GeelongPort

GeelongPort receives fourth five-star GRESB rating

GeelongPort has achieved its fourth consecutive five-star GRESB rating with a score of 97 out of 100.

The port was awarded first place globally for bulk ports that provide maintenance and operations support and placed in the top 20 per cent of all GRESB entities worldwide.

The GRESB Infrastructure Asset Assessment is a robust assessment tool which allows GeelongPort to benchmark its Environmental, Social and Governance (ESG) progress against peers.

GeelongPort CEO Brett Winter was thrilled to see GeelongPort continue to rate highly within the GRESB program.

“A fourth consecutive 5-star GRESB rating demonstrates GeelongPort’s strong and ongoing commitment to ESG leadership,” he said.

“I’m proud of the way the GeelongPort team continues to adapt and evolve our ESG practices to ensure we remain leaders in this space and support our vision of being Australia’s most sustainable port.”

Key ESG actions for the year include launching the port’s Innovate Reconciliation Plan, ensuring a significant number of GeelongPort staff have an ESG target and supporting the renewable energy sector through facilitating the delivery of 650,000 tonnes of wind turbine infrastructure.

GeelongPort also further embedded its award-winning renewable Power Purchasing Agreement (PPA) that is now providing 100% of GeelongPort’s purchased energy via renewables.

Each year GRESB assesses and benchmarks the Environmental, Social and Governance (ESG) performance of infrastructure assets globally, with 720 assets across 81 countries included in the GRESB assessment this year.

According to GRESB CEO Sebastien Roussotte, the GRESB Benchmark served as a powerful reminder to all industries of the positive impact of focused sustainability efforts.

“The results of this year’s GRESB Assessments are a testament to the progress being made across the sector. It’s clear our participants are helping set new standards in sustainability,” he said.

“GRESB members continue to lead the way, demonstrating the tangible benefits of strong ESG performance.”

GRESB sector leaders are set to be announced in the coming weeks.