Accountability & collaboration
Our goal | Drive accountability and performance along our value chain
What does it mean?
We will be principled in our approach to urban development, and ensure our partners share our values.
Accountability means creating a system with a level playing field in which decisions are made for the betterment and benefit of all stakeholders. Performance means seeking ever greater improvements in efficiency and outcomes.
Our value chain refers to all organisations UrbanGrowth NSW has dealings with in its operations. By championing better ways to approach business, we seek to lead the industry in trust, transparency, governance and efficiency of outcomes.
Why is it important?
Our commitment to business ethics ensures we follow a code of conduct and prevent corruption and fraud.
Our commitment to performance ensures we seek the best possible returns on public assets.
Sustainable Development Goals
In order to meaningfully contribute to any of the Sustainable Development Goals, we must have strong governance and accountability. This means that we as UrbanGrowth NSW, and our development partners and stakeholders, must commit to delivering sustainable urban environments – and we also ask our supply chain to get on board too.
In order to realise our own Strategy targets, it will require commitment from all of our stakeholders and beyond. This in turn will support our contribution towards the Sustainable Development Goals.
New urban Agenda
The Habitat III New urban Agenda has shared vision for cities and human settlements globally. That includes nations such as Australia, and those less fortunate. By embedding this shared vision for cities in the way we approach urban renewal, we can support the outcomes sought by the New Urban Agenda.
As with the Sustainable Development Goals, it will take commitment from UrbanGrowth NSW, our development partners, stakeholders and broader supply chains to achieve great outcomes.
Accountability and collaboration priorities have been based on research and international benchmarking, and developed in collaboration with key stakeholders.
- Adopt an independent sustainability benchmarking or reporting framework such as the Global Real Estate Sustainability Benchmarking to independently verify our sustainability performance
- Continue to report our sustainability performance in line with Global Reporting Initiative Guidelines, and transparently report our financial position annually
- Encourage our industry partners to support initiatives that reduce instances of social issues impacting the development and construction industry (i.e. suicide)
- Renew our Sustainable Supply Chain and Procurement policies, with a focus on opportunities to improve high-risk areas to the industry such as Human Rights (i.e. Supply Chain School)
- Refine our approach to business ethics, including supplier economic distribution and transparency, code of conduct, anti-corruption and fraud.