Why it’s so important
For 17 years, the Edelman Trust Barometer has measured the trust people hold for institutions such as companies, governments, not-for-profits, and media. In 2018, this figure was at a five-year low, the sharpest dip since the barometer’s inception. Given the questionable actions of some major institutions, these perceptions are understandable. For organisations like ours, it’s more important than ever to continue demonstrating integrity in all that we do.
How we’re positioned to drive change
At Mirvac, we believe in the quality of our products and services, and in our ability to form good partnerships. We believe in being open, honest and fair, and acting with integrity and respect. We promote this within our own workforce, and we value it in the people we work alongside, including our supply chain.
Our progress to date
Mirvac is known for transparent and responsible reporting. We have a AAA rating with MSCI and were ranked number one in real estate by the Dow Jones Sustainability Index in 2017. We provide clear earnings visibility and full disclosure to our securityholders so that they can make informed choices. In recent years, we have made it clear that we take responsibility for the businesses we work with, and that we expect our supply chain to meet the same standards we’ve set for ourselves. Nothing reflects this commitment more than our position as a founding member of the Supply Chain Sustainability School: an industry-wide initiative that we’ve championed from day one. We have also embedded sustainability criteria into our tendering process, ensuring that our partner businesses understand and support our objectives.
We’re proud to be a transparent and trustworthy company, and we’ll continue to provide good visibility of our business, to work collaboratively on shared goals with our partners, and to deliver on our promises. To make sure we’re not missing a thing, we’ll also survey our most influential stakeholders about how they see us as a partner (and the extent to which they trust us), and we’ll share these findings with you. Emerging issues will also receive the attention they deserve. We’re conscious of our legal and moral requirement to do everything we can to identify and eradicate modern slavery, and we have now outlined the approach we'll take to identify the parts of our supply chain that are most at risk. As technology evolves to give customers a more personalised experience, we’re also aware of the need to keep data private and secure. On this count, we’ll be developing and sharing a data integrity charter, so we can be held to accountable on the promises we’ve made.
Understand and share stakeholder trust feedback stage: DELIVERY
Consistently clear earnings visibility and meeting financial promises stage: DELIVERY
Transparent reporting on inclusive growth (value returned to our communities, our planet, and our securityholders) stage: DELIVERY
Modern slavery risk heat map released by 2019 stage: COMPLETED
Ethical principles guide released stage: COMPLETED
Maintain Board diversity stage: DELIVERY