Potential offtaker

Growthpoint Properties

www.growthpoint.co.za

Estimated electricity consumption

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Countries of production presence

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Growthpoint Properties is a leading South African real estate investment trust (REIT) that operates in the multi-asset class sector. The company has a diverse portfolio of properties that includes retail, office, industrial, and residential assets. With a market capitalization of over ZAR 60 billion, Growthpoint Properties is one of the largest REITs in South Africa.

The company is committed to sustainable business practices and has implemented several initiatives to reduce its carbon footprint. One of the key focus areas for Growthpoint Properties is decarbonisation. The company has set ambitious targets to reduce its greenhouse gas emissions and has implemented several measures to achieve these goals.

One of the ways in which Growthpoint Properties is reducing its carbon footprint is through the use of renewable energy. The company has invested in several renewable energy projects, including solar and wind farms, to generate clean energy for its properties. In addition, the company has implemented energy-efficient measures in its buildings, such as LED lighting and energy-efficient HVAC systems, to reduce its energy consumption.

Another important initiative for Growthpoint Properties is corporate energy. The company has implemented a comprehensive energy management system that tracks its energy consumption and identifies areas for improvement. This system has enabled the company to reduce its energy consumption and costs, while also improving the sustainability of its operations.

Growthpoint Properties has also implemented corporate power purchase agreements (PPAs) to support the development of renewable energy projects. These agreements enable the company to purchase renewable energy directly from the source, reducing its reliance on fossil fuels and supporting the growth of the renewable energy industry.

In addition to its focus on sustainability, Growthpoint Properties is also committed to creating value for its shareholders. The company has a strong track record of delivering consistent returns to its investors, with a dividend yield of over 7% in 2020. The company's diversified portfolio of properties, combined with its focus on sustainable business practices, has positioned it well for long-term growth and success.

Growthpoint Properties has a strong presence in South Africa, with a portfolio of properties that includes some of the country's most iconic buildings. The company's retail portfolio includes properties such as the V&A Waterfront in Cape Town and the Mall of Africa in Johannesburg. Its office portfolio includes properties such as the Sandton City Office Tower and the Rosebank Office Park. The company's industrial portfolio includes properties such as the Eastgate Business Park and the Meadowview Industrial Estate.

Growthpoint Properties is also expanding its presence in other markets, including Australia and Europe. The company has invested in several properties in Australia, including the Optus Centre in Sydney and the Rialto Towers in Melbourne. In Europe, the company has invested in properties in the United Kingdom and Poland.

In conclusion, Growthpoint Properties is a leading South African REIT that operates in the multi-asset class sector. The company is committed to sustainable business practices and has implemented several initiatives to reduce its carbon footprint. Its focus on decarbonisation, corporate energy, corporate PPA, and renewable energy has enabled the company to reduce its energy consumption and costs, while also supporting the growth of the renewable energy industry. With a diversified portfolio of properties and a strong track record of delivering consistent returns to its investors, Growthpoint Properties is well-positioned for long-term growth and success.

✓ Science Based Targets member
✓ Declared Net Zero commitment