This report covers the period from 1 July 2020 to 30 June 2021 (FY21) for the financial reporting entity Growthpoint Properties Limited.

The report provides an overview of the operations and performance of all businesses, which encompass the South African businesses, including its share in the V&A Waterfront (V&A), Growthpoint Healthcare Property Holdings (GHPH), trading and development, as well as its non-South African interests, which include its share in Growthpoint Properties Australia (GOZ), Globalworth Real Estate Investments (GWI), Lango Real Estate Limited (previously known as Growthpoint Investec Africa Properties (GIAP)) and Capital & Regional (C&R). These businesses have been depicted in a simplified ownership and legal structure.

Through “Integrated Thinking”, information represented in the report is determined by an analysis of our business context, our operating environment and the six integrated reporting capitals that influence our business operations. This provides a holistic view of the business strategy, the drivers thereof and the various elements influencing the sustainability of our business and our ability to create value.

Given the nature of the business and its strategic aspirations, the report has identified elements that are pertinent to the organisation and its stakeholders. Materiality determination and the reporting boundary were informed through ongoing stakeholder engagement, which ensured that the business strategy considers significant social, economic, environmental, and governance issues that could have a material impact on the long-term success of the business. Material issues considered at Growthpoint:

We remain cognisant of external elements that influence our business context such as climate change.

The report was prepared with reference to the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD). Core elements of the recommended climate-related financial disclosures include Governance, Strategy, Risk Management, and Metrics and Targets.

Forward looking statements

The IAR contains certain statements that are forward looking. By their very nature, such statements cannot be considered guarantees of future outcomes as they are dependent on events and circumstances, the predictability of which is uncertain and not necessarily within the organisation’s control.

We have identified the United Nations Sustainable Development Goals (SDGs) that we prioritise, based on our positive impacts in these spheres, and believe they will remain aligned to our business strategy and values.

 

 

A CSR objective

  

A CSR objective

  

A sustainability strategy of 20:20:20:2

  

Property Point

  

CSR, Property Point and GBCSA

  

Various associations memberships and participation such as SA REIT, SAPOA and NBI

  

We have also identified key risks and opportunities considered material and pertinent to the organisation that could provide the organisation with the ability to create and sustain value over time or alternatively impedes the business strategy. This further influences our approach in dealing with factors within the different capitals.

The report focuses primarily on meeting the needs of shareholders, analysts and investors who wish to make an informed assessment of Growthpoint’s ability to achieve its mission to create value for all our stakeholders through innovation and sustainable property solutions.

This report is part of a suite of reports issued for the financial year end and should be read in conjunction with the annual financial statements, AGM notice and the ESG report.