Sustainability Performance

93%

Stockland resident satisfaction score
(above target of 90%)

Health and wellbeing

Our Liveability Index gives us a transparent method for prioritising our efforts in designing, planning and building what is important to residents. Our focus on liveability in the design and delivery of our residential communities has resulted in happy, highly satisfied residents. Focusing on liveability has also led to improved wellbeing, with residents average Personal Wellbeing score at 77% (above the national average of 74.2 – 76.8%).

$7.7 million

Over $7.7 million contributed to our communities

Community contribution 

In FY18, we invested over $7.7 million through community development, community investment and the Stockland CARE Foundation. Over the year we delivered 780 community development initiatives across our assets and awarded more than $270,000 of Stockland CARE grants to local community organisations.

We also assessed the social value created by our Retirement Living business, and determined that for every $1 spent in the business, we created $1.66 in social value. This social value results from the strong sense of community, safety, and security provided by our villages. It is also estimated that state-level authorities receive as much value as our residents, in the form of avoided costs on health and care services.

204

hectares of land rehabilitated through our residential developments

Biodiversity

We worked to rehabilitate and restore 204 hectares of biodiversity in FY18, and will have protected around 2,202 hectares of land upon completion of our current residential developments.

We remain committed to a net positive impact on biodiversity resulting from our residential masterplanned communities by FY20.

11% reduction

in greenhouse intensity in Commercial Property in FY18 

Greenhouse gas emissions

We continue to reduce our greenhouse gas intensity at our Commercial Property assets, and since FY06 our greenhouse gas emissions intensity has reduced by 44% across Retail and by 56% across Office and Business Parks. We continue toward our target reduction in greenhouse gas emissions intensity by 60% by FY25 (FY06 baseline).

kgCO₂/m²

• FY1852.00
• FY1754.93
• FY1658.55
• FY1560.66
• FY1461.52

3.27 GWh

gigawatt-hours of solar power produced

Renewable energy produced

We continue to invest in renewable energy as a means of mitigating impacts of energy price fluctuations and reducing the emissions intensity of our portfolio. Solar arrays are operational at our centres in Caloundra, Shellharbour, Wetherill Park, Green Hills, and Nowra.

We lead the industry in total rooftop solar capacity (4.36 MW) and are committed to exceeding 16 MW installed by the end of FY19.

kWh

• FY183,274,463
• FY172,387,168
• FY161,940,689
• FY15292,124

8

residential communities rated as 5 Star or 6 Star Green Star Communities

Green Star ratings

In FY18, our residential community at Waterlea (Vic) was recognised as a ‘World Leadership’ 6 Star – Green Star community. Our redevelopment of Stockland Green Hills (NSW) also received a 5 Star – Green Star Design rating.

We have the most Green Star rated residential communities of any developer in Australia. We also have the largest number of Green Star rated retail town centres (Green Star – Design & As Built) in Australia, as verified by the Green Building Council of Australia.

94%

residential development waste diverted from landfill in FY18

Waste management

We continue to achieve high rates of waste diversion from landfill across our development projects. In our Commercial Property operations, we continued our focus on best practice reporting as set by the Better Buildings Partnership and opportunities to enhance our operational waste diversion rates.

4% reduction

in water intensity across Retail Town Centres, Workplace and Business Parks in FY18

Water management and quality

Our focus on water efficiency at our Commercial Property assets has continued to drive reductions in water use on a per square metre basis. We expanded our water sub-metering across our portfolio, which has enabled quick rectification of leaks, clarity in water use activities, and education for our tenants on their water usage.

We continue to design our residential and retirement living communities to be water efficient, and set water quality targets for their development to minimise pollutants from construction.

First

first Australian property company to lodge climate-related financial disclosures with the ASX

Climate and community resilience

We have been an early adopter of the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD) and enhanced our existing climate scenario analysis by assessing risks and opportunities associated with the transition to a low carbon economy.

We also updated our scenarios for considering the physical risks of climate change at our assets and completed 19 climate and community resilience assessments across our portfolio.

1.6

corporate lost time injury frequency rate (LTIFR)

Health and safety

Our continued focus on health and safety across our business has resulted in the lowest lost time injury frequency rate of 1.6, the lowest rate in seven years. This result can be attributed to various remedial activities implemented progressively throughout the year.

100%

operations reviewed for human rights risk

Human rights

Our commitment to both respect and promote human rights underpins our business activities and stakeholder relationships, and this is appropriately reflected in our human rights policies and procedures. We made solid progress against commitments in our Innovate Reconciliation Action Plan (FY17 – FY19) and have procured over $3.2 million from Indigenous suppliers (since FY14). We also continue to focus on making our centres accessible and welcoming to people of all ages and abilities.

'A' List

only Australian company on the CDP Climate A List in 2017

Stakeholder engagement

We continue to appreciate the importance of comprehensive and considerate stakeholder engagement at our projects. We train our employees on best practice stakeholder engagement approaches and partner with media and government to highlight our community contributions and sustainability achievements.

We participate in key sustainability surveys of importance to our investors, such as Dow Jones Sustainability Index, CDP Climate Change, and Global Real Estate Sustainability Benchmark (GRESB). We were the only Australian company to achieve CDP Climate A List status in 2017, and we were the GRESB Global Leader for Listed Diversified Office/Retail respondents in 2017.

180

people placed in employment at the Green Hills Connectivity Centre

Supply chain management

We continue to partner with contractors and other suppliers who share our commitment to sustainability. Local employment and procurement are key components of our supply chain framework, and our Green Hills redevelopment project is an example of where our developments have resulted in positive impacts for the economy of the local area.

Health and safety is also an important focus for us and our suppliers, and our ‘Sights on Safety’ initiative has helped reduce the number of serious incidents at our development projects.

83%

employee engagement score

Employee engagement

A highly engaged workforce is critical to our success, and we work to maintain high levels of engagement through investing in our collaboration systems, Flexibility@Stockland, and our digital workplace strategy.

80% of employees have a formalised flexible work arrangement, part of our strategy to enhance employee wellbeing through healthy work-life balance. We continue to meet our targets for turnover of employees with 'strong' performance or above, as well as employees in their first year.

98.3%

gender pay equity ratio

Diversity and inclusion

Diversity and inclusion continues to be a key driver of engagement for our staff. Key aspects of our approach to diversity and inclusion are our Employee Advocacy Groups: Gender Equity; Parents and Carers; Wellbeing and Cultural Inclusion, LGBTI+, and Disability and Flexibility.

45.1% of our management team are women, continuing toward our target of 50% by 2020. We continue to hit our targets for parental leave return rates (over 91% in FY18), we expanded our graduate program, and met our targets in relation to engaging employees with disability.