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CASE STUDY

GOODMAN GROUP

The Path To Carbon Neutrality And 100% Green Power

Goodman’s commitment to climate action see's them reach carbon neutrality four years before their 2025 target

Goodman is the largest listed industrial property group in Australia and one of the largest listed specialist fund managers of industrial property and business space globally. In 2019, Goodman developed their 2030 Sustainability Strategy, with a commitment to achieving carbon neutrality and to use 100% renewable electricity in their operations by 2025.

Goodman engaged Ndevr Environmental to provide the specialist services required to assist them on this journey. A diverse, international asset portfolio, varied assets and lease agreements, and the need to analyse multi-jurisdictional emissions profiles all added layers of complexity to the project.

The solution comprised of five main components including:

  1. the development of a comprehensive organisational GHG emissions inventory (scope 1, 2 and 3) in line with best practice global GHG Accounting protocols and Australian standards
  2. designing a cost-effective emissions reductions strategy
  3. advisory on costs and benefits from various contractual and procurement options for renewable energy at  scale
  4. support on the selection of carbon offsets that were in-line  with corporate principles
  5. navigating certification under the Australian Climate Active program

The result, underpinned by Goodman’s deep commitment to climate action, has seen them reach carbon neutrality for global operations four years before the 2025 target.

The breadth of Goodman’s emissions profile, reduction  strategy and offsetting effort is truly market leading in the industrial property space and Ndevr Environmental are proud to be a part of their journey.

Further reading on Goodman’s 2030 Sustainability Strategy: Goodman

 

"“We’re proud to achieve carbon neutrality for our global operations four years ahead of our initial 2025 target. While Goodman has made strategic choices to reduce emissions across its operations, the direction provided by Ndevr in the final stages of the process was vital, particularly with verification and Climate Active certification. They did a great job coordinating our global carbon inventory whilst ensuring we remained well informed throughout the process."

James Vesper, Group Head of Sustainability, Goodman Tweet

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