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.
Highlights
AUSTRALIA
On the Watermans Residences tower at One Sydney Harbour, we deployed electric construction plant and equipment and analysed the implications of switching from diesel to electric concrete pumping. We shared our findings in The Electric Edge report, published in conjunction with University of Queensland.
AMERICAS
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.
ASIA
LREIT obtained a S$860 million unsecured Sustainability-Linked Loan bolstering efforts in minimising its carbon footprint by pegging the interest rate on this loan to LREIT’s tangible improvements on predetermined sustainability performance targets.
EUROPE
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.
GLOBAL
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.
We are linking sustainability outcomes with our financing facilities.
We are guided by our global Sustainability Framework, which prioritises environmental and social focus areas under three sustainability imperatives.
Meet Lendlease’s Sustainability leadership and members of the Risk & Sustainability Committee of the Board.
We continue to evolve our sustainability reporting and climate-related impact disclosures.
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.
Our environmental, social and governance (ESG) datasets, related public policies and governance oversight as well as our cumulative TCFD reporting.