MBA – HRM (2021-23)

Corporate Social Responsibility and Sustainable

Development

Individual Assignment
Stockland Corporation ltd.

SUBMITTED BY: Divya Parmar

ROLL NO: 218008

SUBMITTED TO: Prof. Pooja Grover Bhatnagar

Date of Submission: 15th February 2023

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 INTRODUCTION

In addition to developing, owning, managing, and investing in a variety of properties, including

residential, commercial, and industrial ones, Stockland is an Australian diversified real estate
firm. They also manage a network of commercial centres and run retirement residences. The
company's main objective is to build sustainable communities that satisfy the needs of its clients
and produce long-term profit for its owners.

Corporate Social Responsibility and Sustainable Development Policy & Approach

Corporate social responsibility (CSR) and sustainable development are corporate strategies that
consider how a company's operations may affect the social, economic, and environmental
conditions. According to this ideology, firms should put equal emphasis on long-term value
creation for all stakeholders, including clients, staff members, shareholders, and the general
public. This entails putting ethical behaviour and transparency into practise, encouraging
sustainable practises, and improving society and the environment. Making ensuring the
business's activities are sustainable and have a beneficial impact on the globe is the aim.

Some best practices in corporate social responsibility and sustainable development:

1. Creating a thorough sustainability strategy that is in line with the company's values and
commercial objectives.
2. Engaging stakeholders on a regular basis to make sure sustainability activities are
achieving the demands and goals of all pertinent parties.
3. Using a life cycle approach to product design, which takes the environment into account
from the point of manufacture to the point of disposal.
4. Making investments in energy-efficient and renewable energy technology to lower
carbon emissions and lessen the effects of climate change.
5. Adopting ethical sourcing procedures to make sure that raw materials are supplied
ethically and sustainably.
6. Using staff education and training to promote a sustainable culture across the entire
organisation.
7. Creating measurements and tracking frameworks to track and gauge the success of
sustainability activities.
8. Working together with stakeholders and other groups to promote group action towards
sustainability.
9. Making information regarding sustainability performance transparent and available,
especially by publishing sustainability reports.
10. Supporting charitable and community investment programmes in the areas where the
business operates.

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Stockland has a comprehensive Corporate Social Responsibility (CSR) and Sustainable
Development policy and approach, which includes the following key elements:

Sustainability in the environment: Stockland is dedicated to lessening its influence on the

environment by using sustainable practises throughout its activities. The use of renewable
energy, the reduction of waste and carbon emissions, the promotion of biodiversity, and
sustainable water management are a few examples of this.

Social Responsibility: Stockland strives to positively impact the areas in which it operates by
promoting cultural and community activities, health and wellbeing, and education and training.
Additionally, the business works to encourage inclusion and diversity among its workforce and is
dedicated to giving workers a safe and healthy workplace.

Governance and ethics: Stockland is firmly committed to transparent operations, moral corporate
conduct, and ethical leadership. To ensure adherence to pertinent laws and regulations and to
advance ethical behaviour in all business operations, the organisation has set clear rules and
processes.

Supply Chain Management: Stockland looks to cooperate with vendors and contractors who
support social responsibility and sustainable development. For the purpose of ensuring that its
suppliers uphold high ethical and environmental standards, the corporation has adopted a set of
supply chain guidelines.

The key stakeholders of Stockland company include:

 Customers are the main stakeholders in Stockland because they buy or rent the company's
residential, commercial, and industrial assets, as well as use its shopping complexes and
retirement homes.
 Investors who have bought Stockland shares and anticipate a return on their investment
through dividends and capital growth are known as shareholders.
 Employees: The people who work with Stockland and make a difference to its success are
crucial stakeholders. The company cherishes its workers and offers them a healthy and
safe working environment, chances for training and development, as well as competitive
pay and benefits.
 Communities: Stockland is dedicated to enhancing the social, economic, and
environmental wellbeing of the many communities in which it operates and engages.
 Regulators and Government Authorities: Stockland must abide by a number of laws and
regulations. To do this, it has a tight working relationship with regulators and government
authorities.
 The company works with a variety of suppliers and contractors to deliver its products
and services, and is committed to developing strong and sustainable relationships with
them.

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One of Stockland's major CSR/SD project :

It is their "Sustainability Linked Loan" initiative. As the first Australian real estate company to
get a loan that is based on the sustainability and social performance of the business, Stockland
did so in 2019. With this project, Stockland is encouraged to meet particular environmental and
social goals, such lowering carbon emissions and fostering diversity and inclusion. If the
business achieves these goals, its borrowing costs will be lower; if it doesn't, they will be higher.
A long-term perspective on the company's environmental and social impact is encouraged by this
strategy, which also links the company's financial and sustainability goals. Investors have
responded favourably to the effort, which has helped establish Stockland as a pioneer in
sustainability and ethical business conduct in the real estate industry.

Stockland can consider implementing the following initiatives in addition to their existing
efforts for corporate social responsibility and sustainable development:

1. Adopting a circular economy approach to improve resource efficiency and cut waste in
their operations.
2. Making investments in renewable energy sources to lower carbon emissions and lessen
the effects of climate change.
3. Placing a priority on the preservation of biodiversity through programmes like protecting
endangered species and restoring habitat.
4. Making their infrastructure and buildings more sustainable and energy efficient.
5. Increasing stakeholder involvement and openness to make sure they are meeting the
requirements and standards of their clients, staff, and neighbourhood communities.
6. Forming alliances with businesses and suppliers who share their values and aspirations in
terms of sustainability.
7. Educating and training staff members about sustainability to ensure that it is ingrained in
their culture and decision-making procedures.

Some relevant observations about their policies and initiatives include:

1. They have a clear sustainability strategy that is incorporated into their daily operations
and in line with the Sustainable Development Goals of the United Nations.
2. Stockland is dedicated to lowering its carbon emissions and has established challenging
goals to attain net zero emissions by 2028.
3. The business has a number of programmes in place to support biodiversity conservation,
including the preservation of endangered species and the development of habitat
corridors.
4. They put a lot of emphasis on ethical sourcing, making sure that their raw materials are
obtained ethically and sustainably.

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 5. Stockland has a variety of community investment projects designed to aid the areas in
which they operate, such as programmes centred on affordable housing, health care, and
education.
6. The business has a proven track record of disclosure and transparency, publishing
sustainability reports frequently and interacting with stakeholders on sustainability-
related problems.

Generally Stockland has shown a significant commitment to CSR and sustainable development
and has carried out a number of projects to address environmental, social, and governance
challenges.