Our progress

Align FPA's governance, business strategy and risk management procedures to account for climate related risks in accordance with TCFD recommendations, by 30 September 2021

We have completed a gap analysis of current processes against TCFD recommendations and have appointed a consultant to assist in reviewing our current systems and procedures to meet TCFD requirements.

In progress

Establish mandatory Environmental, Social & Governance (ESG) considerations for all investment proposals, by 30 September 2020

We have identified the most material considerations, and developed an assessment and reporting methodology that we plan to pilot in the near future.

In progress

Using relevant third party certification programs, certify all new projects, from 30 June 2020

We will continue to maintain a 5 star Green Star Design and As Built or Green Star Communities certification standard for all new developments.

Achieved

Using relevant third party certification programs, certify 100% of owned and managed assets, by 30 September 2024

We are making good progress towards achieving this target by 2024.

In progress

10% of staff in each Division to be trained Innovation Champions, from 30 September 2020

We have achieved more than 10% trained Innovation Champions across Australia.

Achieved

Maintain minimum 5 star GRESB status for FPA (Developer), FPI and FLT

We achieved 5 star GRESB status since 2018.

Achieved

10% of staff in each Division to be trained Innovation Champions, from 2020

We have achieved more than 10% trained Innovation Champions across Australia.

Achieved

Be recognised in the top quartile of innovative companies from 2018

While the third party assessment has changed, we were shortlisted in the AFR Most Innovative Companies List in 2018 and 2020.

Not achieved

Implement Resilience Policy & Framework from 2018

Achieved successfully.

Achieved

Include ESG in our impact risk assessment by 2016

We achieved this through Green Star requirements and certification. We have also developed a CSR Policy.

Achieved

All new developments and properties owned and / or managed will be Green Star certified by 2018

We have achieved a minimum 5 Star rating on all new industrial buildings. We have targeted 5 Stars for commercial and 6 Stars for retail in development.

Achieved

Undertake a climate risk assessment on 100% of all investments by 2016 and develop climate adaptation plans as appropriate

We undertook climate risk assessments for all properties in 2016, and continue to assess properties as part of Green Star. We've also established a Resilience Policy.

Achieved

Develop and implement a company-wide innovation program to bring about sustainability outcomes faster and smarter with tangible benefits

We launched our innovation initiative in 2016, and in 2018 ranked 83rd in the Australian Financial Review's Most Innovative Companies List.

Achieved

Be net zero carbon in development and operation, from 30 September 2028

We’re developing a net zero carbon roadmap and ambitious targets that include scope 1, 2 and 3 emissions.

In progress

Real Utilities to supply 100% renewable energy, by 30 September 2023

We are on track to supply 100% renewable energy through on-site and off-site sources.

In progress

Real Utilities assessment to be included in every investment proposal, from 30 September 2020

We have completed this for Retail and Commercial projects and are in the process of completing for Residential and Industrial projects.

In progress

Establish a Responsible Sourcing Policy and integrate into procurement decision-making, by 30 September 2020

We’re committed to tackling Modern Slavery and are in the process of finalising our Policy and establishing the processes to ensure it is embedded within our business.

In progress

Develop a sustainable product database, and integrate into design and procurement decision-making for new projects, by 30 September 2021

We are working towards supporting an existing external database.

In progress

Develop a company-wide biodiversity strategy, by 30 September 2021

We have conducted research and are currently developing our Biodiversity Strategy to drive our investment, design and delivery decisions.

In progress

Develop a Toward Zero Waste roadmap, by 30 September 2021

We have piloted Towards Zero Waste projects, including at Burwood Brickworks and are piloting a circular economy project.

In progress

Divert minimum 98% construction waste from landfill on all new build projects, from 30 September 2020

In FY20 we achieved a construction recycling rate of 90%. We will continue to work towards achieving this target in FY21 and beyond.

In progress

Maintain Climate Active Carbon Neutral certification for our organisation and corporate operations, with year on year improvement plans to reduce emissions

We've been certified as a carbon neutral organisation since 2015/16, and will continue to maintain this.

Achieved

All projects to have a biodiversity management & feature plan by 2020

We began work on this target, then resolved to step back and develop our over-arching biodiversity strategy.

Not achieved

Average 98% construction recycling rates by 2020

We made good progress on this target, and widened the scope in 2020.

Not achieved

Be carbon zero by 2028, with a roadmap established in line with SBTs by end of 2018

We registered our Science Based Targets and wrote our Zero Carbon Roadmap, so we updated this target in 2020.

In progress

Develop a design and construction waste avoidance policy by 2019

We made good progress on this target, and widened the scope to 'roadmap' in 2020.

Not achieved

Each project to have an integrated water solution by 2020, reducing water use and intensity, with minimum water standards

We are in the process of developing a Minimum Water Efficiency Standard for our new developments and existing assets.

In progress

Establish a Red List product database by 2018

We created Greensheet for Burwood Brickworks, and widened the scope of this target in 2020.

Not achieved

Establish a socially & environmentally responsible procurement policy by 2018

We have developed our CSR Policy.

Achieved

Establish operational waste strategy by 2018

Achieved successfully. We're now working on a Toward Zero Waste roadmap.

Achieved

Real Utilities to supply 100% renewable energy by 2023

We are on track to supply 100% renewable energy through on-site and off-site sources.

In progress

Decrease energy intensity by 20%

We have installed renewables and increased efficiency across our assets. We are now focusing on developing a net zero carbon roadmap.

In progress

Incorporate renewable energy into all new developments by 2018

Solar PV is included in our residential minimum energy standards and on all NSW and QLD industrial sites.

Achieved

Decrease water intensity company-wide by 20%

We have developed a minimum water efficiency standard for new developments and existing assets.

In progress

Re-use water on every new project

We have installed water storage on every new project.

Achieved

Achieve 90% recycling rates across the business

We achieved 94% recycling across our development business.

Achieved

Undertake a supply chain review to identify risks and opportunities as per UN Global Compact commitments

We completed a preliminary supply chain review and began engaging with our supply chain.

Achieved

Review our company-wide biodiversity approach, to understand our impact and potential for value creation

We established a Biodiversity Working Group and began identifying how we can feature biodiversity and biophilia on every project.

In progress

Undertake a Life Cycle Analysis (LCA) for each of our asset classes by 2016

We continue to undertake an LCA on projects to inform our design decisions.

Achieved

Achieve 40% women at CEO -3 level, by 30 September 2020

This is proving challenging, largely due to high staff retention. At the end of 2019, we were at 35%.

In progress

Adopt the Australian Workplace Equality Index (AWEI) framework, by 30 September 2021

We are working towards achieving this target, with submission due early 2021.

In progress

Implement Innovate Reconciliation Action Plan and demonstrate increased impact upon renewal

Since launching in July 2018, we've achieved 49 of 58 targets from our first Innovate RAP and are launching our second RAP in January 2021.

In progress

Develop and deliver a broad-based Diversity and Inclusion strategy, inclusive of gender, mental health, culture & ethnicity and LGBTIQ; implemented by 30 September 2021

We've launched a number of initiatives including Frasers Pride Australia and mental health awareness in 2020.

In progress

Minimum 200 volunteering days completed by staff annually, from year ending 30 September 2020

As of November 2020, we have completed 29/200 volunteering days for FY21.

In progress

Achieve 40% women at CEO -3 level by 2020

We have made significant progress on this target and will continue to work towards achieving it beyond 2020.

In progress

Achieve WGEA certification by 2019

We have achieved this certification in 2019 and again in 2020.

Achieved

Broaden the Gender Equity Council to include diversity & inclusion by 2019

We achieved this target in 2019, expanding the Council's remit to include LGBTI, culture & ethnicity and cognitive diversity.

Achieved

Each business unit to deliver new products/services to address access & value from 2018

Achieved successfully. Notably, Residential commenced an innovation mission on this theme.

Achieved

Roll out national health & wellbeing partnerships for customers and staff from 2017

Achieved successfully. Notably, Life Life Get Active and Smiling Mind.

Achieved

Establish health & wellbeing metrics for each business unit by 2018

We struggled to collate meaningful data given privacy and other constraints.

Not achieved

Develop an A Different Way engagement plan for internal and external audience by 2018

Successfully completed, noting that ongoing communications are essential to retain awareness and build expertise.

Achieved

Establish a shared value measurement tool for use on all projects by 2018

We found this target challenging, and instead focused on asset-specific and project-specific initiatives.

Not achieved

Establish annual FPA Community Day by 2019

After further consideration, we resolved to adopt a days-based volunteering target.

Not achieved

Launch Reconciliation Action Plan by 2018

We launched our first Innovate Reconciliation Action Plan in 2018.

Achieved

Roll out FPA Community partnership from 2017

Our three-year charitable partnership with Smiling Mind commenced in November 2017.

Achieved

All FPA staff to be trained in sustainability by 2017

We trained 59% of staff in sustainability in 2016 and 2017. Training is available to all staff as required.

Not achieved

Implement a gender target by 2016

We've set a target to achieve 40% women at CEO -3 level, by 30 September 2020.

Achieved

Develop and implement the FPA Diversity and Inclusion Policy

Our Diversity and Inclusion Policy was launched in October 2016.

Achieved

80% staff participation in FPA health & wellbeing program by 2020

Achieved successfully. Free flu shots and health checks were popular intiatives.

Achieved

Continue our safety commitment across the business in accordance with our Occupational Health & Safety Plan

We continue to have safety as a top priority for our employees, contractors and customers.

Achieved

Establish a shared value measurement tool for use on all projects by 2017

We launched our Community Investment Strategy, and began working with partners to develop a measurement tool.

Not achieved