19 October 2018   

5 min read
Our fast-changing world demands a flexible approach to creating smarter and more innovative workplaces and logistics spaces.

Stockland’s A Better Tomorrow: A blueprint for sustainability leadership is our vision for a more sustainable future that delivers value to our customers. A Better Tomorrow is the overarching strategy that helps us deliver better outcomes and achieve our goals of making a real difference in the communities in which we operate. 

It is fitting that on 12 September 2018, the Global Real Estate Sustainability Benchmark (GRESB) announced Stockland as the Global Sector Leader for a listed company in the Diversified – Retail/Office category and ranked number one in Australia. Every year, GRESB assesses Environment, Social and Governance (ESG) performance of real estate assets worldwide and monitors our sectors’ progress towards sustainability goals.

Stockland came first out of 19 listed global participants and second out of 103 listed and unlisted participants in the Diversified – Retail/Office category. Our glowing scorecard ranks us one out of nine in Australia in this category and 25 out of the record 903 property companies and funds (listed and unlisted) that participated in the overall GRESB Assessment this year. We also achieved our best ever overall score of 91 out of 100 across the ESG benchmarks.

Davina Rooney, General Manager of Sustainability and Corporate Procurement says Stockland ‘s commitment to delivering sustainable outcomes in our workplace and logistics assets is focused on delivering shared value across economic, social and environmental objectives.

“We are constantly innovating and improving our approach to all our assets to create customer value. By transforming our properties into energy powerhouses, we are reducing costs and greenhouse emissions and creating more productive and healthier environments and flexible and adaptable spaces.

“We’re committed to developing high-performing buildings and we measure the performance of our workplace assets using Green Star Performance ratings and NABERS energy and water ratings across the portfolio.”

As well as repositioning and redesigning its assets to meet contemporary demands for high-performance and flexible spaces, Stockland is focused on solar initiatives within the portfolio to reduce its carbon footprint and make use of the physical attributes — in this case the large roof spaces –– of our assets.

At our Yennora Distribution Centre, one of the largest in the southern hemisphere, our sustainability initiatives include solar water heating, energy efficient lighting, native landscaping and rainwater collection for irrigation and toilet flushing.

National Asset Manager Craig Lenarduzzi said the group’s strategy to build sustainable initiatives into its logistics centres is a win-win proposition.

“We continue to find innovative ways to incorporate sustainability into our assets to make them more attractive to tenants and to ensure they are resource efficient and environmentally responsible. At Yennora, our green initiatives will deliver lower operating costs, improved productivity and a healthier place to work,” said Craig.

Likewise, the recently completed logistics park at Ingleburn in NSW includes solar hot water, energy efficient LED lighting with motion sensor, rain water harvesting for reuse in landscape irrigation and toilet flushing, use of low VOC paints and floor coverings and native landscaping and water sensitive urban design initiatives.

Stockland National Sustainability Manager, Commercial Property, Greg Johnson, says for Stockland, sustainability is about ensuring we leave the communities where we operate in great shape for future generations.

“Stockland places an extremely high emphasis on the environmental performance and sustainable design and operation of our commercial buildings to ensure they are more climate resilient , drive efficiencies and that they deliver value to our tenants.

“We understand we have a responsibility to decrease the carbon footprint and impact of our buildings and to improve the health and wellbeing of those who use them. In our pursuit of sustainable excellence across our office and logistics assets we’re reimagining offices and business parks as vibrant innovation hubs that foster community and collaboration,” he said.

Since 2006, Stockland has halved its carbon intensity and we’re committed to further reductions by 2020. Today, Stockland has over 40 Green Star ratings across its commercial property portfolio.