About this report

Our Sustainability Report is an account of our sustainability performance during the 2023 financial year (FY23), with independent assurance provided by Point Advisory. This report includes discussion of our material sustainability matters and details our performance against our Sustainable Places Strategy.

Where performance against a target has not been achieved (or is not in scope for the reporting period) an explanation is provided.

Our reporting boundaries are explained in the following section.

Throughout this report, we disclose our management approach to each of our Sustainable Places Strategy pillars of Climate Resilient Places, Healthy & Inclusive Places, Productive Places and Accountable & Collaborative Places.

This report is prepared in accordance with the Global Reporting Initiative (GRI) Standards: Comprehensive option.

Reporting Requirements

The Landcom Corporation Act 2001 (NSW) requires us to report annually against our sustainability performance. The Act states we must adopt sustainability performance indicators that are benchmarked against international best practice.

After extensive community and industry consultation our Sustainable Places Strategy was finalised and endorsed by the Landcom Board in November 2017, and took full effect for Landcom during FY18.

An integral part of the Strategy was declaring our intention to enhance our performance targets over time in order to attain our goals. Throughout this report we have begun to introduce some of our new performance measures, and from next year these will be fully integrated.

Material Matters

This report identifies and discloses the material aspects of our operations in accordance with the GRI Standards. We have also mapped our material issues and Strategy targets to the United Nations Sustainable Development Goals.

Materiality is an important process that informs how we do business. It provides insight into what our stakeholders value from our approach to sustainability.

We use the GRI’s Global Sustainability Standards Board standard, as well as the AA1000 Accountability Principles Standard (2018) in our approach to materiality. We apply GRI’s four- stage approach to materiality and boundary guidance, and we execute this approach with reference to the quality assessment adherence criteria for the AA1000 Principle of Materiality.