Stockland has been named the most sustainable property company for the ninth time and second year running, according to the Dow Jones Sustainability Indices.
Stockland had more than double the average rating of property companies included on the list, with a score of 88 compared to an average 43.
A DJSI statement said the company had successfully linked its sustainability priorities with its overall business strategy.
Stockland group executive and chief executive of residential Andrew Whitson said the company was extremely proud of the result.
“Having been a member of the DJSI World for the past ten years, this accolade truly demonstrates our strong commitment to sustainability leadership,” he said.
“At Stockland, we live by our purpose that we believe there is ‘a better way to live’, creating vibrant and thriving places for people to shop, work and live, now and into the future. Our investment in sustainability initiatives across environmental, social and governance dimensions creates values for our securityholders and our customers.”
The index has been designed to give investors information in which to compare companies on a range of metrics, including corporate governance, risk management, climate change strategy, environmental management, human capital development and stakeholder engagement.
“With 2016 likely to be the hottest year on record, investors are again reminded that companies’ environmental and sustainability efforts are crucial to their financial outcomes,” S&P Dow Jones
Indices managing director and index committee chairman David Blitzer said.
The only other Australian leader in the indices was Westpac, named the most sustainable bank.
Wesfarmers this year joined the list under the Food & Staples Retailing category, while BHP Billiton was deleted from the sustainability rankings.