This report reflects our performance during our financial year, 1 July 2007 – 30 June 2008 (FY08).
It explores how we see our responsibilities to our stakeholders and the environment, it sets out our Corporate Responsibility and Sustainability (CR&S) Strategy, it looks at how we work with people within and beyond our business, and finally we discuss how we have responded to interests, risks and opportunities over this time. We highlight our achievements, as well as share our ongoing and emerging challenges for our business.
The report this year is being produced in three forms:
- CR&S Summary Review – distributed to investors
- CR&S Report – this detailed report is available for download from www.stockland.com as a PDF document
- CR&S HTML – an interactive online version of our report to be available at www.stockland.com
To best reflect our responsibilities in this report, we have engaged our employees and a range of external stakeholders with specific interests and expertise in each of the dimensions addressed by our CR&S strategy.
To identify our most material issues, shape the content of this report and support the assurance process, we appointed an employee editorial panel. We’ve also reviewed this report with our CR&S Board Committee and the CR&S Employee Committee. Together with our 2008 Financial Report and our 2008 Shareholder Review, this report gives a full account of our environmental, social, governance and financial performance for the year.
We have chosen to submit our report to assurance again this year, applying the AA1000 Assurance Standard’s principles of materiality, responsiveness and completeness.
We have also reported against Global Reporting Initiative (GRI) criteria, complying with the GRI application level B+ (third party checked). We have applied GRI criteria to our Australian operations only. Our response to GRI criteria varies in response to our level of control as owner, manager, developer and/or fund manager of assets.
This year, our report also includes our Retirement Living business – acquired in early 2007. Stockland UK, also acquired in early 2007 has reported separately at the close of this document. We propose to more fully integrate Stockland UK into our report next year and apply GRI criteria across our global operations.
