CR&S Report 2009 - Stockland

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OUR CR&SAPPROACHSTOCKLAND UK PERFORMANCE SUMMARYPastLast year, we said we would:STOCKLAND UKBusiness climateThe past 12 months have been a challengingtime for the UK commercial property industry,which has witnessed a fall of over 25 percent in capital values in the year to May2009, with the total fall in capital values nowexpected to reach approximately 50 per centin the second half of 2009. These pressuresare further compounded by considerabledownward pressures on rental growth andincreasing levels of tenant administrations.Against this challenging backdrop, weare continuing to focus on our enhancingrelationships with our tenants to help supportthem through this difficult period.PresentThis past year, we have:The current economic environment hasforced us to refocus our FY09 CR&S strategy.In particular, it has affected our ability tolaunch a formal program of work to engageour tenants and joint venture partners onCR&S. With the financial pressures thatthese businesses are currently under, andthe proposed sale of our UK assets, wefeel that engaging our customers on newinitiatives at the present time may provecounter-productive. We do, however, remaincommitted to progressing this work once theexternal environment allows.FutureIn the coming year, our prioritiesare to:Developing the UK sustainabilitystrategyOur UK CR&S Committee is made up of keyemployees from across the business. TheCommittee worked closely with the Australianbusiness to formulate our FY09 strategy andimplement this strategy across the business.The focal point for the business in FY09 interms of sustainability has been our existingasset management portfolio. We havecontinued to measure the carbon footprintof our most energy-intensive assets and areworking to identify and implement measuresto reduce the energy consumption ofthese assets. We also focused on meetingemerging environmental sustainabilityregulating requirements.We held a series of environmentalsustainability workshops in the year toeducate employees and develop a tailoredsustainability approach for our assetmanagement and major project areas of thebusiness. Over 90 per cent of employees inthese teams attended these workshops.This year we have also continued to place astrong emphasis on employee engagementand have achieved very positive results asmeasured by our annual employee survey, aswell as a high level of employee participationin the giving and volunteering activities wehave run throughout the year.Stockland UK information in this reportThis report includes information on employeevolunteering and community investment inour UK business, and on our communitydevelopment project in Harlow in Essex(page 42).Employee data in our people sectionincludes UK employees unless otherwisestated (page 24 – 26, 28 – 31). We outlineUK environmental regulation affectingour industry in the Regulation section(page 48 – 49).20Stockland Corporate Responsibility & Sustainability Report 30 June 2009
United Nations’ Principles for Responsible InvestmentRESPONSIBLE INVESTMENTPERFORMANCE SUMMARYWe became a signatory to two investmentfocusedinitiatives in our previous reportingyear: the Investor Group on Climate Change(IGCC) and the United Nations’ Principles forResponsible Investment (UN PRI).Initially, these initiatives were sponsoredby our Unlisted Property Funds (UPF)business, however we have come to applythe principles of these organisations tothe management of our properties andprojects - beyond those held in UPF.PrinciplesUN Principles for Responsible InvestmentPresentThis past year, we have:A Guide to Corporate ResponsibilityReporting in the Property SectorStockland Corporate Responsibility & Sustainability Report 30 June 2009 21
Page 1 and 2: 2009Corporate Responsibility & Sust
Page 3 and 4: Recognising the significance of thi
Page 5 and 6: BUSINESS BY GEOGRAPHYBUSINESS BY AS
Page 7 and 8: Builder (principal contractor)We ge
Page 9 and 10: About Stockland - Progress and prio
Page 11 and 12: FY09 HighlightsOUR HIGHLIGHTS IN FY
Page 13 and 14: CR&S STRATEGYWe revised our CR&S st
Page 15 and 16: PRIORITYPROJECTS WITHA STAKEHOLDERP
Page 17 and 18: OUR CR&S APPROACHCASE STUDYStocklan
Page 19: Developing the Residentialsustainab
Page 23 and 24: Valuing our people - Progress and p
Page 25 and 26: The area in which we scored most fa
Page 27: Employee benefitsWe support our emp
Page 30 and 31: VALUING OURPEOPLEEngaging our emplo
Page 32 and 33: ContentsOur customers and suppliers
Page 34 and 35: OUR CUSTOMERSAND SUPPLIERSOUR CUSTO
Page 36 and 37: OUR CUSTOMERSAND SUPPLIERSRESPONDIN
Page 38 and 39: ContentsCommunity 38Community devel
Page 40 and 41: COMMUNITYRESIDENTIALPROJECTS WITHA
Page 42 and 43: COMMUNITYCOMMUNITY INVOLVEMENTOur c
Page 44 and 45: ContentsClimate change and energy 4
Page 46 and 47: CLIMATE CHANGEAND ENERGYCLIMATE CHA
Page 48 and 49: CLIMATE CHANGEAND ENERGYREGULATIONT
Page 50 and 51: CLIMATE CHANGEAND ENERGYTOTAL STOCK
Page 52 and 53: CLIMATE CHANGEAND ENERGYCLIMATE CHA
Page 54 and 55: CLIMATE CHANGEAND ENERGYResidential
Page 56 and 57: ELECTRICITY INTENSITY (kWh/m 2 ) FY
Page 58 and 59: ContentsNatural resources 58Biodive
Page 60 and 61: NATURALRESOURCESNATURAL RESOURCESTh
Page 62 and 63: NATURALRESOURCESNATURAL RESOURCESCA
Page 64 and 65: NATURALRESOURCESNATURAL RESOURCESCA
Page 66 and 67: NABERS ratingsNow, in response to t
Page 68 and 69: Global Reporting Initiative (GRI) i
Page 70 and 71:
Global Reporting Initiative (GRI) i
Page 72 and 73:
Page 74 and 75:
Page 76 and 77:
Independent Assurance Statement76ST
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CR&S Report 2009 - Stockland

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