Liftango is proud to be working in partnership with RealtechX (RTX) and its other partners, as we work together to collaborate in efforts to shape the future of our built environment. The RTX Growth Program supports emerging real estate technology companies with strategic capital, growth expertise and access to a network of enterprise partners.
There are many ways that the companies involved in RTX are interacting with the built environment, through programs, and projects to bring about sustainable workplaces and better environments for us all to live and work in and around.
We compiled a list of how these companies behind RTX are interacting with the built environment.
Dexus, an Australian real estate investment trust, manages a high-quality Australian property portfolio with a value of $31.8 billion.
With an entire sustainability approach underpinning what the company does, a key component is their Leading Cities objective. This involves developing world-class office buildings to deliver customer-focused, sustainable workplaces; as well as being ones which enhance the amenity and vibrancy of central business districts. The location of Dexus’ properties across several major Australian CBDs means that their function is closely linked to the broader services, infrastructure and amenity provided by the city as a whole. Their success is therefore inextricably linked to the cities’.
One of Dexus’ more recent developments is at 100 Mount St, North Sydney. Dexus has prided itself in this development and self-describes it as being “an exemplar of sustainable design”. The building is targeting 5-star Green Star Design & As Built and 5-star NABERS Energy ratings. The International WELL Building Institute™ has awarded 100 Mount the WELL Core & Shell Gold Pre-certification.
When pondering leasing options, potential Dexus customers encounter this sentence on the company’s website: “Dexus is committed to creating more connected, convenient and accessible communities.” Sustainability likewise plays a big part in Liftango’s values. By incentivising more shared trips, we help organisations take vehicles off the road and reduce their Co2 emissions. Accessibility too is key to our approach – with many of our partners providing priority parking to Liftango carpoolers.
A property management company with a $19 billion portfolio under management, ISPT oversees 132 properties across Australia.
The company is focussed on intelligent design when it comes to their property portfolio. “Our buildings are carefully planned to sustainably accommodate the changing needs of our customers, whether we’re reimagining old buildings or developing new ones,” the company site says. “Through adaptive reuse we transform tired spaces into meaningful community hubs and office precincts, building an enduring legacy of positive social and environmental outcomes.”
In 2016 ISPT began a national, four-stage initiative to install Solar Photovoltaic (PV) panels on 50 of their buildings’ rooftops. The rollout was the first of its scale in Australia and aimed to set a benchmark for sustainable leadership while providing clean, cost-effective, low-carbon energy to their customers.
While ISPT is in the process of covering acres of rooftops with solar panelling, Liftango likewise has been embracing renewable energy solutions and by its very nature is reducing carbon emissions – leading the way to set a standard for reduced carbon emission that would have a massive, positive impact that current projections indicate saving scores of hectares of trees.
An international property and infrastructure group, Lendlease operates in more than 40 countries around the world.
The company website says they’re committed to leading the evolution of their industry to be truly sustainable – environmentally, socially and economically.
“This is fundamental to our vision to create the best places, places for people today and for generations to come.”
The Fund has grown its net lettable area by 23 per cent over the past six years while simultaneously reducing its carbon footprint by 39 per cent. 47 Lendlease office and industrial assets (representing more than $12 billion in funds under management) have established commitments to be carbon neutral before or by 2025, with the remaining retail assets targeting 2030.
Scott Mosely, Managing Director of Lendlease Funds Management Australia said that Lendlease had been integrating sustainability into their strategies for more than a decade. “Investors are increasingly looking to align their investment strategies with good social and environmental outcomes. Tenants are actively seeking out workplaces that are aligned with their sustainability credentials, which in turn helps them attract and retain the best people.”
Carpooling, which Liftango champions, is the truest form of shared mobility there is, and provides the kind of positive, ‘encouraging low emissions’ philosophy which organisations need so that they can meet their targets. Carpooling enables people to share their commute with multiple people, and by doing so help reduce the number of vehicles needed to deliver the workforce to their destinations – the positives for the environment are numerous to say the least. With mobility being a key aspect to sustainability, Lendlease’s commitment to the practice shows their insight as to the fundamentals. Including mobility in their strategy is as important as incorporating any other initiative.
An Australian mutual company having its origins in the ‘friendly societies’ movement. At 180 years old, they oversee private health insurance, banking, financial services, life insurance, retirement communities, aged care, home care, and are an NDIS provider.
Their approach to sustainable investing says that it’s not just good for the environment, it’s sound financial advice to boot. According to one of their blog posts from 2016, as a category, “core responsible investments have outperformed its benchmarks over 1, 3, 5- and 10-year periods, and there are an increasing number of options available for sustainably-minded investors.”
AU also have an in-house specialist fixed interest manager which also manages an award-winning sustainable strategy in which their high conviction strategies are screened in line with a robust, multi-layered sustainability policy.
Liftango’s also got one eye on the hip pocket while maintaining a similarly robust approach to green or environmentally-sound practices. Take this example: 69 percent of Australians still drive to work. If this figure were reduced by just 10 per cent, it would equate to reduction of approximately 90 kilotonnes of CO2. Applying a flat rate of $AUD10 per tonne of carbon dioxide, the savings generated would be $900,000. Additional benefits would arise from the decrease in congestion, as well as an increase in productivity.
PGIM Real Estate
Formerly Prudential Investment Management, is the asset management arm of American life insurance company Prudential Financial.
PGIM’s sustainability initiatives are constantly being evaluated to improve efficiency and reduce overall carbon emissions.
In 2018, one of PGIM’s Singapore assets under management underwent several projects to improve overall efficiency, as well as occupant experience and health and wellbeing. This included the replacement of Tower 1’s chiller plant, which improved chiller efficiency; the shutting down of air-conditioning on Saturdays from 8.00am to 1.00pm (unless requested otherwise by tenants), and the modernization of Tower 1’s lifts with energy saving features such as the use of variable voltage, variable frequency drives and LED lighting. Vendors of this Singapore site were actively encouraged to switch to eco-friendly and recycled consumable products – which aids in preventing deforestation – as well as conserve resources, reduce pollution during manufacturing, and to divert usable paper from waste streams.
Business and industry have an opportunity, if not an obligation, to learn just how encouraging energy-saving initiatives like this. The switch from single-occupancy vehicles into shared mobility alternatives provides further opportunity for them to help meet their emissions reduction targets. PGIM’s endeavours with the Singapore project are all about making the most of this opportunity.
The RealTechX Partners are leaders in the way our future envrionment is built.
If a company wants to achieve sustainability goals, it has to consider among multiple factors, the carbon footprint its staff makes on their daily commute. They need to consider what kind of space is occupied by staff who choose to drive to work, and the potential for that space to be used for other purposes. Of the many considerations to take into their projects, including mobility in their strategies is of significant importance. Returns on investment, comfort, durability, aesthetics are all important considerations, but mobility needs to be more than an afterthought.
The positive financial impact green/environmentally sound actions can have a huge impact on their bottom line.