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Independent Assurance Statement
Stockland Corporate Responsibility & Sustainability (CR&S) Report 2010
To the Board, Management and Stakeholders of Stockland,
Banarra was commissioned by Stockland to assure its CR&S Report 2010 (the Report)
against the AA1000 Assurance Standard (2008) (AA1000AS). Banarra was also
commissioned to validate the Report against the Global Reporting Initiative Sustainability
Reporting Guidelines (2006) (GRI). This is Banarra’s fourth reporting cycle with Stockland,
so we have built on our previous understanding of the organisation and its progress.
Assurance scope
The assurance scope is a Type 2 engagement under AA1000AS and includes:
1) Evaluation of the nature and extent to which Stockland adheres to the AA1000
AccountAbility Principles Standard (2008) (AA1000APS) Principles of Inclusivity,
Materiality and Responsiveness and how it communicates this adherence in
the Report. This was evaluated to a high level of assurance.
2) Evaluation of the reliability of the FY10 performance information within the material
issues listed below (excluding UK data). The evaluation was at a moderate level for all
issues except for Energy and Greenhouse Gas Emissions data which was evaluated to
a high level of assurance. The Greenhouse Gas Emissions assurance was conducted in
accordance with AS ISO 14064 – Part 3: Specification with Guidance for the Validation
and Verification of Greenhouse Gas Assertions (2006) and with reference to the National
Greenhouse and Energy Reporting (Audit) Determination (2009).
Material Issues included in Assurance Scope
REPORT SECTION
Our Approach
MATERIAL ISSUE
Stakeholder Engagement
Our People
Employee Engagement (including Pay)
Diversity and Inclusion
Health, Safety and Wellness
Learning and Development
Employee Turnover
Our Marketplace
Customer Engagement
Housing Affordability
Engaging Our Suppliers
Government Relations
Our Community
Community Development
Our Climate and Environment
Climate Change
Energy Efficiency
Water
Waste
Energy and Greenhouse Gas Emissions
The performance information was verified using the criteria in the GRI and the draft Guide
to Corporate Responsibility Reporting in the Property Sector (2009), along with the National
Greenhouse and Energy Reporting (Measurement) Technical Guidelines (2009).
Banarra Assurance Methodology
Within the above scope, our methodology included:
• Interviews with: a) 10 members of the Board and Executive Committee, including
Graham Bradley, Nick Greiner and Matthew Quinn; b) 58 Stockland employees at
corporate, divisional and site levels; and c) 20 external stakeholders;
• Reviews of documentation including sustainability policies, strategies and CR&S
Board Committee Meeting Minutes as well as sustainability management systems;
• Checks of the reliability and accuracy of all quantitative performance information (such
as data sets) and the processes for capturing, aggregating and reporting this data,
through interviews and document review, comparison with the assurance criteria,
re-calculation and cross-checks with corroborative evidence, including sample testing
of source data. Banarra did not review the information management systems for any
third-party supplied data;
Stockland Corporate Responsibility & Sustainability Report June 2010
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