2028 Net Zero Carbon Target
In February 2021, Stockland announced its plan to accelerate its net zero carbon commitment to 2028 – two years earlier than previously committed – and extended the commitment across all business activities.
Our 2028 net zero target covers our scope 1 and 2 emissions produced by close to 170 active assets across our Workplace, Logistics, Retail Town Centre and community portfolios.
We will achieve this new target by relying on three key emissions reduction strategies:
- continuing our focus on energy efficient design and operations and the electrification of the portfolio,
- increasing our investment in on- and off-site renewable
energy, and - pioneering a number of innovations and technology to reduce our overall carbon footprint.
Our Net Zero Carbon program is supported by a partnership with the Clean Energy Finance Corporation (CEFC), which provided a $75m debt facility.
Once we have met our net zero target, we will seek Climate Active certification.
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