Mirvac Group has released its first Supply Chain Annual Report that details all outcomes since launching its sustainability strategy, This Changes Everything, in 2014.
Mirvac’s sustainability strategy, This Changes Everything sets out clear sustainability targets and steps to achieve them. A first by any property company in Australia, Mirvac’s inaugural public report elaborates on the Group’s performance against its sustainability criteria.
One of these sustainability targets includes Mirvac’s commitment to prequalify 50 per cent of its supply chain by value, on social and environmental sustainability criteria by the end of 2015.
Mirvac’s Group General Manager, Sustainability and HSE, Paul Edwards explains that the report is based on the Group’s key objective to educate, encourage and engage their suppliers to create a more sustainable and resilient supply chain. Observing that there was a huge amount of unlocked potential in existing products and innovation within their supply chain, he said they were confident this pre-existing source could be engaged to help Mirvac and their suppliers achieve a more sustainable future.
Since the launch of their sustainability strategy over 12 months ago, Mirvac has established responsible sourcing requirements in their internal procurement policy, developed a sustainability questionnaire and a Vendor Code of Conduct. The company is also incorporating sustainability requirements into new contracts with suppliers in their ‘subcontract’ category working on Mirvac construction sites.
Over the 2015 financial year, Mirvac engaged with 107 suppliers representing approximately 33 per cent of its financial year 2014 spend in order to understand the level of sustainability within its supply chain.
Click here to download a copy of the report.