Environment

The Star Entertainment Group is committed to managing our operations in line with our Environmental Management Policy. Resource use reduction and improving environmental outcomes remain our key priorities in the design and operation of our portfolio.

Our Sustainable Design and Operational Standards demonstrate our focus on building world class integrated resorts by providing suppliers and contractors recommendations by category for the following areas: Water; Energy; Waste; Biodiversity; Interiors; Materials; Best practice & Innovation; and Management of Suppliers.

Targets

Net Zero

Carbon emissions
by 2030*

30%

REDUCTION IN CARBON & WATER INTENSITY BY 2023 

100%

TAKEAWAY FOOD PACKAGING TO BE COMPOSTABLE**

90%

of our portfolio to attain green ratings

25%

of our energy sourced from renewables^

*for wholly owned and operate assets   **currently at 98%  ^via a purchase power agreement

More Information

The Star Entertainment Group recognises that its properties may be susceptible to future changes in climate and that we have a responsibility to reduce resource consumption. Accordingly, we are committed to improving the resilience of our business operations, our assets, and the precincts in which our properties are located. 

We recognise the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures and the associated framework. Since the release of the Recommendations in FY2017, we have been working to align our climate change risk assessments and new projects to the four framework areas namely Governance, Strategy, Risk Management and Metrics and Targets.

Physical Climate Risk Assessments

The Star physical climate change risk assessments biennially to identify, measure and manage potential climate risks to assets In addition to the climate change assessment work already completed from FY2017 – FY2019, including physical risk assessments and the setting and monitoring of targets, The Star Entertainment Group has committed to a low carbon future by setting a target to achieve net-zero carbon emissions for our wholly owned and operated assets by 2030 as a long term measure. We remain committed to immediate action through our interim carbon and water targets to achieve a 30% reduction from 2013 – 2023 on an intensity basis to support our pathway to reduce our carbon footprint.

Climate Risk Management

Climate change risk forms part of the company risk register and is managed under the normal risk processes with oversight from the Board. The Group acknowledges that climate change, particularly in relation to planning and contingency planning, may create a range of potential impacts. In the areas in which the Group has properties located, there is potential for changes in temperatures and related weather events in future that might impact air conditioning, building, construction and design standards.

To help manage these risks into the future and to design and build with a changing climate in mind, prioritised mitigation and adaptation actions have been developed and are included in the Group’s Sustainable Design and Operational Standards that are required to be applied to all major projects.

Energy, water, carbon emissions and recycling and monitored and reported to ensure that the Group manages resource consumption in line with growth. Performance is measured and reported in absolute consumption metrics and against square meters of conditioned space intensity and visitation on an intensity basis.

The Group’s total carbon emissions, as reported, equate to emissions from purchased gas and electricity only, which aligns with the Group’s targets that cover our material sources of carbon emissions. Additional sources of Scope 1 emissions include refrigerant gases, and fuel consumption, both of which comprise less than 1% of total emissions for the year. Additionally, 1.1% of FY2020 utility invoices were unbilled at the time of reporting (from water), based on cost. The missing usage has been estimated as 0.0% (17MWh) for electricity, 0.0% (31GJ) for gas.

1.1% of FY2020 utility invoices were unbilled at the time of reporting based on cost. The missing usage has been estimated as 5.8% (37ML) for water. The FY2013 baseline for waste has been recalculated. ‘Recycling intensity’ kg/visitor has been used in FY2017 to FY2020, not ‘waste to landfill intensity kg/visitor’ as used in FY2016, which better reflects recycling performance. Square metres, are square metres of conditioned space only, which is defined as space that has been mechanically heated or cooled that the Group had operational control over at the close of each financial year.

The Star reports under the National Greenhouse and Energy Reporting System (NGERS) annually to Government. Our emissions sources include our buildings, refrigerants and incidental sources. Emissions are managed and qualified by a third party prior to submission.

Our emissions breakdown:

YearScope 1Scope 2Total Emissions
FY128,565105,897114,462
FY1310,008106,995117,003
FY149,566103,865113,431
FY1510,04297,595107,637
FY1610,49494,456104,950
FY1710,51790,948101,465
FY1810,74195,167105,908
FY1911,54495,875107,419
FY208,95285,99394,945
FY218,95389,46698,419
Scope 3 emissions

The Star Entertainment Group has set a 2030 Net-zero carbon emissions reduction target for Scope 1 and Scope 2 emission from fully owned and operated assets. 

In FY2021, The Star committed to measuring its most material Scope 3 emissions which are our indirect emissions that occur in the value chain, including both upstream and downstream emissions.  

In March 2021, The Star completed a Value Chain Emissions Mapping and Materiality Assessment to understand the Group’s most material Scope 3 emissions by spend. The boundary of the assessment included all assets that The Star has operational control over as per the NGER Act. 

Most Material Scope 3 Emissions 

As a tourism, entertainment and hospitality business, our properties welcomed over 18 million visitors each year (pre-COVID) and the Group has a strong construction pipeline to develop new integrated resorts. 

The Star, supported by its third-party carbon consultancy, have estimated its Scope 3 emissions footprint aligned to the GHG protocol using a FY2020 general ledger (pre-COVID).  

By spend, four category groups were responsible for almost 50% of The Group’s Scope 3 emissions, a direct reflection of the industry sector in which we operate. Capital Development Projects were responsible for 26% of Scope 3 emissions and the purchase of meat for Hospitality food services was responsible for 11%. Third party activities for Marketing and the purchase of Dry Goods each contributed 4%. 

Economic Emission factors were applied to determine The Group’s estimated Scope 3 emissions footprint aligned to the GHG protocol.  It should be noted that these economic emission factors can typically inflate the quantum of emissions.  Sourcing Scope 3 data directly from suppliers is more accurate however is not provided by most suppliers. A financial approach allows for a broader inclusion of Scope 3 emissions’ to be collected, measured and managed in the supply chain. 

Category GroupSubcategory% Scope 3 Emissions
Capital ProjectsContract Works – Building26%
HospitalityMeat11%
MarketingAgents & Acts4%
HospitalityDry Goods Grocery4%
Next Steps 

As our four most material issues, we will be seeking opportunities to reduce these embedded emissions in our supply chain over time.

The Star is examining its highest spends within the product categories to understand what are the most carbon intense and actively determining a pathway to reduce embedded emissions from selective product and service procurement. 

In FY2022, the Group will focus on refining its Scope 3 inventory using direct source data provided by suppliers where available, as well as incorporate other relevant emission sources such as waste and employee commuting.   

To date, we have achieved 50% third party certified environmental ratings across our portfolio.

Key    Comitted    Achieved

Queen’s Wharf Brisbane

6 Star Green Star Communities v1 rating

6 Star Green Star Design & As Built v1.1 rating for non-residential new buildings

Industry Best Practice Design & As Built v1.1 ratings for existing heritage buildings

Green Star Performance ratings for each non-residential building

The Star Gold Coast

Green Star Performance rating

The Dorsett hotel and apartments tower

5 Star Green Star Design v1.1 Review

5 Star Green Star Design & As Built v1.1 rating

The Star Gold Coast – Tower 2

5 Star Green Star Design v1.1 Review

5 Star Green Star Design & As Built v1.1 rating

The Star Sydney

Green Star Performance rating

The Star Entertainment Group’s Sydney Corporate Office
60 Union Street, Pyrmont, NSW

5 Star NABERS Tenancy rating

5 Star Green Star Interiors rating

The Star operates over 60 bars and restaurants and 7 hotels and we are committed to long term food waste reduction across all of our venues. 

Food waste including preparation, food loss and plate waste has been considered a material concern from the inception of The Star’s first Sustainability Strategy.  

We’ve the ability to influence and reduce food waste through process improvement, training and management practices and recognise the upstream and downstream environmental, social and economic impacts food waste creates. We also acknowledge that overtime food waste has increased in its importance to our stakeholders, team members and guests and we are committed to working across our venues and across our industry to reduce food waste generation.   

The Star Sydney is working towards diverting 100% of food waste from landfill. 

The Star Sydney first introduced a collection program for food waste in 2013 to ensure that food waste wasn’t landfilled, it was processed through a dedicated food waste plant to create green energy and fertiliser. Since 2013, monthly tonnages have been monitored, measured and reported.  

We continue to explore onsite organics and food waste processing technologies that further minimise environmental impact and work with industry to share learnings.  The Star Sydney is a founding member of Sydney’s Sustainable Destination Partnership (SDP), a collaboration of hotels, entertainment venues and cultural institutions, working to improve the environmental performance of our sector and support Sustainable Sydney 2030.  In line with SDP’s environmental targets and industry leadership, The Star is committed to halving our food waste by 2026, four years ahead of international and national goals. 

The Star has introduced a number of programs and processes across our properties to minimise food waste: 

  • All teams handling food are appropriately trained on inventory management techniques 
  • Practising good stock control through efficient ordering, stock rotation and ensuring stored food is clearly labelled with ‘best before’ or ‘use by’ dates.  
  • Incorporating ingredients across multiple outlets and different dishes to maximise efficiencies  
  • Centralised kitchen operations support in accounting for, measuring and managing food loss and waste 
  • A large portion of our vegetables and protein purchased is preprepared to minimise waste  
  • Food waste from spoilage is closely tracked, reported, and reviewed by kitchens to future minimise operational waste 
  • Our Harvest and Event buffets have significantly reduced the amount of food typically wasted by buffet-style dining through moderating the amount of food displayed at any one time and offering more chef delivered buffet experiences where guests can choose the portion sizes   
  • We work closely with our food rescue partners Oz Harvest, Second Bite and Foodbank to redistribute food over-prescribed from venues or events  
  • Sizing our crockery including plates and bowls appropriate to the food offerings across all team member dining rooms 
  • We continue to educate our team members on healthy eating choices and portion sizes in our team member dining rooms to reduce food plate waste and to support health and wellbeing 
  • We understand our suppliers can reduce food waste significantly and impact the embedded carbon and distance travelled in the produce we buy. We promote innovation in our supply chain and within The Star’s Supplier Code of Conduct expect our suppliers will: 
  • Identify, control, and where possible, minimise adverse environmental impacts arising from its operations, products or services 
  • Prevent pollution, minimise waste and improve resource use efficiency 
  • Proactively and collaboratively work with their suppliers to improve their performance and bring them to work in line with our Code of Conduct 

 

Managing food waste case study:  

Reusing Waste Oyster Shells to Improve Ecology with Oceanwatch Australia 

 

Sydney Destination Partnership 

In FY2018, The Star Sydney has partnered with the City of Sydney Council, accommodation, entertainment and tourism operators to build Sydney’s reputation on the global stage with the launch of a dedicated Sustainable Destination Partnership program.
The initiative brings together more than 40 local and international organisations including major hotels, museums and city attractions, to improve Sydney’s environmental performance by increasing its use of renewable energy, reducing water consumption and improving waste management and recycling systems.

The Global Compact Network Australia

The Star Entertainment Group joined as a signatory to the Global Compact Network Australia (GCNA) in support of the United Nations Global Compact (UNGC) in February 2021. 
The GCNA is the Australian business-led initiative of the UNGC where member organisations pledge to support and align their strategies and operations with the Ten Principles on Human rights, Labour, Environment and Anti-corruption and the SDGs. 

Green Building Council Australia 

Established in 2002, Green Building Council Australia’s (GBCA) purpose is to lead the sustainable transformation of the built environment within Australia. GBCA rates the sustainability of buildings, fitouts and communities through Australia’s largest national, voluntary, holistic rating system – Green Star. 

The Star has been a member of GBCA since 2017 and is committed to ensure its building and projects are environmentally certified by independent third parties. 

Soap Aid

Soap Aid is a not-for-profit organisation recycling and sending critical soap to communities facing major hygiene challenges. The Star has been a member of the organisation since 2016, and donated over 1,335 kilograms of soap from across its hotel portfolio to the program. 

 

CLIMATE CHANGE RISK ASSESSMENT

The Star Entertainment Group recognises that its properties may be susceptible to future changes in climate and that we have a responsibility to reduce resource consumption. Accordingly, we are committed to improving the resilience of our business operations, our assets, and the precincts in which our properties are located.

The Group recognises the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures and the associated framework. Since the release of the Recommendations in FY2017, we have been working to align our climate change risk assessments and new projects to the four framework areas namely Governance, Strategy, Risk Management and Metrics and Targets. In FY2020, we released our first Climate-related Disclosures progress report.

In addition to the climate change assessment work already completed from FY2017 – FY2019, including physical risk assessments and the setting and monitoring of targets, The Star Entertainment Group has committed to a low carbon future by setting a target to achieve net-zero carbon emissions for our wholly owned and operated assets by 2030 as a long term measure.  We remain committed to immediate action through our interim carbon and water targets to achieve a 30% reduction from 2013 – 2023 on an intensity basis to support our pathway to reduce our carbon footprint.

Climate change risk forms part of the company risk register and is managed under the normal risk processes with oversight from the Board. The Group acknowledges that climate change, particularly in relation to planning and contingency planning, may create a range of potential impacts. In the areas in which the Group has properties located, there is potential for changes in temperatures and related weather events in future that might impact air conditioning, building, construction and design standards. To help manage these risks into the future and to design and build with a changing climate in mind, prioritised mitigation and adaptation actions have been developed and are included in the Group’s Sustainable Design and Operational Standards that are required to be applied to all major projects. 

2016 SHARE SALE FACILITIES

The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.

Participation in the separate share sale facilities were open to eligible shareholders whose registered address was in Australia or New Zealand as at 7.00pm (Sydney time) on 29 March 2016 (Record Date) and who were:

  1. registered holders of less than a marketable parcel of shares (i.e. less than $500 worth of shares on the Record Date) (Small Holding Sale Facility); or
  2. registered holders of 5,000 or less shares (but held at least $500 worth of shares) on the Record Date (Voluntary Share Sale Facility).

On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.

Both share sale facilities closed at 5:00pm (Sydney time) on 17 May 2016 (Closing Date).

All participants who had their SGR shares sold under either the Small Holding Sale Facility or the Voluntary Share Sale Facility received the same average price of $5.51 per share, which was calculated by dividing the total proceeds from the sale of all SGR shares sold under the facilities by the total number of SGR shares sold under the facilities.

Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register.

Small Holding Sale Facility

The Small Holding Sale Facility was conducted in accordance with The Star Entertainment Group’s Constitution and the Australian Securities Exchange Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).

Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less.

Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date.

Small Holding Facility Key Dates:

  • 29 March 2016 (7pm) – Record Date
  • 5 April 2016 – Facility Opened
  • 17 May 2016 (5pm) – Facility Closed
  • 27 May 2016 – Payment of sale proceeds and mailing of payment advices

Voluntary Share Sale Facility

The Voluntary Share Sale Facility was conducted in accordance with Class Order CO 08/10 issued by the Australian Securities and Investment Commission.

Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date.

Voluntary Holding Facility Key Dates:

  • 29 March 2016 (7pm) – Record Date
  • 5 April 2016 – Facility Opened
  • 17 May 2016 (5pm) – Facility Closed
  • 27 May 2016 – Payment of sale proceeds and mailing of payment advices

For full details of the Small Holding Sale Facility and the Voluntary Share Sale Facility, please see the ASX Announcement dated 5 April 2016 in the News section of our website.

POST DEMERGER TAX INFORMATION

The demerger of The Star Entertainment Group (formerly known as Echo Entertainment Group Limited) from Tabcorp Holdings Limited (Tabcorp) was implemented on 15 June 2011 by way of Scheme of Arrangement pursuant to the Tabcorp Scheme Booklet dated 15 April 2011 (Demerger).

As part of the Demerger, Tabcorp sought a ruling from the Australian Taxation Office on the taxation implications for shareholders. On 29 June 2011, the Australian Taxation Office issued Class Ruling CR 2011/66, in accordance with the application made by Tabcorp. A copy of the Class Ruling CR 2011/66 can be viewed here.

A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.

Click here to download the Tax Calculator
Click here to access information on the Australian Taxation Office website