Port of Newcastle has scored 100 per cent in the Global Real Estate Sustainability Benchmark (GRESB), maintaining a five-star rating for a fifth consecutive year.
The port was ranked first in the world for its management score, which highlights the management of Environmental, Social and Governance (ESG) risks and opportunities.
“To receive the highest GRESB score of 100 is a testament to the efforts of our Port of Newcastle team to embed ESG best practice processes across the business and to make sustainability a part of not just our culture, but the broader port supply chain through stakeholder collaboration,” said Port of Newcastle CEO, Craig Carmody.
“As a global trade gateway, the port has also welcomed initial shipments of an expected 30,000 wind farm components, which will be the cornerstone of NSW’s clean energy transformation over the next decade.”
GRESB is an international sustainability benchmarking tool that provides numerical insight into the ESG performance of major infrastructure assets.
Obtaining a five-star GRESB rating is the highest achievable rating and is reserved for the top 20 per cent of all companies that are surveyed globally.
“Achieving a top score does not mean we will be resting on our laurels,” said Carmody.
“We are actively working towards establishing biodiversity targets and are striving to be a nature-positive organisation by reporting against the Taskforce for Nature-Related Financial Disclosures.”
After scoring 40 per cent during GRESB’s first assessment in 2019, the ratings show a massive improvement for Port of Newcastle. The organisation has committed to continue to undertake GRESB’s benchmarking annually.
Diversification strategic priorities of a clean energy precinct, renewables terminal and a deepwater container terminal are in place to help the port reach its target for Net Zero emissions by 2040.
In other news, NSW Farmers is reminding motorists to take care around agricultural vehicles on the road ahead of this year’s grain and hay harvest.
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