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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Developing a net positive energy retail centre design by 2017.
Burwood Brickworks has been designed to produce 105% of its energy using renewable sources.
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.
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.
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.
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.
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.
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.
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.
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.
Re-using water on every new project by 2020.
We're installing water storage on every new project.
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.
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.
Achieving 90% recycling rates across the business by 2020.
We've achieved 94% recycling across our development business.
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.
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.
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.
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.
Implement a gender target by 2016.
We've set a target to achieve 40% women in CEO to CEO -3 roles by 2020.
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.
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.
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.
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.
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.
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.