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UN Principles for Responsible Investment<br />
Responsible Investment<br />
We remain committed to responsible<br />
investment practices through our<br />
work with the Investor Group on<br />
Climate Change and as a signatory<br />
to the UN Principles for Responsible<br />
Investment. Initially the principles<br />
were sponsored by our Unlisted<br />
Property Fund. However we now apply<br />
these principles to the organisation’s<br />
development and management of<br />
properties and projects.<br />
Principles<br />
UN Principles for Responsible Investment<br />
1. We will incorporate environmental, social and<br />
governance (ESG) issues into the investment analysis<br />
and decision-making process.<br />
2. We will be active owners and incorporate ESG issues into<br />
our ownership policies and practices.<br />
Present<br />
This past year, we have:<br />
Developed and implemented a number of analysis, research<br />
projects and decision-making tools, such as carbon abatement<br />
cost curves and our project performance risk assessment tool.<br />
Revised and aligned our CR&S strategy with our Residential,<br />
Retirement Living and Commercial Property sustainability policies<br />
and benchmarks. The policies inform our ESG investment analysis<br />
and decision-making process.<br />
3. We will seek appropriate disclosure on ESG issues by the<br />
entities in which we invest.<br />
Disclosed the environmental and social performance of our projects<br />
and properties and engaged with our stakeholders through our<br />
annual CR&S reporting.<br />
4. We will promote acceptance and implementation of the<br />
Principles within the investment industry.<br />
Initiated engagement with our property peers and service providers<br />
on the purpose of the principles and to promote ESG performance<br />
indicators. We communicate our CR&S performance to our investors<br />
as part of our bi-annual investor presentations.<br />
5. We will work together to enhance our effectiveness in<br />
implementing the Principles.<br />
Continued to work with peers to develop ‘A Guide to Corporate<br />
Responsibility in the Property Sector’ to encourage consistent<br />
industry reporting metrics. We also became an Organisational<br />
Stakeholder of the Global Reporting Initiative to support and enhance<br />
the effectiveness of ESG principles and reporting frameworks.<br />
6. We will report on our activities and progress towards<br />
implementing the Principles.<br />
We are committed to reporting on our progress in future<br />
CR&S reports.<br />
<strong>Stockland</strong> Corporate Responsibility & Sustainability Report June 2010<br />
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