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CASE STUDY

ISPT

Climate Active carbon neutral certification | 100% Australian Carbon Credit Offset Units

ISPT achieves Climate Active, carbon neutral certification, while gaining 100% Australian Carbon Credit Offset Units (ACCUs)in an industry first

ISPT is one of Australia’s largest unlisted property fund managers, with over $19 billion* of funds under management through investments in office, retail, industrial and residential properties. ISPT take a responsible approach to investing and have an ambitious ESG strategy to 2025 including a carbon neutral pathway.

Aiming for carbon neutrality by 2020, ISPT engaged Ndevr Environmental to assist them navigate their carbon neutral pathway.

Undertaking a comprehensive GHG inventory of their asset portfolio, Ndevr Environmental also managed ISPT’s organisation certification (which included every property owned and operated within their portfolio) under the Climate Active program; provided strategic advisory on emissions reductions and offset project development activities; and served as independent third-party adviser to ISPT in its partnership with Landcare Australia on a carbon conservation land bank program. 

In 2020 ISPT achieved Climate Active carbon neutral certification covering the base building operations of ISPT’s 91 owned and operated properties and their corporate offices in Brisbane, Melbourne, Perth and Sydney.

In an industry first, ISPT procured 100% Australian Carbon Credit Offset Units (ACCUs) with a focus on programs connected to Indigenous communities.

In achieving 100% carbon neutrality, ISPT has demonstrated a market leading commitment to future generations by taking strong voluntary action on climate change. Ndevr Environmental continue to work with ISPT in their next ambitious milestone to becoming a net positive producer of carbon offsets by 2025.

Further reading: ISPT

*July 2021

“Ndevr Environmental provided fantastic support to the business during our journey to become certified carbon neutral under the Australian Government’s Climate Active program. The industry first certification is for the base building operations on all ISPT owned and operated properties, as well as our corporate offices and covers around 80,000 tonnes of CO2-e. Ndevr Environmental were integral in all aspects of carbon neutrality including; expert carbon accounting of scope 1, 2 and particularly scope 3 emissions, supporting offset procurement, emissions reductions and communicating our commitment to internal and external stakeholders. We have since engaged Ndevr Environmental for our ‘true-up’ accounts and continue to work with their climate change experts on a number of projects.”

Alicia Maynard, General Manager, Sustainability & Technical Services Tweet

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