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UN Principles for Responsible Investment
Responsible Investment
We remain committed to responsible
investment practices through our
work with the Investor Group on
Climate Change and as a signatory
to the UN Principles for Responsible
Investment. Initially the principles
were sponsored by our Unlisted
Property Fund. However we now apply
these principles to the organisation’s
development and management of
properties and projects.
Principles
UN Principles for Responsible Investment
1. We will incorporate environmental, social and
governance (ESG) issues into the investment analysis
and decision-making process.
2. We will be active owners and incorporate ESG issues into
our ownership policies and practices.
Present
This past year, we have:
Developed and implemented a number of analysis, research
projects and decision-making tools, such as carbon abatement
cost curves and our project performance risk assessment tool.
Revised and aligned our CR&S strategy with our Residential,
Retirement Living and Commercial Property sustainability policies
and benchmarks. The policies inform our ESG investment analysis
and decision-making process.
3. We will seek appropriate disclosure on ESG issues by the
entities in which we invest.
Disclosed the environmental and social performance of our projects
and properties and engaged with our stakeholders through our
annual CR&S reporting.
4. We will promote acceptance and implementation of the
Principles within the investment industry.
Initiated engagement with our property peers and service providers
on the purpose of the principles and to promote ESG performance
indicators. We communicate our CR&S performance to our investors
as part of our bi-annual investor presentations.
5. We will work together to enhance our effectiveness in
implementing the Principles.
Continued to work with peers to develop ‘A Guide to Corporate
Responsibility in the Property Sector’ to encourage consistent
industry reporting metrics. We also became an Organisational
Stakeholder of the Global Reporting Initiative to support and enhance
the effectiveness of ESG principles and reporting frameworks.
6. We will report on our activities and progress towards
implementing the Principles.
We are committed to reporting on our progress in future
CR&S reports.
Stockland Corporate Responsibility & Sustainability Report June 2010
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