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:
There are many tangible outcomes of our sustainability efforts. Last year we:
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:
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:
We understand that the retail industry is constantly evolving and we will continue to: