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Our approach Our vision is to create a world class diversified property group that is responsive to the interests of stakeholders and environmental impacts. 14 Stockland Corporate Responsibility & Sustainability Report June 2010 Our approach 14 Our reporting approach 15 Corporate Responsibility & Sustainability strategy 17 Our CR&S strategy 17 Residential sustainability policy 18 Retirement Living sustainability policy 19 commercial Property sustainability policy 20 un Principles for Responsible Investment 21 Stakeholder engagement 22 our key stakeholders 22 our approach to stakeholder engagement 23 Stockland UK 28 uk Approach 28 Business climate 28
Doing the right thing as a property owner, manager and developer is about dealing with risk, seeking opportunities and creating long-term value for our investors. It’s about balancing the needs and interests of our stakeholders. Our approach to Corporate Responsibility and Sustainability (CR&S) follows five enduring strategic themes: • Understanding and engaging with our stakeholders, • Engaging our people, • Engaging our investors, customers, suppliers and partners, • Strengthening our place within the community, • Reducing our impact on the environment, including identifying and responding to the risks and opportunities associated with climate change. CR&S Governance CR&S Board Committee Our CR&S Board Committee assists the Board to oversee our commitment to operate our business ethically, responsibly and in a sustainable way. The Committee met four times during FY10. The following Directors were members of the Committee at the close of the financial year: • Mr N Greiner (Chair) – Non-Executive Director, • Mr G Bradley – Non-Executive Director, • Mr B Neil – Non-Executive Director, • Mr M Quinn – Managing Director. Internal reporting A monthly CR&S report is submitted to the Executive Committee and to the Board. Additionally, all major stakeholder issues are reported at Board and Executive Committee level. CR&S Employee Committee Our CR&S Employee Committee was formed in 2004 and meets every two months to track progress against the CR&S strategy. The Committee is chaired by the General Manager of CR&S and its members include our National Sustainability Managers, as well as representatives working in Group Risk, Group Strategy, Procurement, Government Relations, Stakeholder Engagement, Health, Safety and Environment, and Human Resources, as well as operational roles including Development Management. OUR REPORTING APPROACH About this report This is our fifth annual CR&S report and covers our performance in the financial year 1 July 2009 to 30 June 2010. It follows our CR&S report 2009 which covered our previous financial year, ending 30 June 2009. This report explores how we see our responsibilities to our stakeholders and to the environment. It outlines our CR&S strategy and business unit policies, and how we performed against targets we set in our 2009 report. We highlight our achievements and share the ongoing and emerging challenges we face. We developed our report in a highly collaborative manner. Following extensive consultation, over 60 employees contributed data, case studies and discussion of our performance to our online wiki and environmental data management system. The use of these online tools enabled people from across the organisation to contribute. Our CR&S team then reviewed and co-ordinated the editing of the wiki content, prior to and during the assurance process. Each year we aim to make our report more accessible to those people who have an interest in the operations of our organisation. With this in mind we communicate our performance through different formats: • Our online CR&S Report provides our stakeholders an easily accessible and interactive version of the report: www.stocklandsustainability.com.au • The downloadable PDF version of this report is specifically for those seeking full documentation of our performance, for example environmental, social, governance (ESG) analysts. • Summary information from the report forms part of our Shareholder Review 2010 distributed to our securityholders. • Our Financial Report 2010 completes our suite of annual reports. Stockland annual reporting 2010 Shareholder Review Financial Report 2010 30 JUNE 2010 Financial Report CR&S Report Property Portfolio 2010 30 JUNE 2010 Property Portfolio Stockland Corporate Responsibility & Sustainability Report June 2010 15
Page 1 and 2: Corporate Responsibility & Sustaina
Page 3 and 4: stockland CR&S Board Committee We a
Page 5 and 6: FY10 key achievements and prioritie
Page 7 and 8: Memberships To promote sustainabili
Page 9 and 10: Our business What We Do We have a l
Page 11 and 12: Our Value Chain We own, manage and
Page 13: Key financial results Underlying pr
Page 17 and 18: Common Practices and Values Corpora
Page 19 and 20: Retirement Living Sustainability Po
Page 21 and 22: UN Principles for Responsible Inves
Page 23 and 24: Our approach to stakeholder engagem
Page 25 and 26: CASE STUDY Building better communit
Page 27 and 28: CASE STUDY Engaging our retailers -
Page 29 and 30: Stockland UK - progress and priorit
Page 31 and 32: Our people - progress and prioritie
Page 33 and 34: We are committed to acting on feedb
Page 35 and 36: CASE STUDY Parental transitions pro
Page 37 and 38: CASE STUDY Safe Work Week at Stockl
Page 39 and 40: CASE STUDY Gateway asset management
Page 41 and 42: Employee metrics All employee metri
Page 43 and 44: Employee turnover During the report
Page 45 and 46: Our marketplace - progress and prio
Page 47 and 48: Our marketplace comprises our relat
Page 49 and 50: CASE STUDY CSR 5 Star Green Star in
Page 51 and 52: CASE STUDY Housing affordability Ex
Page 53 and 54: In recognition of the need to conti
Page 55 and 56: Over the past year we have enhanced
Page 57 and 58: CASE STUDY Framing energy efficienc
Page 59 and 60: CASE STUDY EnviroDevelopment at Poi
Page 61 and 62: Our community - progress and priori
Page 63 and 64: Community development Our community
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Stakeholder engagement As outlined
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CASE STUDY Dress for Success Stockh
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Measuring Community Investment We u
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Climate and our environment - progr
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Climate and our environment - progr
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CASE STUDY Retirement Living solar
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We will continue to strive for lead
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Total Scope 3 (kgCO 2 -e) FY10 FY09
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Our energy consumption Purchased el
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Our natural environment Biodiversit
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CASE STUDY Our ‘Green Office Fito
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Residential and Retirement Living w
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CASE STUDY 2 Victoria Avenue - Flag
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CR&S 2010 Nabers Ratings NABERS Off
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CR&S 2010 GRI Index Global Reportin
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GRI indicator 4. Governance, commit
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GRI indicator Responded to in FY10
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GRI indicator Society indicators Co
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Independent Assurance Statement Sto
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Banarra identified the following ar
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