Sustainability

Mirvac launched its plan for a sustainable future in 2014 with This Changes Everything.

The plan comprises four interconnected areas of focus: Reimagining Resources, Shaping the Future of Place, Enriching Communities and Smarter Thinking. Under each area is a long-term mission, supported by several more immediate commitments.

This year, Mirvac achieved its key commitment to deliver a smart building by 2018, with both 200 George Street in Sydney and 699 Bourke Street in Melbourne. The Group has also set several new commitments around affordability and access, biodiversity, transport, supplier governance and resilience.

Social Return on Investment

Mirvac, together with KPMG, has created a Social Return on Investment Framework to measure the social impacts of new residential communities. Known as 'The Value of Community', the initiative demonstrates real value for residents and the wider community across the areas of improved safety, sense of community, active living and sense of place.

Mirvac Energy

During the year, Mirvac launched Mirvac Energy, a company that will invest in solar systems for Mirvac’s own assets, earning an income stream by selling energy, with two pilot projects at One Darling Island, Sydney and Orion Springfield Central, Brisbane totalling 1.1MW.

OTHER KEY ACHIEVEMENTS IN FY16 INCLUDED:
  • registered Marrickville in Sydney, NSW for One Planet Living certification together with Marrickville Council;
  • launched the Nudge by Mirvac sustainability film festival;
  • delivered the delivered the first net zero carbon home at Osprey Waters, WA;
  • launched Mirvac’s ‘profit for purpose’ café at the Group’s new HQ, 200 George Street, Sydney NSW, in partnership with the YWCA. All profits from the café will go towards YWCA’s programs and services, aimed at supporting victims of domestic violence as well as homelessness for disadvantaged women and their families;
  • Googong Township received a 5 Star Green Star Communities rating - the first project in New South Wales to be awarded this rating by the Green Building Council of Australia; and
  • achieved a 6 Star Green Star Performance ratings for 275 Kent Street, Sydney NSW and 23 Furzer Street, Phillip ACT, demonstrating that existing buildings can achieve a Green Star Global Leadership level of performance.