Lend Lease | Every Action Adds Up
Environment
Detail
Contents
- Lend Lease Group Environment Function
- Environment Policy
- Our Environmental Management System
- Environmental Management in our Investments and Bids
- Environmental Management in our Operations
- Our Environmental Performance Indicators
- Monitoring and Reporting
- Innovation & Environmental Excellence
Lend Lease Group Environment Function
The Lend Lease Group Environment Function provides oversight and governance of environmental risk management at a Corporate or Group level across all our businesses and the activities that we undertake globally.
The Environment Function operates with other core business functions such as Risk, Health & Safety, Finance, Human Resources, Corporate Affairs and Legal in accordance with Lend Lease Group policies, procedures and House View.
Environment Policy
Lend Lease aspires to be a sustainable leader that goes beyond sustaining the natural environment on which we depend for our commercial activity, to a long-term goal of restoring the environment in which our projects and operations are placed.
To achieve this aspiration, we will prevent pollution and explore every opportunity to demonstrate a positive impact on the environment in all our activities and developments, as well as those of our supply chain.
We will exhibit leadership through the continual improvement of our environmental performance.
We will comply with environmental legislation, regulation and other requirements as a minimum, but leadership is beyond compliance.
We will measure and report our performance against internationally recognised Environmental Management System and standards.
Please click here to access the Lend Lease Environment Policy Statement
Our Environmental Management System
In accordance with our Environment Policy Statement, all Lend Lease businesses operate an integrated Environment, Health and Safety Management System that ensures audits,
inspections and management reviews are routinely completed to ensure environmental, health and safety performance.
Within this system, our Environmental Management System—which meets the requirements of the International Standards Organisation (ISO) 14001—provides a framework for
businesses to comply with global regulatory and compliance requirements through routine environmental risk analysis. The Environmental Management System also allows
our businesses to monitor and report their environmental performance against targets and objectives, including those set by our Sustainability Aspirations.
Our Environmental Management System operates at all levels of management and across Lend Lease operations globally, from environmental considerations in investment and
tender decision-making to environmental performance of our projects, offices and assets.
We currently measure the following Environmental Management System related metrics:
- Environmental Management System operated in accordance with ISO14001
- Environmental Management System certified in accordance with ISO14001
- External Auditing for ISO 14001 purposes
A summary of Lend Lease Groups Environmental Management Systems and certification is presented below:
| Lend Lease Australia | Lend Lease Investment Management* Bovis Lend Lease** Lend Lease Retail & Communities* |
| Lend Lease Asia | Lend Lease Investment Management* Bovis Lend Lease (Singapore)** Bovis Lend Lease (Malaysia, China)* Lend Lease Retail* |
| Lend Lease Europe | Lend Lease Investment Management* Bovis Lend Lease (UK, Poland, Russia, Czech Republic, Spain)** Bovis Lend Lease (Italy, UAE, Oman, Bahrain)* Lend Lease Retail & Communities* UK PPP (Vita Lend Lease)** UK PPP (Catalyst Lend Lease)* |
| Lend Lease Americas | Lend Lease Investment Management* Bovis Lend Lease* Lend Lease Communities* |
* Environmental Management System based on the requirements of ISO14001
** Environmental Management System independently certified under ISO14001
In addition to the above, several individual projects/ contracts (UK defence, Athletes Village, Pharmaceutical) and retail assets (Bluewater, touchwood, Overgate, Golden Square) are also independently audited and certified under the requirements of ISO14001.
Risk Management
Our approach to risk is guided by the Australian/New Zealand Risk Management Standard, AS/NZS 4360, and the Committee of Sponsoring Organisations of the Treadway
Commission's (COSO) "Enterprise Risk Management — Integrated Framework", which we continue to refine, strengthen and develop.
Lend Lease maintains a Corporate Risk Register which lists all corporate risks. Risks are entered into the Register by assessing different levels of environmental
risk across the following five categories. The Corporate Risk Matrix enables consistent interpretation of the:
- Critical Environmental Risk — Catastrophic or irreversible environmental harm
- Major Environmental Risk — Major environmental hazard with long-term recovery likely
- Medium Environmental Risk — Measurable or serious environmental harm with medium-term recovery
- Small Environmental Risk — Short-term, localized and minor impact on the environment, limited to site
- Minor Environmental Risk — Transient environmental effects limited to site
All environmental risks that get included in our Lend Lease Group Risk Register are managed and monitored closely by responsible persons including Risk Managers, Business Executives and Corporation.
Environmental Management in our Investments and Bids
Environmental sustainability considerations are embedded into Lend Lease's decision making via our Country Risk Assessment, Lend Lease Corporate Investment Pipeline and Project Conversion Processes.
Please also refer to the Quality Systems section on the microsite for further detail.
Country Risk Assessment
Lend Lease follows a Country Risk Assessment procedure prior to determining whether the organisation will establish a presence in a new location or region. The Assessment includes a high level due diligence review of Political, Operational and Security Risk Conditions.
A decision is then made based on the Country Risk Assessment and Market Attractiveness Assessment, in line with limits of authority, to determine whether or not to proceed. If proceeding, a more detailed due diligence assessment is performed in accordance with internal Country Set Up Due Diligence Guidelines.
Within the Guidelines, Environmental considerations include climate change vulnerability; water security; environmental and climate change legislation; and environmental liabilities.
Corporate Investment Pipeline and Project Conversion Process
The Corporate Investment Pipeline manages investment papers prepared internally by the Lend Lease businesses that request investment by Lend Lease Group.
This will typically include activities such as development, public private partnership, investment or divestment.
The Project Conversion Process oversees the project management and construction projects from the bids and tender stages through design and into delivery and completion.
All investment proposals, bid and tenders must be internally subjected to the following environmental sustainability considerations:
- Biodiversity - Threatened or endangered species (Flora or Fauna), Protected or Sensitive Ecosystems (Terrestrial, Aquatic or Marine)
- Climate Change – Adaptation and severe weather at risk geographies i.e. Lands highly susceptible to severe wind, flooding - including flash flood, drought, hurricane or cyclone, extreme seismic activity
- Natural Resources - Constrained by natural resources i.e. Water supply, large-scale non-renewable resource consumption (heavy engineering or mineral extraction)
- Land Quality - Prime agricultural land (high value food crops), Contaminated Land Risks (soil or groundwater and migration), salinity or acid sulphate soils
- Stakeholder Opposition - Subject to environmental lobby group opposition
- Waste & Emissions - Generation of toxic or significant solid/ liquid/ gas wastes or emissions i.e. radioactive waste, industrial waste, greenhouse gas emissions
- Human Rights – Human rights sensitive regions
- Communities – Impacts to indigenous and sensitive communities
- Heritage & Archaeology - Items of heritage protection, artefacts or cultural significance
Where the investment proposal indicates a potential risk may exist, investment or project-specific due diligence investigations are performed to further assess the risk and identify any relevant mitigation measures required. In these cases, Lend Lease will use a combination of in-house and external expertise and consultants to support this due diligence.
To ensure this process is effective, Lend Lease operates limits of authority and approval gates for employees with environmental responsibility and limits of authority. These approval gates are aligned to key roles and responsibilities within the organisation and integrated into critical decision-making milestones.
Investment Environmental Due Diligence
Since June 2007, Lend Lease's Investment Management has operated in accordance with a Sustainable Responsible Investment Policy. This was reinforced in February 2008 when Lend Lease Investment Management became a signatory to the PRI — the first global property investment manager to become a signatory.
The Sustainable Responsible Investment Policy includes a requirement for formal evaluation of the impacts and risks of environmental, social and safety issues in its investment and management decision making, as well as for measuring and reporting on environmental and safety criteria.
Lend Lease Investment Management also conducts due diligence audits on all property acquisitions and divestments, including environmental regulatory compliance, building energy efficiency performance and green building ratings.
Project Stakeholder & Assessment Filter
Our project management and construction business operates a Global Stakeholder & Risk Assessment Filter to determine the risk level associated with various environmental and social aspects of proposed bids, tenders, projects and pre-commitments.
The filter lists the following considerations: Communities, Stakeholder Opposition, Heritage & Archaeology, Human Rights, Waste & Emissions, Biodiversity (including Endangered species, Relocation of species), Safety, Reputation and Land Quality.
These aspects are then assessed at various Risk Levels (High, Medium, Low) to determine where a stakeholder engagement strategy and action plan is required: Refer to the Stakeholder Engagement Strategy Document.
Environmental Management in our Operations
Lend Lease recognises that its design, construction, operation and investment activities, and those of its supply chain, could all have the potential to negatively impact on the environment. We accept that, collectively, we have a responsibility to future generations for the restoration of the environment.
Prior to conducting any project operations or activities, our employees complete an Environment, Health and Safety Risk Assessment. This process identifies the potential environmental aspects and impacts of the project, office or asset. Once identified, the risks are documented and a plan is developed and implemented to improve environmental performance.
The Project Environment, Health and Safety Plan, Green Office Guide and Asset Operational Environmental Management Plan are outlined in the following section.
Project Environment, Health & Safety Plans
Lend Lease implements project specific Environment, Health and Safety Plans on all our development and construction projects. The project specific Environment, Health and Safety Plan or ‘EHS Plan’ identifies environmental legislation and impacts, prevention/ mitigation measures and protocols for managing environmental risks during the project.
Project EHS Plans are integrated into our Environmental Management System and their implementation is subject to inspections and audits.
Green Office Guide
To ensure continual improvement in environmental performance of our offices, Lend Lease implements Green Office Guides. The Green Office Guides are intended to complement the existing green building rating of the office by providing an operational focus on key environmental areas of energy, water and waste (including emissions) risk and opportunity.
Green Office Guides are integrated into our Environmental Management System and their implementation is subject to inspections and audits.
Asset Operational Environmental Management Plan
Asset Operational Environmental Management Plans are implemented on our assets under management to ensure environmental risks and opportunities are appropriately identified and managed consistently.
These Asset Operational Environmental Management Plans are asset specific, identifying operational environmental risks and ensuring they are managed on a daily basis with opportunities being identified for current and future capital expenditure planning.
Asset Operational Management Plans are integrated into our Environmental Management System and their implementation is subject to inspections and audits.
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