Tower 1, International Towers Sydney at Lendlease's Barangaroo South development achieved 6 star Green Star certification during the reporting period, and a significant number of NABERS Energy and Water ratings were undertaken across the retail and office portfolios.
Green Star Performance which considers the sustainability operation of buildings were improved for the APPF Commercial Fund (portfolio average of 3 Star) whilst APPF Retail's Green Star Performance remained stable.
NABERS and Green Star certifications are undertaken annually.
Lendlease's focus on Green Mark in Singapore continued with Parkway Parade, 313@Somerset and JEM maintaining its Platinum certification. Setia City Mall in Malaysia maintained its Gold Green Mark certification.
In addition to the local rating schemes noted above, it is important to note that Lendlease's internally managed property funds participate in the Global Real Estate Sustainability Benchmark (GRESB) survey on an annual basis. In 2016, Lendlease's property funds achieved several GRESB global and regional leadership positions including Global developer assessment first (LLITST) and second (LLOITST) place developer assessment, Asia retail first (ARIF2) and second place (ARIF1), Australia retail first (LLSRF) and second (APPF Retail), Australia industrial first (APPF Industrial).