Through thoughtful design we aim to combine natural light, practicality, and physical comfort to create homes that enhance occupants’ physical and mental wellbeing and benefit the wider local community through our procurement policies and supply chain partnerships. For example, working with furniture partners offering ranges with a high level of recyclability, and fit-out contractors who provide work placements to young people from diverse backgrounds who may not otherwise have access to such opportunities.
These principles continue through to the fitout of our developments. Earlier this year, we developed ESG Principles for furniture selection and require our suppliers to adopt a responsible, holistic view of furniture procurement, through balancing cost, quality, and functionality with environmental impact. We expect our spaces to include furniture that promotes: • Reduction in maintenance and replacement intervals by adopting a whole lifecycle approach to costing. • Improved occupant health and wellbeing by selecting ergonomic furniture that promotes increased mobility and specifying low/no VOC content to enhance air quality. • Reduction in negative and environmental impacts by selecting furniture with high environmental credentials, responsibly sourced materials and designed for disassembly and maximised recyclability. • Supporting the local economy by using locally produced furniture and suppliers.
SUPPLIER RELATIONS In an effort to main strong and positive supplier relations, we have an operational objective to get our debt beyond payment term (DBT) days to zero, compared to the industry average of 53 days. Our current performance average is 7 DBT days, and our Commercial, Procurement and Finance teams are working hard to reduce this further. This enables us to work with local small and medium enterprises, maintain healthier financial stability and maintain strong relationships with suppliers.
DANDARA LIVING ESG REPORT 2023 - 2024 |
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