The report covers the company’s performance across a number of key indicators during 2010 and provides a baseline from which the Group can continue to evolve its sustainability policies and procedures.
The Sustainability Report has been prepared in accordance with the guidelines of the GRI G3 Framework and in this first year has targeted a GRI Level C rating.
A key priority for the Group in preparing its report has been to identify issues material to the business through comprehensive internal stakeholder reviews steered by Westfield’s sustainability working groups, from operational through to executive management.
The scope of the report includes Westfield’s physical assets under management, covering key issues as greenhouse gas emissions across the Group’s global portfolio; the generation and distribution of economic value; workplace measures relating to safety and absenteeism and the level of community engagement undertaken by the organisation.
Many of the activities forming part of the Group’s sustainable business practices have been in place for many years with others being more recent initiatives.
The Westfield Group (ASX Code: WDC) is an internally managed, vertically integrated, shopping centre group undertaking ownership, development, design, construction, funds/asset management, property management, leasing and marketing activities and employing over 4,000 staff worldwide. The Westfield Group has interests in and operates one of the world's largest shopping centre portfolios with investment interests in 124 shopping centres across Australia, the United States, the United Kingdom, New Zealand and Brazil , encompassing around 25,000 retail outlets and total assets under management of A$59.6 billion. *