Scentre Group has been recognised for leadership in corporate sustainability by CDP, securing a place on its ‘A List’. Scentre Group, which owns and operates 42 Westfield Living Centres, is the only company across Australia and New Zealand on the A List this year.
CDP’s annual environmental disclosure and scoring process is widely recognised as the gold standard of corporate environmental transparency. In 2021, more than 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks and opportunities through CDP’s platform. Some 13,000 companies responded.
Scentre Group CEO Peter Allen said: “This is the first time Scentre Group has been included in the A List of Companies and reflects our commitment and progress on climate disclosure, awareness and management of environmental risks and setting of short and longer-term targets.
“Since Scentre Group was established in 2014, we have reduced our total scope 1 and 2 emissions by 30%. This reduction has been driven primarily by energy efficiency initiatives and the installation of rooftop solar across our portfolio of Westfield Living Centres. We have a net-zero emissions target by 2030 and have announced an interim target of 2025 to achieve 50% of this target. Our New Zealand portfolio will be powered by 100% renewable electricity from January 2022.
“We are focused on working with our retail partners to help them achieve their environmental objectives as we recognise the influential role we can play in the value chain. We are committed to keeping our customers informed of the actions we are taking to reduce our environmental impact and leave a positive legacy in our communities.”
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero-carbon, sustainable and resilient economy.
Paul Simpson, CEO of CDP, said: “Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report. The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”
The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores.