Our Sustainability Report is an account of our sustainability performance during the 2024 financial year (FY24), with independent assurance provided by ERM. This report includes discussion of our material sustainability matters and details our performance against our Sustainable Places Strategy.
Where performance against a target has not been achieved (or is not in scope for the reporting period) an explanation is provided.
Our reporting boundaries are explained in the following section.
Throughout this report, we disclose our management approach to each of our Sustainable Places Strategy pillars of Climate Resilient Places, Healthy & Inclusive Places, Productive Places and Accountable & Collaborative Places.
This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards: Comprehensive option.
Reporting Requirements
The Landcom Corporation Act 2001 (NSW) requires us to report annually against our sustainability performance.
The Act states we must adopt sustainability performance indicators that are benchmarked against international best practice.
After extensive community and industry consultation, our Sustainable Places Strategy was finalised and endorsed by the Landcom Board in November 2017, and took full effect for Landcom during FY18.
An integral part of the Strategy was declaring our intention to enhance our performance targets over time in order to attain our goals. Enhanced targets were agreed by the business in FY23 and are now fully integrated for new projects.
Material Matters
This report identifies and discloses the material aspects of our operations in accordance with the GRI Standards. We have also mapped our material issues and Strategy targets to the United Nations Sustainable Development Goals.
Materiality is an important process that informs how we do business. It provides insight into what our stakeholders value from our approach to sustainability.
We use the GRI’s Global Sustainability Standards Board standard, as well as the AA1000 Accountability Principles Standard (2018) in our approach to materiality. We apply GRI’s four-stage approach to materiality and boundary guidance, and we execute this approach with reference to the quality assessment adherence criteria for the AA1000 Principle of Materiality.
Material Issues
What this means for Landcom
Manage our physical and transition risks to climate change across our communities and for our organisation.
What this means for Landcom
Embrace energy-efficient, low carbon economy principles to future proof and build resilience.
Addressed within Report
Climate Resilient Places
What this means for Landcom
Uphold universal principles of human rights for the collective benefit of our communities and organisation.
What this means for Landcom
Create cohesive and resilient communities that are safe and inclusive.
What this means for Landcom
Enable diverse and affordable housing outcomes that support the needs of our customers and reduce the cost of living for members of our communities.
What this means for Landcom
Conserve and enhance our green and blue spaces and tread lightly on the land.
What this means for Landcom
Collaborate, listen and involve stakeholders in creating a shared vision that is valued by those who interact in our communities.
Addressed within Report
Healthy & Inclusive Places
What this means for Landcom
Connect people with the places they want to go in the most sustainable way.
Addressed within Report
Accountable & Collaborative Places
What this means for Landcom
Respect and acknowledge First Nations and embrace reconciliation.
Addressed within Report
Accountable & Collaborative Places
What this means for Landcom
Engage, partner and innovate with our supply chain for shared value outcomes.
What this means for Landcom
Support local communities to prosper through local jobs, training, education and employment.
Addressed within Report
Productive Places
Our Sustainable Places Strategy
Our Sustainable Places Strategy with four Leadership Goals guides the way we deliver new communities. Our FY24 performance for each part of our strategy is accessible below.
