Stockland secures triple crown recognition for climate change role

Stockland has been awarded a position on the Climate A List by CDP, the international not-for-profit that drives sustainable economies.

There are 193 “A Listers” on the list.

Thousands of companies submit annual climate disclosures to CDP for independent assessment against its scoring methodology.

Stockland is among 9 percent of corporations participating in CDP’s climate change program to be awarded a position on the Climate A List, in recognition of its actions to reduce emissions and mitigate climate change in the past reporting year.

Stockland has achieved an unprecedented triple crown.

Stockland is the current S&P Dow Jones Sustainability Indices (DJSI) Global Real Estate Sector Leader and also achieved Global Sector and Regional Sector Leader status in the 2016 Global Real Estate Sustainability Benchmark (GRESB) survey in the category Diversified - Retail/Office.

Mark Steinert, Managing Director and CEO at Stockland, said their company purpose was to "create a better way to live." 

The Climate A List is released in CDP’s Out of the starting blocks: Tracking progress on corporate climate action report today.

The report, which establishes the baseline for corporate climate action, reveals that global corporations have started the transition to a low-carbon economy and some are already capitalizing on the opportunities this affords.

Companies’ progress on reducing emissions in line with the goals of the Paris Agreement will be tracked against this baseline in future annual reports.

Stockland’s key achievements and priorities included:

- Commitment to design and technology innovation and access to alternative energy supplies that help us and our customers realise a cost-efficient, low carbon future.

- Focus on incorporating alternative energy, particularly solar photo-voltaic power supply, into commercial premises. Solar installations already in place at Shellharbour, Green Hills and Nowra in NSW. Stockland is currently installing a new solar PV system at Wetherill Park in western Sydney.

- A large portion of Stockland’s retirement village homes have solar PV installations.

- Stockland is currently exploring how solar can be adopted at scale within our Residential business, with the investigation of different network ownership and management models underway.

- Stockland has the largest number of Green Star rated retail properties in Australia, as verified by the GBCA.

- In FY16 alone, Stockland’s investment in energy-efficient measures across various commercial property assets are likely to achieve projected energy savings of approximately 1,718,000kWh, which is the equivalent energy saving of removing 255 passenger vehicles from the road for an entire year.

- Stockland has prioritised the development of Australian and world’s best practice Green Star residential communities across the nation, and the Green Building Council of Australia (GBCA) has rewarded the company’s leading approach to sustainability and liveability.

- The GBCA has accredited six Stockland communities in Sydney, Melbourne, Brisbane and Perth with either 5 or 6 Star Green Star – Communities ratings. The accreditation assesses and recognises design excellence, innovation, environmental responsibility, potential for future economic prosperity and liveability within each community.