Stockland has become the first Australian property company to commit to using Green Star across its shopping centre portfolio.

So far it has submitted 22 of its 41 shopping centres – those with NABERS ratings – for Green Star – Performance certification. These buildings’ NABERS energy efficiency rating will be transferred across to the Green Star rating criteria to speed up the assessment process.

Green Building Council of Australia chief executive Romilly Madew said Stockland’s leadership sent a signal to the rest of the industry.

“Green Star – Performance can rate entire portfolios, and it can do so quickly,” Ms Madew said.

The rating tool, launched in 2013, enables owners to measure operational performance and identify areas for improvement.

It assesses nine criteria, many of which go beyond the parameters of NABERS:

  • Energy
  • Water
  • Transport
  • Materials
  • Indoor environment quality
  • Management
  • Land-use and ecology
  • Emissions
  • Innovation

Stockland commercial property chief executive John Schroder said there was an emphasis on environmental performance and sustainable design of Stockland shopping centres across Australia.

“This accreditation offers an important portfolio baseline which enhances our ability to look at ways we can improve our management of various types of retail buildings in the future,” he said.

“We truly believe in the ability for sustainability practice to change the retail landscape in Australia and this commitment is an important step in that direction.”