Stockland recognised as worlds most sustainable real estate company
Every year, more and more investors are considering environmental, social, and governance (ESG) factors when putting together their portfolios. In recognition of the growing appetite for ESG information among investors, Stockland participates in investor ESG surveys to disclose our performance and benchmark our approach.
In September 2018, we achieved world-leading results from two investor ESG surveys – the Dow Jones Sustainability Index (DJSI) and the Global Real Estate Sustainability Benchmark (GRESB).
We were recognised as the most sustainable real estate group in the world in the 2018-2019 DJSI. This is the fifth time we have led the world since 2010, and the twelfth consecutive year that we have been included on the World DJSI.
The DJSI identifies and assesses a broad range of categories including as corporate governance, risk management, climate change strategy, environmental management, human capital development and stakeholder engagement. The ESG factors assessed by DJSI are known to impact on a company’s long-term financial performance and are linked to sound risk management and governance.
Mark Steinert, Managing Director and CEO at Stockland, said: “Stockland is incredibly proud to be recognised once again as the most sustainable real estate group in the world. Having been a member of the DJSI World for the past twelve years, this accolade truly demonstrates our commitment to sustainability leadership.”
Our leadership was also recognised by GRESB, which ranked Stockland as the Global Sector Leader for a listed company in the Diversified – Office/Retail category. GRESB assesses ESG performance of real estate assets worldwide and monitors our sectors’ progress towards sustainability goals. Based off our best ever overall score of 91 out of 100 across Environmental, Social and Governance (ESG) benchmarks, we outranked eight competitors in Australia, and globally ranked second out of 103 Diversified – Office/Retail entrants (listed and unlisted).
Davina Rooney, General Manager - Sustainability and Corporate Procurement, said the ranking demonstrates Stockland’s commitment to sustainability and our leadership in Australia.
"Achieving this ‘Sector Leader’ status from GRESB would not be possible without the unwavering commitment of our people to delivering sustainable outcomes across our retail town centres and workplace and logistics assets.
"This achievement is the cumulative result of the hard work at our assets to ensure they perform at their peak - from fixing water leaks and upgrading lighting to industry-leading solar installations - as well as a commitment to benchmark reporting.
These great results are testament to how we have integrated sustainability into our business strategy to create vibrant and thriving places to shop, work and live, now and into the future. Moreover, the outcomes serve as important validations of our performance to the market and inspire us to continuously raise the global benchmark for sustainability.
A Better Tomorrow: a blueprint for sustainability leadership
A Better Tomorrow: A blueprint for sustainability leadership explains how we have been able to sustain our world leadership credentials through genuine integration of sustainability into our corporate strategy.