Growthpoint Properties' continued inclusion in the JSE Socially Responsible Investment Index (SRI Index) was announced today, based on its positive environmental, social and governance (ESG) practices, as well as its performance in managing climate change issues.
This is Growthpoint's six successive inclusion in the JSE SRI Index, which promotes sustainable and transparent business practices. This year Growthpoint met all of the core indicators for governance and related sustainability concerns, it achieved the required results for social issues and delivered best practice for environmental issues, resulting in low environmental impacts.
Growthpoint was also the recent winner, for the second consecutive year, of the Nedbank Capital Sustainable Business Awards. Tshedimosetso House in Pretoria won in the infrastructure and renewable energy category.
Norbert Sasse, CEO of Growthpoint Properties, comments: "We are pleased to be included as a component of the JSE SRI Index. It is a meaningful, independent measure of Growthpoint's integrated approach to risks and results that considers ESG impacts and confirms that we are applying our commitment to sustainability with quantifiable actions."
THE JSE SRI Index series was launched in May 2004 and listed companies in the FTSE/JSE All Share index are reviewed annually for inclusion based on public information from the companies measured against a holistic set of ESG and related sustainability concerns, and climate change.
JSE ALSI Top 40 Index Company Growthpoint owns and manages a diversified portfolio of 434 directly owned properties in South Africa, 51 properties in Australia through its investment in GOZ and a 50% interest in the properties at V&A Waterfront, Cape Town. Growthpoint also holds a 34.7% in Acucap and 15% in Sycom, and has concluded an implementation agreement for the terms and conditions of a potential offer by Growthpoint to acquire all the shares in Acucap that Growthpoint doesn't already own.
"As a substantial property owner, we are cognizant that our approach to ESG and climate change has significant impacts. Growthpoint is committed to sustainable business practices and transparency, we will continue to move forward on our sustainability journey and strive to meet these challenges on all levels," notes Sasse.