In this monumental year for sustainability reporting, NDY summarized insights from an April 2024 GRESB webinar that explored new mandatory disclosure requirements and their implications for real estate asset owners in New Zealand and Australia.
The webinar brought together representatives from Westpac New Zealand, Precinct Properties, New Zealand Green Building Council, and GRESB.
Key areas of discussion in the summary document include:
- Supporting the allocation of capital in a way that facilitates the transition to a low-emissions, climate-resilient future
- Recognizing the threat that climate change poses to the resilience of organizations
- The similarities and differences between New Zealand and Australian legislation and global standards such as IFRS S1 and S2
- Moving beyond just quantifying emissions towards a deeper understanding of physical and transitional risks
- The opportunities for smaller entities, not covered by mandatory disclosure, to be proactive with their climate risks and opportunities
- Tips from the panelists for those starting out on their reporting journey
During the webinar, GRESB’s Sarah Blankfield, Member Relations Manager, Oceania, also discussed the explicit link between ISSB’s IFRS S2 industry-based metrics for the real estate sector and the GRESB Real Estate Assessment.