PORT of Melbourne has received a five-star rating from the Global Real Estate Sustainability Benchmark (GRESB).

GRESB is a global benchmarking tool that ranks organisations based on their environmental, social and governance performance over time and in comparison with other participants.

Port of Melbourne CEO Saul Cannon said the result reflects the port’s increased commitment to sustainability.

“We’re working towards a more sustainable port for the benefit of the Australian economy and liveability of Melbourne,” Mr Cannon said.

“Sustainability is important to support the port’s efficient 24/7 operations and grow the port to meet the increasing trade requirements of south-eastern Australia.”

Mr Cannon expects the achievement to ensure Port of Melbourne can deliver its development strategy line with the expectations of the community, government and other businesses.

“We are embedding sustainability objectives into the infrastructure development projects we have underway to ensure environmental and social considerations are factored in at an early stage,” he said.

Port of Melbourne is one of four Australian ports recognised for sustainability in the latest round of GRESB results.

GeelongPort, Port of Newcastle and Port of Brisbane were also commended for their ESG performance this year.