Direction
Detail Continued
Contents
- Sustainability Aspirations
- Business Unit Sustainability Plans
- Sustainability Executives
- Sustainability Policy Framework
- Lend Lease House View (Environment)
- United Nations Principles for Responsible Investment
Sustainability Aspirations
While we recognise that there is no one definition of sustainability applied to or across industries, we
have worked to build a common understanding among our stakeholders of what sustainability means at Lend Lease.
Broadly, we believe sustainability encompasses how we conduct our business, now and in the future,
through the pursuit of workplace safety, a commitment to corporate social responsibility, environmentally
sustainable solutions and employee diversity, development and opportunity.
The Global Sustainability Group has defined sustainability at Lend Lease through the development of a range of Sustainability Aspirations, which provide the objectives and targets for all Lend Lease Business Units, as well as a framework that enables those Aspirations to be achieved.
Twenty-one short-term Aspirations and 23 long-term Aspirations were approved by the Board in September 2007.
The Aspirations are actioned through Business Unit Sustainability Plans.
Business Unit Sustainability Plans
Each business in the Lend Lease group works to identify and understand its social and environmental impacts and to
respond to them through the development and implementation of business planning frameworks.
All Business Unit Sustainability Plans are approved by the Global Head of Sustainability.
View the Best Practice Sustainability Plan by clicking here: Best Practice Sustainability Plan.
Sustainability Executives
As a global company, the key challenge for us is to ensure a consistent approach to sustainability across all Business Units in all regions in which we operate.
To enable this, we have built a network of Sustainability Executives who are charged with the responsibility of developing, reporting and maintaining sustainability initiatives.
With a Sustainability Executive in each Business Unit, this network provides a strategic framework for cross-regional knowledge sharing and for leveraging advocacy opportunities with key stakeholders, as well as for regular communication with the Global Sustainability Group regarding corporate imperatives and requirements.
The role of Sustainability Executives is to:
- Align with corporate sustainability vision, policies and objectives in the development and implementation of business-level Sustainability Business Plans and reporting
- Establish, maintain and facilitate implementation of Sustainability Business Plans and business-level sustainability measurement and reporting
- Periodically report progress of Sustainability Business Plans
- Report sustainability metrics on a quarterly basis
- Work with Business Unit Senior Managers and support the Business Unit leadership with knowledge and networks
- Report to the Global Sustainability Group on matters relating to current and future activities arising from Sustainability Business Plan implementation
- Collaborate with each other to share knowledge, materials and resources that will directly support the mainstreaming of sustainability and green building knowledge and practice across the regions
- Collaborate with other functions to embed and promote sustainability excellence, including implementing and reporting indicators of sustainability
- Forge partnerships with industry and professional peak bodies, public and private education and research providers and other organisations leading change relevant to sustainability
- Facilitate effective coordination networks with other business-level sustainability advocates
- Ensure business-level local advocacy activities are aligned with corporate sustainability advocacy and activity platforms
- Advocate to government, non-government and industry to ensure the removal of barriers to sustainable development and to create incentives to change industry practices
- Develop and maintain working dialogues with relevant intergovernmental and non-government organisations, key industry and professional associations and institutes
- Contribute to and/or respond to key government and industry reports and inquiries
- Secure Lend Lease representation on key international, regional forums, roundtables, conferences and events
The Global Sustainability Group convenes bimonthly communication forums for Sustainability Executives in all Business Units to:
- Communicate corporate activities and requirements
- Build cross-regional internal relationships
- Share information and networks
- Leverage knowledge sharing to develop new strategic business opportunities
- Increase the visibility and profile of Lend Lease internationally
- Reinforce Lend Lease as trusted and influential stakeholders
- Anticipate opportunities from and minimise exposure to regulatory changes arising from sustainability-related issues
- Develop capability across regions to effectively advocate and influence international stakeholders
Sustainability Policy Framework
To ensure good corporate governance and set clear guidance on the relationship between Corporate Policy, Global Business Policy and Regional Business Unit Guidelines or Statements of Commitment, the Global Sustainability Group has established a Sustainability Policy Framework for the development, review and approval of any new or existing sustainability-related policies within the organisation.
Under the framework, the Global Sustainability Group reviews the development and implementation of sustainability-related policies for all Business Units.
Lend Lease House View (Environment)
Internal advocacy is an important function of the Global Sustainability Group, and in 2008 the Global Sustainability Group developed a document that detailed for employees the Lend Lease View on a number of environmental policy areas, and the background to the development of these positions.
Lend Lease View (Environment) document here.
United Nations Principles for Responsible Investment
The Principles for Responsible Investment are voluntary and aspirational guidelines aimed at helping investors integrate consideration of environmental, social and governance issues into investment decision-making and ownership practices.
Lend Lease's Investment Management business became a signatory to the Principles for Responsible Investment in September 2007—the first global property investment manager to become a signatory. As at May 2009, more than 500 global investment institutions, managing more than USD$18 trillion of assets, had signed up to the six Principles.
Becoming a signatory to the UN Principles of Responsible Investment is in line with our philosophy to create value for all stakeholders by delivering positive economic, environmental and social outcomes. To date we have employed many of the suggested actions across its wholesale product platform globally, in line with a Sustainable Responsible Investment Policy we launched in June 2007.
Rod Leaver, Global CEO of Lend Lease Investment Management, said:
"At Lend Lease we have long been aware of the competitive advantages associated with sustainability and responsible property investing; however, it is also increasingly becoming a key subject of interest to our investors. By becoming signatories, we are better positioned to engage with the investment community on the benefits of responsible property investment via a framework that is globally recognised and endorsed."
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