The past year has been a period of consolidating some practices, as we have sought to improve our CR&S performance through further embedding CR&S actions into the business.

CR&S at Stockland
Our approach is framed around our responsibilities to our stakeholders and our impact on the environment.

Our highlights in Australia include:

• Listing, on our first application, on the Dow Jones Sustainability Index World Real Estate sector. The Index represents the top 10 per cent of the leading sustainability companies globally. We are also included in the FTSE4Good Index which recognises organisations that apply and demonstrate outcomes against environmental, social and governance principles
• Reducing the intensity of our carbon emissions (CO₂-e per m²):
  – By 11 per cent for our Australian office portfolio
  – By 6 per cent for our Australian retail portfolio.
• Engaging our suppliers, particularly our larger building partners representing 17 per cent of our supply chain spend, on shared sustainability risks and opportunities
• Enhancing our approach to stakeholder engagement, underpinned by a common stakeholder engagement framework
• Sustaining our high employee engagement scores, despite challenging market conditions
• Launching workplace giving and expanding volunteering opportunities for our people nationally.

Our priorities for the coming year include:

• Streamlining our sustainability process documents – our Residential Sustainability Policy, our Office and Industrial Manual, and our Retail Charter – and implementing these documents across our business activities
• Aligning our eco-efficiency² approaches to both the Retail and Office (now Commercial Property) portfolios
• Better understanding the physical risks associated with climate change – and the implications for our business
• Further enhancing our stakeholder engagement practices, including improving our dialogue with communities on current and future projects.
  
  

2 Eco-efficiency is a term defined by the World Business Council for Sustainable Development as “creating more goods and services with ever less use of resources, waste and pollution.”