ISPT is an active participant in the Australian property industry. Staff are encouraged to become advocates for best practice in asset management and sustainability. Environmental, social and corporate governance issues are central to ISPT’s investment decision-making approach.
ISPT’s ethical investment standards such as human rights, health and safety, local communities, and brand and reputation management are important to the way we do business. This ensures ISPT investments are not detrimental to our property and/or the surrounding built and natural environments or communities. The transparent nature of our relationship with shareholders and investors acts to ensure ISPT’s social conscience is of the highest standard.
In application, ISPT’s social considerations include, but are not limited to, the following:
- Working conditions of the janitorial/cleaning staff of the properties we own and manage;
- The Key Performance Indicators of the contracts between ISPT and the externally appointed property managers ensures ISPT’s environmental and social values are passed through to these organisations;
- On a corporate level, our aim to be an employer of choice providing a challenging, professional and family friendly working environment by actively promoting a healthy work-life balance.
Our social conscience is further demonstrated through our ‘Community Program’. Each year, members of the ISPT Board and staff are encouraged to nominate worthy organisations to receive donations to assist in their efforts to improve the social conditions of disadvantaged groups of people either within Australia, or abroad.
Although ISPT is not legally required to comply with the best practice recommendations of the Australian Stock Exchange (ASX) Corporate Governance Council (neither it, nor the Trusts it manages are listed on the ASX), ISPT still complies with their recommendations (to the extent applicable to our business) in terms of governance, reporting, transparency, and accountability for our investors, in order to maintain best practice.