Vicinity Centres has announced it has earned a place on CDP’s prestigious Climate Change “A list”, which recognises leading action on climate change. CDP was formerly known as the Carbon Disclosure Project; it is a not-for-profit running the carbon disclosure system and its annual environmental disclosure is widely recognised by the investment community. In 2019, more than 525 investors with more than US$96 trillion in assets participated. Grant Kelley, Vicinity CEO and managing director,
director, said Vicinity’s significant efforts to mitigate climate risk across its portfolio and prepare for the transition to a low-carbon economy were key factors in its inclusion in this year’s A list, making Vicinity one of a small number of companies globally to achieve the top ranking.
“This is testament to our proactive, long-term approach to sustainability which places climate change at the centre of our focus. As part of our net zero carbon emissions target by 2030,
and by further integrating climate resilience into our business practices, we will continue to enhance our approach,” Kelley said.
The net zero target will be achieved through Vicinity’s solar program and implementing innovative technologies that improve energy efficiency across its portfolio.
Vicinity has also developed a Climate Resilience Program which focuses on increasing the resilience of its centres to extreme weather events and was recognised with an Australian Business Award for Sustainability in 2019.
