Our commitments

Our short and long term objectives help us deliver Vicinity’s sustainability strategy in a consistent and focused manner across the business, and guide us in delivering the intended positive impacts across our communities and the environment, as well as for Vicinity.

 

Long term objectives

FY18 objectives

FY18 progress

FY19 objectives

Community significance

       

Enhance the amenity and positive perception of our centres through our community investment programs’ focus on disengaged and unemployed youth, increasing visitation and driving stronger loyalty with our centres

More than 85% of our centres to have community investment plans in place

89% of centres have community investment plans in place in FY18

100% of centres to have community investment plans in place and at least 80% of centres to demonstrate progress in implementing initiatives aligned with youth disengagement and unemployment

 

Establish a company-wide work experience program

A new work experience program was launched as part of Vicinity’s broader company-wide mentoring program

Recruit 6 or more students through Beacon for Vicinity's work experience program

 

Deliver Beacon Fundraising Initiative

Light the Way fundraising initiative delivered successfully, raising over $43,000 for Beacon

Deliver successful Beacon Fundraising Initiative (Light the Way) and increase funds raised by 10% compared to FY18

Increase the positive connection between the community and our centres through localised direct and indirect employment of disadvantaged community members, enhancing the prosperity of our local communities

Achieve $1 million spend commitment on social enterprises

$1.4 million spent with social enterprises during FY18

Achieve at least $2.4 million cumulative spend over 2 year period with social enterprises by end FY19 (20% for enterprises focused on youth 25 years of age and under)

 

Implement a Reflect Reconciliation Action Plan (RAP) for Vicinity

Vicinity’s first Reflect RAP launched in June 2018

Implement all commitments in our Reflect RAP and establish an Innovate RAP for Vicinity

 

Include disadvantaged youth in the recruitment process for entry level / appropriate roles at Vicinity

Process established to actively identify appropriate roles and introduce suitable youth candidates into the recruitment process

Achieve 20% of Vicinity facilitated indirect job placements to youth (25 years of age and under) through our retailers and development projects (excl. jobs created in our supply chain via social procurement spend)

Increased employee engagement through enabling direct participation in Vicinity’s sustainability program

Increase participation in employee volunteering compared to FY17

Volunteering participation (based on hours volunteered) increased by 19% from FY17. During FY18, 9% of our employees participated in volunteering

Achieve 12% participation in employee volunteering

 

Increase participation in workplace giving for regular contributions and support of one off appeals compared to FY17

Monthly average participation in workplace giving increased by 60% in FY18 compared to FY17, achieving a 2.5% participation rate for recurring donors

Achieve 5% participation in workplace giving through ongoing promotion and implementation of changes to matched giving structure

 

Improvement in sustainability score in the employee engagement survey compared to FY17

Sustainability score in the employee engagement survey increased by 7 percentage points in FY18

Achieve employee engagement score for sustainability that is equal to or higher than the overall employee engagement score

Low carbon smart assets

     

We are currently investigating a long term low carbon target for Vicinity. 

Meet annual portfolio carbon reduction target of 3% (against FY17)

Reduced our carbon emissions intensity by 3% compared with FY17

Meet annual portfolio energy/carbon intensity reduction target of 3% (against FY18)

 

Obtain NABERS energy ratings for 80% of rateable portfolio (like-for-like) in FY18

Obtained NABERS Energy ratings for 85% of rateable portfolio

Obtain NABERS Energy ratings for 95% of rateable portfolio

Reduce indirect (scope 3) emissions and decrease operational costs through more efficient and improved operational and construction practices (including building materials and embodied emissions), and provision of low carbon options to retailers

Obtain NABERS water ratings for 80% of portfolio (like-for-like) in FY18

Obtained NABERS Water ratings for 82% of rateable portfolio

Obtain NABERS water ratings for 95% of rateable portfolio

 

Meet short term annual portfolio target of 40% recycling rate for operational waste in FY18

Achieved a portfolio-wide recycling rate of 43% for operational waste

Achieve 45% recycling rate for operational waste (12 month average)

 

Measure and report on new scope 3 emissions such as air travel in FY18

Air travel emissions measured and reported in our scope 3 emissions

 

Climate resilience

     

Increase the resilience of our asset portfolio to support our retailers and local communities

100% of ‘extreme’ risk rated centres assessed, including all developments, with the Climate Resilience Assessment Checklist

All ‘extreme’ risk rated centres (15 centres) assessed with the Climate Resilience Assessment Checklist

100% of ‘high’ risk rated centres assessed, including all developments, with the Climate Resilience Centre Checklist

Other objectives

     

Establish a responsible value chain for Vicinity

 N/A  N/A

Understand the risks within our own suppliers, identify value creation opportunities, and develop a response strategy

Enhance our partner of choice status with key stakeholders through our sustainability leadership position

N/A N/A

Achieve 4 Star Green Star Performance portfolio average