

5★

GRESB Star Rating
Standing Investments

4th

Year of GRESB
Reporting

+9

Points Improvement
Year on Year

01

Cedar Pacific achieved a 5-Star GRESB Rating for its Standing Investments, placing us as #1 within Residential/Oceania - top score in Management and Performance Combined.

02

This top ranking reflects Cedar Pacific's leadership in sustainable investment and operational excellence within the Residential living sector.

03

Both our PBSA Standing Investment Fund and our PBSA Infrastructure Fund were awarded 9 additional points compared to the previous year's results.

04

Cedar Pacific's first BTR Development Fund obtained an overall score of 90 out of 100 for its first benchmark reporting year, reflecting continuous improvement and successful ESG integration across the portfolio.

Assessed by

Our Approach

Three Pillars of Sustainability

Cedar Pacific appreciates the acute interest in ESG factors by stakeholders - investors, tenants, suppliers, regulators and the broader community - and their right to understand how its business affects them.

Pillar 1

Environmental

We reduce environmental impact across our portfolio through energy efficiency, water conservation, waste reduction and targeting net-zero carbon emissions by 2050. We integrate sustainable design and green building standards into all new developments.

Pillar 2

Social

We create thriving communities for residents by prioritising tenant wellbeing, safety and experience. We partner only with companies that promote good employment practices including adopting an anti-modern slavery procurement chain across our supply base.

Pillar 3

Governance

Cedar Pacific is committed to effective corporate governance underpinned by organisational culture, trust, fairness and accountability. Our Corporate Governance Framework is informed by the ASX Corporate Governance Principles & Recommendations 4th edition 2019.

Our Commitments

Our ESG Goals & Initiatives

Cedar Pacific has embedded ESG considerations into its core values. Our measurable goals and initiatives across Environmental, Social and Governance pillars hold us accountable to the communities and environments we operate in.

Environmental

Waste Reduction

Reduction of waste to landfill by 20% for all operational assets by 2031

Biodiversity

Incorporating native plants in our landscaping

Renewable Energy

100% renewable energy procurement from 2025

Climate Active

Working towards Climate Active certification - Net Zero for corporate office (2024)

Social

Volunteering

Two staff working days per year contributed to social causes and volunteering

Supplier Conduct

Engagement with business partners and suppliers on our Supplier Code of Conduct & Modern Slavery policies

Affordable Housing

Several accommodation types at varied price points including select affordable accommodation for Key Workers

Social Impact

Support aligned not-for-profit enterprises for positive social change in mental health, diversity, inclusion and Indigenous reconciliation

Governance

Reporting

Publish an annual Sustainability Report and Modern Slavery Statement

GRESB

Annual participation in GRESB for all funds, with a goal for continuous improvement year on year

ESG KPIs

Inclusion of ESG specific KPIs and Goals for all corporate senior roles

Procurement

Emphasis on sustainable procurement practices

Certified by

Memberships

Signatory and Members of

Cedar Pacific is proud to be a signatory and member of leading global frameworks and industry bodies that promote responsible investment and sustainable development.

Cedar Pacific is a signatory to the Task Force on Climate-Related Financial Disclosures (TCFD)

Cedar Pacific is a member of GRESB

Cedar Pacific is a member of the PRI – Principles for Responsible Investment

Cedar Pacific is a member of the Property Council of Australia

Transparency & Reporting

ESG Reports

Cedar Pacific is committed to accurate and transparent reporting for our funds. As a responsible Investment Manager, we submit annual assessments to GRESB for each of our funds and publish comprehensive ESG Reports.

Cedar Pacific is not required by law to comply with the Modern Slavery Act 2018. However, due to Cedar Pacific's commitment to taking all appropriate actions to mitigate the risks of modern slavery appearing within its business or supply chain, Cedar Pacific voluntarily complies and reports in accordance with the requirements imposed by the Act. Cedar Pacific is developing a comprehensive approach to safeguard its operations and supply chain from modern slavery risks, including modern slavery training, participation in industry collaborations and requesting further reporting on modern slavery actions occurring in our supply chain.