Stockland tops Climate Disclosure A List
31 October 2017
Stockland is the only Australian company to get on CDP’s Climate A-List, which celebrates companies that have outperformed on disclosure, awareness, management and leadership related to environmental performance.
Stockland was one of five real estate companies and 112 companies in total to be placed on the A List.
“The implementation of our strategy and associated initiatives and investments have made Stockland a world-leader in sustainability,” Stockland managing director and chief executive Mark Steinert said.
“Receiving the highest ‘A’ rating on the CDP Climate A list for the second year in a row is a great honour.”
He said the company had saved $78 million since 2006 due to energy efficiency improvements, and was on its way to hit a 60 per cent reduction in carbon intensity by 2025.
Investa Office Fund, Vicinity Centres, Dexus and Westfield Corporation came close with A- ratings, while Growthpoint Properties scored a B; GPT, Charter Hall and Scentre scored a C; and BWP a D.
Many companies failed to provide sufficient information, leading to an ‘F’ score, including Lendlease, Mirvac, Goodman and Cromwell.
“The scoring methodology assess the level of detail and comprehensiveness in a response, as well as the company’s awareness of environmental issues, its management methods, and progress towards environmental stewardship,” a CDP statement said.
“CDP scoring does not yet make any assessment of the impacts of a company’s disclosed environmental management or environmental risk mitigation activities. The CDP score is based solely on activities and positions disclosed in the CDP response, which are necessarily limited in nature. It therefore does not consider the range of other company actions not mentioned in the response, and score users are asked to be mindful that actions not mentioned in the response may be environmentally positive or negative.”