Strategic objective:
To operate ethically, effectively and transparently,
in line with external regulatory and legislative requirements
and internal governance procedures, in order to achieve
sustainable business outcomes.
The way in which we conduct our operations is key to ensuring our sustainability as a business.
Governance
At Mirvac we believe a strong corporate governance framework is critical to fostering a culture that values ethical behaviour, integrity and respect to protect the interests of securityholders and other stakeholders at all times. We are committed to ensuring that our systems, procedures and practices reflect a high standard of corporate governance.
Health Safety Environment and Sustainability Management
The Health Safety Environment and Sustainability Management Committee reports to the Board and other Board committees to ensure the strategic management and effective implementation of sustainability principles and initiatives across the business.
Risk Management
Our risk management procedures with regard to climate change risks and opportunities are integrated into risk management processes across the Mirvac group.
A sustainability leader
We are committed to sustainable practices in our own organisation, and to advancing these principles in our industry and the wider community.
- > Mirvac became a signatory to the United Nations Principles for Responsible Investment in 2011 and is committed to embedding the six principles into core business practice operations.
- > Mirvac is now in the fifth year of our partnership with Bond University through the Mirvac School of Sustainable Development.
- > In March 2011 Mirvac was an official sponsor of Earth Hour and the first annual World Wildlife Fund Earth Hour Awards. Earth Hour is a global sustainability movement which aims to bring attention to energy consumption and sustainability principles by encouraging corporations and the general public worldwide to simultaneously switch off their power for one hour.
- > Mirvac sponsored the 2011 Green Building Council Summit Series, designed to give green building practitioners a greater level of skill and understanding, and provide the edge and know-how to push the green building revolution even further.
- > In 2010 Mirvac became a Silver sponsor of the new Green Star Communities Rating tool.
- > Mirvac became a signatory to the City of Sydney's Better Buildings Partnership in 2011.
- > Mirvac is a member of CitySwitch, the only national tenant energy efficiency program working with organisations committed to addressing their Greenhouse impact.
FY11 Sustainability Awards
- > Harmony 9, Waverley Park, VIC, Banksia Foundation, Built Environment Award Finalist
- > The Eco Collection, WA HIA Greensmart Award for Energy Efficiency
- > The Eco Collection, WA Property Council Awards, The AECOM Award for Sustainable Developments
- > Mirvac, Green Globe Awards, 10 Year Sustainability Achievement Award Finalist
Looking Forward
Some of our key actions for 2012 are:
- > Continue to meet statutory requirements for environmental disclosures
- > Articulate our sustainability strategy consistently with The Mirvac Way and Strategic Driver of 'Sustainability Excellence'
- > Create an integrated framework for compliance reporting
- > Schedule key dates for sustainability communications within the Group-wide communications schedule to improve coordination of work across business units and align communications content with strategy
- > Embed Mirvac's sustainability principles into strategic plan
- > Communicate the Group sustainability strategic plan to internal and external stakeholders
To read more about our Governance, Board, Sustainability Management, Risk Management, Compliance, and Sponsorship initiatives download the full 'Business Conduct' section of our 2011 Corporate Responsibility and Sustainability Report below.
