Statement of Use: Landcom has reported the information cited in this GRI content index for the period 1 July 2023 to 1 June 2024 with reference to the GRI Standards.
Location or comment refers to Landcom’s FY24 Sustainability Report, unless specified otherwise
GRI Reference
General Disclosures
Location or comment
GRI 2: General Disclosures 2021
2-1
General Disclosures
Organisational details
2-2
General Disclosures
Entities included in the organisation’s sustainability reporting
Location or comment
2-3
General Disclosures
Reporting period, frequency and contact point
Location or comment
2-4
General Disclosures
Restatements of information
Location or comment
There are no restatements within this report.
2-5
General Disclosures
External assurance
Location or comment
2-6
General Disclosures
Activities, value chain and other business relationships
Location or comment
Accountable & Collaborative Places Overview
Accountable & Collaborative Places, Who we are & what we do
Accountable & Collaborative Places, Human Rights Performance
Accountable & Collaborative Places, Modern Slavery Statement
Accountable & Collaborative Places, Supply Chains
In FY24, Landcom had no significant changes to the organisation size, structure, ownership or supply chain.
FY24 Annual Report
2-7
General Disclosures
Employees
Location or comment
FY24 Annual Report, Management & Accoutability
Note as a State-Owned Corporation Landcom has Minister Shareholders, not cross-shareholding or controlling shareholders.
FY24 Annual Report, Overview, Management and structure
FY24 Annual Report, Our Board of Directors
FY24 Annual Report, Appendix 1 – Corporate Governance
FY24 Corporate Governance Statement
Note as a State Owned Corporation Landcom has Minister Shareholders, not cross-shareholding or controlling shareholders.
2-8
General Disclosures
Workers who are not employees
Location or comment
2-9
General Disclosures
Governance structure and composition
Location or comment
2-10
General Disclosures
Nomination and selection of the highest governance body
Location or comment
2-11
General Disclosures
Chair of the highest governance body
Location or comment
2-12
General Disclosures
Role of the highest governance body in overseeing the management of impacts
Location or comment
Appendix C: Summary of Stakeholder Matters
FY24 Annual Report, Management & Accountability
Landcom Corporations Act 2001 (NSW), consultation on sustainability targets is required as part of the Landcom Corporations Act 2001 (NSW).
2-13
General Disclosures
Delegation of responsibility for managing impacts
Location or comment
Appendix B: TCFD Statement - Governance
FY24 Annual Report, Management and Accountability
FY24 Annual Report, Our Board of Directors
FY24 Annual Report, Appendix 1 – Corporate Governance
Landcom’s Board is the highest governance body responsible for the overall governance, management and strategic direction of the organisation.
Landcom’s Audit & Risk Management Committee is a delegation of the Board and specifically considers audit and risk management matters relevant to the business (e.g. climate risk). This Committee meets quarterly and is comprised of Board members and Executives.
2-14
General Disclosures
Role of the highest governance body in sustainability reporting
Location or comment
Landcom’s Board is the highest governance body responsible for reviewing and approving the Sustainability Report and Annual Report. Members of the Executive team are key stakeholders in the identification of Landcom’s sustainability related material topics, and the Board is advised of the process undertaken, and subsequently the material matters adopted by the organisation.
2-15
General Disclosures
Conflicts of interest
2-16
General Disclosures
Communication of critical concerns
Location or comment
The Board is provided with risk updates on a monthly basis. During the reporting period there were no risks of critical concern.
2-17
General Disclosures
Collective knowledge of the highest governance body
Location or comment
The Board receives regular updates on sustainability matters, which includes training and upskilling. There is no set program to deliver training, rather the business responds to the Board’s needs and interests as they arise.
2-18
General Disclosures
Evaluation of the performance of the highest governance body
2-20
General Disclosures
Process to determine remuneration
Location or comment
FY24 Annual Report, Management & Accountability, Executive diversity and remuneration
Landcom Financial Statements for the year ended 30 June 2024
The majority of Landcom staff are employed in accordance with the Landcom Award 2022, which sets compensation for full time and part time employees. Landcom does not pay bonuses in any form.
2-21
General Disclosures
Annual total compensation ratio
Location or comment
2-22
General Disclosures
Statement on sustainable development strategy
Location or comment
2-23
General Disclosures
Policy commitments
Location or comment
All policies are endorsed by the Landcom Executive, for approval by the Board.
2-24
General Disclosures
Embedding policy commitments
Location or comment
2-25
General Disclosures
Processes to remediate negative impacts
2-26
General Disclosures
Mechanisms for seeking advice and raising concerns
Location or comment
2-27
General Disclosures
Compliance with laws and regulations
Location or comment
There were no instances of non-compliance with laws and regulations that apply to Landcom.
2-28
General Disclosures
Membership associations
Location or comment
Landcom’s main industry memberships include Green Building Council of Australia, Property Council of Australia, Master Builders Association, Urban Taskforce Australia, Urban Development Institute of Australia, Corporate Club of Australia, and Committee for Economic Development of Australia.
2-29
General Disclosures
Approach to stakeholder engagement
2-30
General Disclosures
Collective bargaining agreements
Location or comment
The majority of Landcom staff are employed in accordance with the Landcom Award 2022.
GRI 3: Material Topics 2021
3-1
General Disclosures
Process to determine material topics
Location or comment
Landcom periodically reviews its material topics to ensure they remain aligned to industry best practice. Professional consultants are engaged to support Landcom through the GRI aligned process of identifying and applying material topics, and ensuring alignment of our sustainability targets and disclosures.
Members of the Executive team are key stakeholders in the identification of Landcom’s sustainability related material topics, and the Board is advised of the process undertaken, and subsequently the material matters adopted by the organisation.
Other stakeholders involved include Landcom Board members, staff, industry peers, consultants, government bodies and approval entities.
3-2
General Disclosures
List of material topics
Location or comment
3-3
General Disclosures
Management of material topics
Location or comment
General Disclosures
N.B. Landcom’s GRI Topic Standards remain current and do not require revision with the exception of GRI 412: Human Rights Assessment 2016 which has been withdrawn as its contents have been incorporated into the Universal Standards
Location or comment
GRI 101: Biodiversity 2024
101-1
General Disclosures
Policies to halt and reverse biodiversity loss
101-2
General Disclosures
Management of biodiversity impacts
Location or comment
101-4
General Disclosures
Identification of biodiversity impacts
Location or comment
101-5
General Disclosures
Locations with biodiversity impacts
Location or comment
101-6
General Disclosures
Direct drivers of biodiversity loss
Location or comment
101-7
General Disclosures
Changes to the state of biodiversity
Location or comment
GRI 201: Economic Performance 2016
201-1
General Disclosures
Direct economic value generated and distributed
Location or comment
FY24 Annual Report, Chair’s review
FY24 Annual Report, Landcom financial statements for the year ended 30 June 2024
Note: all operations are within Australia.
201-2
General Disclosures
Financial implications and other risks and opportunities due to climate change
Location or comment
201-3
General Disclosures
Defined benefit plan obligations and other retirement plans
201-4
General Disclosures
Financial assistance received from government
Location or comment
N/A.
Landcom is a State-Owned Corporation
GRI 203: Indirect Economic Impacts 2016
203-1
General Disclosures
Infrastructure investments and other services supported
Location or comment
Refer to GRI 2-6.
203-2
General Disclosures
Significant indirect economic impacts
GRI 204: Procurement Practices 2016
204-1
General Disclosures
Proportion of spending on local suppliers
Location or comment
Landcom is a NSW State Owned Corporation, with all operations within NSW (local). Procurement of immediate goods and services is all local to Australia.
GRI 205: Anti-corruption 2016
205-1
General Disclosures
Operations assessed for risks related to corruption
205-2
General Disclosures
Communication and training about anti-corruption policies and procedures
Location or comment
205-3
General Disclosures
Confirmed incidents of corruption and actions taken
Location or comment
Nil.
GRI 301: Materials 2016
301-3
General Disclosures
Reclaimed products and their packaging materials
Location or comment
N/A.
Landcom’s products are in the form of land and public infrastructure which is not supplied in physical packaging.
GRI 302: Energy 2016
302-1
General Disclosures
Energy consumption within the organisation
302-3
General Disclosures
Energy intensity
Location or comment
302-4
General Disclosures
Reduction of energy consumption
Location or comment
NSW Government Resource Efficiency Policy (GREP)
Landcom increased its energy consumption in FY24.
Fuel consumption increased in FY24 from FY23. Sources of fuel consumption are gas use in our sales offices and fleet vehicle fuel combustion.
Electricity used to power our operations was 128,442 kWh - an increased from the 124,997 kWh of electricity use in FY23.
GRI 303: Water and Effluents 2018
303-1
General Disclosures
Interactions with water as a shared resource
Location or comment
Landcom has an indirect relationship with water.
The greatest impact our developments will have is on the future use by those who live, work and do business in the community once we have delivered it. We do not directly withdraw, consume or discharge water. This is why our targets focus on designing communities that will have low consumption by users, with forecast runoff meeting low impact pollutant loads.
Climate Resilient Places Pillar Overview
303-2
General Disclosures
Management of water discharge-related impacts
Location or comment
303-3
General Disclosures
Water withdrawal
Location or comment
N/A.
Landcom does not directly or materially withdraw or discharge water
303-4
General Disclosures
Water discharge
Location or comment
303-5
General Disclosures
Water consumption
Location or comment
GRI 305: Emissions 2016
305-1
General Disclosures
Direct (Scope 1) GHG emissions
Location or comment
Landcom’s most material Scope 3 emissions will come from the communities we create, once operational. We seek to reduce the future operational GHG emissions of these communities through the adoption of emissions reduction targets.
Climate Resilient Places Pillar Overview
305-2
General Disclosures
Energy indirect (Scope 2) GHG emissions
Location or comment
305-3
General Disclosures
Other indirect (Scope 3) GHG emissions
Location or comment
305-5
General Disclosures
Reduction of GHG emissions
305-6
General Disclosures
Emissions of ozone-depleting substances
Location or comment
N/A.
Landcom does not emit any material ozone-depleting substances in our activities or products, or have any material air quality emissions. For details on how we are approaching air quality see Climate Resilient Places Pillar Overview.
305-7
General Disclosures
NOx, SOx and other significant air emissions
Location or comment
GRI 306: Effluents and Waste 2016
306-1
General Disclosures
Water discharge by quality and destination
Location or comment
306-2
General Disclosures
Waste by type and disposal method
306-3
General Disclosures
Significant spills
Location or comment
There were no significant spills during the financial year.
306-4
General Disclosures
Transport of hazardous waste
306-5
General Disclosures
Water bodies affected by water discharges and/ or runoff
Location or comment
GRI 308: Supplier Environmental Assessment 2016
308-1
General Disclosures
New suppliers that were screened using environmental criteria
Location or comment
All service providers are required to comply with Landcom’s Supplier Codes of Conduct that requires suppliers to meet high standards in relation to issues such as anti-corruption, environmental protection and social impacts.
Landcom has supplier panels set up for our main activities, including:
Builders (17 suppliers)
Civil works (21 suppliers)
Landscaping (10 suppliers)
These panels are identified as having the potential to generate negative environmental impacts via works that may be undertaken.
As part of the panels’ establishment, environmental and sustainability criteria were included for evaluation to help minimise impacts.
These suppliers are required to prepare an environmental management plan, and to undertake independent audits against their plans when they undertake work for Landcom.
During the reporting period we did not agree on any improvements with these suppliers or terminate any relationships as a result of assessments.
308-2
General Disclosures
Negative environmental impacts in the supply chain and actions taken
Location or comment
GRI 401: Employment 2016
401-1
General Disclosures
New employee hires and employee turnover
Location or comment
401-2
General Disclosures
Benefits provided to fulltime employees that are not provided to temporary or part-time employees
Location or comment
401-3
General Disclosures
Parental leave
Location or comment
GRI 403: Occupational Health and Safety 2018
403-1
General Disclosures
Occupational health and safety management
403-2
General Disclosures
Hazard identification, risk assessment, and incident investigation
Location or comment
403-3
General Disclosures
Occupational health services
Location or comment
Landcom works with an integrated Health, Safety and Environment Framework aligned to international standards.
403-4
General Disclosures
Worker participation, consultation, and communication on occupational health and safety
Location or comment
Landcom has agreed to consult with workers through a Work Health and Safety Consultative Committee.
403-5
General Disclosures
Worker training on occupational health and safety
Location or comment
403-6
General Disclosures
Promotion of worker health
403-7
General Disclosures
Prevention and mitigation of occupational health and safety impacts directly linked to business relationships
Location or comment
403-8
General Disclosures
Workers covered by an occupational health and safety management system
Location or comment
403-9
General Disclosures
Work-related injuries
Location or comment
FY24 Annual Report, Incident statistics – injury frequency rates recorded and prosecutions under the Work Health and Safety Act 2011 (NSW)
403-10
General Disclosures
Work-related ill health
Location or comment
N/A.
Work-related ill health is not material to Landcom operations
GRI 404: Training and Education 2016
404-3
General Disclosures
Percentage of employees receiving regular performance and career development reviews
Location or comment
100% of Landcom employees receive performance reviews and career development reviews annually.
GRI 405: Diversity and Equal Opportunity 2016
405-1
General Disclosures
Diversity of governance bodies and employees
405-2
General Disclosures
Ratio of basic salary and remuneration of women to men
Location or comment
GRI 406: Non-discrimination
406-1
General Disclosures
Incidents of discrimination and corrective actions taken
Location or comment
Nil.
GRI 407: Freedom of Association and Collective Bargaining 2016
407-1
General Disclosures
Operations and suppliers in which the right to freedom of association and collective bargaining may be at risk
GRI 408: Child Labour 2016
408-1
General Disclosures
Operations and suppliers at significant risk of incidents of child labour
GRI 409: Forced and Compulsory Labour 2016:
409-1
General Disclosures
Operations and suppliers at significant risk of incidents of forced or compulsory labour
GRI 411: Rights of Indigenous Peoples 2016
411-1
General Disclosures
Incidents of violations involving rights of indigenous peoples
Location or comment
Nil.
GRI 413: Local Communities 2016
413-1
General Disclosures
Operations with local community engagement, impact assessments, and development programs
413-2
General Disclosures
Operations with significant actual and potential negative impacts on local communities
Location or comment
GRI 414: Supplier Social Assessment 2016
414-1
General Disclosures
New suppliers that were screened using social criteria
Location or comment
All service providers are required to comply with Codes of Conduct that require suppliers to meet high standards in relation to issues such as anti-corruption, environmental protection and social impacts.
414-2
General Disclosures
Negative social impacts in the supply chain and actions taken
Location or comment
GRI 415: Public Policy 2016
415-1
General Disclosures
Political contributions
Location or comment
As a government organisation Landcom is prohibited from making political contributions.
GRI 416: Customer Health and Safety 2016
416-1
General Disclosures
Assessment of the health and safety impacts of product and service categories