Some of Australia’s property companies are gaining top global accolades for their sustainability performance but according to a damning new report the commercial property sector as a whole is failing to meet even basic sustainability benchmarks.
Today Catalyst Australia launched its CSR Dashboard, which assesses the corporate social responsibility (CSR) of 32 of Australia’s largest companies across six different topics: gender equality, environment, labour standards, supply chain, community investment and engagement. The breadth of research and data analysis that underpins theCSR Dashboard gave the researchers some overall impressions about social and environmental reporting in Australia. Surprisingly, the majority of our leading companies were not up to scratch. Despite being based on well-established global and local standards of good practice, in most cases the criteria used in the CSR Dashboard were too aspirational to be met by the companies in the sample. Only four of the 32 companies provided enough public information to rate their performance in all 20 of the indicators. Ten companies had three or less reporting gaps. At the other end of the spectrum seven of the 32 companies did not achieve a rating in more than half of the 20 indicators. Some topic areas were widely overlooked, such as supply chains. Companies also disclosed selectively around labour standards. The website provides a visual representation of the full results for all companies and topics, as well as background information about the project.