Scentre Group

Lobbying Transparency and Governance

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Direct Lobbying Transparency
Overall Assessment Comment Score
Moderate Scentre Group provides a moderate level of transparency about its climate-related lobbying. It identifies several concrete policy processes it has engaged with, including the “Corporate Emissions Reduction Transparency Reporting under the National Greenhouse and Energy Reporting scheme,” the “2018 National Waste Policy” and associated circular-economy roadmap, and an industry review of “embedded network policy” being overseen by the Australian Energy Market Commission and Australian Energy Regulator. The company is particularly clear about how it lobbies and whom it targets: it describes indirect engagement “through our membership of the Property Council of Australia,” participation in the NABERS energy technical working group set up with the NSW Government, involvement in a circular economy working group convened by the Department of Industry, Science, Energy and Resources and CSIRO, and direct “industry consultation on embedded network policy” with the AEMC, AER and state agencies. However, the outcomes it seeks remain largely high-level. The disclosures refer to ambitions to “set out a clear strategic pathway for the future energy efficiency expectations of the built environment,” a “vision to create the foundations for a circular economy in the Australian Property Sector,” and a desire to “ensure energy and embedded network operations are efficient,” but they do not spell out specific legislative amendments, quantitative targets or detailed changes the company is advocating. Overall, the company is open about where and how it lobbies, yet offers only broad statements on the policy results it hopes to achieve. 2
Lobbying Governance
Overall Assessment Comment Score
Strong Scentre Group has put in place a defined governance process to ensure its climate-related engagement activities are aligned with its broader strategy. It explains that "Scentre Group's strategy on climate change directly influences our approach to climate change engagement activities relevant to both our retail assets under management and our Design and Construction businesses," which underpins all policy engagement. Oversight is provided at executive level, with the Responsible Business approach and scorecard "co-sponsored by two directors from our executive leadership team, with accountability for key initiatives aligned to directors and relevant subject matter experts." Engagement execution is managed by the National Sustainability Manager, who "will engage with the Shopping Centre Council of Australia, Property Council of Australia and NABERs on climate/carbon/energy efficiency forums and provide insights back to members of the executive leadership via dedicated internal communication channels," ensuring policy positions "are always aligned to our overarching company strategy on climate change and related matters." While this process covers both direct submissions to regulators and indirect engagement via industry associations and clearly outlines roles and reporting lines, we found no evidence of a formal review mechanism—such as board sign-off or independent audit—of these lobbying activities nor criteria for assessing and, where necessary, correcting or exiting groups whose positions may conflict with the Group’s climate objectives. 3