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| Overall Assessment |
Comment |
Score |
| Comprehensive |
Dexus provides a highly transparent picture of its climate-related lobbying. It names several concrete policy processes it has engaged in, including the review of the Commercial Building Disclosure Program under the Building Energy Efficiency Disclosure Act, the City of Sydney’s draft performance standards for new developments, and the proposed changes to the NABERS Energy rating tool administered by the NSW Department of Planning, Industry and Environment, along with engagement in the NSW Built Environment planning system. For each of these files the company spells out how it lobbied, describing the use of industry-association channels through the Property Council of Australia, direct workshops, written submissions and follow-up meetings, and sustained discussions with the relevant government bodies—the Australian Department of Industry, Science, Energy and Resources, the City of Sydney, and the NABERS administrators. Dexus also sets out the concrete policy outcomes it is seeking: strengthening the CBD program by anchoring it in NABERS, refining minimum energy-efficiency and on-site renewable standards, removing energy-saving certificate requirements for shopping-centre refurbishments, delaying implementation timelines affected by COVID-19, and updating NABERS benchmarks to reflect grid decarbonisation and recognise large-scale generation certificates. By clearly connecting each engagement to a defined mechanism, target and desired regulatory change, the company demonstrates comprehensive transparency on its climate-policy lobbying activities.
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4
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| Overall Assessment |
Comment |
Score |
| Moderate |
Dexus discloses a formal structure that links its climate strategy to external engagement, stating that "The Dexus Sustainability Team meets monthly … and reports to the Corporate Executive Committee and the Board ESG Committee, which monitor the team's activities for consistency against strategic objectives," and that these committees "assist the Dexus Board in fulfilling its responsibilities by reviewing the group’s operational risk management, sustainability practices, and procedures including our climate change strategy." The company adds that its Investor Relations, Communications and Sustainability Team "coordinates and oversees the publication of all external documents" through "a formal, structured process, involving a materials approvals database," and it designates "key spokespeople… to engage in public debate or comment on specific topics, including communicating our climate change strategy." This indicates an internal process, with named governance bodies, for approving and overseeing climate-related engagement. Dexus also references political advocacy, noting that "Political engagement, including the use of lobbyists, [is] in line with legislative restrictions" and that it "does not make political donations," but it does not disclose how these lobbying activities are assessed for alignment with its climate goals, nor does it describe any review of trade-association positions or corrective actions where misalignment occurs. Overall, the presence of board-level oversight and a documented approval pathway shows moderate governance, while the absence of detail on monitoring of direct or indirect lobbying alignment with climate policy goals limits the robustness of the framework.
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2
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