Sydney, Australia (PressExposure) December 08, 2009 -- Stockland has been named Sustainable Company of the Year at the 9th Australian Sustainability Awards at a luncheon in Melbourne today.
The Awards, hosted annually by Ethical Investor magazine, recognise outstanding achievement by Australian Securities Exchange-listed companies in a range of areas of corporate sustainability.
Stockland received the award for its ongoing commitment to sustainability, balancing environmental, social and economic outcomes.
Stockland Managing Director Matthew Quinn said the company was delighted to have been recognised by Ethical Investor for its commitment to operate ethically, responsibly and in a sustainable way.
âWe have achieved a great deal this year by creating a more robust sustainability strategy for our Residential and Retirement Living businesses, as well as continuing to focus on improving the sustainability performance of our assets,â said Mr Quinn.
Stockland was also recognised for its commitment to creating sustainable and vibrant communities through stakeholder engagement, community development and community involvement. âAt Stockland, we aim to create sustainable and vibrant communities by engaging with the local community and other key stakeholders,â Mr Quinn said.
This approach has been formalised over the past year with the development of a Stakeholder Engagement Framework and clear stakeholder engagement plan templates for all of its projects.
âWe are currently refining our community development plans and aim to introduce world-class initiatives on social sustainability.
âOur community investment program has been developed by our people and allows us to make a positive impact in the communities in which we operate,â said Mr Quinn.
Stockland contributed $3.4 million in community investment in FY09, with more than 44 percent of employees volunteering time to mentor students and support local communities. Stockland environmental highlights from the past year include:
â¢ Achieved âGoldâ membership of the Dow Jones Sustainability Index World in early 2009. The Index represents the top 10 percent of the leading companies globally, with four property companies awarded âGoldâ status. Stockland is also included in the FTESE4Good Index which recognises organisations that apply and demonstrate outcomes against environmental, social and governance principles.
â¢ Listed in the Australian Climate Leadership Index in 2009 which rates companies with advanced strategies on climate change.
â¢ Two projects, Stockhome and 2 Victoria Avenue, Perth, attained their final Green Star accreditation with both achieving 6 Stars (âWorld Leadershipâ).
For more information please visit http://www.stockland.com.au/About/Sustainability/