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Environment

The Star Entertainment Group is committed to reducing its environmental footprint and contributing to positive environmental outcomes through its operations, supply chain and portfolio in line with our Environmental Policy. We acknowledge our responsibility to environmental protection and management and has commitments in place to improve efficiencies and reduce resource consumption from its operations. 

Our Sustainable Design and Operational Standards demonstrate our focus on building world class integrated resorts by providing suppliers and contractors recommendations by category for the following areas: Water; Energy; Waste; Biodiversity; Interiors; Materials; Best practice & Innovation; and Management of Suppliers.

Targets

Net Zero

Carbon emissions
by 2030*

100%

TAKEAWAY FOOD PACKAGING TO BE COMPOSTABLE**

90%

of our portfolio to attain green ratings

*for wholly owned and operate assets   **currently at 98%

More Information

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Climate Change presents a risk to business, including through disruptions to supply, impacts of extreme weather events, and policy changes. The Star Entertainment Group recognises that its properties are susceptible to future changes in climate and that we have a responsibility to implement mitigation strategies and align our operations accordingly. We are committed to improving the resilience of our business operations, our assets, and the precincts in which our properties are located. 

We recognise the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures and the associated framework. Since the release of the Recommendations in FY2017, we have been working to align our climate change risk assessments and new projects to the four framework areas namely Governance, Strategy, Risk Management and Metrics and Targets.

Physical Climate Risk Assessments

The Star undertakes physical climate change risk assessments to identify, measure and manage potential climate risks to assets. In the 2021 calendar year, we completed a physical climate risk assessment for each of our sites, building on previous assessments conducted in 2017 and 2019.

Climate Risk Management

The Star manages climate-related risks alongside other business risks in accordance with our Risk Management Framework, which supports The Star in identifying and managing climate-related risks and opportunities. Climate-related risks are considered as a component of Environmental and Social Sustainability in the Group Risk suite. The Group acknowledges that climate change, particularly in relation to planning and contingency planning, may create a range of potential impacts. In the areas in which the Group has properties located, there is potential for changes in temperatures and related weather events in future that might impact air conditioning, building, construction and design standards.

To help manage these risks into the future and to design and build with a changing climate in mind, prioritised mitigation and adaptation actions have been developed and are included in the Group’s Sustainable Design and Operational Standards that are required to be applied to all major projects.

To date, we have achieved 50% third party certified environmental ratings across our portfolio.

Key    Comitted    Achieved

Queen’s Wharf Brisbane

6 Star Green Star Communities v1 rating

6 Star Green Star Design & As Built v1.1 rating for non-residential new buildings

Industry Best Practice Design & As Built v1.1 ratings for existing heritage buildings

Green Star Performance ratings for each non-residential building

The Star Gold Coast

Green Star Performance rating

The Dorsett hotel and apartments tower

5 Star Green Star Design v1.1 Review

5 Star Green Star Design & As Built v1.1 rating

The Star Gold Coast – Tower 2

5 Star Green Star Design v1.1 Review

5 Star Green Star Design & As Built v1.1 rating

The Star Sydney

Green Star Performance rating

The Star Entertainment Group
Sydney Corporate Office
60 Union Street, Pyrmont, NSW

5 Star NABERS Tenancy rating

5 Star Green Star Interiors rating

The Star is committed to long term food waste reduction across all of our venues. Food waste including preparation, food loss and plate waste has been considered a material concern from the inception of The Star’s first Sustainability Strategy.  

We’ve the ability to influence and reduce food waste through process improvement, training and management practices and recognise the upstream and downstream environmental, social and economic impacts food waste creates. We also acknowledge that overtime food waste has increased in its importance to our stakeholders, team members and guests and we are committed to working across our venues and across our industry to reduce food waste generation.   

The Star Sydney is working towards diverting 100% of food waste from landfill. 

The Star Sydney first introduced a collection program for food waste in 2013 to ensure that food waste wasn’t landfilled, it was processed through a dedicated food waste plant to create green energy and fertiliser. Since 2013, monthly tonnages have been monitored, measured and reported.  

We continue to explore onsite organics and food waste processing technologies that further minimise environmental impact and work with industry to share learnings.  

The Star has introduced a number of programs and processes across our properties to minimise food waste: 

  • All teams handling food are appropriately trained on inventory management techniques 
  • Practising good stock control through efficient ordering, stock rotation and ensuring stored food is clearly labelled with ‘best before’ or ‘use by’ dates.  
  • Incorporating ingredients across multiple outlets and different dishes to maximise efficiencies  
  • Centralised kitchen operations support in accounting for, measuring and managing food loss and waste 
  • A large portion of our vegetables and protein purchased is preprepared to minimise waste  
  • Food waste from spoilage is closely tracked, reported, and reviewed by kitchens to future minimise operational waste 
  • Our Harvest and Event buffets have significantly reduced the amount of food typically wasted by buffet-style dining through moderating the amount of food displayed at any one time and offering more chef delivered buffet experiences where guests can choose the portion sizes   
  • We work closely with our food rescue partners Oz Harvest, Second Bite and Foodbank to redistribute food over-prescribed from venues or events  
  • Sizing our crockery including plates and bowls appropriate to the food offerings across all team member dining rooms 
  • We continue to educate our team members on healthy eating choices and portion sizes in our team member dining rooms to reduce food plate waste and to support health and wellbeing 
  • We understand our suppliers can reduce food waste significantly and impact the embedded carbon and distance travelled in the produce we buy. We promote innovation in our supply chain and within The Star’s Supplier Code of Conduct expect our suppliers will: 
  • Identify, control, and where possible, minimise adverse environmental impacts arising from its operations, products or services 
  • Prevent pollution, minimise waste and improve resource use efficiency 
  • Proactively and collaboratively work with their suppliers to improve their performance and bring them to work in line with our Code of Conduct 

Managing food waste case study:  

Reusing Waste Oyster Shells to Improve Ecology with Oceanwatch Australia 

 

Sydney Destination Partnership

Since FY2018, The Star Sydney has partnered with the City of Sydney Council and accommodation, entertainment and tourism operators to build Sydney’s reputation on the global stage with the launch of a dedicated Sustainable Destination Partnership program.
The initiative brings together more than 40 local and international organisations including major hotels, museums and city attractions, to improve Sydney’s environmental performance by increasing its use of renewable energy, reducing water consumption and improving waste management and recycling systems. As founding members, The Star is committed to contributing to the Sustainable Sydney 2030-2050 strategy through the SDP.

Green Building Council Australia 

Established in 2002, Green Building Council Australia’s (GBCA) purpose is to lead the sustainable transformation of the built environment within Australia. The GBCA rates the sustainability of buildings, fitouts and communities through Australia’s largest national, voluntary, holistic rating system – Green Star. 

The Star has been a member of GBCA since 2017 and is committed to ensuring its building and projects are environmentally certified by independent third parties. 

Soap Aid

Soap Aid is a not-for-profit organisation recycling and sending critical soap to communities facing major hygiene challenges. The Star has been a member of the organisation since 2016, and through donations across our hotel portfolio to the program, 54,290 bars of soap have been created and distributed to thousands of individuals in need.

CLIMATE CHANGE RISK ASSESSMENT

The Star Entertainment Group recognises that its properties may be susceptible to future changes in climate and that we have a responsibility to reduce resource consumption. Accordingly, we are committed to improving the resilience of our business operations, our assets, and the precincts in which our properties are located.

The Group recognises the recommendations of the Financial Stability Board Task Force on Climate-related Financial Disclosures and the associated framework. Since the release of the Recommendations in FY2017, we have been working to align our climate change risk assessments and new projects to the four framework areas namely Governance, Strategy, Risk Management and Metrics and Targets. In FY2020, we released our first Climate-related Disclosures progress report.

In addition to the climate change assessment work already completed from FY2017 – FY2019, including physical risk assessments and the setting and monitoring of targets, The Star Entertainment Group has committed to a low carbon future by setting a target to achieve net-zero carbon emissions for our wholly owned and operated assets by 2030 as a long term measure.  We remain committed to immediate action through our interim carbon and water targets to achieve a 30% reduction from 2013 – 2023 on an intensity basis to support our pathway to reduce our carbon footprint.

Climate change risk forms part of the company risk register and is managed under the normal risk processes with oversight from the Board. The Group acknowledges that climate change, particularly in relation to planning and contingency planning, may create a range of potential impacts. In the areas in which the Group has properties located, there is potential for changes in temperatures and related weather events in future that might impact air conditioning, building, construction and design standards. To help manage these risks into the future and to design and build with a changing climate in mind, prioritised mitigation and adaptation actions have been developed and are included in the Group’s Sustainable Design and Operational Standards that are required to be applied to all major projects. 

Craig Dumas He/Him

Gaming Operations Manager/ Proud@TheStar Co-Lead
2024 Network Leader of the Year

Tell Us about yourself.

I joined Proud (formerly known as Spectrum) in 2017 and officially assumed the Co-Lead role in November 2021. I have been part of the company for over 21 years, serving in various capacities.

Why did you join Proud@TheStar?

My journey with Spectrum/Proud began during the marriage plebiscite, a time that placed the LGBTQI+ communities under intense scrutiny. The narrative was often harmful and derogatory, particularly from certain media and public spheres.

My involvement was driven by a deep-seated commitment to be a beacon of support and positivity for those in need. The power of visibility is profound, especially for individuals from diverse backgrounds. Witnessing allies and LGBTQI+ members who embraced their identity with openness and pride inspired me to be true to myself. In turn, I aspired to be that source of encouragement and affirmation for others, fostering an environment where authenticity is celebrated and safeguarded. 

In your opinion, what was your most significant achievement as Co-Lead of Proud@TheStar?

There are so many to list, but I have three achievements that stand out.

The first was being involved with our first-ever successful AWEI Gold Employer status. It was such a fantastic recognition of what Proud and The Star have achieved (and we smashed the previous year’s score, which made it even better).

Secondly, I was invited to help reintroduce a team member who was affirming their gender to their department. It was an absolute joy to see the collaboration from all the stakeholders and how their team welcomed them with open arms. Seeing a person’s growth and change since they affirmed has been remarkable and is the perfect story of how allowing people to be their authentic selves really does create a positive impact.

And lastly, of course, winning Network Leader of the Year and Employer of the Year at the 2024 Australian LGBTQ+ Inclusion Awards.

What does winning Network Lead of the Year mean to you?

I cried. That’s the Piscean in me. In all seriousness, though, I was really honoured to be nominated and a finalist. So, when my name was announced, I was utterly shocked! Without the dedication of the Proud team, we would never have been able to achieve what we had. Being able to co-lead a group of passionate and driven people is an absolute pleasure, and they are what fuelled me to keep going, even when it did get a little tough.

What do we do best here at the Star in terms of D&I?

We involve everybody and create a safe and inclusive work culture. Our PVP shows that we are serious about embedding D&I into our business.

What advice can you give as an outgoing Co-Lead?

Allyship is a crucial part of transforming conversations. Even for those who identify as LGBTQI+, we can still be allies for others within the community. Alarming laws and legislation have been passed in other countries that can significantly impact people’s lives. As a business, The Star is ahead of many in our industry in terms of diversity and inclusion, but there’s still a lot to do. The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members.

Craig Dumas He/Him

Gaming Operations Manager/ Proud@TheStar Co-Lead
2024 Network Leader of the Year

Tell Us about yourself.

I joined Proud (formerly known as Spectrum) in 2017 and officially assumed the Co-Lead role in November 2021. I have been part of the company for over 21 years, serving in various capacities.

Why did you join Proud@TheStar?

My journey with Spectrum/Proud began during the marriage plebiscite, a time that placed the LGBTQI+ communities under intense scrutiny. The narrative was often harmful and derogatory, particularly from certain media and public spheres.

My involvement was driven by a deep-seated commitment to be a beacon of support and positivity for those in need. The power of visibility is profound, especially for individuals from diverse backgrounds. Witnessing allies and LGBTQI+ members who embraced their identity with openness and pride inspired me to be true to myself. In turn, I aspired to be that source of encouragement and affirmation for others, fostering an environment where authenticity is celebrated and safeguarded. 

In your opinion, what was your most significant achievement as Co-Lead of Proud@TheStar?

There are so many to list, but I have three achievements that stand out.

The first was being involved with our first-ever successful AWEI Gold Employer status. It was such a fantastic recognition of what Proud and The Star have achieved (and we smashed the previous year’s score, which made it even better).

Secondly, I was invited to help reintroduce a team member who was affirming their gender to their department. It was an absolute joy to see the collaboration from all the stakeholders and how their team welcomed them with open arms. Seeing a person’s growth and change since they affirmed has been remarkable and is the perfect story of how allowing people to be their authentic selves really does create a positive impact.

And lastly, of course, winning Network Leader of the Year and Employer of the Year at the 2024 Australian LGBTQ+ Inclusion Awards.

What does winning Network Lead of the Year mean to you?

I cried. That’s the Piscean in me. In all seriousness, though, I was really honoured to be nominated and a finalist. So, when my name was announced, I was utterly shocked! Without the dedication of the Proud team, we would never have been able to achieve what we had. Being able to co-lead a group of passionate and driven people is an absolute pleasure, and they are what fuelled me to keep going, even when it did get a little tough.

What do we do best here at the Star in terms of D&I?

We involve everybody and create a safe and inclusive work culture. Our PVP shows that we are serious about embedding D&I into our business.

What advice can you give as an outgoing Co-Lead?

Allyship is a crucial part of transforming conversations. Even for those who identify as LGBTQI+, we can still be allies for others within the community. Alarming laws and legislation have been passed in other countries that can significantly impact people’s lives. As a business, The Star is ahead of many in our industry in terms of diversity and inclusion, but there’s still a lot to do. The Trans and gender-diverse communities are starting to feel vulnerable, so let’s continue to work on making The Star a safe and inclusive place for everyone, esp., for trans and gender-diverse team members.

2016 SHARE SALE FACILITIES

The Star Entertainment Group announced on 5 April 2016 share sale facilities that provided eligible small shareholders the opportunity to sell their shares without incurring any brokerage or handling costs.

Participation in the separate share sale facilities were open to eligible shareholders whose registered address was in Australia or New Zealand as at 7.00pm (Sydney time) on 29 March 2016 (Record Date) and who were:

  1. registered holders of less than a marketable parcel of shares (i.e. less than $500 worth of shares on the Record Date) (Small Holding Sale Facility); or
  2. registered holders of 5,000 or less shares (but held at least $500 worth of shares) on the Record Date (Voluntary Share Sale Facility).

On 5 April 2016, eligible shareholders were sent a letter together with a Share Retention Form (for the Small Holding Sale Facility) or a Sale Instruction Form (for the Voluntary Share Sale Facility), and Terms and Conditions for the relevant share sale facility.

Both share sale facilities closed at 5:00pm (Sydney time) on 17 May 2016 (Closing Date).

All participants who had their SGR shares sold under either the Small Holding Sale Facility or the Voluntary Share Sale Facility received the same average price of $5.51 per share, which was calculated by dividing the total proceeds from the sale of all SGR shares sold under the facilities by the total number of SGR shares sold under the facilities.

Payment of the sale proceeds were made to participating shareholders on 27 May 2016 in accordance with their payment instructions as recorded on the share register.

Small Holding Sale Facility

The Small Holding Sale Facility was conducted in accordance with The Star Entertainment Group’s Constitution and the Australian Securities Exchange Listing Rules that enables all listed companies to sell shareholdings valued at less than $500 (Unmarketable Parcel).

Based on a share price of $5.68, being the closing price of The Star Entertainment Group (SGR) shares on the Australian Securities Exchange on the Record Date, an Unmarketable Parcel was any holding of 88 shares or less.

Eligible shareholders who wished to retain their Unmarketable Parcel were required to return a Share Retention Form to the share registry by the Closing Date.

Small Holding Facility Key Dates:

  • 29 March 2016 (7pm) – Record Date
  • 5 April 2016 – Facility Opened
  • 17 May 2016 (5pm) – Facility Closed
  • 27 May 2016 – Payment of sale proceeds and mailing of payment advices

Voluntary Share Sale Facility

The Voluntary Share Sale Facility was conducted in accordance with Class Order CO 08/10 issued by the Australian Securities and Investment Commission.

Eligible shareholders who wished to sell their shares under the Voluntary Share Sale Facility were required to return a Sale Instruction Form by the Closing Date.

Voluntary Holding Facility Key Dates:

  • 29 March 2016 (7pm) – Record Date
  • 5 April 2016 – Facility Opened
  • 17 May 2016 (5pm) – Facility Closed
  • 27 May 2016 – Payment of sale proceeds and mailing of payment advices

For full details of the Small Holding Sale Facility and the Voluntary Share Sale Facility, please see the ASX Announcement dated 5 April 2016 in the News section of our website.

POST DEMERGER TAX INFORMATION

The demerger of The Star Entertainment Group (formerly known as Echo Entertainment Group Limited) from Tabcorp Holdings Limited (Tabcorp) was implemented on 15 June 2011 by way of Scheme of Arrangement pursuant to the Tabcorp Scheme Booklet dated 15 April 2011 (Demerger).

As part of the Demerger, Tabcorp sought a ruling from the Australian Taxation Office on the taxation implications for shareholders. On 29 June 2011, the Australian Taxation Office issued Class Ruling CR 2011/66, in accordance with the application made by Tabcorp. A copy of the Class Ruling CR 2011/66 can be viewed here.

A Tax Calculator is provided below to assist shareholders in calculating the Australian capital gains tax cost base allocation for Tabcorp shares and The Star Entertainment Group shares. The Tax Calculator is a general guide only and does not constitute tax advice. Shareholders should seek advice from an appropriate professional adviser on the tax implications of the Demerger based on their own individual circumstances.

Click here to download the Tax Calculator
Click here to access information on the Australian Taxation Office website