Sustainability at Stockland

Stockland was founded in 1952 with a vision to ‘not merely achieve growth and profits but to make a worthwhile contribution to the development of our cities and great country’. It is this recognition, that business has more to offer society than profits alone that has seen us endure.

As a real estate owner, manager and developer, we believe that we have both the opportunity and the responsibility to create the right balance of social, environmental and economic conditions for our communities, customers and investors now and in the future. Our sustainability strategy focuses on this opportunity to deliver shared value; that is deliver economic value in a way that also creates value for society by addressing its needs and challenges.

We have clear strategic priorities to support our growth and deliver returns for our investors. Our sustainability strategy unites these priorities with a view to the future and our vision: To be a great Australian property company that makes a valuable contribution to our communities and country.

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Our goal is to create and shape communities that thrive now and into the future.

By facilitating healthier living, promoting community connection and providing lifelong learning opportunities we will help to shape places where our customers want to live, work and shop.

By increasing customer satisfaction, we increase the likelihood of customer referrals and thereby increase our customer base and asset returns.

Our liveability research which measures customer satisfaction and helps us identify elements that make communities thrive, indicates that the below elements contribute most to liveable communities.

Focus Areas

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We aim to enhance the value we create by forming positive relationships.

Enriching our value chain is about how we manage our risks while working with our employees, our suppliers and other key partners.

When we work in collaboration with our stakeholders, our outcomes are strong and relationship prosperous.

Focus Areas

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We aim to provide business solutions that better serve our customers while reducing our impact on the environment.

As a real estate developer and manager, we are always looking for smarter and more efficient ways to develop and operate our assets. We are committed to creating resilient assets and communities that can flourish with adaptive and responsive design.

Our customers want to run their homes and businesses cost effectively, but also appreciate a connection to the natural environment.

Focus Areas

Our Vision
‘To be a great Australian real estate company that makes a valuable contribution to our communities and our country’
Click on each focus area in the strategy diagram to explore

Additional Documentation

Sustainability Awards

Health and wellbeing

We seek to ensure our communities can access fresh, healthy food and participate in active living practices. Our commitment to the health and wellbeing is supported by research that illustrates the value communities place on parks, open spaces and recreational infrastructure and a feeling of safety within their communities.

To ensure we shape communities that thrive now and into the future we aim to:

  • All of our residential and retirement living communities to score above the Australian national average National Wellbeing Index by FY17.
Parkrun at our North Lakes residential community, Queensland
Community Connection

Stockland’s community development program seeks to support greater community connection by fostering self-sustaining social cohesion. Infrastructure that supports community connection includes community centres, hubs, public art, place making initiatives and multi-use formal and informal spaces.

To ensure we shape communities that thrive now and into the future we aim to:

  • Make a meaningful contribution to community health and wellbeing in partnership with community groups supported directly and through the Stockland CARE Foundation
Farmers markets at our Highlands residential community, Victoria

We seek opportunities to implement a range of community learning and education activities. Infrastructure that supports education includes the effective design and delivery of schools, libraries and learning hubs, local employment facilities and co-working spaces.

To ensure we shape communities that thrive now and into the future we aim to:

  • Stockland National Liveability Index score of 80% satisfaction with access to education across our residential communities
Stakeholder engagement

We are committed to developing and maintaining strong relationships with a broad range of stakeholders across our diverse business and we practice open, honest, two-way communication. We recognise the mutual benefits that result from this genuine engagement for both our business and our stakeholders.

To ensure that we create and maintain these positive relationships and collaboration we aim to:

  • Maintain 100% of active development projects with Stakeholder Engagement Plans
Col Dutton, General Manager WA, with Touched by Olivia Café managers - Amberton residential community, Western Australia
Governance and risk management

Sustainability governance serves to support and guide sustainability leadership and provide responsibility and accountability across all our business activities. Sustainability leadership at Board and executive level is critical to ensure that sustainability management and performance is integrated into our culture, processes and business relationships.

Supply chain management

Effective management of our supply chain enhances our long term business performance as it enables us to identify and address key environmental, social and governance risks and opportunities which fall within our scope of asset development yet beyond our operational control.

To ensure that we create and maintain positive relationships and collaboration with our supply chain, we aim to:

  • Implement our Sustainable Supply Chain Charter to provide guidance on setting and delivering specific supply chain initiatives.
Stockland Wetherill Park development and construction team hard hats, New South Wales
Employee engagement

At Stockland we recognise that the key to sustainable competitive advantage is our people. We acknowledge that the ability to engage and retain valuable employees is critical to our overall business performance. Employees that are engaged are more productive, more passionate and more inspired to innovate and deliver above and beyond standard performance.

To ensure that we engage and retain our valuable employees, we aim to:

  • Maintain an employee engagement score of 80% or above, which is 5% higher than the Australian high performing norm of 75%.
  • Increase women in management to 50% by 2020
‘Stockhome’ our Sydney head office, New South Wales
Carbon and energy

Stockland has a long standing commitment to manage climate change risk and reduce our carbon emissions. As a major developer and manager of property assets, we acknowledge that the built environment impacts on Australia’s emissions profile. We recognise we have a role to play to influence the energy efficiency of our assets and have taken a proactive approach to developing policies and implementing action plans over a number of years.

We have spent over a decade seeking to understand and reduce our impact on the environment. Since FY06 we have saved over $60 million through electricity intensity reductions.

We aim to further capitalise on operational efficiencies and invest in emerging technologies to further reduce our net environmental impact.

We aim to achieve:

  • 10% reduction in the emissions intensity of our office and retail portfolios by FY17 (based on FY14 baseline)
  • 40% reduction in energy usage per residential lot and retirement homes incorporated into the design of newly developed projects (compared to regional averages)
Australia’s largest single rooftop solar system at Stockland Shellharbour shopping centre, New South Wales (as at 22 Sept 2015)

Development is a key activity for Stockland, yet brings with it challenges and opportunities for our business, particularly in new urban growth corridors. Developments on greenfield sites can impact local bushland habitat, ecological communities and protected or significant species. We aim to minimise and mitigate these impacts to protect the biodiversity of our surrounding environments.

We aim to:

  • Make an average net positive contribution to biodiversity value across our new residential projects by FY17, as measured by our Biodiversity Calculator
One of our dedicated Wallum Sedge Frog breeding ponds at Caloundra South, Queensland
Water management and quality

Australia's fluctuating climate can lead to long-term drought, water scarcity (often resulting in water restrictions) and severe flooding. As a responsible property developer, it is important to constantly consider where water is sourced, how efficiently it is used and how the quality is managed.

We aim to achieve:

  • 40% reduction in potable water consumption per residential lot incorporated into the design of newly developed projects (compared to regional averages)
  • 20% reduction per retirement homes incorporated into the design of newly developed projects (compared to regional averages)
Our Vale residential community, Western Australia
Waste and materials

Waste treatment and disposal can have a major impact on the surrounding environment, with nutrients released during waste breakdown potentially polluting groundwater and waterways, incineration contributing to air quality and pollution issues and landfills constituting a reasonable component of the world’s total greenhouse gas emissions. We take these impacts very seriously and are committed to managing our waste efficiently and seek to reduce, reuse and recycle our waste whenever feasible, minimising our contribution to landfill.

We aim to achieve:

  • 90% Commercial Property construction waste diverted from landfill
  • 60% Residential construction waste diverted from landfill
Construction at our Wetherill Park shopping centre, New South Wales