Investa 2008 Sustainability Report

Achieve a weighted average electricity use intensity of 100kWh/m² by March 2010

Progress being made – see the latest energy results

Achieve a weighted average ABGR rating of 4.5 stars by March 2010

Progress being made – see the latest energy results

Achieve a weighted average CO₂-e emission intensity of 120kg.CO₂-e/m² by March 2010

Progress being made – see the latest energy results

Achieve a weighted average water use intensity of 725L/m² by March 2010

Achieved almost 2 years early. 39% reduction since 2003/04

Achieve a weighted average NABERS rating of 3.5 stars by March 2010

Progress being made – see the latest water results

Commence detailed reporting of contractor C&D stats and achieve >60% diversion across all projects by 31 March 2008

Achieved 67%

Divert 70% of C&I waste from landfill to recycling by 31 March 2008

Achieved 68%

Maintain NSCA FiveStar rating

Achieved 99.5%

Implement only Low VOC paints in all base building works by March 2008

Now specified in our Building Guidelines

Commit to accredited NABERS Energy (was ABGR) weighted average rating of 4.5 stars

Achieved – weighted average for CY08 was 4.7

Based on 6&7 Eden Park Drive (both 4.5 stars), 40 Mount Street (5 stars), 436 Johnson Street (4 stars) and s.7 Botanica Corporate Park (4 stars)

Commit to accredited Green Star weighted average rating of 4.5 stars

Achieved – weighted average for CY08 was 4.6

Based on 40 Mount Street (5 stars), 436 Johnson Street (4 stars) and s.7 Botanica Corporate Park (4 stars)

Commit all Industrial developments to accredited Green Star ratings 4 stars or above once officially launched

No industrial developments were undertaken following the launch of the Industrial Green Star rating tool in the reporting period

Commit to accredited NABERS Water weighted average rating of 4.0 stars

Can only be verified after the first full year of operation

Investigate the use of Water Sensitive Urban Design (WSUD) on all sites

Being investigated – but more work to be done to ensure these works are to high standards on new developments

Research industrial ecology and options for implementation on Investa Industrial Developments

Research begun but on hold due to changes in the industrial market

Report volume and balance of site cut and fill on land subdivision

See Materials Use

Commence detailed reporting of construction materials and site environmental impacts (mass and volume) for all developments commencing site works after 1 April 2007

See Materials Use

Percentage of sites with a Waste Management Plan

Systems to be established to ensure these measures are in place and monitored in 2009

Number of pollution/potential to pollute incidents

Systems to be established to ensure these measures are in place and monitored in 2009

Erosion and sediment control measures in place on 100% of sites during construction and operation

Systems to be established to ensure these measures are in place and monitored in 2009

Report all instances of ecological or heritage significance encountered

See Biodiversity

Report actions to enhance ecology of sites

See Biodiversity

100% of projects with an appropriate Vegetation Management Plan where threatened communities or species are found

Develop plan for enhancing sustainability across Investa Commercial Developments

New plan being prepared for the new Land Developments division – see new Actions and Indicators for 2009

Enhance knowledge transfer across the Commercial Developments business

Training conducted on sustainability and urban design. New training plan being developed for the Land Developments business

Enhance education for prospective tenants about Green Buildings

Green Lease Guide reprinted. Research into tenants needs currently underway with a view to new educational initiatives

100% of staff to undertake ‘sustainability’ training during financial year

Completed and 14 staff became accredited Green Star professionals during the reporting period

Raise standards in design of new developments

To be undertaken in 2009

100% of projects with community consultation plan prepared and implemented

To be undertaken in 2009

20% of projects with education materials/training about sustainability

To be undertaken in 2009

Implement a new recruitment strategy, processes and systems to assist in identifying ‘the best person for the role’ including internal candidates

System implemented and business benefits realised

Implement a competency framework to assist in identifying the characteristic of the ‘right’ person

In progress and on track

Review the company intranet to provide employees with greater visibility of career opportunities

Updated and an expert resource to ensure currency

On-going interview and selection training for hiring managers

Planned for 2009 completion

Continue to administer a corporate employee induction program to provide employees with an understanding of Investa’s business and how we operate

Current process in place. Online process due to be launched in 2009

Review the company intranet to improve ease of access to and sharing of information

See above

Monthly drinks which commence during work hours so employees with family responsibilities are able to attend and which facilitates and encourages interaction between departments and divisions

Regular evens linked to business updates

Establish a process to communicate with employees who are on parental leave so they remain up-to-date with information about Investa and we maintain their trust and loyalty

Contract via direct manger. More robust process to be developed in 2009

Ongoing regular training for all employees to improve their understanding and use of Investa’s process and tools

System to be launched in 2009

Develop and implement ‘Investa Training Matrix’ to assist all employees and managers to identify relevant compliance and job specific training as well as development opportunities

Matrix rollout planned for 2009

Implement a competency framework which will provide a common language to communicate development needs for people and assist in career planning

Framework established and rollout continues in 2009

Ongoing Supervisor, Management and Leadership Training to improve the ability of managers at all levels to achieve results through people

“Management fundamentals” and coaching and mentoring program planned for 2009

Review the company intranet to improve communication of employee benefits

Benefit reviews ongoing. Intranet used in conjunction with face to face communication

Administer an Employee Engagement Survey every two years

June ‘08. Will be conducted in July 2009

Improve tracking and analysis of employee promotion and transfer statistics and build more accurate workplace profiles

System updated. Online workflow for transfers and promotions planned for August 2009

Ongoing improvement of our core people metrics and processes to gather, report and analyse people data. This will facilitate informed business decisions and clearly identify issues so that focused strategies can be implemented

System improvements in payroll and other online in progress for completion in mid 2009

Develop initiatives to improve the take up of options to reduce energy use (such as solar hot water) by Clarendon clients

Due to restructuring of the Clarendon business a number of sustainability initiatives (such as this one) were pursued by not completed

Design in automatic lighting and air conditioning controls to minimise energy wastage in display homes

Improved lighting plans (with enhanced aesthetics and reduced energy use) were developed for display homes in Victoria and New South Wales. Due to changes to the contractors (in Vic) and the display home strategy (in NSW) these plans have yet to be fully implemented

Develop initiatives to improve the take up of options to reduce water use by Clarendon clients

See above

Review materials use in Clarendon Homes and investigate opportunities to reduce the overall environmental impact of our houses

Develop Housing Design Guidelines which include minimum sustainability specifications and standards for all housing

See Thermal Performance in Clarendon homes case study

Review procurement tenders and further upgrade sustainability considerations

Standardise and raise standards in waste management plans and implementation

Develop strategy for social sustainability

Develop smaller, affordable product to service first home buyer market

New single storey product has been developed in all states

Expand home-buyer education initiatives, including training for Clarendon staff

Extensive training has been conducted for Clarendon staff, especially sales staff, contract and tender presenters and customer service staff to assist them to encourage home purchasers to make more sustainable choices

Work with suppliers to improve indoor air quality (such as through lower voc paints) in Clarendon Homes

Taubmans low voc paint trial conducted in Clarendon homes at Kellyville in NSW. However, yet to be offered to Clarendon customers

40% reduction in (potable) water consumption compared with the current average home design

Achieved primarily through the use of rainwater tanks and water efficient fittings

100% of single houses (on our own developments) that achieve 5 star HERS or greater

Houses in Victoria and NSW generally meet 5 star, with most homes in Victoria reaching 6 stars. Development of 5 star homes in Queensland is in progress