Logistics News, Port News

Port of Melbourne ranked top of sustainability table

With this result from the GRESB, the Port of Melbourne has added another achievement in 2023

Port of Melbourne (PoM) has been ranked first among Australian and international ports in the 2023 Global Real Estate Sustainability Benchmark (GRESB) Infrastructure Asset Assessment.

PoM scored 99 out of 100 while also receiving a 5-star GRESB rating for a second consecutive year.

GRESB’s Infrastructure Asset Assessment is the leading environmental, social and governance benchmark for infrastructure investments across the world.

Port of Melbourne CEO Saul Cannon says the result is recognition of PoM’s commitment to embed sustainability in the business and PoM’s collaborative approach to working with the port supply chain and other stakeholders to progress sustainability initiatives.

“As a vital freight hub for south-eastern Australia, we have an opportunity to not only take action in our own operations but to lead and facilitate the decarbonisation of the supply chain,” Cannon says.

“We have identified both traditional and collaborative areas where we can add value and are adapting our approach to do so – be it emissions reduction, stakeholder engagement, exploring alternative fuels or financing.

“This result highlights our comprehensive approach and our commitment to sustainability.”

The result is the latest of many sustainability milestones and activities at PoM, including the endorsement of a net zero target by 2030, the completion of a $475 million sustainability linked loan and recent work to embed sustainability into its developments and operations.

Cannon says PoM is working towards a more sustainable port for the benefit of the Australian economy and the liveability of Melbourne.

“Sustainability is important to support the Port’s efficient 24/7 operations and grow the Port to meet the increasing trade requirements of south-eastern Australia,” Cannon says.

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