Charter Hall breaks Green Star record

by Sophie Berrill
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Charter Hall

Charter Hall Group has achieved a 5-star Green Star rating across its office portfolio, which totals more than 1.58 million square metres (sqm), becoming the largest to do so in Australia. 

Charter Hall now also holds the record for the most 6-star Green Star Performance-rated office buildings, with 10 assets achieving the highest possible rating. Six stars signifies ‘World Leadership’ in sustainability performance, according to the Green Building Council of Australia‘s rating system.

As a result of its efforts to deliver more sustainable buildings, Charter Hall’s office portfolio has more than doubled the number of buildings rated at least 5 stars and reduced its energy intensity by 20 percent, despite a 47 percent increase in floor area since 2019.

Charter Hall office CEO Carmel Hourigan says the company is incredibly proud to create more sustainable solutions in the commercial property sector.

“Notably, we achieved this during a time of growth, which demonstrates the impact of incorporating sustainability key performance indicators at both the asset and portfolio level, as well as integrating ESG [environmental, social and governance] into our active management approach,” she says. 

“Our portfolio is evidence that greater sustainability performance attracts higher quality tenants, longer leases, and stronger, more resilient valuations.”

Further to its achievements in its office portfolio, Charter Hall also continues to lead the market as Australia’s largest Green Star Performance-rated portfolio by area and volume.  Approximately 340 assets have been rated, totalling over 6.70 million sqm across its core sectors.

“We continue to actively partner with our tenant and investor customers on sustainability initiatives, while leveraging the size and scale of our platform to maximise the impact of our investment in this space on our funds and across individual assets, and ensure that it translates into environmental, social and financial benefit for our customers and communities,” concludes Charter Hall managing director and group CEO, David Harrison.

Read about what it takes to manage the Sydney Opera House – a 6-star Green Star building – in the latest issue of the FM digital magazine.

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