Scentre Group

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.