After successfully issuing Australia’s first green bond in FY15 to raise more than AU$430 million (€300 million), Stockland today detailed how it has allocated the debt to fund a wide range of retail, residential and retirement living projects.
The detail is contained in Stockland’s FY15 Sustainability Report, which was released today together with the Stockland Annual Review 2015.
Stockland, Australia’s largest diversified property, today released the Stockland Annual Review 2015, an integrated report detailing its financial, social and environmental performance over the last fiscal year, and future targets.
Stockland has also published its online FY15 Sustainability Report, which covers core aspects of the company’s efforts to optimise its environmental performance and enhance the ‘liveability’ and social sustainability within its pipeline of residential and retirement communities, and commercial property assets across Australia.
As a direct result of its long-term focus and commitment to sustainability, Stockland was recently named as the Global Real Estate Sector Leader for Sustainability on the Dow Jones Sustainability Index (DJSI) 2015-16.
“Stockland’s Annual Review 2015 and Sustainability Report demonstrates how we are creating value for shareholders while also creating value for the communities we serve,” Mr Steinert said. “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.”
“These reports show we are intertwining our approaches to property development and sustainability. We are focussed on the development and delivery of sustainable communities,” Mr Steinert added. “Every year, Stockland engages in an independently-reviewed process to record its achievements, review and update its sustainability strategy, and set new targets for the year ahead.”
Stockland has long since realised the vital role it can play, as Australia’s largest diversified real estate company, in building economic value for shareholders, while at the same time reducing the impact of development on the environment.
Stockland’s key sustainability achievements in FY15
Stockland Managing Director and CEO, Mark Steinert, said: “The Stockland Annual
Review and Sustainability Report provides our stakeholders with better business
reporting, and one of its most important attributes is the way it allows our investors
to follow the money, with green bond to sustainable projects being a good
Stockland (ASX: SGP) was founded in 1952 and has grown to become Australia’s largest diversified property group – owning, developing and managing a large portfolio of shopping centres, residential communities, retirement living villages, office and industrial assets. Stockland was recognised by the S&P Dow Jones Sustainability Indices (DJSI) as the as the global real estate sector leader for 2015-16, demonstrating world leadership across the areas of stakeholder engagement, customer relationship management, supply chain management, biodiversity and climate change strategy. Stockland was recognised as the Regional Sector Leader for Listed, Australian, Diversified Property Companies in the 2015 GRESB Report.
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