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Charter Hall is pleased to announce that our flagship $10.3 billion Charter Hall Prime Industrial Fund (CPIF or the Fund) has achieved a 6 Star Green Star rating for its recent development at 300 Victoria Road, Wetherill Park, NSW.
The Green Building Council of Australia (GBCA) awarded the highest possible rating of 6 Stars in Building Design & Construction, to Wetherill Park Distribution Centre (Building 2) upon its completion in December 2021. The initiative was in collaboration with Marley Spoon and EBOS Group Australia Pty Ltd, which occupy the new facility.
The 6 Star Green Star Design & As Built v1.3 rating showcases world leadership in sustainable building design. It is reserved for highly efficient, Net Zero buildings that utilise renewables to help offset the majority of power use and address a significant number of environmental and social issues while also contributing to the community.
The rating reflects Charter Hall’s implementation of sustainability initiatives, including:
Charter Hall Group Head of ESG, Andrew Cole, said, “We are proud to achieve a 6 Star Green Star rating for our Wetherill Park Distribution Centre, which demonstrates Charter Hall’s commitment to environmental and social governance (ESG) performance across our Industrial and Logistics portfolio and development pipeline.”
“We are seeing clear investor and tenant customer interest in real assets with strong ESG credentials and together, we are driving the next generation of positive environmental and social outcomes.”
CPIF Fund Manager, Richard Mason, said, “This achievement is directly aligned with our strategy to increase the ESG credentials of all of our assets, while providing excellent returns for our investors and high-quality facilities for our customer tenants.”
GBCE credited CPIF for responsible construction practices and waste management and Charter Hall’s use of sustainable building materials.
The design of the facility ensured indoor air quality and acoustic, lighting, and visual comfort were prioritised for workers. The facility also features charging bays for electric vehicles and the opportunity to install more in the future.
In the previous financial year, Charter Hall procured 100 per cent offsite renewable electricity for its Industrial and Logistics portfolio and received recognition for its work in climate reporting, with CPIF awarded 2020 GRESB Industrial Global Development Sector Leader. In 2022, Charter Hall’s Industrial and Logistics division committed to achieving Net Zero Carbon in operations for Scope 1 and Scope 2 related emissions.
“Across 5.7 million square metres of industrial assets, we’ve achieved our goal of Net Zero Carbon in operation. Our continued alignment with Green Star ratings demonstrates a clear focus on low carbon and climate-resilient assets,” said Mr Cole.
“Looking at Wetherill Park as an example, these sustainability initiatives have been built into the design to preserve asset values against future physical and transitional risks of climate change down the track.”
To further advance the application and use of rating tools that can measure sustainability outcomes across the industrial and logistics sector, Charter Hall has actively engaged with the Green Building Council of Australia to be early adopters of its new performance tool Green Star Performance. The Group has also partnered with NABERS to assist in the development of an operational performance standard for energy, water and waste in the industrial sector, to match similar tools developed by NABERS for office and retail sectors.