We have a strong commitment to managing and benchmarking our performance and use of environmental rating tools across our assets and developments. So much so that it has become the way we develop all of our Commercial Property assets. We require all our shopping centre developments to achieve a minimum of 4 stars certification for 'Design' and 'As Built' ratings.
We currently have the highest number of Green Star rated shopping centres in Australia. In FY09 we business committed to a 20 per centre reduction in energy and carbon intensity in Commercial Property by FY14. We continue to deliver energy efficiency through a strong focus on management.
We have achieved a 23 per centre improvement to date against FY09 levels across Commercial Property and exceeded our FY14 target. Energy efficiency reduced by 16 per cent and carbon intensity levels reduced by 17 per cent.
Over the past year focus areas have included:
- Alternative energy – implementing solar PV installations to include clean, renewable energy as a proportion of energy consumed across our portfolio.
- LED lighting – implementing new energy efficient LED technologies in shopping centres where we are upgrading lighting as part of rolling capital improvement programs.
- Sub-metering installations – implementing intelligent sub metering systems across the portfolio for energy performance monitoring and analysis and upgrades to Building Management Systems.
- Air-conditioning upgrades and fine tuning programs to replace older energy intensive plant with high efficiency equipment and to optimise energy performance in operation.
For more information visit http://www.stockland.com.au/about/sustainability.htm.