The Port of Melbourne has been ranked first among Australian and international ports for the second consecutive year in the 2024 Global Real Estate Sustainability Benchmark (GRESB) Infrastructure Asset Assessment.
The port maintained a five-star GRESB rating, with the PoM this year scoring a maximum 100 points, increasing from its score of 99 in 2023.
“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,” PoM CEO Saul 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.”
The 2024 result reflects the port’s ongoing commitment to sustainability through its policies, strategies and actions, with key milestones over the past year including commencing a renewable Power Purchasing Agreement (PPA) that is now providing more than 60 per cent of the port’s energy needs via renewables.
Alongside key steps towards its 2030 Scopes 1 and 2 Net Zero target, the port also achieved a Tier 1 Skilled Workplace status in the Mental Health First Aid Australia Workplace Recognition Program while maintaining and improving risk assessments and monitoring for over 50 environmental, social and governance focus area assessed by GRESB annually.
Cannon says the Port of Melbourne is proud to be seen as a leader in sustainability that has met all of GRESB’s best practice benchmarks this year but remains committed to improving to meet ever-increasing expectations and more advanced GRESB requirements each year.
Used by more than 850 infrastructure funds and assets around the world and representing more than $1.6 trillion in infrastructure investment, GRESB is the leading environmental, social and governance benchmark for infrastructure investments across the world.
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