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Title

Creating Sustainable Communities

Lauren Cassar, Community Partnerships Manager, Sustainable Communities

• 42 Shopping Centres ‐ Value $5billion, $5.6 billion in sales per year• 70 Residential Developments – Value $23billion, 88,000 lots • 62 Retirement Villages ‐ 7984 units• 21 Office properties – value $1.9bn

What does Stockland do?

• Contributing to and participating in communities is central to what we do. • Stockland helps to create communities through our Residential, Commercial

Property and Retirement Living projects.• A role in developing and sustaining them through considered design and the

approach we take to operating our assets. • Community development and community involvement.

Stockland Macquarie Park & North Ryde

Sustainable Communities

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To Develop

• 3R’s structure - a commitment to consistent sustainability practices across the businesses

• Minimum standards set across all 3 businesses – Built Infrastructure & Soft Initiatives

• Green Star Communities• Integrated Reporting• Measuring Social Impact, Shared Value and quality of partnerships• National partnership platform with set criteria• Community Development plans for all assets and projects• Sustainability integrated into Development Process• Community Involvement

Stockland Community Development

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To Develop

Integrated Reporting

• Annual Review 2012 – our first to combine financial, social and environmentalperformance.

• Our approach to sustainability is delivering improved returns for investors.

• International pilot led by the International Integrated Reporting Committee (IIRC). 

• Participation in discussions with global reporting leaders, learning from their experiences, reviewed  our own stakeholder reporting framework.

Our full reporting suite for 2012:• Annual Review – strategy, corporate governance, financial, social and environmental performance.

• Shareholder Review – a concise version ofthe Annual Review sent to all security holders.• Financial Report – a detailed account of our FY12 financial performance.

• Property Portfolio – details on each of theassets within our portfolio, updated everysix months.

• Sustainability performance (online only) –in‐depth annual sustainability performance,               including detailed discussion on our         material issues. 

•FY13 – Review outcomes – further enhance transparency and accessibility of reporting.

Shared Value/Measurement

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To Develop

• Working with CSI - Mapping current partnerships to understand inputs, outputs, alignment to strategy and outcomes achieved.

• SROI through Net Balance -Typical Stockland retirement village contribution of value to residents, family and the local community every year = $2.9m

• Liveability study

Stockland has developed a robust survey to measure Liveability in our residential communities

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Liveability Measurement ToolCollaboration

To Develop 5050

Questions

Over 1,100 households responses across three states (to date)

Our Findings confirm that investment in Community infrastructurehas a direct impact on resident personal wellbeing

Overall satisfaction with living in the community

Residents rate their personal wellbeing highly•Personal wellbeing in Stockland communities is well above the Australian average •This has been driven by our approach to responsible greenfield development and investment in the early delivery of social infrastructure and community development activity •Results can vary depending on the level of investment that can be provided at each community

Community assets that drive satisfaction & Wellbeing:•Quality parks and green spaces•A sense of belonging and identity•Community events •Access to amenity (shops, transport)•Quality educational opportunities •Landscaping and maintenance

Elements that impact adversely on Wellbeing •Access to localised employment & adult education •Lack of public transport options •Diversity of recreational facilities

Only 1 in 5 residents work within local area and most from home

To Develop

• Despite relatively low unemployment, 81% of residents work more than 10km away from their home. With many who work locally, working from home. Adequate technology is critical for work from home (often supplementary h/hold income)

• This results in over 65% residents who commute greater than 30min (each way) with an average of 36mins. Around 30% have a commute time over 45min.

• Satisfaction and well being is lowest for those with longest commute time

Note: Work Locally is within 10km of home

36 minsaverage commute time

28 minsaverage commute time

36 minsaverage commute time

39 minsaverage commute time

35 minsaverage commute time

Commute times

Note: Work from home is having a home office

Perception of accessibility to public transport is Poor• Pre-Family residents are less satisfied with public transport access• Mature Families are least likely to believe they will get where needed without problems• Households with one vehicle obviously rely more on walking and public transport

Alternative forms of transport are limited• A private car is the main form of transport for residents• Communities are considered safe to walk and cycle

Public Transport options are limited

 

 

 

 

0 = strongly disagree, 10 = strongly agree

35% 29%

33%

34%

36%

63%

63%

Easy access to public transport

Easy and safe to walk

Easy and safe to cycle

Rated 0‐3/10 Rated 4‐7/10 Rated 8‐10/10

Opportunities for better quality secondary education options

• Quality education opportunities are a principle location and satisfaction driver for Families

• Families with children aged 10-14 are less satisfied with the accessibility of education indicating the need for more local high schools.

• Around 2 in 5 residents feel there is no or inadequate access to adult education services and training

Access to Education Services

Recreational Assets: Parks and open spaces are very well utilised, but there is a large demand for other recreational facilities.

To Develop

• Over 1/2 residents indicate there is no or inadequate access to a swimming pool and all 3 communities list swimming as the activity they are most interested in participating in.

• Parks and open spaces, supermarkets and local shops are the facilities used most regularly by residents.

Recreation Facilities Frequency of Use

Access to Recreational Facilities

Summary

• Stockland invests to create Greenfield residential communities that deliver high levels of personal wellbeing and satisfaction

• However, additional Federal support is required to help councils and developers accelerate the delivery of:• Local Area Employment • Public Transport • Educational Opportunities • Diversity of Recreational Facilities