creating sustainable communities · • 70 residential developments –value $23billion, 88,000...
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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
Internet search
Project drive through
Sales Office
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
Internet search
Project drive through
Sales Office
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
Internet search
Project drive through
Sales Office
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
Internet search
Project drive through
Sales Office
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