Stockland will support Earth Hour’s 10 year anniversary on Saturday 25th March 2017, by turning off all non-essential lighting and pylon signage for one hour across its 76 retail, office, logistics and business parks assets across the country.
Launched in Sydney in 2007, Earth Hour has become a global event with 172 countries and territories now participating. Run by World Wildlife Fund (WWF), the event aims to combat the issue of climate change - one of the biggest environmental challenges on the planet today.
In the last decade since the inception of Earth Hour, Stockland’s focus on delivering more sustainable and efficient retail centres has resulted in Stockland reducing its electricity usage by 30% per square metre, resulting in a $30 million saving in operating costs.1
John Schroder, Stockland Group Executive and CEO of Commercial Property sees Earth Hour as an opportunity for the business to reassess energy consumption and raise awareness of climate change to employees as well as to retailers and tenants.
“At Stockland, we are passionate about our purpose to create ‘a better way to live’, building vibrant and thriving places for people to shop, work and live, now and into the future.
“Our support of Earth Hour is part of an ongoing commitment to sustainability at our Commercial Property assets. It also represents a symbolic start date for renewed efforts to minimise energy consumption across all of our assets nationally.”
Stockland is focussed on incorporating key sustainability initiatives across all commercial property assets to reduce energy and greenhouse gas emissions including mixed-mode air conditioning, low-energy light fittings and climate responsive ventilation systems.
Notably, Stockland has invested $4.8 million in solar projects installed across its Shellharbour, Wetherill Park, Green Hills and Nowra shopping centres in NSW.
John Schroder continues, “International research has found integrating green principles are not only more energy and water-efficient, but can also generate higher sales.2 This coupled with the genuine savings that we can pass onto our retailers further influences the business case for turning green and how it can benefit everyone involved. Stockland is proud to be leading the sector in sustainability and investment in renewable energy”
Stockland is proud to be recognised as the most sustainable property company in the world by the Dow Jones Sustainability Indices (DJSI), demonstrating world leadership across the such areas as stakeholder engagement, environmental reporting, social integration and climate change strategy.
Earth Hour aims to inspire and empower individuals, businesses and governments around the world to push climate change to the top of the agenda. From promoting renewable energy and sustainable agriculture to funding projects to protecting forests and ecosystems and encouraging climate education.
For more information on Earth Hour 2017 visit: www.earthhour.org.au
1 Since FY06, as reported in the Stockland Annual Review for FY16.
2 Green Building Council of Australia – Retail Fact Sheet: www.gbca.org.au/uploads/221/1757/Factsheet_Retail_Centrev1.pdf