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CR&S 2010
Climate
and our
environment
We are serious about protecting and
enhancing the natural, built and human
environment. The success of our
business depends on the sustainability
of the environments, communities and
economies in which we operate.
We are committed to better understanding
our environmental impacts, and identifying
and mitigating the potential risks
associated with climate change. Improved
understanding of our environmental risks
and impacts informs and benefits all areas
of our business, from project design to
investment decision-making.
Over the past 12 months we have
focused on:
• Mitigating and adapting to climate
change risk,
• Minimising carbon emissions,
• Improving energy and water efficiency,
• Improving diversion of waste
from landfill,
• Managing our use of, and impact
on, natural resources.
Climate change and energy
Climate change
The risks of climate change affect
the way in which our organisation,
governments, communities and
other key stakeholders view the built
environment. We are committed to
improving our understanding of these
risks and opportunities for mitigation
and adaptation.
The Intergovernmental Panel on Climate
Change’s Fourth Assessment report
predicts that likely impacts on property
will include more hot days, more frequent
heavy precipitation and increased
incidence of extreme high sea level.
If realised, these impacts would place
greater demands on the built environment.
In response to these potential risks our
CR&S Board Committee approved our
Climate Change Action Plan (CCAP),
which complements our CR&S strategy.
The vision for our CCAP is to mitigate
and adapt to the risk of climate change.
The plan focuses on five long-term action
themes: monitor, reduce, adapt, innovate
and communicate.
Over the past 12 months we have
undertaken work in these five areas
as we have focused on understanding
and addressing our climate change
risks and opportunities. These risks
and opportunities are explained
in detail in our Carbon Disclosure
Project submission.
Climate Change Action Plan
MONITOR
Streamline reporting
and monitor emissions
and energy use
COMMUNICATE
Effectively communicate
our position
and performance
LONG TERM ACTION THEMES
Climate Change
Action Plan
INNOVATE
Integrate innovative
solutions into operations and
development projects
REDUCE
Reduce emissions where
we have both direct control
and scope to influence
ADAPT
Research and respond
to potential climate risks
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Stockland Corporate Responsibility & Sustainability Report June 2010