It is my pleasure to provide you with an update on Vicinity Centres’ (Vicinity) progress on our Sustainability journey through Vicinity Unwrapped – Our Sustainability Story.
At Vicinity, our focus is on creating destinations that excite and engage customers, enhance communities and offer much more than an exceptional retail experience.
Bringing our purpose of Enriching Community Experiences to life, we leverage our centres as a positive force for creating sustainable destinations and shaping better communities. This helps us create shared value – to generate positive outcomes for our stakeholders and Vicinity – the guiding principle behind our Sustainability strategy.
This year we made some significant steps forward in progressing our Sustainability strategy and focus areas of low carbon smart assets, climate resilience and strengthening our local communities.
During the year we announced our commitment to Net Zero carbon emissions by 2030*, which brings us in line with the Paris Agreement and assists Vicinity in preparing for a low-carbon future. We are also proud to have achieved a 4 Star Green Star Performance rating across our managed portfolio, making Vicinity the largest entire retail portfolio to have achieved such a rating in Australia.
Vicinity was a lead participant in driving an industry-wide approach to prepare for the Modern Slavery Act introduced in January 2019. We are well placed to respond to this legislation in
*For Vicinity’s wholly owned retail assets