ASX / Media release
Stockland today revealed the strategy it has used to build and maintain its position as the most sustainable real estate company in the world, as recognised by the Dow Jones Sustainability Index.
Stockland has released its Annual Review and Sustainability Report for the Financial Year 2016, which together provide a comprehensive report on the group’s strategy, financial, social and environmental priorities and performance measures.
Mark Steinert, Managing Director and CEO Stockland, said: “These detailed reports demonstrate the shared value we create for our securityholders through the world-leading sustainability initiatives we’re implementing across our business.
“In addition to providing financial metrics, our reports showcase our social and environmental performance and the work we’re undertaking for the benefit of the people who live, work, shop and socialise in our communities.”
“We’ve continued to progress our sustainability strategy, improving the liveability of our communities and commercial operations through ongoing stakeholder engagement and innovations such as energy efficient technologies, inclusive play spaces, and employment programs,” Mr Steinert explained.
Stockland was recently named the Global Real Estate Sector Leader for the second consecutive year in the Dow Jones Sustainability Index as well as the Regional and Global Sector Leader – Office/Retail category in the GRESB (Global Real Estate Sector Benchmark) survey.
“We are extremely proud to retain our world leadership position in sustainability,” Mr Steinert said. “These accolades are an incredible acknowledgement and endorsement of our commitment and achievements to design, develop, own and manage more economically, socially, and environmentally sustainable real estate.
We always strive to create and deliver the best outcomes for our customers, our communities, our securityholders and other key stakeholders.”
Stockland’s online Sustainability Report can be viewed and downloaded at www.stockland.com.au/about-stockland/sustainability.
Stockland’s Sustainability Report forms part of its Annual Review 2016, and is available at www.stockland.com.au/corporate-reporting.
Stockland’s key highlights and achievements in FY16 include:
We achieved a Green Star – Performance portfolio rating for 22 of our retail centres around Australia, underlining the increasing efficiency of our Retail operations, where we have reduced electricity usage by 30% per square metre since FY06, saving $30 million.
The Stockland Connectivity Centre at the $372 million Green Hills shopping centre redevelopment in NSW is a whole-of-community response, helping to connect unemployed young people to jobs and skills training in construction, and retail and hospitality.
Through our expanded suite of 15 community partners nationally, we implemented more than 560 community development initiatives to boost health and wellbeing, education and connectedness.
We delivered four inclusive play spaces and four social enterprise cafés within our communities and retail centres in partnership with Touched by Olivia Foundation.
For the second year in a row, we received this citation from Australia’s Workplace Gender Equality Agency.
Pioneering solar air conditioning technology
In partnership with the CSIRO, we recently unveiled a new solar-powered air conditioning system at Stockland Wendouree that aims to change the way energy is used on a commercial scale.
Our company-wide Flexibility@Stockland program is available to our 1,500 employees and 61% of employees have now taken up some form of flexible work arrangements.
We improved our waste management across our business, with a significant amount of waste from residential and retirement living developments and retail operations diverted from landfill.