Mirvac Releases Inaugural Supply Chain Annual Report

Mirvac Group (“Mirvac”) has released its first Supply Chain Annual Report providing a comprehensive overview of what it has achieved within its supply chain since the Group’s launch of its sustainability strategy, This Changes Everything, in 2014.  

This Changes Everything is Mirvac’s commitment to its people, customers and suppliers and it sets out clear sustainability targets and steps to achieve them. One of these 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. 

This inaugural public Report - the first in Australia for a property company - details Mirvac’s approach and performance against its sustainability criteria and also provides an insight into the Group’s suppliers through a number of case studies.

Mirvac’s Group General Manager, Sustainability and HSE, Paul Edwards, said the Report is based on the Group’s key aim to educate, encourage and engage the Group’s suppliers to create a more sustainable and resilient supply chain.

“Within our supply chain there is a huge amount of unlocked potential in existing products and innovation. We know that engaging this pre-existing source will help Mirvac, and our suppliers, achieve a more sustainable future.

“Over the past 12 months, Mirvac has set responsible sourcing requirements in our internal procurement policy, developed a sustainability questionnaire and drafted a Vendor Code of Conduct. We’re also incorporating sustainability requirements into new contracts with suppliers in our ‘subcontract’ category working on Mirvac construction sites,” said Mr Edwards. 

Over the 2015 financial year, Mirvac engaged with 107 suppliers which represented approximately 33 per cent of its financial year 2014 spend in order to understand the level of sustainability within its supply chain. 

“We’re measuring the progress of our commitment by engaging with and learning from our key suppliers. Our approach is a proactive and inclusive one because we want our suppliers to come on this journey with us. We want to see sustainability grow in our supply chain rather than excluding suppliers from the conversation simply because they’re not quite there yet,” Mr Edwards added.

Read the FY15 Supplier Annual Report