What is an EnviroDevelopment?
EnviroDevelopment is a scientifically-based assessment scheme that independently reviews development projects and awards certification to those that achieve outstanding performance across four or more of certain elements – Ecosystems, Waste, Energy, Materials, Water and Community.
Categories of EnviroDevelopment
Developers must achieve the targets of 4 or more of the below categories in order to be eligible for certification. Read more about the categories here.
Water
Considers use of water efficiency mechanisms, education initiatives & source substitution.
Materials
Considers use of recycled, reused, renewable, locally sourced, non-toxic materials.
Ecosystems
Includes consideration of landform, flora, fauna and aquatic ecosystems.
Waste
Considers demolition or land clearing phases, and construction and post construction phases.
Energy
Considers a reduction of greenhouse gases through energy efficiency, passive design features and behavior change.
Community
Considers ongoing community governance, engagement, community consultations, transport solutions, local facilities, safety and accessibility.
EnviroDevelopment Certification Process
Expression of Interest
Developers submit their EOI to the EnviroDevelopment.
EnviroDevelopment then determines whether the project is eligible for certification, and in what elements (Ecosystems, Waste, Energy, Materials, Water and/or Community)
EnviroDevelopment then determines whether the project is eligible for certification, and in what elements (Ecosystems, Waste, Energy, Materials, Water and/or Community)
1
Project Registration
If eligible for certification, Developers then pay a registration fee.
Workshops are scheduled to determine the application of EnviroDevelopment to the project, The application for certification is then prepared.
2
Application Submission
Once the application is submitted, Developers may receive requests for further information.
At this stage, Developers pay a certification fee.
3
Board Review
The EnviroDevelopment Board reviews the application, and a site visit is arranged.
4
Certification Decision
If certified, the Developer will receive their EnviroDevelopment Certificate, and is supplied with EnviroDevelopment Marketing Material.
At this stage, Developers pay a certification fee.
5
Ongoing Annual Certification
An annual recertification process can be undertaken to maintain EnviroDevelopment status. Developers must pay a recertification fee.
6
What does an EnviroDevelopment Certification mean to Clarence Property?
Developers who participate in EnviroDevelopment certifications receive a range of benefits, such as:
- Potential eligibility for incentives and rebates throughout the development process.
- Industry recognition for our commitment to sustainable developments.
- The ability to achieve sustainable development outcomes without substantial financial disadvantage.
Still want to know more?
To read more about EnviroDevelopment, click here – EnviroDevelopment Explained – EnviroDevelopment
To read more about the EnviroDevelopment Certification Process click here – Certify your project – EnviroDevelopment
To read more about the EnviroDevelopment elements (or categories), click here – EnviroDevelopment Elements – EnviroDevelopment
News and Investor Updates
Clarence Property Corporation Limited ACN 094 710 942, AFSL 230212, is the issuer of the PDS for Clarence Property Diversified Fund ARSN 095 611 804 and Epiq Lennox Property Trust ARSN 626 201 974. Please read the PDS and TMD at clarenceproperty.com.au before deciding whether to invest.
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