Our sustainability strategy focuses on our opportunity to deliver shared value; that is deliver economic value in a way that also creates value for society by addressing its needs and challenges. We have clear strategic priorities to support our growth and deliver returns for our investors. Our sustainability strategy unites these priorities with a view to the future and our vision: To be a great Australian property company that makes a valuable contribution to our communities and country. We have three core sustainability priorities that enhance our ability to deliver shared value.

 

Stockland sustainability strategy - a better way to deliver shared value


Shape Thriving Communities

Our goal is to create and shape communities that thrive now and into the future. 

We seek to achieve this goal at our retail town centres, workplaces and business parks and in the residential and retirement living communities we create by focusing on health and wellbeing, community connection, and education. 

We focus on these three social impact areas because our proprietary customer and industry research tells us these are the areas that matter when our customers are deciding where to live, play and shop.  

 

Health and wellbeing

Our focus on health and wellbeing is supported by research that illustrates the value residents place on parks, open spaces and recreational infrastructure, as well as a feeling of safety within their community. Infrastructure is critical in supporting community health and wellbeing, including accessible amenities and services, active public transport options, parks and recreation facilities, walking paths, cycle ways and inclusive playspaces. We also seek to activate communities with programs that support positive physical and mental health for all ages and provide access to fresh, healthy food. 

Strategic priorities

  • Activities and places that encourage positive physical and mental health and wellbeing 
  • Smart design that optimises accessibility, safety and mobility.

Key FY18-20 target

Our primary health and wellbeing target is for all of our Residential and Retirement Living communities to score above the Australian national average Personal Wellbeing Index. 

 



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Gidget House supports expectant and new parents at Merrylands

At Stockland Merrylands, we have partnered with Gidget Foundation Australia to provide free counselling and psychological support services to new parents.

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Find out more

Read more about our contribution to community health and wellbeing in our Community Deep Dive and our Community Data Pack.

Community connection

Our community development and investment programs seek to support greater community connection by fostering self-sustaining social cohesion. Infrastructure that supports community connection includes community centres, hubs, public art, place making initiatives and multi-use formal and informal spaces. For greatest impact, we seek to engage with community groups on all projects and encourage participation in the vision, design and development process.

Strategic priorities

  • Activities that foster engagement, pride and a sense of belonging
  • Design that encourages sense of place and supports recreation and participation
  • Incorporating accessibility and inclusiveness into the design of our assets, communities, and supporting infrastructure.

Key FY18-20 targets

  • To make a meaningful contribution to our community through work with community groups supported directly and through the Stockland CARE Foundation.

 

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Valuing the impact of our community partnerships and programs

In FY19, we worked with KPMG to develop a Community Partnership Impact Valuation tool, to assess the social and business value generated by our community partnerships and programs.

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Find out more

Read more in our Community Deep Dive and Community Data Pack.

Education

We seek opportunities to implement a range of community learning and education activities. Infrastructure that supports education includes the effective design and delivery of schools, libraries and learning hubs, local employment facilities and co-working spaces.

Strategic priorities

  • Programs that support economic employment within our communities
  • Design that facilitates learning and education opportunities for all ages
     

Key FY18-20 target

Our primary education target is to achieve a Stockland National Liveability Index score of 75% satisfaction with access to education across our residential communities.

 

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Song Room promotes student engagement via music

In FY19, Stockland completed a three-year partnership with the Song Room to deliver a music program at Yuille Park Community College, with 100% of teachers reporting students improved class participation and engagement.

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Find out more

Read more in our Community Deep Dive and Community Data Pack.

Optimise and Innovate

We aim to provide business solutions that better serve our customers while reducing our impact on the environment and enhancing our bottom line.

As a leading real estate developer and manager, we are always looking for smarter and more efficient ways to develop and operate our assets. We are committed to creating resilient assets and communities that can flourish with adaptive and responsive design. Our customers want to run their homes and businesses cost effectively, but also appreciate a connection to the natural environment.

 

Carbon and energy

Our long-standing commitment to manage climate risk and reduce our carbon emissions has led to international recognition of our leadership on climate change. As a major developer and manager of property assets, we acknowledge that the built environment impacts on Australia’s emissions profile. We also acknowledge that civil works on residential development projects constitute an important source of our emissions. Our proactive approach to improving the energy efficiency of our assets and communities not only supports better environmental outcomes, but also improves cost of living and delivers tangible benefits for our business.

Strategic priorities

  • Reduce emissions and improve climate change resilience within our portfolio
  • Invest in alternative energy supplies to reduce our emissions.

FY18-20 Key target

  • To continue toward our target of 60% reduction in carbon emissions by FY25 in Commercial Property
  • All new residential and retirement living communities to be designed as 10% more energy efficient than regulatory standards.



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Thirteen years of carbon and energy leadership

At Stockland, we have a longstanding commitment to managing climate change risk and reducing our carbon emissions. Since 2006 we have reduced our emissions intensity by over 57 per cent.

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Find out more

Read more in our Carbon and Energy Deep Dive and Environment Data Pack.

Biodiversity

Development is a key activity for Stockland, yet brings with it biodiversity challenges and opportunities for our business, particularly in new urban growth corridors. Developments on greenfield sites can impact local bushland habitat, ecological communities and protected or significant species.

Strategic priorities

  • Minimise our impact on ecological communities and protected or significant species
  • Design communities to promote nature reserves and parklands.

Key FY18-20 target

All new masterplanned developments to have an aggregated net positive contribution to biodiversity value by FY20.


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Investing in biodiversity through nature corridors

At our Willowdale project in South West Sydney, we are undertaking a 16ha conservation project, to restore a creek corridor that includes endangered ecological communities associated with the Cumberland Plain of Western Sydney.

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Find out more

Read more in our Biodiversity Deep Dive and Environment Data Pack.

Water management and quality

Australia's fluctuating climate can lead to long-term drought, water scarcity (often resulting in water restrictions) and severe flooding. As a responsible property developer, Stockland constantly considers where water is sourced, how efficiently it is used and how the quantity and quality is managed.

Strategic priorities

  • Improve water consumption efficiency and sustainable sourcing
  • Deliver projects that minimise water use and positively contribute to local water catchments

Key FY18-20 target

Retail town centres and retirement living villages to reduce water intensity by 5%, and all new residential communities designed to exceed minimum standards by 5%.

 

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Using technology to save both water and costs across our portfolio

Monitoring and optimisation systems have improved our water consumption and saved us approximately $357,000 throughout FY19.

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Find out more

Read more in our Water Management and Quality Deep Dive and Environment Data Pack.

Waste and materials

Waste treatment and disposal can impact the surrounding environment, with nutrients released during waste breakdown potentially polluting groundwater and waterways, incineration leading to air quality and pollution issues, and landfills contributing to the world’s total greenhouse gas emissions. We take these impacts very seriously and are committed to managing our waste efficiently and seek to reduce, reuse and recycle our waste whenever feasible, minimising our contribution to landfill.

Strategic priorities

  • Reduce, reuse and recycle our waste in our developments and our operations, minimising our contribution to landfill
  • Specify the use of ecologically-preferable materials

Key FY18-20 targets

Achieve 45% waste diversion from landfill for Commercial Property operations, 85% waste diversion from landfill for Retail Town Centre development waste, and 60% waste diversion from landfill for Communities development waste.

 

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Empowering residents in the war on waste

In our residential development at Highlands, we are empowering residents in their communities to make a tangible difference in fighting the war on waste, with three new initiatives.

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Find out more

Read more in our Waste Management Deep Dive and Environment Data Pack.

Enrich our Value Chain

We aim to enhance the value we create by forming positive relationships that extend our capacity to deliver leading sustainability outcomes.

Enriching our value chain is about how we manage our risks while working with our employees, our suppliers and other key partners. When we work in collaboration with our stakeholders, our outcomes are strong and our relationships prosper.

 

Human rights

Stockland respects and seeks to promote human rights through its corporate policies, programs, initiatives, project and asset guidelines, and broader governance and stakeholder management methods. We also look to promote human rights through our business activities and other initiatives.

Strategic priorities

  • Identify, assess, and implement responses to human rights related issues across our business
  • Train employees on human rights considerations and obligations
  • Progress human rights initiatives across our entire value chain

Key FY18-20 target

Continue to implement the key findings from the organisational human rights risk review which was undertaken in FY18

 

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Reconciliation in action on the Sunshine Coast

Using organisational commitments made under Stockland’s group Innovation Reconiliation Action Plan (RAP), we developed a project specific RAP for two retail developments on the Sunshine Coast, Birtinya and Baringa.

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Find out more

Read more in our Human Rights Deep Dive.

Stakeholder engagement

We are committed to developing and maintaining strong relationships with a broad range of stakeholders across our diverse business. We practice open, honest, two-way communication and we recognise the mutual benefits that result from this genuine engagement for both our business and our stakeholders.

Strategic priority

  • Develop and maintain strong relationships through regular and genuine engagement with stakeholders.

Key FY18-20 target

Maintain stakeholder engagement plans for all active development projects, and deliver stakeholder engagement workshops to our employees to embed strong engagement practice across the organisation.

 

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Partnership to focus on ageing and dignity

In FY19 we partnered with the Committee of Sydney and not-for-profit organisation, Baptistcare to produce the ‘Dignity and Choice’ report which highlighted the challenges in creating an inclusive future for Sydney’s ageing population.

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Find out more

Read more in our Stakeholder Engagement Deep Dive.

Governance and risk management

We adopt a rigorous approach to understanding and proactively managing the risks we face in our business. We recognise that making business decisions which involve calculated risks, and managing these risks within sensible tolerances, is fundamental to creating long-term value for all our stakeholders. As an investor of capital, we conduct risk assessments at critical decision points during the investment process to identify risks and to meet target returns.

Sustainability leadership at Board and executive level is critical to ensure that sustainability management and performance is integrated into our culture, processes and business relationships.

Key priorities

Our governance and risk management priorities relate to embedding cyber security risk management, organisational resilience, and crisis management processes across the organisation, as well as completing risk reviews in priority areas.

 

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Increasing materials visibility and collaboration in the supply chain

Our supply chain Sustainability Schedule, developed as the result of an assessment of supply chain issues and risks impacting the construction industry, is now being piloted and integrated into development projects.

Supply chain management

Effective management of our supply chain enhances our long term business performance, as it enables us to identify and address key environmental, social and governance risks and opportunities which fall within our scope of asset development yet are beyond our operational control. We work to build strong relationships with our suppliers so that they are motivated to operate in a manner which is consistent with our values and standards. We recognise that having a sustainable supply chain is fundamental to having a sustainable business.

Strategic priorities

  • Identify and address key environmental, social and governance risks in our supply chain.
  • Collaborate with our partners to raise awareness of sustainability issues and encourage sustainable procurement.

Key FY18-20 target

Our primary supply chain management target is to launch our Sustainability in our Development Supply Chain – What Stockland Expects’


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Increasing contractor awareness via the Supply Chain Sustainability School

We worked with the Supply Chain Sustainability School to develop free, interactive learning modules for our construction contractors, focused On Sustainable Procurement, Human Rights and Modern Slavery.

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Find out more

Read more in our Supply Chain Deep Dive.

Employee engagement and development

We recognise that the key to sustainable competitive advantage is our people, and that the ability to engage and retain valuable employees is critical to our overall business performance. Employees that are engaged are more productive, more passionate and more inspired to innovate and deliver above and beyond standard performance.

Strategic priorities

  • Attract and retain high performing employees
  • Develop authentic, accessible and performance focused leaders.
  • Maintain a diverse and inclusive workforce.

Key FY18-20 targets

  • Maintain employee engagement score above 80%
  • Increase women in management to 50% by 2020.

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Sponsoring women to succeed

Our Senior Women’s Sponsorship Program connects talented, high-potential senior female managers with an Executive member to advocate for their career development and ultimately progress gender equality in General Manager and Executive roles.

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Find out more

Read more in our Employee Engagement, Development, Diversity and Inclusion Deep Dive and People Data Pack.

Residents enjoy bowls and the community garden at Stockland's Mernda Retirement Village in Mernda, Victoria.

Sustainability Performance

The Golden Sun Moth Park at Stockland's award-winning Highlands masterplanned community in Craigieburn, Vic.

Sustainability News

The inclusive playground at Stockland's Cloverton masterplanned community at Kalkallo, Vic

Sustainability Downloads

Stockland Sustainability - A Better Tomorrow

A Better Tomorrow

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