One of South Bank Corporation's core values is to continue to be ecologically and financially sustainable. The precinct is a leader in sustainable development, which is managed on a financially sustainable basis to allow the Corporation to deliver community benefits over the long-term.
The Corporation's most exciting water achievement to date has been the installation of Rain Bank, our innovative stormwater harvesting and reuse centre. Rain Bank was built in 2011 and can recycle up to 77 megalitres of stormwater each year — that's enough to provide 85 per cent of the Parkland's irrigation and non-potable water requirements. Rain Bank has been an exemplar project in the water industry and has received a range of prestigious awards including the Premier's Sustainability Award in 2012 and the Healthy Waterways Awards Water Sensitive Urban Design Award in 2011.
The Corporation is constantly working to reduce the amount of waste produced and its impact on the environment. Some of the measures in place to manage waste sustainably include: recycling programs for our most commonly produced waste like fluorescent lighting; batteries; paper products, green waste, oil, glass and aluminium products; sending all non-recyclable items to Ti Tree Bioenergy for disposal in an environmentally friendly manner; using bio-friendly products for cleaning, landscaping and general maintenance; and installing recycling bins around the precinct for the general public to use.
South Bank's sustainable energy management initiatives include using air-conditioning timers in our offices to reduce energy use, installing energy-saving lighting throughout the precinct and using a heat exchange system at Rain Bank to cool the treatment plant without electricity.
The Corporation uses the Green Star system to guide sustainable development in the precinct — developments such as the ABC building and the Brisbane Convention & Exhibition Centre Expansion have both received a 5 Star rating. Most recently, the first stage of the $600M Southpoint development comprising the Flight Centre tower received a 5 Star Green Star rating for Office Design from the green Building Council. Some of our other developments were not eligible to be rated under the Green Star system, but they also feature state-of-the-art, environmentally friendly designs. Rain Bank was built with mostly recycled materials, and River Quay's fit-out included recycled building materials, glazing selection to minimise heat loads, water efficient fittings such as a rain tank and bi-fold doors to maximise natural ventilation and minimise use of air-conditioning.
The Corporation manages over 70 retail and hospitality tenants at South Bank. As part of our commitment to sustainability, we actively educate tenants about sustainable practices and how their businesses can be more efficient. For example, all new leases issued by the Corporation have substantial green obligations including strict requirements for energy, water and waste use at South Bank, and we also issue all tenants with a Sustainable Tenancy Guide, a specially designed document that outlines case studies and ways for them to be more sustainable.
South Bank's lush, green landscape has been cleverly designed with sustainability in mind. For example, the gardens at River Quay were made using locally sourced stones and recycled timbers, and most plants in the precinct are native to Queensland, which means that they thrive in the local climate and are drought resistant, requiring minimal watering to maintain.
With around 14 million visitors coming to the precinct each year, South Bank is truly one of the world's great community spaces. South Bank has several community-focused sustainability initiatives in place such as CityCycle stations; bike racks and walking and cycling tracks in the Parklands to encourage active transport; a viewing deck and educational animations at Rain Bank to educate the community about water recycling; and Regional Flavours, an annual, free community event that educates visitors about regional produce and sustainable living — an event started by the Corporation.