At ISPT, we are committed to being a leader in the area of responsible investing and we work hard to ensure responsible investment principles are embedded throughout our investment process.
Alignment of our investors and management as well as transparency throughout the business are paramount to our success. ISPT's 'investor owned and aligned model' is widely regarded as a benchmark in corporate governance. Our 'cost recovery' model is therefore driven by investing to create value and not by simply growing the asset base.
The ISPT Pty Ltd Board comprises ten Non-Executive Directors:
- Three ISPT Board appointed independent Directors including an independent Chairman.
- Four 'Founding Member' appointed Directors from AustralianSuper (formerly Australian Retirement Fund and Superannuation Trust of Australia), HESTA and CBUS.
- Two 'Group Member' elected Directors representing the 17 investors whom own a share in ISPT Pty Ltd.
- One 'Group Member' nominated Director representing the larger 'Group Member' investors.
The Board keeps abreast of all structural and major operational issues affecting the business. The Audit and Compliance, Environment Safety & Risk, People & Culture and Nominations committees play important roles in the governance of the business.
Click here to view the profiles of the ISPT Board Members
Our valuation policy has set industry standards with all valuations and valuers being external and independent. All properties including developments within the Core Fund and 50 Lonsdale Street Property Trust are valued on a quarterly basis, IGIPT properties are valued on a bi-annual basis and the Development and Opportunities Funds' investments are valued on an annual basis. Furthermore, we are actively involved with the Investment Property Databank (IPD) to improve transperency of the IPD Mercer Index, the benchmark of the unlisted property industry.
Property Risk Management (Health Safety and Environment) is paramount to ISPT and we have adopted best practice principles to manage potential injury, illness, damage to property and/or damage to the environment. A set of performance standards based around key risk areas are in place and regularly independently reviewed to ensure compliance.
Engagement and customer service are two of our strengths. We want the millions of people who visit our retail properties each year and thousands who work in our office and industrial buildings to gain the most from our assets. We annually conduct tenant and investor surveys to ensure what we do and how we do it exceeds expectations. Using the results, we set ourselves key areas for improvement and innovation.
ISPT works together with these corporate organisations:
ISPT promotes a culture that values and rewards ethical standards, community conscience and corporate integrity. The ISPT Community Fund supports and fosters relationships with a range of community organisations throughout Australia and the world. Our staff and Board members are actively involved in the Community Program and regularly donate their time and skills to these worthy endeavours.
ISPT is proud to support the following community based groups.
ISPT strives to be a leader of good practice in the Australian property industry. We actively participate and lobby in conjunction with industry associations to ensure our position is clearly articulated. All staff are encouraged to become advocates for issues such as minimising property taxation, navigating federal and state property legislation as well as best practice in asset management and sustainability.
ISPT is an active member of Australian property associations such as:
Click here to download ISPT's 2012 Annual Review
Click here to download ISPT's 2011 Annual Report
