Sustainability Sustainability

Vital’s Vision

Vital’s vision is to be the leading listed healthcare property fund in Australasia and to be a leader in Environmental, Social and Governance sustainability management, achieving sustainable unitholder returns in line with targets.

Ko ngā tahu ā ō tapuwae inanhi, hei tauira mō āpōpō.

The footsteps we lay down in our past create the paving stones on which we stand today.

Vital aspires to incorporate sustainability in all parts of its operations:

People

how we appoint, engage with, develop, protect and reward our employees and how we protect, support and engage with our tenants, patients and other building users as well as the communities in which we operate.

Practice

how we manage Vital across investor relations, fund management, asset management, risk management, finance, compliance, development and other functional areas.

Places

how we ensure Vital’s property portfolio responds to the needs and aspirations of our unitholders, tenants, patients and other building users as well the broader community and the health ecosystems in which we operate.

Interaction with Northwest

NorthWest Healthcare Properties is on a journey to connect more people and places with enduring possibilities, rooted in a deep commitment to a sustainable future.

We remain steadfast in our dedication to driving value for every stakeholder, leading with our focus on partnering with our tenants as we work with them to achieve better outcomes for their patients as sustainably as possible. By formalising our sustainability commitment, we will amplify our collective impact —empowering the growing ambitions of our partners, enabling the next generation of the workforce, and engaging in the sustainable evolution of healthcare.

Vital is a strategic investment for NorthWest REIT and represents 27% of NorthWest’s assets under management and 10% of assets on its balance sheet.

NWH released its first Sustainability Report for its global operations including Vital. Download the report below..

Measurement

Vital’s commitment to ESG is demonstrated through our participation in CDP (Carbon Disclosure Project) and GRESB (Global Real Estate Sustainability Benchmark) reporting.

We first participated in CDP reporting in 2020. We expect to utilise learnings from 2020 to improve reporting and metrics for 2021 which will be reported on in 2022.

Vital and NorthWest are participating in pilot GRESB reporting for the 2020 calendar year and will be publicly releasing results in 2022 for the 2021 calendar year.

Industry Leader

Vital is a member (Industry Leader) of the Property Council of New Zealand which enables the organisation and its manager, NorthWest, to gain insights into the sustainability trends that impact real estate while also providing the opportunity to collaborate with institutional real estate investors, owners and managers including attendance at the 2021 Green Building Summit.