The parent company of Australia’s biggest property portal Realestate.com.au has committed to operate as a carbon-neutral entity. REA Group, which also incorporates leading property portals in Southeast Asia including iProperty, rumah123 and 99.co, has already undertaken a detailed analysis to determine the company’s current carbon footprint and aims to fully offset this and become carbon neutral by Q3 of FY21.
REA’s commitment comes as part of its first climate change policy and coincides with the company’s sustainability report for 2020. Speaking about the policy, Group CEO Owen Wilson said:
“REA is committed to understanding how the property sector can mitigate the risks of Climate Change and leverage opportunities to help our customers and consumers make smart sustainable property decisions,”
“Our aim is to put REA and our customers in the best position to succeed in a low-carbon future and our organisation’s new commitment to achieve net zero emissions is a promising start. We look forward to continually improving our sustainability performance and playing our part in creating positive change in the industry, community and the environment in which we operate.”
The move by the Melbourne-based company comes hot on the heels of Zillow’s move to accept ‘The Board Challenge’ and hire Claire Cormier Thielke. Increasingly it seems that large portal companies are being seen to do the right thing and be guided by a more inclusive and responsible approach to corporate governance.