Creating sustainable communities

Creating Sustainable Communities

We are focussed on ensuring that our new developments represent sustainable and resilient communities. In approaching development, our focus extends beyond the initial creation of the community. We also take into account the long-term impacts associated with the continued ownership and operation of the completed development.

Over FY23 we continued to evolve our approach, developing Sustainability Design Guidelines which draw on our work to date incorporating many of our current and past initiatives.

Green Star Ambition
We operate in an emerging sector where there have been limited opportunities to adopt industry wide standards. After consideration of our development needs, we have chosen to work with the Green Building Council of Australia. The Green Star ratings system provides a holistic and robust sustainable design framework for large scale community and home development. We chose to adopt this standard in three current community developments as it is consistent with our ESG objectives.

The three upcoming communities are:

• Fullerton Cove, NSW – targeting a six-star Green Star – Communities rating
  Element at Fullerton Cove has commenced construction, with the first homes to be constructed in 2024
  
• Bargara, QLD – targeting a Green Star – Communities rating
  Drift at Bargara commenced in 2023, with the beachfront location providing a perfect backdrop for this new community
• Beveridge, VIC – targeting a Green Star – Communities rating
  Beveridge is the first development in Australia to commit to all Green Star Homes, with 261 homes to be constructed at this site