Snapshot
 Last year we shared our aims for our Climate Change Action Plan. Over the past year we have refined these aims: |
 This year we have achieved a number of outcomes towards our aims: |
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| Structure and set emissions targets. | We are near completion of a robust database – our CCAP Online Tool. We intend to expand the tool into scenario modelling to assist with setting ‘informed’ emissions reduction targets. | |
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| Capture the short and long-term value of our actions. | We have invested in a range of energy efficiency solutions across our retail and office portfolios. We know that some solutions will deliver a short-term efficiency improvement, while investing in new technology might come at significant initial cost but will underpin longer-term efficiency solutions. We’re committed to return-on-investment modelling, to better understand achieved and future costs and efficiencies. | |
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| Commit to effective carbon markets. | We have engaged in dialogue with Government and industry in the development of an ETS and scope for complementary mechanisms and incentives for carbon abatement in the property sector. We are not currently looking to procure offsets. Our principal focus is to invest in energy efficiency, achieving longer term savings and reducing emissions. We have begun exploring the procurement of green power for offices, responding to tenants’ demand for higher rated tenancies. |
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| Provide leadership beyond our direct influence. | We have embarked on a Sustainable Supply Chain Management program, engaging some of our largest suppliers on environmental performance, including emissions measurement. | |
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| Commit to innovation – investigating new ways to manage and develop property assets. | We have undertaken a number of investigations of low-carbon technologies. Redevelopment of our Sydney office (Stockhome) demonstrates what can be done with an existing building. | |
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| Use meaningful metrics to measure and communicate our performance relative to our peers. | Our CCAP Online Tool will include intensity metrics. We also remain committed to the annual NABERS review of our office portfolio. | |
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