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Climate and our environment – progress 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:
Energy and climate change
Attain a 4.5 Star average NABERS Office
Energy rating for our Office portfolio by FY14.
Continue to invest in energy efficiency across
assets, achieving a balance between targeting
the most cost-effective initiatives and piloting
emerging technology with long-term potential.
Continue to advocate and participate in
market-based mechanisms designed to
encourage and reward energy efficiency.
Achieved a NABERS Office Energy average across the portfolio of
3.6 Stars – an increase of 0.2 in a year of limited capital expenditure.
Commenced rating our retail centres with the new NABERS Retail
Energy and Water tool.
Our Commercial Property business developed more rigorous
targets to help determine and guide our medium-term performance.
We trialled retail sub-metering, LED lighting in office assets and
entered into agreements to complete building tuning to improve
energy management.
Contributed to the development of the NABERS Retail tool and
trained our key employees on applying the tool.
Sponsored the development of the Green Star Community
Development tool.
On track for
target
Ongoing
Achieved
outcome
> Make progressive capital expenditures across our office portfolio
towards our greenhouse gas emissions and energy efficiency targets:
• reducing our greenhouse gas emissions and energy use 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.
> Continue to test the NABERS Retail tool.
> Consider broader application of LED lighting. Commence building tuning
on several assets.
> Expand the capability of our Climate Change Action Plan tool to track
the eco-efficiency performance of assets against our target FY14 target.
> Continue to contribute to the discussions and development of marketbased
mechanisms that encourage low carbon, sustainable property.
> Provide energy efficiency training to our retail tenants.
> Expand and strengthen our green lease clauses in standard leasing
contracts across our Commercial Property portfolio.
> Develop a Distributed Energy Strategy addressing the supply and
generation of low carbon and renewable energy for our operational
and development sites.
> Continue to review our energy and carbon metrics in response to
feedback from our business, analysts and other stakeholders, reflecting
current and emerging regulatory reporting requirements and improving
our capacity to better monitor and manage our assets.
> Develop climate change management action plans for relevant projects
in our Residential and Retirement Living businesses.
Expand our work with suppliers and tenants
on energy efficiency.
Reduce greenhouse gas emissions intensity
and energy use intensity (per m 2 ) across our
Commercial Property portfolio by 20 per cent
by FY14.
Expanded our office green leases to cover approximately 20 per cent
of our net lettable area.
Administered over 850 green leases with retail tenants.
Facilitated several energy audits for tenants in retail and office assets
to share knowledge and reduce impacts.
Received government support to deliver online sustainability training
for our retail tenants and centre management teams.
Attained mixed results for greenhouse gas emissions intensity across
our Commercial Property business. Our retail portfolio emissions
intensity increased 2 per cent. This result has been more than offset
by the 7 per cent emissions intensity reduction in our office portfolio.
Achieved
outcome
On track for
target
Stockland Corporate Responsibility & Sustainability Report June 2010
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