When Susan Lloyd-Hurwitz was parachuted in to lead the company, some thought she would not last. She leaves next month after a decade of transformation and with the builder thriving.
Susan Lloyd-Hurwitz’s first results presentation as Mirvac chief executive, in early 2013, was peppered with hostile questions, resolutely batted away, after she had been controversially parachuted into the leadership.Mirvac chief executive Susan Lloyd-Hurwitz steps down on March 1.Last she did.
“It does not happen overnight … The thing that really started the transformation was when we found our purpose, when we found the point of being on this planet as an organisation was to reimagine how people lived their urban lives ... and to leave the world a better place than we found it.“It galvanised people around a purpose … People do not come to work to generate earnings per share.
Mirvac also has the numbers on sustainability, achieving net positive scope 1 and 2 carbon emissions nine years ahead of a 2030 target and moving promptly to address the “fiendishly difficult” scope 3 emissions as well as aiming, by 2030, to be net positive in water use and send no waste to land fill.
“When you have the data [on pay gaps, promotions and bonuses], you can see the problem,” Lloyd-Hurwitz says. “So we took very concrete steps to change that, and the result is a zero like-for-like pay gap for seven years in a row, and it takes constant effort and vigilance to keep it that way.” “It will lead to the obsolescence in our cities of buildings that are not fit for purpose. Look at London – the legislation that has been brought in there [is] if your building is less than a certain energy rating by 2030, you will not be allowed to lease it.”
She is also the new head of the Albanese government’s interim National Housing Supply and Affordability Council, where she will be “a small part of that big challenge”.
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