About Stockland

FY09 highlights and priorities for FY10

Overall performance summary

Last year we said we would:		This past year we have:		In the coming year our priorities are to:
Implement the Residential sustainability policy and develop an aligned policy for Commercial Property. Develop sustainability scorecards for all development projects and commence reporting against these scorecards.		Created a more robust CR&S strategy for our Residential business focusing on our key priorities. We developed draft project scorecards, but did not commence reporting against them.		Streamline our CR&S approach to create more consistency across our business units and properties. This includes delivering on the actions set out in our Residential sustainability strategy, and clearly articulating our Commercial Property CR&S policy. Commence reporting on our development projects through the use of scorecards. Continue to reduce the intensity of greenhouse gas emissions and water use across our Commercial property assets. Continue assessment of climate change risk for our projects, including possible sea level rise and extreme weather events such as bushfires. Further embed stakeholder engagement plans for projects and business units to support shorter approval times and manage issues that are important to our stakeholders. Implement community development initiatives across Commercial Property and Residential projects.
Integrate CR&S actions into the business plan for Retirement Living.		Developed a CR&S plan for Retirement Living and created a more robust strategy as part of the Residential CR&S strategy.
Continue to report on our performance against the UN Principles for Responsible Investment (UN PRI).		Responded to UN PRI in 2009 and continued to focus on improving the sustainability performance of our assets.

Our highlights in FY09 include:

• Achieved 'Gold' membership of the Dow Jones Sustainability Index World. The Index represents the top 10 per cent of the leading companies globally, with four property companies awarded 'Gold' status. We are also included in the FTSE4Good Index which recognises organisations that apply and demonstrate outcomes against environmental, social and governance principles,
• Listed in the Australian Climate Leadership Index in 2008 which rates companies with advanced strategies on climate change,
• Two projects, Stockhome and 2 Victoria Avenue, Perth, attained their final Green Star accreditation with both achieving 6 Stars (World Leadership),
• A greater focus on business unit CR&S plans and employee CR&S objectives.