22 November 2018   

10 min read
Stockland has released its blueprint for A better tomorrow: a blueprint for sustainability leadership, which explains how Stockland is delivering vibrant town centres, thriving communities and productive places to work.

It’s 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 sector’s 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.

There’s no doubt that population growth and urban density are shaping the importance of meaningful and authentic town centres at the heart of the community. Our job is to create retail centres that respond to the local community, unlock competitive advantage, help retailers engage with customers and help to create strong communities. Stockland’s focus on sustainability in our retail centres is about delivering greener outcomes, futureproofing our assets, and making our centres talked about destinations where social connections are made. By setting challenging targets and working on initiatives that improve health and wellbeing, education, community connection, energy and carbon, water, waste and materials, Stockland is ensuring its retail centres deliver better environmental outcomes, reduced operating costs and a shared value return for our customers and retailers by creating places where people want to be.

According to National Sustainability Manager, Commercial Property Greg Johnson,

“For some retailers, our commitment to sustainability provides an opportunity to achieve their own commitments to sustainability through their participation in our environmental initiatives and supply of renewable energy.

“From a social perspective, by activating retail spaces with community programs that are educative, healthy and create a sense of belonging, people visit the centre, stay longer and return more often helping to foster stronger economic performance for retailers,” said Greg.



Tangible benefits

Stockland’s investment in initiatives that helps to build liveable and resilient communities helps improve business continuity, economic viability and community wellbeing.

“Whether it is facilitating retail skills development and introducing local job seekers to jobs in our retail centres or working with local indigenous artists to create public art works that help tell their stories and promote reconciliation, we work hard to help communities thrive into the future,” said Greg.


Sustainability on show

Since 2006 we have halved our carbon intensity and committed to further reductions by 2020. Not only are these initiatives improving the environment but they have also resulted in cost savings of over $90 million.

Today, we have over 40 Green Star ratings across our Commercial Property portfolio and have been at the forefront of developing sustainability ratings for asset classes, such as residential and retirement living. Sustainability is integral to what we do, creating vibrant and thriving places to shop, work and live, now and into the future.

The recent redevelopment of Stockland Green Hills, which achieved a 5-star Green Star Design rating, is a great example of leading sustainability in our retail portfolio with state-of-the-art sustainability features including, low-energy light fittings, water efficient toilets, tapware and showers, and energy efficient air conditioning.

Stockland has also installed free electric vehicle charging stations in the carpark for customers and has recently commissioned a $2.8 million rooftop solar projects, one of the largest rooftop PV systems in Australia, which is expected to generate approximately 2,770,000 kWh of renewable energy per year, enough to power 295 homes.

“These design initiatives will achieve a number of financial and environmental savings across the centre. The new solar system alone is expected to reduce the centre’s energy and greenhouse gas emissions, cutting peak electricity demand by 29% and grid supplied electricity by 46.3%,” said Greg.

Stockland’s purpose of ‘a better way to live’ has ensured accessibility and inclusion was a key commitment with a number of important community facilities and amenities delivered in the Green Hills development. These include multiple parents’ rooms, an adult change facility with an adjustable changing table and ceiling hoist as well as a designated Quiet Room designed to be a calm retreat for parents, carers and children with Autism Spectrum Disorder.

The centre also features two inclusive playgrounds, designed in collaboration with the Touched by Olivia Foundation, that allow children of all-abilities to play together, including those with physical disabilities, vision, hearing and mobility impairments, or spectrum disorders.

During the redevelopment Stockland and Multiplex also established the Green Hills Connectivity Centre, which helped 180 local jobseekers develop skills and find employment in construction and retail jobs during the redevelopment.



Changing the energy landscape

Stockland has made a significant commitment to renewable energy with an extensive national solar rollout program. Our efforts are transforming property into energy powerhouses, allowing us to futureproof the business by taking charge of our own energy generation.

By June 2019, Stockland will have invested $30 million in solar across 16 retail town centres, installing more than 45,000 panels across an area equivalent to 13 rugby fields. Our solar capacity will be lifted to 16.36 MW and produce around 23 GWh of energy annually, the equivalent to driving an electric car around the world 3,188 times or powering over 4,000 homes every year.

The investment in solar energy across our retail town centres helps diversify the source of energy we rely on to operate our centres and builds the resilience of our assets for the future. In turn, our commitment to renewable energy provide strong environmental benefits and positively impacts local communities by creating employment opportunities.

Today, Stockland has more than 40 Green Star ratings across our Commercial Property portfolio and we’re at the forefront of developing sustainability ratings for asset classes such as residential and retirement living. Sustainability is integral to what we do, creating vibrant and thriving places to shop, work and live, now and into the future.