Our Sustainability Strategy - 'our bright future'
In 2016 The Star Entertainment Group set out a new five-year sustainability strategy called 'Our Bright Future'.
The Star Entertainment Group's view of sustainability is broad and focuses on building business capacity and delivering continuous improvement in the management of environmental, societal and governance issues. ‘Our Bright Future’ groups our objectives and targets into four key pillars :
- we strive to be Australia's leading integrated resort company
- we actively support guest wellbeing
- we attract; develop and retain talented teams and
- we develop and operate world class properties.
The Sustainability Strategy is underpinned by a structured materiality assessment process.
The Star Entertainment Group is committed to managing our operations in line with our Environmental Management Policy. The Star Entertainment Group is committed to sustainable design and retrofit across our properties. However we are aware that as we expand our entertainment offering we activate more floor space, thus it is expected we will consume more energy.
The Star Entertainment Group closed out targets from FY13 - FY16 in the previous financial year and is in the progress of setting new targets aligned with our strategy and development pipeline for resource consumption.
- Our performance against our 2014 objectives is available here
- Our performance against our 2015 objectives is available here
- Our performance against our 2016 objectives is available here
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:
7. Best practice and innovation
8. Management of suppliers
Energy efficiency is a key part of these best practice guidelines recommending that all new The Star Entertainment Group developments and retrofits consider:
- Reducing solar gain in our design and enhanced shading to reduce HVAC load
- Sub-metering and performance monitoring
- Utilising natural lighting, ventilation and inroom technologies
- Installing the most energy efficient plant and controls and overall value engineering
- Trialing new technologies suited to our buildings
- Valuing technologies that demonstrate reduced resource use over time
The Star Entertainment Group is proud to again be the global leader of the Casino and Gaming Industry in the latest annual assessment for the Dow Jones Sustainability Index (DJSI) in 2017. Maximum scores were achieved in the areas of "Anti - Crime Policy & Measures" and "Promoting Responsible Gambling."
- The Star Sydney has recycled over 2.2 million kgs of glass in 8 years using Bottle Cycler as at January 2018. Crushing glass is supporting our progress towards our waste diversion targets.
- 1,200 tonnes of waste converted to green electricity between February 2017 - January 2018
- Over $1.4 million saved through implementing over 26 energy efficiency initiatives in the last two financial years
- 9,900 soaps created via Soap Aid for disadvantaged communities across our properties
- The Star Gold Coast completed a $40 million infrastructure project to allow for expansion plans in December 2017. New plant has contributed towards the Group’s carbon and water targets with full benefits to be realised in FY18. The Star Entertainment Group has been independently assessed according to the FTSE4Good criteria, and has continued to be a member of the FTSE4Good Index
- Global leader Dow Jones Sustainability Index (DJSI) for the Casinos and Gaming Industry 2017 and 2016
- The Star Sydney, Winner, Environment and Energy category, 2017 Australian Hotels Association Awards
- The Star Sydney, Finalist, 2017 CitySwitch NSW Awards
- RobecoSam Sustainability Award for Industry Mover 2017 and Gold Status Achiever
- Tourism Accommodation Australia (NSW) finalist for "Best Environmental Practices Metropolitan Hotel" 2016 and 2015
- NSW Government Green Globe Awards Finalist ‘Waste and Recycling Practices’ 2015
- Finalist, ‘Waste and Recycling Practices’, NSW Government’s Green Globe Awards 2015
- Winner NSW and National ‘New Signatory of the Year’ award, City Switch Program 2014
Resource Consumption Performance
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 both in absolute consumption metrics and against visitation on an intensity basis.
The Star Entertainment Group has set organisational sustainability targets in alignment with the ‘Our Bright Future’ strategy. The resource targets cover a 10-year time frame, are at an organisational level and are as follows:
- 30% reduction in carbon emission intensity by financial year 2023 based on a financial year 2013 baseline year (per m2)
- 30% reduction in potable water consumption intensity by financial year 2023 based on a financial year 2013 (per m2)
Climate Change Risk Assessment
The Star Entertainment Group has recognised the need for climate change risk assessment to determine how its properties may be susceptible to climate change in the future, and how it can mitigate those risks, as well as fulfilling its responsibilities in reducing resource consumption.
The Star Entertainment Group has undertaken a variety of initiatives to support our sustainability and environmental targets. These include, but are not limited to:
- Planning And Designing In Sustainability - The Astral Tower
- Reusing Waste Oyster Shells To Improve Ecology With OceanWatch Australia
- Design In Action - The Star Gold Coast
These cases studies demonstrate how we are committed to reducing our environmental footprint through positive and measurable actions.