The New York Times article explores how “commonplace” sustainability practices are no longer up to par with the growing needs of ESG-minded investors, and describes how Lendlease is surpassing these expectations in our development projects: “What makes [3401 S La Cienega] more striking is how sustainability isn’t simply an amenity or signifier of corporate responsibility, but a core feature of it’s financing plan”. The power of Lendlease’s global integrated model, and the competitive advantage it brings, is clear to see. Our ability to oversee the construction, development, and investment in a project like 3401 S La Cienega means that sustainable practices and innovations are weaved into every step in the project’s life cycle.
When meeting with The Planning Report, Sara reiterated the shift in the market to prioritize sustainability, while also highlighting how Lendlease are going about achieving our Net Zero targets. When talking about our Los Angeles projects, Sara explains how “…[Lendlease] are going to be showing how to do all electric construction for residential in Los Angeles, which is fairly new to the region.” In addition, Sara delves into other technologies and practices Lendlease are adopting to address Scope 1, 2, and 3 emissions, including the deployment of solar and batteries: “In terms of technology, we are trying to be smart about how we deploy solar and batteries. Lendlease has installed 40 megawatts of solar in its military housing portfolio and additional solar in its investment management business.” In California, a state where residential and commercial buildings contribute roughly 25% of the state’s GHG emissions, projects such as 3401 S La Cienega serve as a blueprint for decarbonizing the built environment and achieving meaningful climate goals.
Take a look at The New York Times article here (subscription may be required), and The Planning Report article via their website here.