Sustainable Excellence

Yarra Valley Water Business Breakfast

September 2010

Direct property Scott Horsnell, Sustainability Manager, Property

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Source: Colonial First State Global Asset ManagementData as at 30 April 2010

Our ownership structure

Colonial First State Global Asset ManagementFUM A$146.2 billion

Retail Banking Services

CommInsure

Institutional Banking and

Markets

Wealth Management

International Financial Services

Colonial First State

Business and Private Banking

Colonial First State Global Asset Management

FUM A$102.1 billion

First State InvestmentsFUM A$44.1 billion

Commonwealth Bank of AustraliaMarket cap. A$90.6 billion

Operates as:

Australia Ex- Australia

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Global operations and investment experience

Total global investment staff 230* (1,281 total, including 641 asset management staff within CFSGAM Property)* Preliminary numbersSource: Colonial First State Global Asset Management

Funds under management shown as source of funds

As at 30 April 2010 A$ billion

Total funds under management 146.2

Australian Equities 23.2

Global Emerging Markets 36.7

Global Resources 4.4

Global Equities 2.6

Property Securities 4.2

Listed Infrastructure Securities 0.4

Total equities 71.5

Fixed Interest and Credit 24.9

Short Term Investments 31.2

Total debt 56.1

Listed and Direct Property 16.3

Infrastructure 2.2

Total alternatives 18.5

Other 0.1

Total other 0.1

USA

Investment staff 2* (2 total)

Australia/NZ

FUM A$ 102.1 billionInvestment staff 159* (985 total)

FUM A$ 25.7 billionInvestment staff 49* (181 total)

UK/Europe

Asia

FUM A$ 18.4 billionInvestment staff 20* (113 total)

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Shopping Centres

Manage a portfolio of over 33 shopping centres across Australia

4,000 tenants

250 million visitors per annum

Premium centres include Chadstone, VIC Chatswood Chase, NSW Queens Plaza, QLD Emporium, VIC

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Agenda

Leadership

Innovation

Retrofit

Discovery

Franchising

Collaboration

Inspiration

Influence

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Leading

Source: Colonial First State Global Asset ManagementChadstone Shopping Centre, Chadstone, VIC

1st project to achieve five star Green Star (design pilot)¹

1st project to achieve five star Green Star rating (design)²

Incorporating initiatives such as;350kL tank connected to 12,000m2 of catchmentRainwater used for irrigation and toilet flushingFire service test water recycling 80,000LAir cooled cooling plantHigh efficiency fittings and fixtures, completed with leak detection

¹Green Building Council of Australia’s Green Star Retail Centre pilot V1²Green Building Council of Australia’s Green Star Retail Centre V1

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Leading

Source: Colonial First State Global Asset ManagementGrand Plaza Shopping Centre, Browns Plains, QLD

1st shopping centre in the country to achieve a NABERS Energy and Water rating

The centre achieved 3 star ratings for Energy and Water

Water-efficiency features include air-conditioning condensate water harvesting and tanks to harvest water for reuse in amenities, sub-metering for high consumption areas and base building water meter monitoring equipment.

Assisting to strategically target future operational efficiency improvements

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Innovating

In July of 2008 the Centre modified the condensate drainage from 8 of the 14 Air Handling Units to allow for the capture and redirection of the air-conditioning condensate into the centres existing rainwater storage tanks

The harvested water within these tanks is then utilized for the flushing of the centres toilets and cooling towers

875 KL per annum the equivalent of 6481 Bathtubs full of water

The quantity of condensate captured was enough to flush a single toilet 218 000 times over the course of the year

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Retrofitting

Storm water is collected from over 1000m² of roof

Water is stored in 4 x 23,000L holding tanks

Captured water goes through a 5 stage filtration system

Treated water is pumped into Centre mains and used in

the centre's amenities (toilets and hand basins)

This project has saved over 102,345L of mains water

Source: Colonial First State Global Asset ManagementCastle Plaza Shopping Centre, Edwardstown, SA

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Retrofitting

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Discovering

A natural water supply was discovered under the basement car park

Supply was estimated at approximately 50,000 litres per day

Water treated and utilised as make-up for Cooling Towers

Mains consumption has reduced from 33.5Kl/day to 24.5kL

Source: Colonial First State Global Asset ManagementQueens Plaza, Brisbane, QLD

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Discovering

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Franchising

Wok stoves are notoriously high users of water up to 5,500 litres per day. Up to 92% of this water is wasted.

Wok Spout rollout;All wok equipped tenants in CFSGAM retail portfolio199 wok spouts installed nationally$60,000 to implementEstimated water savings of 108ML per annum or 43 Olympic sized swimming pools!Estimated $ savings of $99,962 per annum

Source: Colonial First State Global Asset ManagementForest Hill Chase Shopping Centre, Forest Hill, VIC

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Franchising

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Collaborating

Waterless wok pilot at Corio in August 2010

Joint initiative between Tenant, Retailer and Centre Management

Installation cost of $4,000

The expectation was an 80-90% drop in consumption

…the figures thus far show a 97% drop in consumption,

from just over 5,300 litres per day to 193 litres per day

This equates to a reduction from 57L/meal to 2L/meal…staggering!

Source: Colonial First State Global Asset ManagementCorio Shopping Centre, Corio, VIC

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Collaborating

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Inspiring

Bayside Shopping Centre engaged community, local council and retailers for

the H²0 for Haiti Campaign

LifeStraw® is a portable water purifier that requires no electrical power or spare parts and can be carried around for easy access to safe and clean water

Filters up to 700 litres of water, enough clean water to keep a child alive for one year

To date over 570 LifeStraw’s have been sent to HaitiSource: Colonial First State Global Asset Management

Bayside Shopping Centre, Frankston, VIC

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Inspiring

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Influencing

Development of a CFSGAM Sustainability Manual

Incorporation of minimum ESD requirements into Tenant Design Guidelines

Incorporation of minimum ESD requirements into Development Design Guidelines

Incorporation of Sustainability into standard reporting formats

Development of supply chain and procurement policies

Source: Colonial First State Global Asset ManagementChatswood Chase Shopping Centre, Chatswood, NSW

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Influencing

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Wrap-up

Sustainability is the change-management catalyst

Ownership , accountability and responsibility

Measurement and reporting critical

Collaboration – learn together

Creates value

Business Opportunity

Source: Colonial First State Global Asset ManagementMyer Centre Brisbane, Brisbane, QLD

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Disclaimer

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Colonial First State Global Asset Management is the consolidated asset management division of the Commonwealth Bank of Australia ABN 48 123 123 124.

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