Our commitment to closing the gender pay gap

Lendlease is committed to creating a diverse, equitable and inclusive workplace, and we continue to progress increasing the overall representation of women in our organisation and leadership.

Our commitment to an equitable workplace includes working towards closing the gender pay gap.

As of January 31, 2025, Lendlease’s Corporate Leadership team is 40% female, and the Lendlease board of directors is 33%.

The Workplace Gender Equality Agency Australia (WGEA) 2023-24 report shows that during the reporting period, our gender pay gap for median base salary is 20.8% and median total remuneration is 20.6%. For average base salary the gap is 17.7% and average total remuneration 18.2%.

There are several factors that contribute to our gender pay gap, including the underrepresentation of women in senior leadership roles, which typically attract higher fixed pay and performance-based awards/bonuses in the market. Women are also over-represented in part-time work and unpaid leave due to caring responsibilities.

We also recognise we operate in sectors where there still remain obstacles to achieving gender pay equity. As a member of the Champions of Change Coalition, we are working with our industry peers to increase the representation of women at all levels and job types within the property and construction industry.

Across our organisation, we’re taking targeted action to address some of the drivers of the pay gap and gender inequality in the workplace. For example:

  • Our processes throughout the employment lifecycle – from recruitment to talent and compensation review – have a diversity, equity and inclusion lens. During the annual compensation review process, we review pay equity across genders.

  • The recruitment process no longer asks candidates what their current salary is, to eliminate any existing bias.

  • Data allows us to set targets and track progress. We assess and report to the Board on both the gender pay gap and equal pay gap.

  • In 2023, we enhanced our parental leave scheme to provide all parents 26 weeks paid leave. Superannuation is also paid on the first 12 months of parental leave as we know this is a factor contributing to women’s overall earnings in a lifetime and impact on retirement.

  • Bespoke development programs aim to enhance the career progression of our female talent through executive sponsorship and raise awareness of and challenge any potential bias in the system.

  • Attracting and retaining female talent in construction is also a focus, with a new targeted program for female apprentices launched in 2024.

  • Within Lendlease, we have a number of employee networks which create a safe space for our people to come together and advocate on diversity, equity and inclusion. These networks feed into our Diversity, Equity and Inclusion Council, chaired by the CEO of Construction & COO, Dale Connor.

 

We know inclusive and diverse workplaces improve business performance and that we have more work to do to improve gender equality. As a business, we’re committed to closing the pay gap at every level.

*WGEA has classified our industry as 3020 Non-Residential Building Construction.