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

Vital Healthcare Property Trust owned Hospital

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.

Acknowledgement of Country

Northwest, as manager of Vital Healthcare Property Trust, acknowledges the Traditional Owners of Country throughout Australia, especially the lands on which we live and work, and recognises their continuing connection to lands, waters and communities.

We also acknowledge the Rangatiratanga of Māori as Tangata Whenua and Treaty of Waitangi partners in Aotearoa New Zealand.

We pay our respects to all First Nations peoples and to Elders past, present and emerging.

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

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