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    REA   AU000000REA9


Delayed Australian Stock Exchange  -  10:32 2022-11-30 pm EST
126.51 AUD   +2.60%
11/09Transcript : REA Group Limited - Shareholder/Analyst Call
11/08REA Group's Fiscal Q1 EBITDA Rises 7%; Shares Fall 5%
11/08Transcript : REA Group Limited, Q1 2023 Earnings Call, Nov 09, 2022
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

REA : Sustainability Report 2022

09/15/2022 | 07:30pm EST

Sustainability Report 2022

Changing the way the world experiences property

REA Group Ltd


  1. About REA Group
  2. 2022 Highlights
  3. CEO message
  4. Materiality assessment
  1. Strategic investments
  2. Hybrid working
  3. Governance
  4. Responsible and ethical business practices
  1. Data privacy and cyber security
  1. Innovation and technology
  1. Risk and resilience
  1. Social
  2. Diversity and Inclusion
  1. Talent attraction and retention
  1. Culture and values
  1. Experience and satisfaction - customer and consumer
  1. Product quality and service
  1. Housing affordability advocacy and industry leadership
  1. Environment
  2. Climate change

60 Global Reporting Initiative (GRI)

70 Independent Limited Assurance Report


About REA Group

REA Group Ltd ACN 068 349 066 (ASX:REA) is a leading digital property-centric business headquartered in Richmond Victoria, Australia, with more than 3,100 people working to change the way the world experiences property.



In Australia, REA Group Ltd and its subsidiaries ('REA Group' or 'REA') operates the leading residential and commercial property sites realestate. com.auand realcommercial.com. au, as well as a leading provider of property data services PropTrack. REA also operates the leading website dedicated to share property Flatmates.com.au, Mortgage Choiceand property research site, property.com.au.

In Australia, REA holds strategic investments in Simpology Pty Ltd, a leading provider of mortgage application and e-lodgement solutions for the broking and lending industries; Realtair Pty Ltd, a digital platform providing end-to-end technology solutions for the real estate transaction process, Campaign Agent Pty Ltd,

Australia's leading provider of Buy Now Pay Later solutions for the Australian real estate market and Managed Platforms Pty Ltd, an emerging Property Management software platform.

Internationally, REA Group holds a controlling interest in REA India, operator of established brands Housing.com, Makaan.comand PropTiger.com. REA Group also holds a 20% shareholding in Move, Inc., operator of realtor.comin the US, and the PropertyGuru Group Limited, operator of leading property sites in Malaysia, Singapore, Thailand and Vietnam.



Sustainability Report 2022 | REA Group Ltd



2022 Highlights

MSCI ESG rating

Hack Day

Our rating improved in FY22 to a 'AA',

REA Group's 40th Hack Day was held in June

classifying REA as a leader among the 25

2022, with one team taking out both the People's

companies in the interactive media and

Choice and Hack it Forward Award - 'Red Cross

service industry.

Rental Applications'.

Reconciliation Action Plan (RAP)

Diversity Council Australia

REA has partnered with Reconciliation Australia

Inclusive Employer 2021 - 2022

to begin developing our first Reconciliation

REA Group was named an Inclusive Employer

Action Plan (RAP).

for 2021 - 2022 by Diversity Council Australia,

following the Diversity & Inclusion Index we

completed in March 2022.

Great Place to Work

Launch Housing

REA Group was named Australia's fourth Best

In February we acknowledged seven years

Workplace for 2022 by Great Place to Work,

of partnership with Launch Housing and the

maintaining our 2021 fourth position and an

impact of the National Rapid Rehousing Fund,

increase from our 2019 position of sixth. REA

which has provided financial assistance to

India was also ranked 21st among India's 100 Best

more than 5,286 women and children since

Companies to Work For by Great Place to Work

its inception.

Institute (India).

Green Energy

Solar & LED

We moved to a GreenPower accredited

Our Church Street Richmond headquarters

renewable energy provider, Green Energy,

represents 70% of REA's total energy

across most REA locations in Australia.

consumption and to increase our energy

reduction, we've installed solar panels at

Church St and are in the process of replacing

all the lights in Church Street with LED lighting.

Key Metrics



Progress to target

MSCI ESG rating



Great Place to Work ranking



Carbon footprint

6331.39 tCO2e

7674.11 tCO2e

Scope 1 and 2

1,192.9 tCO2e

601.74 tCO2e

Scope 3

5138.49 tCO2e

7072.37 tCO2e

Taxes paid, collected and remitted



Employees who identify as females in tech

131 employees

189 employees

Grad hires



REA employees who identify as female (Aus & Ind) %



REA employees in Australia who identify as female %



REA employees in India who identify as female %



Employee Engagement participation



Employee Engagement score



Matched Payroll Giving




26 days

61 days

Employee community grants



Community Café



Advantage Community Grants



  1. FY22 was the first year REA India was a part of REA Group for the full reporting period
  2. REA India was not part of REA Group for the full reporting period of FY21
  3. REA Group did not undertake an Employee Engagement survey in FY22; the next survey is scheduled for FY23


REA Group Ltd | Sustainability Report 2022

CEO message

Over the past 12 months, we have remained committed to our Environment, Social and Governance (ESG) goals, with meaningful progress achieved in a number of key areas.


I am proud that our efforts have been recognised by Morgan Stanley Capital International (MSCI) with the Group receiving an improved ESG rating of

  1. Our ongoing commitment to a sustainable future is reflected in our FY23 Objectives and Key Results (OKRs) with our success to be determined by maintaining an MSCI ESG AA rating in the next financial year.

As we build a next generation sustainable organisation, our focus on Environment has expanded. Advancing our carbon footprint reduction plan, we recently installed solar panels at our headquarters in Richmond, Victoria. We have also moved to a GreenPower accredited renewable energy provider, Green Energy, across most REA locations in Australia.

Good governance is essential to the long-term performance of our organisation. In FY22, REA undertook a gap analysis to establish a roadmap in response to the Task Force on Climate Related Financial Disclosures (TCFD) recommendations. In line with the TCFD governance recommendations, the remit of the Executive Risk Committee (ERC) has been expanded to include climate related risks and opportunities to reflect its responsibility for keeping the Board (and Board Committees

as appropriate), informed on climate change related risks and opportunities from FY23.

Pleasingly, we were officially certified as a Great Place to Work 2022 for the second consecutive year. Known as the global authority on workplace culture, the Great Place to Work Best

Workplaces List ranked REA fourth for companies of more than 1,000 employees. REA India was also ranked 21st among India's 100 Best Companies To Work For by Great Place to Work Institute (India).

A critical part of our culture is our commitment to diversity and inclusion. This year, we partnered with Diversity Council Australia (DCA) to run our first Diversity and Inclusion Index to better understand the demographics of our people and their experiences of inclusion at work. We care about creating a safe working environment and are proud that REA was recognised as an Inclusive Employer 2021-2022.

This program of work was integral in identifying where to focus our efforts and will be used to inform new initiatives, including partnering with Reconciliation Australia to develop our first Reconciliation Action Plan (RAP) in 2023. The RAP will see REA embed the principles and purpose of reconciliation in the way we function, engage with our employees, and interact with the community and other organisations.

Our commitment to wellbeing extends beyond our employees. In response to elevated levels of burn out experienced by property managers during the pandemic, REA launched a new wellbeing platform 'Prosper' to actively help our customers support their people and improve mental health outcomes. Prosper is an online wellbeing centre of excellence that provides content and on-demand learning modules from leading

property management and mental health experts to equip our customers with the skills required to navigate these particularly changing times. Partnering with our customers beyond our product offering is driving positive industry change.

In February this year, we acknowledged seven years of partnership with Launch Housing. Launch Housing's National Rapid Rehousing Fund has provided financial assistance to more than 5,286 women and children since its inception. Aligned with our purpose, we believe that everyone deserves a safe place to sleep, every night, which is why we partner with leading homelessness organisations to ensure our financial and in-kind support is directed in the most impactful way.

REA has been on a journey of growth since the day our company was formed and it is our continued passion and drive to innovate that will help to create a sustainable future for our business, customers, consumers, the community and our shareholders.

We appreciate you taking the time to read our FY22 Sustainability Report and welcome any feedback via our mailbox:

  • sustainability@rea-group.com

Owen Wilson

Chief Executive Officer

REA Group




Sustainability Report 2022 | REA Group Ltd


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REA Group Limited published this content on 16 September 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2022 23:29:01 UTC.

ę Publicnow 2022
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