In line with Lendlease's signatory commitment under the United Nations supported Principles for Responsible Investment (PRI), we are committed to creating value for all stakeholders in everything we do by delivering positive economic, environmental and social outcomes whilst operating in an environment that is Incident & Injury Free. Lendlease's Responsible Investment Policy commits us to the following actions:
Formally evaluating the impacts and risks of ESG issues in investment and management decision making
Developing and implementing sustainability strategies for each of our managed funds, that address Lendlease's operating principles and key sustainability focus areas
Using green rating tools and labels, where they exist, to benchmark and disclose the ESG performance of assets and portfolios
Engaging and sharing knowledge with stakeholders on ESG issues related to responsible property investment practices
The United Nations-supported Principles for Responsible Investment (PRI) Initiative is an international network of investors working together to put the six Principles for Responsible Investment (the Principles) into practice. The Principles aim to help integrate the consideration of environmental, social and governance (ESG) issues by institutional investors into investment decision-making and ownership practices, and thereby improve long-term returns to beneficiaries. In implementing the Principles, signatories contribute to the development of a more sustainable global financial system.
Lendlease’s Investment Management business was the first global specialist property investment management company to become a signatory to the United Nations supported Principles for Responsible Investment in November 2007.
All signatories are required to participate in the PRI’s annual Reporting and Assessment process. In early July 2015, Lendlease Investment Management received positive feedback on its PRI submission. An A+ rating was achieved for the PRI’s Overarching Approach module (scoring 29 of 30 points available points), improving from an A rating in the 2014 survey.
An A rating was achieved in the Property module (scoring 36 of 39 available points) with an improvement of 2 points.
A copy of Lendlease’s 2015 Transparency Report is available here.
Lendlease believes that its participation in the GRESB survey provides clarity and transparency on the ESG performance of its property funds and assets on a globally consistent basis, and believes that GRESB provides necessary focus and direction for the real estate sector.