Potential offtaker

Stockland Corporation Limited and Stockland Trust

www.stockland.com.au

Estimated electricity consumption

N/A

Countries of production presence

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Stockland Corporation Limited and Stockland Trust is a leading Australian property development and investment company that operates in the Multi Asset Class Own & Develop sector. The company has a diversified portfolio of assets, including residential, retail, commercial, and industrial properties across Australia. Stockland is committed to sustainability and has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources.

Decarbonisation is a key focus for Stockland, and the company has set a target to achieve net-zero carbon emissions by 2028. To achieve this goal, Stockland is implementing a range of initiatives, including energy efficiency measures, renewable energy generation, and carbon offsetting. The company has already made significant progress towards its decarbonisation target, with a 62% reduction in carbon emissions since 2010.

Corporate energy is another area of focus for Stockland, and the company is committed to sourcing 100% of its energy from renewable sources by 2025. To achieve this goal, Stockland is investing in renewable energy projects, including solar and wind farms, and is also exploring the use of corporate power purchase agreements (PPAs). Corporate PPAs allow companies to purchase renewable energy directly from generators, providing a long-term, stable source of renewable energy at a competitive price.

Stockland has already signed several corporate PPAs, including a 15-year agreement with the Sapphire Wind Farm in New South Wales, which will provide 75% of the company's energy needs for its retail portfolio. The company has also signed a 12-year agreement with the Bomen Solar Farm in New South Wales, which will provide 60% of the energy needs for its logistics portfolio.

Renewable energy is a key focus for Stockland, and the company is investing in a range of renewable energy projects across Australia. Stockland has already installed over 22,000 solar panels across its retail portfolio, generating over 6.5 million kilowatt-hours of renewable energy each year. The company is also investing in wind and solar farms, with a 50% stake in the Sapphire Wind Farm and a 69% stake in the Bomen Solar Farm.

In addition to its renewable energy investments, Stockland is also implementing energy efficiency measures across its portfolio. The company has implemented a range of initiatives, including LED lighting, energy-efficient HVAC systems, and building automation systems, to reduce energy consumption and improve the sustainability of its buildings.

Stockland is also committed to carbon offsetting, and the company has invested in a range of projects to offset its carbon emissions. The company has invested in a range of projects, including reforestation, renewable energy, and energy efficiency projects, to offset its carbon emissions and support the transition to a low-carbon economy.

In conclusion, Stockland Corporation Limited and Stockland Trust is a leading Australian property development and investment company that operates in the Multi Asset Class Own & Develop sector. The company is committed to sustainability and has set ambitious targets to reduce its carbon footprint and transition to renewable energy sources. Stockland is investing in a range of renewable energy projects, including solar and wind farms, and is also exploring the use of corporate power purchase agreements (PPAs) to source renewable energy directly from generators. The company is also implementing energy efficiency measures across its portfolio and investing in carbon offsetting projects to support the transition to a low-carbon economy.

✓ Science Based Targets member
✓ Declared Net Zero commitment