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Growthpoint Properties

Growthpoint Properties, founded in 1987 and headquartered in Johannesburg, is a listed real estate investment trust (REIT) in South Africa. The company specialises in investing in industrial and office properties. Its portfolio extends across South Africa, Australia, Eastern Europe and the UK. As of 2023, Growthpoint Properties manages 168 properties, with an industrial gross leasable area (GLA) of 1.94 million square metres and a total space of 8 million square metres.

Summary

Growthpoint Properties discloses information on some topics related to urban sustainability but lacks disclosure on many important topics. While the company conducts a double materiality assessment, it can improve its sustainability governance by establishing targets that cover all of its material topics.

The company should also include socio-economic targets in its executive remuneration policy to facilitate accountability and align leadership incentives with its broader social and economic impacts.

Growthpoint Properties should enhance its human rights practices by implementing processes to identify risks and impacts throughout its value chain. Environmentally, while the company is consistently reducing its scope 3 greenhouse gas emissions and has a five-year carbon neutrality goal, it should establish near-term and long-term science-based targets aligned with the 1.5°C pathway.

Moreover, the company should conduct and disclose risk assessments for all natural disasters relevant to its operations, and ensure that all of its assets and portfolio are insured to reduce the financial impact of disasters on governments and societies.

Ranking position: #93 /300
Total score: 16.7 /100

Measurement area	Score	Rank (0-300)
Governance & Strategy	#1 8.3 /100	#128
Inclusive Cities	#1 25.0 /100	#85
Healthy Cities	#1 9.7 /100	#82
Climate Proof & Resilient Cities	#1 10.0 /100	#101
Core Social Indicators	#1 30.6 /100	#50

Industries
Real estate	#33

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More about the company

Headquarters: South Africa
Ownership structure: Public
Revenue: USD 843 billion (2022)
Number of employees: 669 (2022)
Website: https://growthpoint.co.za/

This company is part of the SDG2000, the 2000 most influential companies

See company profile SDG2000