CIMIC Group recognised for leadership in sustainability reporting 

Date
October 03, 2019
Categories
  • Corporate
Tags

CIMIC Group has been recognised as a leading company for sustainability reporting by the Australian Council of Superannuation Investors (ACSI).

 

CIMIC Group achieved ACSI’s highest possible rating of 'Leading' for reporting on environmental, social and governance (ESG) risks.

 

Further recognition for CIMIC Group's leadership in sustainability was also provided through CIMIC Group's inclusion in the FTSE4Good Index for the fourth year in a row.

 

The FTSE4Good Index Series is designed to identify companies that demonstrate strong ESG practices measured against globally recognised standards.

 

CIMIC Group Chief Executive Officer Michael Wright, said: "Sustainability is integral to the creation of value. Our approach is about building a reputation as a provider of choice with our clients and shareholders, and creating a positive legacy for our stakeholders, our people, and for the communities in which we work and live."

 

Sustainability at CIMIC Group

 

CIMIC’s approach to sustainability delivers value to both shareholders and the community, by mitigating risks, enhancing our reputation, improving business outcomes, and engaging positively with our staff and communities.

 

Increasingly investors are using sustainability or ESG metrics to screen the companies they will invest in. Globally, around $30.7 trillion was invested in sustainable assets at the start of 2018, a 34% increase in just two years1.

 

By demonstrating good ESG practices, CIMIC enhances its reputation – making the Group more attractive to investors, clients, potential employees and other stakeholders.

 

Sustainability award for Victorian rail project

 

As a recent example of how CIMIC Group companies build sustainability into our projects, an alliance including CPB Contractors, was recognised by the Victorian Government as a leader in sustainability for their work in delivering the Caulfield to Dandenong Level Crossing Removal Project.

 

The team was recognised at the Victorian Premier's Sustainability Awards where the alliance won the top prize in the Built Environment category.

 

The innovative elevated rail design has transformed the previous brownfield rail corridor into 22.5 hectares of new linear park beneath the structure, embracing holistic sustainability from design through to construction and operation.

 

The material used and reused has seen the project set exceptionally high standards for waste and emissions reduction.

 

This is also the largest re-giving of land in Melbourne since the opening of the Botanic Gardens and provides a significant opportunity to maximise ecological outcomes and reconnect communities.

 

Previously, communities along the corridor have long been split in half by the rail but, with the creation of the linear park and a redeveloped station precinct, the suburbs will be reconnected.

 

Further information

 

See our website for further information about our approach to sustainability.

 

Read ACSI's research on ESG reporting by ASX companies here, and more information about the FTSE4Good Index here.

 

[1] Global Sustainable Investment Alliance’s 2018 Global Sustainable Investment Review

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