Thriving Partners
Preparing lasting tenant spaces for health and healing
Sustainability
Sustainability
Ehara tāku toa I te toa takitahi, engari he toa takitini.
My strength is not as an individual, but as a collective.
Whakataukī
Māori proverb
Future focus
Northwest is on a journey to connect more people and places with enduring possibilities, rooted in a deep commitment to a sustainable future. This journey includes all of the investment platforms it manages including Vital.
Vital remains steadfast in our dedication to drive 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.
Sustainability framework
Northwest released its first sustainability report in 2021 and subsequent in 2022 covering all of its operations including Vital which it manages.
SUSTAINABILITY
FRAMEWORK
Thriving Partners
Preparing lasting tenant spaces for health and healing
Healthy Planet
Deepening our contribution to a healthy planet
Strong communities
Investing in the communities we serve
Inclusive Company
Building for our current team members as well as our future employees
Enablers
- Sustainability governance and team
- Sustainability integration into investment processes
- Sustainable financing
- Green leases
- Reporting and disclosures
Healthy Planet
Deepening our contribution to a healthy planet
Strong communities
Investing in the communities we serve
Inclusive Company
Building for our current team members as well as our future employees
Enablers
- Sustainability governance and team
- Sustainability integration into investment processes
- Sustainable financing
- Green leases
- Reporting and disclosures
Sustainability Framework and Materiality
Sustainability Framework
In December 2021, Northwest released its first sustainability report covering all of its operations including Vital which it manages. As a result, Vital’s sustainability framework has now been updated to align with the Northwest framework.
This framework will continue to guide our efforts and investments as we grow, evolve, and define our future.
Materiality
Vital continuously assesses the issues and topics that our investors, stakeholders and employees find to be of importance. The completed materiality assessment provides context and direction to the broader ESG strategy.
Having completed a materiality assessment in 2021, we will look to reinforce these findings with a reassessment of materiality measures in 2024/2025 with key internal and external stakeholders.
These stakeholders included:
- Key Northwest executives notably Northwest’s President and Chief Administrative Officer
- Vital’s six largest institutional unitholders
- Representatives of retail unitholders notably the CEO of the NZSA and brokers from Forsyth Barr
- Key tenants (New Zealand and Australia)
- Largest debt providers in New Zealand
