Sustainability Report 2010
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About This Report

About This ReportAbout This Report

Westfield Stratford City, UKWestfield Stratford City, UK

The scope of this report includes Westfield’s physical assets in Australia, New Zealand, the United States and the United Kingdom — including shopping centres, office buildings, and construction and development sites.

This Corporate Sustainability Report has been prepared in accordance with the guidelines of the Global Reporting Initiative (GRI) G3.1 Framework and in this first year the Group has targeted a GRI Level C rating, reporting against the required ten key performance indicators. 

The report covers Westfield’s performance across a number of key indicators during 2010 and will provide a baseline from which the Group can continue to evolve its sustainability policies and procedures.

A key part of the process in preparing the report has been to identify the issues material to the business. Internal reviews have been conducted to provide an accurate assessment of current practices and identify opportunities for improvement. 

Much of what is included in this report has been reported in other company documents or submissions to external parties, for example, in Annual Reports, in response to direct stakeholder interest, and in greater detail through the Carbon Disclosure Project in each of the past three years. In recent years the Group has also reported on specific sustainability issues through various regulatory and voluntary submissions to governments and other regulatory filings.

Scope

The scope of this report includes Westfield’s physical assets in Australia, New Zealand, the United States and the United Kingdom — including shopping centres, office buildings, and construction and development sites. It does not include assets in which Westfield has financial interests, but does not actively manage. 

The GRI Framework provides a range of topics which companies can consider when reviewing their sustainability performance. The topics are listed as individual indicators in the GRI Framework, and in selecting those indicators a company nominates the level at which it will report on its sustainability performance. In selecting 10 key performance indicators against which to report, Westfield has elected to prepare a C Level report as defined by the GRI Framework. 

Those performance indicators cover categories of sustainability which relate to the company’s impact on the environment, its economic performance and social contribution, its labour practices and its role in the community. The indicators include the measurement of greenhouse gas emissions and energy consumption; workplace factors like the rates of injury, life safety and absenteeism; and detailed information on the level of engagement Westfield has with its communities. The report also includes the Group’s economic performance in relation to the impact it has on the community and the ‘flow of capital between stakeholders’ as described by the GRI guidelines. 

Materiality

In this first year the Group engaged with internal stakeholders to determine the material issues – those sustainability topics that were considered to be of the highest priority to Westfield. Consultation was held with staff from the operational and construction divisions through to the senior executive management team to determine which performance indicators were most material to the business. 

A large number of topics were reviewed, and those considered to be highest priority that the company should report on externally were identified through a series of workshops conducted with internal Sustainability Working Groups from each of the countries where the Group operates. 

In some instances, there was variation from market to market regarding what was considered material. In Australia for example, waste and water management was a higher priority given the arid climate and sustained droughts the country has experienced in recent years. For Westfield’s other three operating markets, this was less of a priority for external reporting. 

There were several other examples of variation but despite the differences there were more commonalities between the markets and what they considered a priority in relation to sustainability practices. 

Each of the performance indicators that all markets considered to be high priority are included in this report.

 

 

Westfield Group’s Sustainability Reporting Priorities

An Overview

The following performance indicators were deemed high priority and are included in this report: 

ENVIRONMENT

  • Total direct and indirect greenhouse gas emissions by weight
  • Other relevant indirect greenhouse gas emissions by weight
  • Direct energy consumption by primary energy source
  • Indirect energy consumption by primary energy source
  • Monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations

ECONOMIC

  • Direct economic value generated and distributed including revenues, operating costs, employee compensation, donations and other community investments, retained earnings, and payments to capital providers and governments
  • Monetary value of significant fines for non‑compliance with laws and regulations concerning the provision and use of products and services

SOCIAL

Labour practices

  • Rates of injury, occupational diseases, lost days and absenteeism, and number of work‑related fatalities, by region and gender

Society

  • Percentage of operations with implemented local community engagement, impact assessments, and development programs
  • Monetary value of significant fines for non‑compliance with laws and regulations concerning the provision and use of products and services