Cromwell Property Group
Industry Group: Real Estate
Country/Region: Australia
Identifier: ASX:CMW
Cromwell Property Group is an internally managed Australian real estate investment trust. It owns a property portfolio of mostly Australian offices, and also develops and manages properties on behalf of third-party investors in Australia and New Zealand. The group has sold or is in the process of selling its European business in 2024, and once complete, Cromwell's gearing should reduce substantially. This additional financial strength means the business could shift in a variety of directions. Management intends to provide more info at its August 2024 results about possible capital management initiatives. It previously contemplated spinning its office assets into a separate REIT. This remains a possibility but might require an improvement in office market conditons first.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 82 out of 1030
Universe
Global Universe 315 out of 16009
What are the ESG Risk Ratings?
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Industry Comparison
Company | ESG Risk Rating | Industry Rank |
---|---|---|
Cromwell Property Group |
9.4
Negligible
|
82 out of 1030 |
Abacus Group |
9.5
Negligible
|
85 out of 1030 |
Lar España Real Estate SOCIMI SA |
11
Low
|
155 out of 1030 |
Axis Real Estate Investment Trust |
12.2
Low
|
219 out of 1030 |
Summit Hotel Properties, Inc. |
16.2
Low
|
475 out of 1030 |
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Our Approach to Calculating ESG Risk
The ESG Risk Ratings measure a company's exposure to industry-specific material ESG risks and how well a company is managing those risks.
Exposure
Exposure refers to the extent to which a company is exposed to different material ESG issues. Our exposure score takes into consideration subindustry and company-specific factors such as its business model.
Cromwell Property Group's Exposure is Low
Management
Management refers to how well a company is managing its relevant ESG issues. Our management score assesses the robustness of a company's ESG programs, practices and policies.
Cromwell Property Group's Management of ESG Material Risk is Strong
How do the ESG Risk Ratings work?
Top Material ESG Issues for Cromwell Property Group
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Material ESG issues are issues that are considered to be financially material to a given company in a relevant sub-industry.
Controversy Rating
Highest Controversy level that has impacted Cromwell Property Group's ESG Risk Rating in the last three years
Highest Controversy Level