Sustainability Report 2010
open/close tab
Message from the Co-Chief Executive Officers

Message from the Co-Chief Executive OfficersMessage from the Co-Chief Executive Officers

L-R: Peter Lowy, Steven LowyL-R: Peter Lowy, Steven Lowy

Westfield’s corporate responsibilities are environmental, social and economic. These factors are critical in ensuring the future growth of the Group is sustainable.

This report is a structured approach to describing the policies and practices that contribute to a more sustainable business. 

Each Westfield shopping centre is an important financial and social asset. These large and complex facilities require intensive management to keep them operating efficiently and to generate jobs and economic activity. And they require the same intensive focus to operate them sustainably by using the latest technology and management practices. That same focus is also necessary for our staff to try to provide a safe, fair and engaging workplace. 

For many years Westfield has made very deliberate efforts to manage its business in a more sustainable way. In everything it does — from design and construction, to management and marketing, through to how it relates to its customers — retailers and shoppers — and its staff, Westfield has continued to meet its obligations and community expectations.

This year, for the first time, Westfield Group is producing this report — a structured approach to describing and reporting on the many policies and practices that contribute to a more sustainable business.

Many of the activities described here have been underway for many years. Some are more recent initiatives undertaken either to meet the requirements of new legislation, or in most cases, to respond to ideas from our staff and management.

The lesson of the past few years has been that the definition of what it means to manage a sustainable business is continually evolving, and means different things to different people, and different companies.

Rather than setting a grand overarching objective or theme for Westfield’s approach to sustainability the company has set itself a simple goal: to operate the business safely, more efficiently, use energy more wisely, produce less waste and build and redevelop shopping centres that make the most of technology and new design techniques to minimise the impact on the environment and make them more pleasant places to visit.

To work towards that goal requires the company to undertake thousands of initiatives simultaneously and to find ways to better measure and therefore understand how we can make improvements and share information with colleagues in other countries. This report is a significant step towards achieving that by publishing the benchmarks and targets set in key areas of our business. This is valuable not only for Westfield, but also for its investors, retailers, shoppers, contractors and suppliers.

This report shows that Westfield has every reason to be proud of the progress it has already made towards operating a more sustainable business. But that is not the main reason for publishing it. This report’s primary purpose is to serve as a working document — something that our management teams can use to compare results, share information and ideas, and set ever more ambitious targets each year.

We would like to take this opportunity to acknowledge the commitment of management and staff to this endeavour. It is through their efforts and enthusiasm that Westfield can go on making a positive contribution to the communities in which it does business.