Dexus is a leading Australian Real Estate Investment Trust (REIT) that specializes in the ownership, management, and development of office properties. The company has a diversified portfolio of high-quality office assets located in key Australian cities, including Sydney, Melbourne, Brisbane, and Perth. Dexus is committed to sustainable and responsible business practices, and has made significant strides in decarbonisation and renewable energy.
Decarbonisation is a key focus area for Dexus, and the company has set ambitious targets to reduce its carbon emissions. In 2019, Dexus announced its commitment to achieve net-zero carbon emissions by 2030. To achieve this goal, the company has implemented a range of initiatives, including energy efficiency measures, renewable energy installations, and carbon offsetting. Dexus has also partnered with industry bodies and government agencies to drive decarbonisation across the property sector.
Corporate energy is another area of focus for Dexus. The company is committed to reducing its energy consumption and increasing the use of renewable energy sources. Dexus has implemented a range of energy efficiency measures across its portfolio, including LED lighting, building automation systems, and HVAC upgrades. The company has also invested in renewable energy installations, such as solar panels and wind turbines, to generate clean energy on-site.
Corporate power purchase agreements (PPAs) are an important tool for Dexus to achieve its renewable energy goals. A corporate PPA is a long-term contract between a company and a renewable energy provider, which guarantees a fixed price for electricity generated from renewable sources. Dexus has signed several corporate PPAs with renewable energy providers, which will supply the company with clean energy for its operations. These agreements not only help Dexus to reduce its carbon footprint, but also provide price stability and cost savings over the long term.
Renewable energy is a key part of Dexus' sustainability strategy. The company has made significant investments in renewable energy installations, such as solar panels and wind turbines, across its portfolio. Dexus has also partnered with renewable energy providers to develop new projects, such as the Solar Exchange initiative. This program allows Dexus tenants to purchase renewable energy directly from a solar farm, providing them with access to clean energy at a competitive price.
Dexus has also been recognized for its sustainability achievements, receiving several awards and certifications. In 2019, the company was awarded the Global Real Estate Sustainability Benchmark (GRESB) Green Star rating for the tenth consecutive year. This rating recognizes Dexus' commitment to sustainability, including its efforts to reduce carbon emissions, increase energy efficiency, and promote sustainable practices across its operations.
In addition to its sustainability initiatives, Dexus is also committed to creating value for its stakeholders. The company has a strong track record of delivering solid financial performance, with a focus on long-term growth and stability. Dexus' portfolio of high-quality office assets is well-positioned to benefit from the ongoing demand for premium office space in key Australian cities.
In conclusion, Dexus is a leading Australian REIT that is committed to sustainable and responsible business practices. The company has made significant strides in decarbonisation and renewable energy, and has set ambitious targets to achieve net-zero carbon emissions by 2030. Dexus has implemented a range of energy efficiency measures, invested in renewable energy installations, and signed corporate PPAs with renewable energy providers. The company has also been recognized for its sustainability achievements, receiving several awards and certifications. Dexus' strong financial performance and high-quality office assets make it a compelling investment opportunity for investors who value sustainability and long-term growth.