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Mirvac Group

PRI reporting framework 2019

You are in Organisational Overview » Basic information

Basic information

OO 01. Signatory category and services

01.1. Select the services and funds you offer

Select the services and funds you offer
% of asset under management (AUM) in ranges
Fund management
Fund of funds, manager of managers, sub-advised products
Other

Please specify

          Mirvac Group is an ASX listed, integrated, diversified property group comprising an investment portfolio and development business.
        
Total 100%

Further options (may be selected in addition to the above)

01.2. Additional information. [Optional]

With more than 40 years’ experience in the Australian development and construction industry, Mirvac create, own, and manage a diverse portfolio of assets across the office, retail, industrial and residential sectors. Our point of difference is that our integrated business model enables us to bring a range of skills to a development or acquisition opportunity. These skills span across design, construction and asset management.

Our whole business strategy is built on three key foundations; being integrated, diversified and focused. Mirvac is focused on maximising the benefits of our integrated model and leveraging our competitive advantage in each of the sectors we operate in - office, retail, industrial and residential. By maintaining a core capability across these four sectors, Mirvac is able to deliver an appropriate balance of passive and active assets and can also unlock complex urban multi-use opportunities.

Business Strategy 

  • Focused: deploying capital with discipline and delivering on our promises, with a strong focus on our customers. 
  • Diversified: maintaining an appropriate balance of passive and active invested capital through  cycles, and retaining capability across the office and industrial, retail and residential sectors. 
  • Integrated: leveraging our integrated model to create, own and manage quality Australian assets. 

Our Sustainability Strategy

Launched in 2014 and then refreshed in 2018, This Changes Everything (TCE) is Mirvac’s plan for a sustainable future. It comprises of six interconnected areas of focus: natural resources, climate change, social inclusion, our communities, trusted partner and our people. Under each area is a long-term mission, supported by several more immediate commitments.

In FY18, Mirvac had another great year - delivering over 1 MW of renewable energy installed at our sites as part of our net positive commitments and by Mirvac Energy; and investing over $3million in our communities. In terms of resource efficiency, our carbon intensity has reduced by 21% and water intensity by 22% (from a 2014 baseline).


OO 02. Headquarters and operational countries

02.1. Select the location of your organisation’s headquarters.

Australia

02.2. Indicate the number of countries in which you have offices (including your headquarters).

02.3. Indicate the approximate number of staff in your organisation in full-time equivalents (FTE).

1591 FTE

02.4. Additional information. [Optional]

  • The majority of staff are based in NSW at Mirvac's Sydney head office and sites.

  • Mirvac have offices in 4 capital cities across Australia (Sydney, Brisbane, Perth and Melbourne).

  •  Geneder breakdown of staff - 41% female and 59% male.  


OO 03. Subsidiaries that are separate PRI signatories

03.1. Indicate whether you have subsidiaries within your organisation that are also PRI signatories in their own right.

03.3. Additional information. [Optional]


OO 04. Reporting year and AUM

04.1. Indicate the year end date for your reporting year.

31/06/2018

04.2. Indicate your total AUM at the end of your reporting year.

Include the AUM of subsidiaries, but exclude advisory/execution only assets, and exclude the assets of your PRI signatory subsidiaries that you have chosen not to report on in OO 03.2
Total AUM
trillions billions millions thousands hundreds
Currency
Assets in USD
trillions billions millions thousands hundreds

04.4. Indicate the total assets at the end of your reporting year subject to an execution and/or advisory approach.

04.5. Additional information. [Optional]


OO 06. How would you like to disclose your asset class mix

06.1. Select how you would like to disclose your asset class mix.

Internally managed (%)
Externally managed (%)

 

Listed equity 0 0 0 0
Fixed income 0 0 0 0
Private equity 0 0 0 0
Property >50% 100 0 0
Infrastructure 0 0 0 0
Commodities 0 0 0 0
Hedge funds 0 0 0 0
Fund of hedge funds 0 0 0 0
Forestry 0 0 0 0
Farmland 0 0 0 0
Inclusive finance 0 0 0 0
Cash 0 0 0 0
Money market instruments 0 0 0 0
Other (1), specify 0 0 0 0
Other (2), specify 0 0 0 0

06.2. Publish asset class mix as per attached image [Optional].

06.3. Indicate whether your organisation has any off-balance sheet assets [Optional].

06.5. Indicate whether your organisation uses fiduciary managers.

06.6. Provide contextual information on your AUM asset class split. [Optional]


OO 07. Fixed income AUM breakdown (Not Applicable)


OO 08. Segregated mandates or pooled funds (Not Applicable)


OO 09. Breakdown of AUM by market

09.1. Indicate the breakdown of your organisation’s AUM by market.

100 Developed Markets
0 Emerging Markets
0 Frontier Markets
0 Other Markets
Total 100% 100%

09.2. Additional information. [Optional]


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