Strategic objective:
To enhance the natural and built environments
in which we operate, including identifying and
managing the impacts of Mirvac's business operations.
We understand our responsibility as a leading real estate developer to minimise our impact on the natural environment. We are proactive in reducing greenhouse gas emissions, consumption of natural resources and our impact on biodiversity.
Environmental Management
Mirvac integrates the requirements of environmental protection legislation and occupational health and safety legislation under its Health Safety Environment Management System.
Energy
Our flagship action to reduce GHG emissions is a commitment to achieve an average 4 Star NABERS Energy rating on applicable office buildings by December 2012. We are well on track to achieving this target with an average 3.6 Star NABERS Energy rating (as at November 2011). For a full list of NABERS Energy ratings see the 2011 Corporate Responsibility and Sustainability Report.
Compliance
Mirvac has triggered the Energy Efficiency Opportunities ("EEO") Act threshold and for this EEO reporting period 880 opportunities were identified to reduce energy consumption across 47 properties, representing a potential saving of 110,000GJ across Mirvac's total energy consumption.
Waste
Mirvac is committed to reducing waste and its impact on the environment by minimising the waste generated by its business activities. In 2011 we diverted 50 per cent of our waste by weight from landfill and implemented 11 initiatives to reduce waste.
Looking Forward
Some of our key actions for 2012 are:
- > Establish targets to reduce our carbon intensity by 2014
- > Establish energy, water and waste baselines
- > Establish energy, water and waste targets for 2014
- > Quantify Mirvac's environmental impact profile, accounting for whole of life impacts of products produced and used
- > Quantify Mirvac's carbon footprint
- > Undertake a strategic climate change risk review
- > Develop a climate change policy
To read more about our Environmental Management, Environmental Protection and Biodiversity Conservation, Climate Change, Energy, Water, and Waste metrics, along with case studies across our Investment, Development and Hotels portfolios, download the full 'Environmental Impact' section of our 2011 Corporate Responsibility and Sustainability Report below.
