Published – 18 October 2022
For the third year running, Port of Brisbane Pty Ltd (PBPL) has received a 5-star GRESB rating – a globally recognised assessment that evaluates ESG performance and sustainability ‘best practices’ for real estate and infrastructure funds, companies and assets worldwide.
Based on data for the FY21 financial year, PBPL’s overall score increased to 94/100 (up from 89/100 in 2019/20), ranking it as the second port out of seven in our division.
PBPL CEO, Neil Stephens, said the Port was proud of the outcome which reflected the progress it is making to deliver on its ambitious Sustainability Program.
“From 1 July 2021, we put our Sustainability Program at the centre of our Business Strategy as we seek to sustainably grow and develop the Port of Brisbane for Queensland.
“While there is always more work to be done, we continue to make good progress on sustainability initiatives across all areas of our business, with much of this achieved in close collaboration with our customers and partners.
“A key part of sustainability is seeking continuous improvement. So, while we are very proud to achieve this 5-star rating again, it is equally as pleasing to see our overall score improving – a sign of the progress we’re making on our sustainability journey.
“This ranking and global recognition continues to give us confidence that we have a strong strategy for the Port of Brisbane. A strategy that will enable the business to respond in a responsible, balanced and sustainable way, delivering positive outcomes for our business, our customers and stakeholders, and the broader community.”
Key sustainability initiatives delivered/underway include:
- achieved Bronze accreditation as a Carbon Literate Organisation – the first port globally (training delivered by The University of Queensland (UQ) Business School/ThinkZero in partnership with the Carbon Literacy Project (CLP)
- achieved Skilled Workplace Recognition status by Mental Health First Aid Australia, first Australian port. Approximately 10% of our employees have received Mental Health First Aid accreditation
- Progress towards identifying, measuring and influencing Scope 3 emissions while Scope 1 and 2 emissions reduced by 16%
- We’ve offset our marine emissions by purchasing Ampol Carbon Neutral fuel, Climate Active certified
- 80% of all street and storage/terminal areas operated by PBPL now LED lighting
- Over $288,000 funding provided to 31 community partners
- Continued to progress initiatives within our Reconciliation Action Plan, which is endorsed by the PBPL Board and Reconciliation Australia.