For the third year, Perennial has continued its partnership with One Tree Planted, an environmental non-profit organisation focused on global reforestation, to further our commitment to sustainability and extend ESG integration within our corporate strategy.
For the third consecutive year, a tree will be planted for every incremental direct client of Perennial as at 30 June 2023, including our investment boutique partner, Daintree Capital. This initiative will contribute to the revegetation of Marna Banggara, South Australia in Point Pearce, Yorke Peninsula. The site is located on an Indigenous Protected Area (IPA) and managed by Traditional owners of the land, the Narungga people. This project will restore native vegetation and increase landscape connectivity within Yorke Peninsula, and provide important habitat for numerous threatened species including the Southern Hairy Nosed Wombat (Lasiorhinus latifrons). The project site will be revegetated with Eucalyptus porosa Mallee Box woodland.
Our partnership with One Tree Planted is one of several sustainability initiatives undertaken by Perennial. Recognised as a Responsible Investment Leader by the Responsible Investment Association Australia (RIAA) in 2020, 2021 and 2022, we constantly strive to improve our corporate strategy in relation to sustainability. Since 2019, we have been an active supporter of Climate Action 100+, a collaborative investor-led engagement group that seeks to ensure the world’s largest corporate greenhouse gas emitters take critical action on climate change. A longstanding supporter of the Task Force on Climate Related Financial Disclosures (TCFD), we also encourage companies to report under the valuable framework. In October 2021, Perennial also became a carbon neutral company for its corporate greenhouse gas emissions and in 2022 we achieved Climate Active certification.
