14 May 2019   

10 min read
We’ve come a long way since we launched our first sustainability strategy in 2006. We have halved our carbon intensity and we’re committed to further reductions by 2020. We’ve also invested over $33 million in existing and planned solar power generation across 20 retail town centres and logistics centres around the country and saved over $91 million through energy efficiency innovations, a $45 million saving for tenants.

And we’re recognised as sustainability leaders with an industry-leading renewable energy program and net zero carbon targets.

 

Last year we launched A Better Tomorrow: A blueprint for sustainability leadership to map our vision for a more sustainable future, deliver better outcomes and achieve our goal of making a real difference in the communities in which we operate. 

Our retail town centres act as hubs for the local community, offering a range of experiences, events and community activities. We know that sustainable centres are more comfortable for our customers and more attractive retail spaces for our tenants. Our focus on sustainability is already leading to lower energy bills for our tenants and safer, more comfortable, productive and connected centres.

Across our retail portfolio we are:

  • Focusing on accessibility such as quiet rooms, inclusive play spaces and adult change facilities and assessing opportunities for improved amenity
  • Assessing each centre for its climate and community resilience
  • Incorporating best practice sustainable design to ensure all new centres achieve a Green Star Design & As Built rating
  • Rolling out Chargepoint and Tesla electric vehicle chargers

 

There are many tangible outcomes of our sustainability efforts. Last year we:

  • Contributed over $7.7 million to our communities
  • Placed 180 people into employment through the Stockland Green Hills Connectivity Centre
  • Delivered more than 780 community development activities in our retail town centres
  • Installed the largest single rooftop solar system in Australia at Stockland Green Hills
  • Achieved a 5 Star Green Star – As Built rating for Stockland Green Hills

 

A low energy future

Stockland Green Hills is a great example of how Stockland is investing in a lower carbon energy future to create clean, secure and affordable energy for our retail centres. The recently installed 1.8 Megawatt solar PV system has already significantly reduced the centre’s base building energy and greenhouse gas emissions, cutting peak electricity demand by 29 per cent and grid supplied electricity by 46.3 per cent. On average, the rooftop solar system is expected to generate approximately 2,770,000 kWh of renewable energy per year, enough to power 295 homes.

 

We’re proud to share some of our sustainability achievements and recognition with you:

  • Named the most sustainable real estate company in the world by the Dow Jones Sustainability Index in September 2018 (for the fifth time)
  • Recognised as Global Sector Leader for listed companies in the diversified – office/retail category by the Global Real Estate Sustainability Benchmark
  • Named as Employer of Choice for Gender Equality (EOCGE) for 2018-19 by the Workplace Gender Equality Agency (WGEA) for the fifth consecutive year
  • The only Australian property company to be included on the 2018 Climate A-List released by CDP
  • Awarded the ‘Best of the Best’ 10-Year Sustainability Achievement Award by the NSW Office of Environment and Heritage
  • Awarded Best Sustainable Development for Stockland Wetherill Park at the 2018 PCA Innovation and Excellence Awards

 

What’s to come

We will continue to explore new ways to create vibrant retail including and help our tenants save on operational costs. We’re on track to:

  • Reach $33 million in investment in renewable solar energy projects by 2020
  • Exceed our carbon emission reduction target of 43kgCO2-e/sqm by 2025

 

We understand that the retail industry is constantly evolving and we will continue to:

  • Remix our assets with a focus on experiential retail, food catering and retail services including beauty and health service providers
  • Redevelop our assets to create diverse, walkable town centres that form the social hub of the community
  • Use deep customer insights and analytics to inform our tenant remixing and centre design 

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