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FY10 key achievements and priorities
Past
Last year, we said we would:
Present
This past year, we have:
Results
Future
In the coming year, our priorities are to:
Further embed stakeholder engagement
plans for projects and business units to
support shorter approval times and manage
issues that are important to our stakeholders.
Streamline our CR&S approach to create
more consistency across our business units
and properties.
Implement community development
initiatives across Commercial Property
and Residential projects.
Continue to reduce the intensity of
greenhouse gas emissions and water use
across our Commercial Property assets.
Continue to assess climate change risk for our
projects, including possible sea level rise and
extreme weather events such as bushfires.
Received significant global and national recognition for our
sustainability performance. This included being listed in Corporate
Knights’ Global 100 Most Sustainable Corporations in the World,
scoring third in the newly established Global Environmental
Real Estate Index for listed property groups and being awarded
Ethical Investor’s Sustainable Company of the Year.
Worked closely with Group Risk, Group Strategy, Human Resources
and Corporate Affairs to strengthen the consistency of our CR&S
approach across the organisation.
Commenced aligning and integrating environmental data collection
systems across the business, including the transfer of greenhouse gas
data collection to our finance teams and the integration of Residential,
Retirement Living and Commercial Property environmental data
collection into one system.
Rolled out stakeholder engagement plans across all of our projects.
Launched sustainability strategies and policies across our business
units: Retirement Living, Residential and Commercial Property
(operational and development). These strategies were created in
alignment with the revised Group CR&S strategy.
Allocated dedicated resources to community development in our
Commercial Property and Residential businesses. Revised our
Residential community development approach and toolkits.
Reduced emissions by 7 per cent across our office portfolio, however
we increased our emissions by 2 per cent across our retail portfolio.
Incorporated our Residential and Retirement Living greenhouse gas
emission data into our Climate Change Action Plan tool. Confirmed
our Commercial Property carbon targets with our evidence-based
target-setting tool.
Completed climate change risk assessment for our Residential and
Retirement Living assets in relation to sea level rise and bushfires.
FY10
Achievement
FY10
Priority
FY10
Priority
Achieved
outcome
Achieved
outcome
Achieved
outcome
Ongoing
Achieved
outcome
> Improve how we communicate our approach to sustainability so that
we increase awareness of our areas of focus, achievements and our
position on key issues.
> Continue to take a collaborative approach in the annual review of our
CR&S strategy and identification of material sustainability issues.
> Complete the transfer of responsibility for greenhouse gas data
collection from our sustainability teams to our group and business
unit finance teams.
> Continue to improve and broaden our greenhouse gas emission data
collection and reporting systems.
> Continue to improve the quality of stakeholder engagement at regional
and asset level, and realise the benefits of this approach.
> Focus on translating our group and business unit sustainability strategies
into day-to-day business actions. Particular emphasis will be placed on
sustainability performance and innovation at an asset level.
> Deliver training and awareness programs across the organisation to
ensure that we deliver on our commitments at both a corporate and
project level.
> Refine our Commercial Property and Residential community
development approach, and realise tangible outcomes on our projects.
> Launch aligned Retirement Living and Commercial Property community
development toolkits.
> Deliver on our five year greenhouse gas emission and energy use
intensity reduction targets:
• reducing our greenhouse gas emissions and energy use intensity
across our Commercial Property portfolio by 20 per cent from
FY09 to FY14,
• attaining a 4.5 Star average NABERS Office Energy rating for our
office portfolio by FY14.
> Develop greenhouse gas targets for our Residential and Retirement
Living business units.
> Develop a Distributed Energy strategy setting out a pathway for low
carbon and renewable energy (generation and supply) for our existing
assets and development projects.
> Assess climate change risk for our Commercial Property assets.
Stockland Corporate Responsibility & Sustainability Report June 2010
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