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CR&S 2010<br />
Our approach<br />
Residential Sustainability<br />
Policy<br />
Our Residential sustainability policy was<br />
developed to ensure consistency in our<br />
sustainability approach and delivery<br />
across all of our Residential projects.<br />
The policy sets minimum<br />
sustainability performance<br />
standards and includes ‘Residential<br />
Sustainability Essentials’ aligned<br />
to sustainability priority areas.<br />
Examples of essentials initiatives include<br />
assessing flood risk, developing a<br />
community development action plan<br />
and applying water-sensitive urban<br />
design principles.<br />
Our ‘Residential Sustainability Essentials’<br />
apply to new projects from acquisition<br />
through to project completion. They also<br />
apply to existing projects for any new<br />
stages and for ongoing management. The<br />
policy maps these initiatives across the<br />
lifecycle of a project and also defines key<br />
performance indicators for Development,<br />
Design, Marketing and Sales employees.<br />
The four sustainability priority areas are:<br />
• Society – Our role in contributing<br />
to a strong, vibrant, healthy and<br />
economically-viable society (including<br />
housing affordability, economic<br />
contribution and job creation),<br />
• Community development – The soft<br />
and hard infrastructure that create<br />
a sustainable community,<br />
• Energy and climate change –<br />
Our energy management approach<br />
and our current and future climate<br />
change impact,<br />
• Natural resources – water and<br />
biodiversity – Our water management<br />
approach and our impact on<br />
biodiversity through developments.<br />
Our Residential business unit’s<br />
sustainability priorities and strategy were<br />
approved in May 2009. Following this,<br />
we engaged with internal stakeholders to<br />
revise the Residential sustainability policy<br />
in line with our Group CR&S Strategy.<br />
The release of the Residential<br />
sustainability policy was postponed to<br />
early 2010 to ensure inclusion of our<br />
community development approach and<br />
toolkit and was communicated to the<br />
Residential Communities business by<br />
our state General Managers in March<br />
and April 2010. Training on the policy was<br />
provided to all Residential Development<br />
Managers in April 2010.<br />
We will review and update the policy<br />
annually or more often when necessary.<br />
Residential sustainability policy<br />
SOCIETY<br />
PRIORITIES<br />
Our broader role in contributing<br />
to a strong, vibrant, healthy<br />
and economically viable society.<br />
Housing affordability, economic<br />
contribution and job creation.<br />
ENERGY AND<br />
CLIMATE CHANGE<br />
Our energy management<br />
approach and our current and<br />
future climate change impact<br />
OUR PRIORITIES<br />
Residential<br />
Sustainability<br />
Policy<br />
COMMUNITY<br />
DEVELOPMENT<br />
The soft and hard<br />
infrastructure that create a<br />
sustainable community<br />
NATURAL RESOURCES<br />
– WATER AND BIODIVERSITY<br />
Our water management<br />
approach and our impact<br />
on biological diversity<br />
through developments<br />
18<br />
<strong>Stockland</strong> Corporate Responsibility & Sustainability Report June 2010
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