We’re thrilled to announced Local’s global certification as a B Corp. We’re joining an international movement of more than 7,000 purpose-led certified B Corps around the world with over 560+ of them based in Australia and Aotearoa New Zealand.
The prestigious recognition is only granted to companies that meet rigorous standards of social and environmental performance, transparency, and accountability. Local is proud to be one of only seven Australian property companies to achieve B Corp certification.
Local’s B Corp Certification reflects our strong commitment to social and environmental responsibility. As part of our ambitious Environmental, Social, and Governance (ESG) goals, we are determined to strengthen communities by constructing high-quality, sustainably designed apartments with a focus on using homes as a power for good. Our commitment extends to dedicating a minimum of 10% of all projects to impact housing, where we will work directly with registered housing providers to supply homes for three key groups:
Local’s B Corp Certification also highlights our commitment to sustainability, with every site selection, building and landscape design taking climate considerations into account.
Our aim is for each of our buildings to achieve a sustainability rating system of 5-star Green Star, 4.5 star NABERS and 7.5-star NatHERS (the Nationwide House Energy Rating Scheme) which greatly reduces each apartment’s carbon footprint and significantly enhances livability and well-being for residents.
Local’s commitment to ESG also extends to business operations with the company achieving Net Zero in operations with a goal to reduce embodied carbon by 40% by 2030. We have also recently been certified as a Great Place to Work for the second consecutive year in just two years in operation.
Head of Corporate and ESG of Local, Clare Tayt, said Local’s dedication to strengthening communities and making a lasting positive impact was a key driver behind their pursuit of B Corp Certification.
Local excelled in the B Impact Assessment, scoring 96.2 out of 200, well above the 80-point minimum required to achieve B Corp status.
With a vision of having at least 5,000 sustainably designed apartments either built or in progress across Australia by 2026, we are making significant strides toward our goal. We currently have nearly 900 apartments under construction in Melbourne as part of our commitment to providing high-quality, sustainable housing solutions.