Our highlights in FY17

$1.8m

Invested in local communities (FY16: $1.3M)

3 Stars

Green Star performance portfolio rating (FY16: 2 Stars)

8%

Reduction in carbon emissions intensity from FY16 (FY16: 9%)

71%

Employee engagement
(FY16: 66%)

36%

Women in leadership
(FY16: 31%)

Wellbeing Program

launched for our people

3-year

Partnership established with Beacon Foundation

$300,000

Spent with social enterprises

A message from our Chairman

I am pleased to present Vicinity Unwrapped – Our Sustainability Story, an overview of our business’ Sustainability journey so far, as well as a summary of our historical and more recent performance up to the end of FY17.

Our purpose of Enriching Community Experiences recognises that through our centres, we have an important role to play in shaping better and stronger communities – an essential element for our success as a business. 

Over the past 18 months, Vicinity has continued rolling out a refreshed Sustainability strategy focused on creating shared value – this means creating value for our business while also generating positive outcomes for the environment and our communities – including our consumers, retailers, securityholders, our people, business partners and local communities.

Our broader sustainability objectives are integrated into our Group strategy, guiding our operational and investment decisions to build a low carbon and climate resilient portfolio and invest in our communities, creating sustainable destinations and shaping better communities.

During FY17 we established a community investment program focused on tackling youth unemployment and disengagement in the communities in which we operate. An integrated energy strategy was formulated to strengthen our commercial position while also significantly reducing our carbon emissions. We are also working to integrate climate resilience considerations into our key business decision making processes.

Additionally, we continually improved our governance, people and culture, and digital and operational platforms to provide a strong foundation for Vicinity to succeed sustainably. New health and wellbeing and learning and development programs are enabling our people to be their best and also help us attract and retain top talent. 

 

    

The roll out of WiFi across all of our centres is allowing us to use data and insights to enhance the experiences of our local communities.

The progress we’ve made to date has been acknowledged by the investment community, with Vicinity being recognised as the Regional Leader in Australian and Asia-Pacific Retail by the Global Real Estate Sustainability Benchmark in 2017. Taking a strategic long-term view on how Vicinity can create shared value for our communities is necessary for us to deliver sustainable returns for our securityholders.

Peter Hay                                                                             Chairman, Vicinity Centres

Our sustainability reporting

Vicinity Unwrapped is Vicinity Centres’ (Vicinity or the Group) key platform for disclosing our economic, environmental, social and governance information and performance.

This report should be read in conjunction with our 2017 Annual Report and 2017 Corporate Governance Statement, available through our Investor Centre.

The content on this site has been prepared in accordance with the Global Reporting Initiative (GRI) Standard at a core level.  The report discloses our management and performance on issues that are material to our business and our key stakeholders. The GRI Content Index can be downloaded here.  

Information on this site covers all the retail assets under our operational control. Refer to our 2017 Sustainability Reporting Criteria for further information our reporting scopes and boundaries. All performance data contained within this report is based on financial year, from 12 months to 30 June 2017 (FY17), or as at 30 June 2017, unless otherwise stated. Our performance is updated annually. The FY17 Sustainability Performance Pack can be downloaded here

A number of our environmental and social disclosures are externally assured by Ernst and Young. The External Assurance Statement can be viewed here.

Your feedback is important to us. You can contact us or provide any comments you have on sustainability@vicinity.com.au.