Barwon Investment Partners (Barwon) is committed to enhancing the sustainability of its assets, funds and business. NDY’s sustainability team was engaged in 2022 to undertake a GRESB gap assessment of the Barwon Institutional Healthcare Property Fund (BIHPF) as well as a Green Star Performance gap assessment of 12 key assets.
The fund comprises a portfolio of Australian healthcare assets including hospitals, private specialist facilities, day surgeries and medical centres and ancillary healthcare assets and is the first healthcare fund to be awarded a Green Star rating.
The aim was to assist Barwon to improve the GRESB performance of its BIHPF and the Green Star performance of its assets. This work involved:
- Reviewing 2022 performance
- Identifying key priority areas to enhance performance
- Providing recommendations on how to implement the identified opportunities.
Following the successful completion of these projects, NDY was engaged to deliver other sustainability services at an organisational, fund or asset level. This includes:
- Green Star support – completing the Year 1 Green Star audit of the rated portfolio, ensuring the current green building rating was maintained and achieving an increased score from 31 to 35 points, as well as supporting the implementation of the Green Star Performance rating tool across further assets and conducting a Green Star Performance v2 gap analysis.
- Technical audit – conducting a detailed review of building asset metering systems and data as well as recommendations for improvement.
- GRESB support – completing the 2023 GRESB submission for the BIHPF which led to a significant improvement of 19 points, well beyond the year two GRESB improvement average of 10 points, and the subsequent 2023 GRESB gap assessment to provide recommendations to continue enhancing performance.
- ESG strategy support – assessing Barwon’s environmental, social and governance (ESG) performance versus that of its peers, conducting a materiality assessment which included stakeholder engagement, providing recommendations, and developing an ESG strategy to prioritise ESG efforts going forward.
“Barwon values NDY’s comprehensive advisory services and team that are specialists in the built environment, sustainability and ESG. They work collaboratively with us and support us in enhancing performance at the asset, fund and organisational level.”
Tom Patrick, Head of Healthcare Property, Barwon Investment Partners
Project Details
Services:
Sustainability
Market Sector:
Health & Sciences
Client: Barwon Investment Partners
Completion: 2022 - Ongoing
Location:
Australia
