Our Progress

Our Progress

In 2015 we created A Different Way - a whole new way of thinking and working that helps us boldly grow our business in ways that are good for our people, customers and the environment.

We've come a long way since then. This is our progress against our first A Different Way targets, from 2015 - 2017.

Progressive Thinking

  • Innovation

    Implementing a company-wide Innovation Program that will help us bring about sustainability outcomes faster and in a smarter way, in 2016.

  • We launched our Innovation Initiative in 2016, and in 2018 were ranked 83rd in the Australian Financial Review's Most Innovative Companies List.

  • Green light

    Achieved

  • Innovation

    Continuing to identify areas in which we can take an innovative approach to sustainability in our residential, retail, commercial and industrial properties.

  • We're undertaking 5 Innovation Missions across the business and embedding innovation techniques in our decision making processes.

  • Green light

    Achieved

  • Resilience

    Conducting a Climate Risk Assessment on all of our investments, company-wide, by 2016.

  • We undertook climate risk assessments for all properties in 2016, and continue to assess properties as part of Green Star. We've also established a Resilience Policy.

  • Green light

    Achieved

  • Resilience

    Developing Climate Adaptation Plans for properties based on the outcomes of this assessment, commencing in 2016.

  • We undertake a Climate Adaptation Plan on all new projects as part of Green Star.

  • Green light

    Achieved

  • Responsible Investment

    Introducing environmental, social and governance factors into our risk assessment process by 2016.

  • We've achieved this through Green Star requirements and certification. We're also currently developing a CSR Policy.

  • Green light

    Achieved

  • Responsible Investment

    All new commercial, industrial and retail developments to achieve min. 5 star Green Star Design & As Built by 2018.

  • We're achieving a min. 5 star rating on all new industrial buildings and targeting 5 stars for commercial & 6 stars for retail in development.

  • Green light

    Acheived

  • Responsible Investment

    All new residential developments to achieve min. 4 star Green Star Communities or Design & As Built by 2018.

  • We're achieving this on every new development, including at Fairwater, Life - Point Cook and East Green.

  • Green light

    Achieved

  • Responsible Investment

    All new corporate office fitouts to achieve min. 5 star Green Star interiors by 2018.

  • We've achieved 6 star Green Star Interiors at our Sydney head office and Perth office, and are on track for Melbourne.

  • Amber light

    In progress

  • Responsible Investment

    All existing commercial and industrial buildings to achieve an average 4 star Green Star Performance portfolio rating by 2018.

  • We've worked with our tenants and systems to improve the efficiency of our buildings and are on track to achieve a 4 star rating.

  • Amber light

    In progress

Restoring Resources

  • Energy and carbon

    Developing a net positive energy retail centre design by 2017.

  • Burwood Brickworks has been designed to produce 105% of its energy using renewable sources.

  • Green light

    Achieved

  • Energy and carbon

    Incorporating LED lighting and solar PV into all new commercial & industrial developments by 2017.

  • We install LED lighting on all projects, and 100kW solar PV on all NSW, QLD and 6 star Green Star projects.

  • Amber light

    Partially achieved

  • Energy and carbon

    Incorporating renewable energy into all new developments by 2018.

  • We've installed 5.6 MW of solar with another 8.1 MW in the pipeline. Solar PV is included in our residential minimum energy standards  and on all NSW and QLD industrial sites.

  • Amber light

    In progress

  • Energy and carbon

    Achieving a minimum 5 star NABERS Energy tenancy rating (including Green Power) for each of our corporate tenancies by 2018.

  • We've achieved an average 5.1 star rating across our offices without GreenPower and 5.7 stars with GreenPower.

  • Green light

    Achieved

  • Energy and carbon

    Achieving a minimum 5 star NABERS Energy portfolio rating (excluding GreenPower) for our commercial properties by 2018.

  • We've achieved an average 5.0 stars without GreenPower.

  • Green light

    Achieved

  • Energy and carbon

    Undertaking LED and solar PV analysis for all existing commercial and industrial properties by 2018.

  • We've upgraded 67% of our portfolio to LED lighting and installed 1.3 MW of solar PV across 83% of our portfolio.

  • Green light

    Achieved

  • Energy and carbon

    Decreasing our energy intensity company-wide by 20% by 2020.

  • We're installing renewables and increasing efficiency across our projects. For example, our investment properties have reduced like-for-like energy by 27% since 2014.

  • Amber light

    In progress

  • Water

    Reducing water intensity by 1.5% per year for our existing commercial properties.

  • We've reduced like-for-like water intensity by 21% between 2015 and 2017.

  • Green light

    Achieved

  • Water

    Decreasing water intensity company-wide by 20% by 2020.

  • We're installing efficiency measures, including rainwater tanks, on every new project. Our investment properties have reduced water by 17% since 2014.

  • Amber light

    In progress

  • Water

    Re-using water on every new project by 2020.

  • We're installing water storage on every new project.

  • Green light

    Achieved

  • Waste

    Undertaking waste benchmarking and developing operational waste management plans for all our corporate offices by 2017.

  • We developed a corporate operational waste management plan in 2018, and undertook benchmarking in some of our offices.

  • Amber light

    Partially achieved

  • Waste

    Developing operational waste management plans for all our existing commercial properties by 2018.

  • We've developed an operational waste management plan, and have achieved one of the first NABERS Waste ratings.

  • Green light

    Achieved

  • Waste

    Achieving 90% recycling rates across the business by 2020.

  • We've achieved 94% recycling across our development business.

  • Green light

    Achieved

  • Biodiversity

    Reviewing our company-wide biodiversity approach, to understand our impact and potential for value creation, by 2016.

  • We've established a Biodiversity Working Group and are identifying how we can feature biodiversity and biophilia on every project.

  • Red light

    Not achieved

  • Materials and supply chain

    Undertaking a supply chain review by 2016, to identify risks and opportunities.

  • We've undertaken a preliminary supply chain review and are now engaging our supply chain, including around modern slavery.

  • Green light

    Achieved

  • Materials and supply chain

    Undertaking a Life Cycle Analysis (LCA) for each of our development types by 2016.

  • We continue to undertake an LCA on projects to inform our design decisions.

  • Green light

    Achieved

People Focused

  • Diversity

    Provide flexible working opportunities for staff and customers during 2016.

  • We've rolled out a formal Flexible Working Policy which encourages an "all roles flex" approach.

  • Green light

    Achieved

  • Diversity

    Implement a gender target by 2016.

  • We've set a target to achieve 40% women in CEO to CEO -3 roles by 2020.

  • Green light

    Achieved

  • Access and value

    All residential developments will provide a minimum of 5% affordable and social housing.

  • We've included significant affordable and social housing requirements in our new sites, such as Ivanhoe.

  • Amber light

    In progress

  • Access and value

    Undertake a review with the aim of providing more flexible and affordable leasing opportunities by 2018.

  • We're providing more flexible and affordable leasing opportunities, such as co-working space at 2 Southbank Boulevard.

  • Amber light

    In progress

  • Skills and Leadership

    Establish the new benchmark in industrial sustainability in Australia and develop a comms plan to support this by 2017.

  • We've achieved the first 6 star Green Star Industrial Park at Horsley Park. We've supported GBCA events at our sites.

  • Green light

    Achieved

  • Skills and Leadership

    Establish the new benchmark in retail sustainability in Australia and support the promotion of the Living Building Challenge Design competition by 2016.

  • Burwood Brickworks aims to the be the first Living Building Challenge Retail centre in the world. Over 40 organisations submitted to the LBC Design competition.

  • Green light

    Acheived

  • Skills and Leadership

    All staff to be trained in sustainability by 2017.

  • We trained 59% of staff in sustainability in 2016 and 2017, and have included sustainability training in our pack for all new starters. Training is available to all staff.

  • Red light

    Not achieved

  • Community

    Establish a shared value measurement tool for use on all projects by 2017.

  • We've launched our Community Investment Strategy, and are working with partners to develop a measurement tool.

  • Red light

    Not achieved