Property Council |
Monday, 1 June 2009 1:02 AM |
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Setting the Scene
Australian property companies are recognised as world leaders in the field of corporate responsibility reporting.
However, many property companies, small and large, are yet to take on the challenge of providing greater transparency in their social, environmental and economic practices.
This guide will help property companies report their corporate responsibility performance in a more meaningful and comparable manner.
It provides a voluntary template for corporate responsibility reporting that can be customised to the needs of individual corporations.
The purpose of this guide is to:
- provide a simple, entry level reporting template for property companies;
- standardise the metrics that property companies use to report corporate responsibility; and
- provide guidance on materiality in the property sector.
The guide:
- defines corporate responsibility;
- sets out a conceptual framework for corporate responsibility reporting;
- identifies the touchstones of a robust reporting framework;
- relates the template to international reporting schemes;
- explores the concept of materiality and its implications for reporting; and
- outlines basic reporting metrics.
A study of ten leading property companies found that while many of them were providing information on the same performance indicators they were doing so using numerous different metrics.
The metrics provided in this guide deliver a standardised approach for corporate responsibility reporting in the property sector.
The guide helps property organisations to disclose meaningful accounts of their performance on a comparable basis.
The template covers:
- owners;
- fund managers;
- facility managers;
- developers;
- construction contractors; and
- corporations with property assets.
It is the individual company’s responsibility to determine their relevant areas of materiality.
The template does not provide performance indicators for occupiers or tenants.
Reporting organizations are encouraged to follow the GRI Profile Disclosures provided in Appendix A as structure for compiling their reports, however, other formats may be chosen.
Property Council |
Monday, 1 June 2009 1:02 AM |
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