This model, our financial strength and exceptional track record provide a point of difference we believe few can match.
To steer our presence we apply our gateway cities lens.
To leave a legacy people care about, and to be an organisation people want to work with and for, we manage and measure our impact and the value we create in five focus areas: Health and Safety, Financial, Our Customers, Our People and Sustainability.
We’re proud of our heritage, and as we’ve done for the past 61 years, we strive to learn, to continue to embed innovation in our work, and to lead.
As we expand our footprint and expertise, we look to share our learnings so cities and communities beyond our work benefit too.
Our approach is disciplined and underpinned by a strong risk management and governance framework.
The result is a business that creates positive economic outcomes, as well as safe and sustainable ones, for our customers, partners, securityholders and the community.
Today, 55 per cent of the world’s population lives in urban areas, and that’s expected to increase to 68 per cent by 2050. The human shift from rural to urban areas, combined with the overall growth of the world’s population, could add another 2.5 billion people to urban areas by 2050 (1).
Global infrastructure spending is estimated to rise to an average of US$5.1 trillion per year between now and 2035. (2)
Global assets under management are forecast to rise from US$85 trillion in 2016 to US$145 trillion by 2025 (4).
Climate change and society’s response to it are now widely recognised as foundational drivers of risk and opportunity within the global economy (7).
Internationally, the number of people aged 60+ is projected to grow three times faster than the overall population (2.4% vs 0.8% p.a.) between 2015 and 2050 (6).
1. World Urbanization Prospects: The 2018 Revision, United Nations.
2. Includes the San Francisco Bay Area project c.$20 billion secured post balance date.
3. McKinsey Global Institute: Bridging Infrastructure Gaps – Has the World Made Progress? October 2017. Includes some internal calculations.
4. Asset & Wealth Management Revolution: Embracing Exponential Change, PwC 2017.
5. IDC’s DataAge 2025 - The Digitization of the World.
6. World Population Prospects: The 2017 Revision, United Nations.
7. Ref: https://www.apra.gov.au/sites/default/files/climate_change_awareness_to_action_march_2019.pdf