PORT of Melbourne has ranked first among Australian and international ports in the 2023 Global Real Estate Sustainability Benchmark infrastructure asset assessment.

The port also received a five-star GRESB rating for the second consecutive year, scoring 99 out of 100.

The GRESB infrastructure asset assessment is an environmental, social and governance benchmark for infrastructure investments globally.

Port of Melbourne CEO Saul Cannon said the result recognised the port’s commitment to embedding sustainability in the business and its collaborative approach to working with the port supply chain and other stakeholders to progress sustainability initiatives.

“As a vital freight hub for south-eastern Australia, we have an opportunity to not only take action in our own operations but to lead and facilitate the decarbonisation of the supply chain,” Mr Cannon said.

“We have identified both traditional and collaborative areas where we can add value and are adapting our approach to do so – be it emissions reduction, stakeholder engagement, exploring alternative fuels or financing.

“This result highlights our comprehensive approach and our commitment to sustainability.”

Mr Cannon noted the port’s endorsement of a net-zero target for scope 1 and 2 emissions by 2030; it plans to source 100% renewable energy and electrify its vehicle fleet and marine survey vessel.

Port of Melbourne also completed a $475-million sustainability linked loan and is reusing and recycling materials in the Port Rail Transformation Project.

“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 said.