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stockland CR&S
Board Committee
We also continue to be included in the Dow
Jones Sustainability Index (DJSI World),
the FTSE4Good Index and the Australian
Climate Leadership Index.
People
Our management team and skilled
employees have been integral to our
success over the past year. They have
worked hard to ensure we have the
right capabilities to continue to develop
our business.
Our focus on learning and
development was recognised in this
year’s annual employee survey with
employees rating our programs well
above the global high performing
norm and we again achieved a
strong employee engagement
score of 82 per cent.
Also, our commitment to gender diversity
and flexible work practices is delivering
business benefits, with the proportion
of employees returning from parental
leave increasing from 69 per cent to
82 per cent during FY10 resulting in
improved productivity.
Contributing to local communities
We aim to create vibrant communities
that thrive long after we have completed
development and in order to achieve this,
we understand that a focus on social
sustainability needs to be integrated into
the way we do business – this is true
across all asset types. We have found
that a sense of community is an
important purchase driver for our
residential customers.
In our Retirement Living business, this
is rated as one of the key reasons for
selecting a village. For our retail centres,
working with stakeholders to contribute to
the local area is vital as a shopping centre
is often a hub for the local community.
Over the coming year we will develop an
organisation-wide community strategy,
and identify key metrics to benchmark our
performance, including our contribution
to local employment and the livability
of our communities.
Climate change and energy efficiency
Throughout the year we continued
to advocate for streamlined reporting
systems, and incentives for improved
energy efficiency, including initiatives to
encourage the retrofitting and operation
of eco-efficient retail centres. We have
also highlighted the need for our sector to
work in partnership with government and
utilities providers to deliver lower carbon
buildings and communities, with mutually
agreed targets and timeframes.
The eco-efficiency performance of our
office and retail portfolios remains a
key focus. Over the past year across
our office assets we reduced our energy
intensity by 7 per cent, however in our
retail assets we increased our energy
use by 2 per cent. Our investigations
indicate that energy intensity increased in
our newer centres, where retailers have
installed high-intensity lighting generating
considerable heat loads. Our newer
centres also typically encompass better
services requiring more energy, such as
travelators. Further, some of our centres
have increased their trading hours.
To address these issues we will work with
retailers to trial lower energy lighting, and
use tools such as Green Star Retail to
inform our early design decisions. In FY11
we will also report in a way that accounts
for hours of operation.
The year ahead
We will continue to focus on creating
long-term value, from investing in the
eco-efficiency performance of our assets,
to creating and supporting thriving local
communities.
Nick Greiner
Chair of CR&S Board Committee
Graham Bradley
Chairman
Barry Neil
Non-Executive Director
Matthew Quinn
Managing Director
Top left to right:
Graham Bradley (Chairman);
Nick Greiner (Chair of CR&S Board Committee);
Barry Neil (Non-Executive Director);
Matthew Quinn (Managing Director);
Karyn Munsie (Executive General Manager,
Corporate Affairs);
Siobhan Toohill (General Manager,
Corporate Responsibility and Sustainability).
Stockland Corporate Responsibility & Sustainability Report June 2010
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