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Mirvac Group

PRI reporting framework 2020

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 48 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 and provides us with an appropriate balance of active and passive income.

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. By maintaining a core capability across these four sectors and applying our skills across design, construction and asset management, Mirvac is able to deliver a competitive advantage and 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 focus areas: climate change, natural resources, social inclusion, our communities, trusted partner and our people. Under each focus area is a long-term target, supported by short-to-medium-term commitments.

In FY19, Mirvac had another great year in terms of its ESG performance. Key highlights included releasing Planet Positive, Mirvac’s plan to be net positive carbon by 2030; more than quadrupling its community investment (off an FY17 baseline); reducing carbon intensity by a further 3.6% and water intensity by a further 2.3%; and achieving high sustainability ratings at its office assets, with the portfolio now boasting four 6 Star Green Star Performance rated buildings, along with three 6 star, two 5.5 star  and seven 5 star NABERS Energy rated buildings, making it one of the greenest portfolios in Australia.


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).

1540 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 four capital cities across Australia (Sydney, Brisbane, Perth and Melbourne).

  • Gender breakdown of staff 43% female and 57% 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.

30/06/2019

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 assets which are subject to an execution and/or advisory approach. Provide this figure based on the end of your reporting year

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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