Sustainability Performance

93%

Stockland resident satisfaction

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 76% (at the higher end of the national average of 74.2 – 76.7%).

$8.3 million

Over $8.3 million contributed to our communities

Community contribution 

In FY19, we invested over $8.3 million through community development, community investment and the Stockland CARE Foundation. Over the year we delivered 1,236 community development initiatives across our assets and awarded $286,000 of Stockland CARE grants to local community organisations.

We also assessed the social value created for our communities and business through the development of our Community Partnership Impact Tool, which allows us to assign an indicative dollar value to the impact of our community partnerships and programs.

152

hectares of land rehabilitated through our residential developments

Biodiversity

We worked to rehabilitate and restore 152 hectares of biodiversity in FY19, 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. Our only eligible project in FY19, Minta (Vic) achieved a positive change in Biodiversity Index with a score of 3.47 (Good score >1; Moderate score 0-1; Poor score <0).

10.9% reduction

in greenhouse intensity in Commercial Property from 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 57% across Commercial Property. We continue toward our target reduction in greenhouse gas emissions intensity by 60% by FY25 (FY06 baseline).

GREENHOUSE GAS EMISSIONS INTENSITY (KGCO2-E/M2)

• FY1946.32
• FY1852.00
• FY1754.93
• FY1658.55

12.96 GWh

gigawatt-hours of solar power produced

Renewable energy produced

As of 30 June 2019 we had installed a further 12.1MW of solar PV capacity across 10 of our shopping centres and two logistics assets, including one our largest installation of 1.8 MW at Stockland Cairns (Qld). This takes our total operational solar PV capacity to 16.4MW.

Energy generated using solar PV (kWh)

• FY1912,958,224
• FY183,274,463
• FY172,387,168
• FY161,940,689

45

assets rated with Green Star Performance across Retail Town Centres, Workplaces, and Business Parks

Green Star ratings

We continue to target Green Star ratings across our portfolio, to confirm our sustainability credentials and verify the sustainability performance of our projects and assets. As of FY19, we have 45 assets rated with Green Star Performance across our Retail Town Centre, Workplace and Logistics portfolios, and 27 assets rated with Green Star built form rating tools including Design and As Built, Communities, and Interiors across our Retail Town Centre, Workplace, Residential and Retirement Living portfolios.

98%

residential development waste diverted from landfill in FY19

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.

0% change

In water intensity across Retail Town Centres, Workplace and Business Parks in FY19

Water management and quality

In FY19, we decreased our water intensity by 7% from FY18 in our Workplace portfolio, and increased intensity in our Retail Town Centre portfolio, resulting in an overall 0% change in intensity across our Commercial Property portfolio.

We also continued to see the benefits of our comprehensive sub-metering network across our Commercial Property assets, saving over 83,000kL in prevented leaks across the year.

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.

18

climate and community resilience assessments completed across our portfolio in FY19.

Climate and community resilience

We’ve integrated our resilience assessment approach into one centralised tool, ensuring a systematic, objective and standardised process for ongoing climate resilient assessment, management and reporting. This tool allows us to understand the climate exposure of assets and communities, as well as their adaptive capacity and sensitivities to climate-related risks and opportunities.

In FY19 we continued to align our approach to climate risk disclosure with the recommendations of the Task Force on Climate-related Financial Disclosures (TCFD), with our second full-year disclosure published in our Annual Report.

3.2

corporate lost time injury frequency rate (LTIFR)

Health and safety

We continue to progress on our injury management initiatives through the employment lifecycle from pre-employment checks, ongoing manual handling and workers’ compensation training, and simplifying the administrative process to assist with responding to injuries and return-to-work. Although our lost time injury frequency rate (LTIFR) increased slightly this year from record lows in previous years, we continue to report a low average lost day rate (see People Data Pack) indicating employees continue to return to work sooner through our injury management initiatives

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 completed our first Innovate Reconciliation Action Plan (FY17 – FY19) and have procured over $3.6 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.

Climate A List

only Australian property company on the CDP Climate A List for 2018

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). In 2018, we were ranked most sustainable real estate company globally by DJSI, we were the only Australian company to achieve CDP Climate A List status, and we were the GRESB Global Leader for Listed Diversified Office/Retail respondents.

Supply chain survey tool

developed in partnership with 15 member groups of the Property Council of Australia

Supply chain management

In response to the Modern Slavery Act and continued focus on human rights in the supply chain, we have been involved in developing an industry supplier survey tool to strengthen the property industry approach to human rights and other social and governance considerations within the supply chain.

We continue to collaborate with our suppliers to achieve health, safety, environmental and quality outcomes including through our ever-growing ‘Sights on Safety’ initiative, which implemented its inaugural Sights on Safety Award, targeted at recognising the work undertaken by suppliers and stakeholders to focus on safety improvement within their organisation and work sites.

81%

employee engagement score, four points higher than the Australian National Norm

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.

Over 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.

98.5%

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.

45.8% 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 85% in FY19), we expanded our graduate program, and met our targets in relation to engaging employees with disability.