Download PDF - Stockland

Retirement Living
Sustainability Policy
Retirement Living, formerly part of the
Residential business and covered by the
Residential sustainability policy, became
a separate business from 1 July 2009.
Following the elevation of Retirement
Living to a stand-alone business
within the organisation, a review
identified the need to develop an
aligned but tailored approach to
sustainability strategy and policy
in Retirement Living.
A cross-functional group of internal
Retirement Living stakeholders
participated in a sustainability strategy
workshop in October 2009. The
group included representatives from
Sustainability, Marketing, Sales,
Operations, Development and Design.
The workshop resulted in agreement
on the four priority areas for Retirement
Living, which were approved by the
Retirement Living Leadership Team
and the CR&S Board Committee in
February 2010.
The four sustainability priority areas are:
• Community development –
Create and enable healthy, vibrant
communities that over 65s want to
be a part of,
• Ageing population – Be a positive
contributor to the challenges
presented by an ageing population
and leverage this for our business,
• Energy and climate change –
Improve energy efficiency, reduce
costs for our business and residents,
and manage climate change impacts,
• Natural resources – water and
biodiversity – Manage our impact
on natural resources and reduce
costs for our business and residents.
These areas form the focus of the
Retirement Living sustainability policy,
which requires every project to deliver
a minimum consistent performance
for sustainability.
The policy also contains ‘Retirement
Living Sustainability Essentials’. Examples
of essential initiatives include access to
public transport, reductions in potable
water use and climate change risk review.
The essentials apply to new projects from
acquisition through to project completion.
They also apply to existing projects for any
new stages and for ongoing management.
Retirement Living sustainability policy
AGEING POPULATION
Leverage critical mass in
the provision of appropriate
affordable, vibrant and healthy
accommodation and service
ENERGY AND
CLIMATE CHANGE
One energy management
approach and our current and
future climate change impact
OUR PRIORITIES
Retirement
Living
Sustainability
Policy
COMMUNITY
DEVELOPMENT
The soft and hard
infrastructure that create a
sustainable community
NATURAL RESOURCES
– WATER AND BIODIVERSITY
Our water management
approach and our impact
on biological diversity
through developments
Stockland Corporate Responsibility & Sustainability Report June 2010
19