ISPT first property company to partner with GBCA as a circular economy principal partner

ISPT is proud to announce its new partnership with Green Building Council Australia (GBCA) as the first property company to join as a circular economy principal partner.

With many working Australians having their retirement savings invested in property through ISPT, and an ongoing commitment to create better futures, reducing the impacts of climate change is a long-term priority for ISPT and its investors.

The built environment has a substantive opportunity to contribute to Australia’s growing circular economy. As part of this partnership, ISPT will work collaboratively with GBCA to use an innovation framework to rapidly explore, design and pilot circular strategies and tactics, inspiring the next generation of sustainable interiors. It’s an ambition ISPT Chief Sustainability Officer Steven Peters says can only come to life if we’re all in it together.

“The GBCA is at the forefront of driving sustainability outcomes across the built environment, and so, there was clear alignment to join the GBCA as a circular economy principal partner. As we worked through ISPT’s vision and roadmap, we recognised that we need to develop our capability and capacity, that we can’t do this on our own, and that we need a fresh approach,” says Steven.

Grainne Kearns, Chief Technology Officer, ISPT, says scalability is crucial as industry continues to adopt a circular approach,

“Our ISPT-designed innovation framework unlocks the ability to rapidly translate sustainable design practices and circular economy principles into tactical initiatives that can be rapidly tested and applied across the entire ISPT business. We look forward to actively contributing to the development of GBCA guidelines and case studies with valuable insights and outcomes.”

Taryn Cornell, Senior Manager Strategy and Development at GBCA agrees and says to spark industry-wide action towards a circular economy, a new way forward is necessary,

“This partnership is a chance to work and learn from each other. There is abundant potential to reduce waste and embodied carbon in existing buildings, refurbishments and fitouts. ISPT is showing how this can be done today.”

ISPT will actively contribute to the development of GBCA guides by sharing valuable insights and outcomes from pilot projects, showcasing successful examples of circular fit outs, shaping industry standards, and driving broader adoption of innovative, sustainable practices across the sector.

Pictured: 500 Bourke Street, the largest repurposing project to date in ISPT’s portfolio. Photography by Willem-Dirk du Toit