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.
In line with our Sustainability Strategy and our commitment to continuous improvement in reporting and disclosures, The Star has developed reporting further in 2019 to include the Global Reporting Initiative (GRI) building on steps forward in 2018 where Limited Assurance was included for the first year.
Resource consumption intensity metrics have been expanded over the past two years to include measurement by square meter intensity, in addition to visitor intensity. Further independent green benchmarks have also been sought in Green Star and NABERS to assess performance and lift performance across the portfolio. The Group will continue to expand sustainability reporting each year.
The Star’s Sustainability Strategy is underpinned by a structured materiality assessment process conducted annually which identifies the Group’s key emerging and operational environmental, social and governance (ESG) issues. The Materiality Assessment forms the basis for the Sustainability disclosures and material issues are reported against within the Annual Report. The Sustainability Strategy initiatives reflect the business response to material issues identified, and best practice performance.
In 2019, The Star sought to apply a ‘core’ level of compliance against the GRI – a globally recognised sustainability reporting framework, which demonstrates our efforts to continually improve our sustainability practices and reporting.
A number of required disclosures have been detailed within the index itself. Where reference is made to other documents (for example, the Annual Report), we have included direct hyper-links to this information The Star Entertainment Group’s 2019 GRI Content Index
The Star Entertainment Group’s energy and greenhouse gas emissions are reported under the National Greenhouse and Energy Reporting System (NGER) annually. In addition to NGER reporting, The Star Entertainment Group has obtained ‘Limited Assurance’ by EY for the 2018 financial year across its energy and carbon data. The Basis of Preparation document and assurance opinion are available.
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 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 have been awarded the global leader of the Casino and Gaming Industry in the latest annual assessment for the Dow Jones Sustainability Index (DJSI) in 2018
The Star Sydney has recycled over 2.65 million kgs of glass in 9 years using Bottle Cycler as at January 2018. Crushing glass is supporting our progress towards our waste diversion targets
1,320 tonnes of waste converted to green electricity between June 2018 – May 2019
Over $3.9 million saved through implementing over 43 energy efficiency initiatives in the last five financial years
26,310 soaps created via Soap Aid for disadvantaged communities across our three properties
32,690 bars of soaps created via Soap Aid for disadvantaged communities across our three properties
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 for third consecutive year (2018, 2017, 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
Green Building Council of Australian 5 Star Green Star Interiors Rating for the Sydney corporate office
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.
Single-Use Plastics Reduction Pledge
As part of the Group’s commitment to reduce waste to landfill and increasing recycling rates, The Star has pledged to reduce single-use plastics across its properties.
The Star Sydney is also also a founding signatory to the City of Sydney’s Single Use Plastics Pledge
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.