Download PDF - Stockland

Climate and our environment – progress and priorities (continued)
Past
Last year, we said we would:
Present
This past year, we have:
Results
Future
In the coming year, our priorities are to:
Pilot emerging technology and capture
lessons learned to inform the business case
for wider application across our operations.
Piloted emerging wind technology with varying success.
Commissioned a review into the future application of tri-generation
technology, after the successful application of the technology at
our Head Office in Sydney for one year.
Achieved
outcome
Seek feedback on the effectiveness of our
energy and carbon metrics.
We have engaged with environmental, social and governance (ESG)
analysts over the past year on our energy and carbon metrics and
performance. Feedback confirmed that we have adopted the metrics
that are of most interest to analysts, including NABERS, Green Star
and intensity (energy use and greenhouse gas emissions per m 2 net
lettable area/gross lettable area).
Achieved
outcome
Implement plans to mitigate potential risks
of climate change. Continue to research
emerging risks.
Completed further reviews of risks from bushfire, flooding, storm
surge and possible sea level rise on Residential and Retirement
Living assets.
Developed recommendations for high-risk sites for flooding, storm
surge and possible sea level rise and required all new acquisitions
to consider flooding, bushfire and potential sea level rise.
Ongoing
Water
Reduce water use intensity across our
Commercial Property portfolio by 10 per cent
by FY14.
Attain a 4.0 Star NABERS Office Water rating
for our office portfolio by FY14.
Include water reporting requirements in the
monthly Residential and Retirement Living
contractor Health, Safety and Environment
(HSE) reports and improve the accuracy of
data collected for our direct activities.
We attained mixed results for water use intensity across our
Commercial Property business. Our retail business increased its water
use intensity 13 per cent. This was marginally offset by a 9 per cent
water use intensity reduction across our office portfolio.
Maintained our average NABERS Water rating of 3.6 Stars.
Installed smart meters and participated in the Sydney Water
BizFix program.
Included water reporting requirements in the monthly HSE reporting
for Residential and Retirement Living contractors.
Completed two rounds of data collection in FY10 for our direct
Residential and Retirement Living water consumption.
On track for
target
On track for
target
Ongoing
> Make progressive capital expenditures across our office portfolio
towards our water efficiency targets of:
• reducing our water intensity across our Commercial Property
portfolio by 10 per cent by FY14,
• attaining a 4.0 Star average NABERS Office Water rating for our
Office portfolio by FY14.
> Focus on operational efficiencies and maintain minimum standards
as set out in Commercial Property’s sustainability policy.
> Develop best practice case studies to help our Projects and
Development Managers to continue to improve their capabilities.
> Test the feasibility of, and aim to trial, a significantly innovative Water
Sensitive Urban Design initiative on at least one project. We will research
and set metrics which will then be trialled on a number of projects.
72
Stockland Corporate Responsibility & Sustainability Report June 2010