CR&S Report 2009 - Stockland

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CLIMATE CHANGEAND ENERGYREGULATIONThe past 12 months have seen a significantlevel of new environmental legislationintroduced in the Australian and UKmarkets. For more information on howwe are engaging with government, pleaserefer to the government relations section(page 8). The regulations that affect ourbusiness include:National Greenhouse and EnergyReporting System (NGERS)The National Greenhouse EmissionsReporting Act (NGERA) is a national systemfor reporting greenhouse gas emissionsand energy consumption and production bycorporations. During FY09 we have soughtadvice as we prepare for our first NGERSreport in October 2009, accounting for ouremissions in FY09. Our preparation hasincluded:We have engaged our developmentmanagers and facility managers and manyof our impacted contractors to make themaware of these new reporting requirements.Energy Efficiency Opportunities(EEO) Act, 2006The EEO Act aims to improve theidentification and evaluation of energyefficiency opportunities by large energy-usingbusinesses and encourages implementationof cost-effective opportunities. In 2007, weregistered for EEO participation and set outa reporting schedule. Our reporting schedulewas approved by government in 2008 andwe commenced training and identification ofopportunities to implement energy efficiencyinitiatives across our retail and officeportfolios. We have continued identifyingopportunities and have implemented someof these initiatives.CLIMATE CHANGE REGULATIONMarkettransformationRenewable/decentralisedenergySkillsBuildingcodesFederalgovernmentenergy efficiencyprograms forthe builtenvironmentReportingRatingtoolsIncentivescollection system, known as our ClimateChange Action Plan (CCAP) tool,that all data sets are being captured by ourdata system,of the NGERA to our organisation,an ‘Industry View Document’ to assistwith the interpretation of the NGERA andthe implementation of NGERS reportingfor property organisations and thosecontracting to property organisations.Our EEO report is available on our website,and we submitted our first formal report togovernment in December 2008.InnovationAppliancesGovernmentprocurement48Stockland Corporate Responsibility & Sustainability Report 30 June 2009
Planning approvals and climate changeassessmentClimate change assessments, particularly inrelation to floodplain risk management, areincreasingly expected as part of the planningapproval process for property developmentin Australia. The Victorian coastal strategynow requires consideration of sea level riseas part of planning assessment, proposing aminimum 100 year sea-level rise estimate of80cm be applied for planning purposes. TheNew South Wales Government has prepareda draft sea level risk policy statement, andincludes reference to benchmarks of a riserelative to 1990 of 40cm by 2050 and 90cmby 2100. Similar statements and policies arebeing developed by other local and stategovernments. The federal government is alsoexploring policy related to climate changeadaptation, specifically sea level risk andstorm surge.Building Code of Australia (BCA)– draft amendmentsThe BCA has established minimumrequirements for energy efficiency in newbuildings. Some specific requirements varyfrom state to state. Significant draft changesto the BCA’s energy efficiency provisionswere announced in June 2009. Proposedchanges to the code include requirements forincreased energy efficiency performance andrequirements for renewable energy. We arecurrently engaging with peers and industrygroups to better understand the implicationsof the proposed changes.State-based residential energyefficiency requirementsThe developments of our ResidentialCommunities, Apartments and RetirementLiving businesses are subject to a range ofenergy efficiency requirements. These statebasedrequirements vary in focus, leadingto different built form outcomes in differentstates, for example:Victoria’s 5 Star standard for new housesresults in design solutions concernedmostly with the performance of thebuilt fabric.New South Wales’s BASIX tool resultsin solutions concerned with the energyperformance of the house, encompassingboth the thermal performance of the builtform as well as the selection of technologysuch as energy efficient lighting, cooling/heating and water heating. The tool allowsfor more flexible design responses at lesscost, while ensuring overall emissions arereduced.Council of Australian Governments(COAG) strategy on energy efficiencyThe Draft Strategy on Energy Efficiency wasreleased by the COAG on 30 May 2009.Aspects of the draft strategy with significantimplications for us include:standard setting and performanceassessment frameworks,energy performance in existing commercialbuildings (to be phased in from 2010),eco-efficiency performance of residentialbuildings at point of sale (to be phased infrom May 2011, commencing with energy),for residential to 6 Stars nationally(commencing 2010).The draft sets out the intent of proposalsonly. There is significant work yet to bedone in setting out the detail of legislationand how it will be implemented. There isreference however to improving existingrating tools, providing a harmonised nationalfocus, and improving metrics with a focus ongreenhouse emissions and energy efficiency.We welcome the proposed improvementsand will continue to engage with government,sharing our views and experiences towardsthe effective development of standards andsimplified disclosure protocols.UK Carbon Reduction Commitment(CRC)The CRC is the UK’s first mandatoryemissions trading scheme, supporting thegoals of the UK Climate Change Act. It isestimated that around 5,000 organisationswill initially fall within the scope of the CRC.The scheme is compulsory for organisationsusing more than 6,000MWh/year of halfhourlymetered electricity. The intention of thelegislation is to encourage large organisationsto reduce their fixed source energyconsumption.Commencing in April 2010, the CRC willrequire companies to purchase carbonallowances to cover their projected carbonemissions for each coming 12 month period.At the close of each period, companies willbe required to disclose their actual electricityusage. Organisations will then be rankedaccording to energy efficiency achievement,with revenue from the scheme redistributedto participants based on this performance.To prepare for emerging emissionsregulation, our UK business commencedcollating and reporting on carbon data in2008. Under the CRC we will be required tocommence energy use disclosure for thoseassets where we have half-hour metersin 2010. We are reviewing whether we willbe fully captured by the CRC, requiringparticipation in the trading scheme.UK Energy Performance Certificates(EPCs)As of 1 October 2008, all our UK buildingsrequire an EPC when bought, sold or leased.Larger public buildings are also requiredto display an energy certificate. With allcommercial buildings rated against the samescale, the legislation provides a standardfor potential tenants and purchasers touse to compare the ‘energy efficiency’ ofone building against another. Though thelegislation is still relatively new, it is intendedto create a market for more environmentallysustainablebuildings.We continue to be fully compliant with thislegislation, with EPCs performed for 29 ofour assets to date (either in whole or part).Stockland Corporate Responsibility & Sustainability Report 30 June 2009 49
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 and 20: Developing the Residentialsustainab
Page 21 and 22: United Nations’ Principles for Re
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 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 76 and 77: Independent Assurance Statement76ST

CR&S Report 2009 - Stockland

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