Mirvac Group
Industry Group: Real Estate
Country/Region: Australia
Identifier: ASX:MGR
Mirvac started off as a residential property developer and over time expanded into property investment, funds management, and commercial property development. Investment is the major earnings driver, generating about two thirds of group earnings. The investment portfolio, by book value, is made up of 60% office, 20% retail, 15% industrial and the rest is build-to-rent and land lease assets. Longer-term, Mirvac aims to increase exposure to the industrial and living sectors and own fewer offices and retail centers. Development income is volatile and was around a third of fiscal 2024 group earnings. Besides developing apartments and houses, which Mirvac is best known for, it is also involved in commercial and mixed-use precinct developments.
ESG Risk Rating
Ranking
Industry Group (1st = lowest risk)
Real Estate 91 out of 996
Universe
Global Universe 350 out of 14951
What are the ESG Risk Ratings?
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Industry Comparison
| Company | ESG Risk Rating | Industry Rank |
|---|---|---|
| Mirvac Group |
10.3
Low
|
91 out of 996 |
| Nomura Real Estate Holdings, Inc. |
16.3
Low
|
421 out of 996 |
| Tokyu Fudosan Holdings Corp. |
17.5
Low
|
507 out of 996 |
| Shanghai Lujiazui Finance & Trade Zone Development Co., Ltd. |
27.6
Medium
|
940 out of 996 |
| Shanghai Zhangjiang Hi-Tech Park Development Co., Ltd. |
29.4
Medium
|
969 out of 996 |
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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.
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.
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Top Material ESG Issues for Mirvac Group
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What are Material ESG Issues?
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 Mirvac Group's ESG Risk Rating in the last three years
Highest Controversy Level
Contributing Events
Highest Controversy Events Locations
