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Stockland chases cleaner, greener property portfolio in bid for net zero emissions by 2030

Stockland
Location
National
Investment
Housing
Property
Sustainable Cities
Category
Renewable energy

Retirement living green makeover

Australian property group Stockland is undertaking a portfolio-wide energy efficiency retrofit program, as well as the development of a market-leading Green Star design standard for new-build retirement living. 

Energy efficient initiatives implemented under the program will help make Stockland’s logistics centres, retirement living operations and corporate head offices more sustainable.

The work will include the design and construction of a new retirement living centre that will target a 35 per cent improvement in emissions reduction levels compared with current building code requirements.

RS2426 Stockland Merrylands During Installation (002) Scr
Improving the energy efficiency of our assets improves environmental outcomes, provides economic advantages for our business, and supports thriving, resilient communities.
Mark Steinert
Stockland

Targeting net zero emissions by 2030

Stockland is aiming to achieve net zero emissions by 2030 across its logistics centres, retirement living operations and corporate head offices. It has already reduced its the carbon intensity of its commercial property assets by 57 per cent, alongside a $33 million investment in solar PV.

 

Net zero
by 2030
57%
cut to carbon density
$33m
solar PV investment

Clean energy measures

In its next wave of carbon reduction initiative, Stockland will draw on CEFC finance to:

  • Accelerate the installation of 11MW of solar across its logistics business, including 770KW of solar PV at Sydney’s Yennora Intermodal Distribution Centre, which boasts 30 hectares of warehousing
  • Develop a market-leading scheme to trade solar energy among Stockland assets, so that excess energy generated at its industrial and logistics premises can support other Stockland Group businesses
  • Support the adoption of solar and battery installation in residential properties
  • Accelerate renewable energy and energy efficiency programs within retirement living centres.

The CEFC has committed up to $75 million through a senior debt facility to finance the initiatives.

According to the Australian Sustainable Built Environment Council, the property sector is responsible for about 23 per cent of Australia’s greenhouse gas emissions. (See Australian Sustainable Built Environment Council report, Low Carbon, High Performance).

 

National, Housing, Property, Sustainable Cities, Renewable energy