Mirvac Commits to Being a Force for Good

Mirvac Group has today announced bold new sustainability targets, as part of the next phase of its This Changes Everything strategy.

As part of the evolution of the strategy, the Group will direct $100 million towards organisations that are purpose-driven by 2030. This commitment will see Mirvac increase its collaboration with social enterprises and Indigenous businesses as part of its supply chain, as well as charitable organisations.

“We want businesses to be a force for good in our communities, and so we are proud to use our purchasing power by working with suppliers who share that vision”, said Mirvac’s CEO & Managing Director, Susan Lloyd-Hurwitz.

The Group is also proud to announce it:

• has reaffirmed its industry-leading environmental commitments to be net positive in carbon and water, and send zero waste to landfill, by 2030;
• will provide unlimited fully paid volunteer leave to its employees; and
• will triple its community investment by 2022.

Mirvac’s Group General Manager, Sarah Clarke, said, “The targets we’ve announced today show our purpose to Reimagine Urban Life in action.

“And with trust in all institutions at a low point, it’s critical that companies not only do the right thing, but be open about their activities and help restore faith in the integrity of business.”

Launched in 2014, This Changes Everything is Mirvac’s set of ambitious targets that aim to leave a positive legacy on Australian communities and the planet.

The Group’s achievements to date include:

• creating a renewable energy company, Mirvac Energy, and installing over 1MW of solar power;
• managing the first building in Australia to achieve 6 Star Green Star Performance, 6 Star NABERS Energy and 6 Star NABERS Water ratings, without the use of green power;
• reducing carbon intensity by 26 per cent and water intensity by 25 per cent since 2014; increasing construction recycling rates to 95 per cent and operational recycling of waste to 70 per cent;
• prototyping the world’s first House with no Bills; and
• implementing Mirvac’s first Reconciliation Action Plan.

In an Australian clean energy first, Mirvac is also working with the Clean Energy Finance Corporation to embed a range of clean energy initiatives as part of the base build in approximately 340 new homes at its proposed masterplanned residential communities. The Group meanwhile continues to progress solar initiatives across its residential projects, including Brighton Lakes and The Crest in Sydney, Tullamore in Melbourne, and Ascot Green in Brisbane.

In addition to this, the Group’s collaboration with Mates on The Move, a social enterprise initiative that provides employment pathways for men and women exiting correctional centres in NSW, has seen almost 90 tonnes of coffee cups and paper towels diverted from landfill in its first eight months of operation.

Mirvac was also the recipient of Australia’s first Gold WELL rating for human health and wellbeing for its tenancy at the EY Centre, 200 George Street in Sydney, and was rated the world’s most sustainable real estate company by the Dow Jones Sustainability Index in 2017.

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