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Mission Zero

Climate and Environment

The built environment contributes around 40 per cent of the world’s carbon emissions. We have a responsibility and an opportunity to act. As a 1.5°C aligned company, we have set ourselves ambitious science-based emissions reduction targets. Our targets have been validated by the Science Based Target initiative as being line with a 1.5°C trajectory.

Our industry-leading targets make our intention clear: to lead the transformation of our industry, inspiring a different level of thinking and shifting the attention to carbon elimination – not just reduction or offsetting. This is our Mission Zero.

Net Zero by 2025

We are targeting the reduction of greenhouse gas emissions from business activities as far as possible, with the remainder offset in an approved carbon offset scheme. Our Net Zero by 2025 target applies to Scope 1 & 2 emissions.

Absolute Zero Carbon by 2040

We are targeting the elimination of greenhouse gas emissions from our business activities. Our Absolute Zero by 2040 target applies to Scope 1, 2 & 3 emissions, within the Lendlease defined boundaries and without the use of offsets.

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MISSION ZERO

Hear why we have made it our mission to reach absolute zero by 2040

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Lendlease Scope 3 Emissions Protocol: Our Reporting Boundary

The Lendlease Scope 3 Emissions Protocol V.1 is our current view on the Scope 3 emission categories we have determined to be relevant to our value chain and which will form part of our Absolute Zero by 2040 target.

We are pleased to share our Scope 3 Emissions Protocol V.1. It is intended to contribute to broader efforts to help define a global approach to the measurement and reporting of Scope 3 emissions associated with real estate investments, development, and construction business activities.

Mission Zero Regional Roadmaps

We have clear plans in place to decarbonise our business globally

We’ve developed a five-step pathway to guide our journey to Absolute Zero by 2040. Our regional Mission Zero Roadmaps set out specific regional strategies and timeframes to eliminate Scope 1, 2 and 3 in line with our targets. Our Roadmaps are tailored to account for regional variances in the availability of alternative fuel options, renewable energy markets, technology, supply chain maturity and government policy. They provide the detail to drive specific and timely action towards achieving our targets, and are another measure of our performance.  

 

         

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Mission Zero Progress Report, Australia

Our goal of absolute zero carbon by 2040 is starting to become a reality

Climate action

Our climate ambitions and actions are embedded across the organisation.

Our progress

We are making progress on our Mission Zero Roadmap initiatives to reduce scope 1, 2 and 3 emissions.

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Reducing Scope 2 emissions

We continue to focus on improving operational energy efficiency while increasing the generation and purchase of renewable electricity. We are also trialling battery storage technologies.

We have achieved Energy Star certification at The Cooper, Chicago, the first in our plan to target Energy Star ratings across the multifamily portfolio.

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Reducing Scope 3 emissions

We continue to collaborate with our suppliers to progressively source and procure low embodied carbon materials and our supply chain team is establishing a cohort of Mission Zero aligned supplier partnerships.

We are targeting an average 40 per cent Portland cement replacement across all three residential towers at One Sydney Harbour. It is estimated that this will reduce overall embodied carbon emissions by up to 10 per cent against standard construction practice.

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INDUSTRY TRANSFORMATION

We’re working in partnership to drive industry transformation

Meaningful, lasting change is a global challenge. We’re learning from and inspiring clients, partners, tenants and our supply chain to help achieve the radical industry transformation we need.

We’re on our way, with some brilliant partners.

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CLIMATE RESILIENCE

We are assessing climate change impacts to support the resilience of our business

Lendlease recognises the risks and opportunities associated with climate change. Climate related risk is embedded in our strategic and business planning cycles and all projects and investments conduct climate related risk assessments. Climate change adaptation and mitigation plans inform development, construction and operation of the buildings and places we create. Since 2018 we have been disclosing our exposure and resilience to climate change through the lenses of governance, strategy, risk management, and metrics and targets, prepared in accordance with the Task Force for Climate-related Financial Disclosure (TCFD) recommendations...

News & Insights

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Zero in our sights

Here are some of the steps we're already taking.

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