Leaders in sustainability
Sustainability at Lendlease is guided by our Sustainability Framework and industry-leading sustainability targets launched in 2020.
We are a 1.5 degree aligned company and we aim to create $250 million of social value by 2025.
Our bold sustainability targets are more than just headlines. We have clear decarbonisation plans in place and we measure the positive impact we are making in communities around the world.
The sustainability credentials and outcomes of our investments and projects globally are a competitive differentiator and help generate long term value for our stakeholders.
Our sustainability commitments and expertise position us as a partner of choice, helping us attract and retain the brightest minds, and fuelling innovation across our business.
Lendlease’s Scope 3 Emissions Protocol: Our Reporting Boundary
Our Absolute Zero by 2040 target is industry leading and bold. It is a target focused on eliminating, rather than just offsetting, the Scope 1, 2 and 3 emissions within the boundaries we have defined as being relevant to our value chain.
The Lendlease Scope 3 Emissions Protocol V.1 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.
With the help of the University of Queensland, we have explored how quickly can we electrify construction machinery and what alternative fuels are viable. UQ’s new report, Planning a Transition to Low and Zero Emission Construction Machinery, addresses these questions with rigour and evidence. Lendlease’s companion report, Stepping Up the Pace: Fossil Fuel Free Construction, translates UQ’s research into a clear action plan to create fully-electric, fossil fuel free construction sites.
LREIT has just clinched a S$860 million unsecured Sustainability-Linked Loan (“SLL”), the largest ever such facility granted to an S-REIT. The SLL bolsters LREIT's efforts in minimising its carbon footprint by pegging the interest rate on this loan to LREIT’s tangible improvements on predetermined sustainability performance targets.
As investors become increasingly climate-conscious, demand for greater sustainability efforts in the built environment has risen exponentially. With construction materials accounting for 11% of carbon emissions globally, and concrete being the most widely used construction material in the world, Lendlease saw the clear need to innovate around low carbon concrete.
Lendlease launched BeOnsite in 2007 and the organisation is dedicated to helping people from disadvantaged groups find work in the construction industry. BeOnsite recently won a prestigious Queen’s Award for Enterprise in the category of promoting opportunity through social mobility.
Sustainability has always been a core operating principle
The legacy of our founder, Dick Dusseldorp, continues to inspire our people as we strive to create environmental and social outcomes alongside economic outcomes.
We partner with clients, industry associations, our supply chain and other leading organisations to create a sustainable future for all.
We’re taking action to address climate change.
As one of the world’s leading real estate and investment groups, we have a significant role to play in helping mitigate climate change through immediate and sustained carbon emission reductions.
Learn more about our Climate & Environment mission
Read more about the Lendlease Scope 3 Emissions Protocol V.1
We’re helping communities thrive.
We’re aiming to create $250 million of measured social value over five years to 2025 via our shared value partnerships supported by Lendlease Foundation. This is above and beyond our project-level obligations.
Learn more how we create Social Value
We're linking sustainability outcomes with our finance
To support our ambitions, we’re linking sustainability outcomes with our financing facilities. Today, more than half of Lendlease financing facilities are linked to green, social and sustainability criteria.
Learn more about our Sustainable Finance initiatives
We're embedding sustainability aspirations in our business strategy and operations.
We focus on where our work can have the greatest positive impact. Utilising our Sustainability Framework to align our legacy with where our impact is greatest.
Learn more about our Sustainability Framework & Targets
Reporting & Disclosure
We continue to evolve our sustainability reporting and climate-related impact disclosures.
Learn more about our Reporting & Disclosure
Lendlease has been a signatory since FY08. Currently hold a A+ rating. Recognised as a Global Leader by the UN Principles of Responsible Investment for disclosure and strategy in the area of Climate Change.
Since 2018, we have been disclosing our exposure and resilience to climate change in accordance with the Task Force for Climate-related Financial Disclosure (TCFD) recommendations.
UN Global Compact
Since 2014 Lendlease has been committed to the UN Global Compact corporate responsibility initiative and its principles in the areas of human rights, labour, the environment and anti-corruption
Race to Zero
We've joined Race to Zero, a UNFCCC initiative to rally support from business, cities, regions and investors for a zero carbon recovery.
Business Ambition for 1.5
As a 1.5 degree aligned company, we've joined industry leaders and businesses who are setting science-based emission reduction targets. The Science Based Targets initiative has validated that Lendlease’s carbon reduction targets are 1.5 degree aligned and conform to SBTi Criteria and Recommendations (v4.2).
United Nations Sustainable Development Goals
Lendlease has reviewed each SDG to assess its alignment with the Lendlease Sustainability Framework and our core business activities. We’ve identified 12 goals that are directly relevant to our daily operations and where we have the greatest opportunity to influence change and generate positive outcomes.
News & Insights
Let’s talk about Scope 3 emissions: the next critical phase in decarbonising the real estate sector.12 October 2023The theme for Climate Week NYC 2023 was We Can. We Will, a rallying cry for business leaders, political change makers and civil society representatives to speed up progress in decarbonisation...Read more
Solidifying our commitment to social value13 September 2023Aligning our business with the values and aspirations of our stakeholders and focusing our efforts on the environmental, societal and economic challenges the world and our communities face today is key to these goals...Read more
Clippership Wharf Pilots a "Scrappy" Sustainability Solution11 September 2023Is there anything more obviously disposable than food scraps? We all create them and we all throw them away – but few of us stop to think of the larger impact this action has...Read more
Lendlease calls on industry to tackle built environment’s biggest carbon challenge19 September 2023New protocol for Scope 3 emissions seeks to spark global collaboration, to accelerate the pace and scale of decarbonisation across the real estate sector...Read more