Every day, people around the world live, work, shop, play or travel via an asset created by Lendlease.

Founded in Sydney in 1958, our company was born out of a vision to successfully combine the disciplines of financing, property development and investment.  
 
Since the beginning, Lendlease has played a role in creating landmark places around the world. We create places that leave a positive legacy with a focus on safety, innovation and sustainability, delivered by people who are respected for who they are and what they do.  
 
A small sample of the calibre of our projects and capabilities includes:

• The National September 11 Memorial & Museum is a tribute to the lives lost after the attacks on September 11, 2001. We were privileged to return to the World Trade Center site in New York to deliver the landmark project. 
• Malaysia’s Petronas Twin Towers was the tallest building in the world at the time of completion. Lendlease was the project manager for this iconic development, spanning 40 hectares and located in the heart of the Golden Triangle at Kuala Lumpur City Centre. 
• Sydney Opera House is one of the most recognisable buildings of the twentieth century. Civil & Civic Contractors (later acquired by Lendlease) constructed stage I of the building, the entire structure below its iconic sails. Baulderstone (acquired by Lendlease in 2011) also played a key role in the construction of the Opera House.   
• Tate Britain has been home to British art for more than 100 years. Lendlease delivered international standards through the upgrade and refurbishment work on the north and south quadrants of the gallery.
• In 1984 Lendlease won the contract to restore the Statue of Liberty in New York in advance of its 1986 centennial. 

At Lendlease we design beyond the physical environment.  
Our aim is to integrate digital layers into the built environment, enhancing connectedness by reducing friction and enabling discovery.

By harnessing innovative and emerging digital technology we can dynamically respond to individual and asset needs. This will allow residents to monitor the performance of their homes, and our building managers to adjust the way our building can operate to cater to peak needs when this is required.

Lendlease is focused on leveraging disruptive technologies to unlock value across four key areas:

1. Improved customer experiences, productivity, safety, health and wellbeing. 
2. Enhanced operational efficiency, sustainability and reduced lifecycle costs for assets. 
3. Increased asset value and new sustainable revenue streams through the creation of new products and services. 
4. Improved and accelerated design and construction processes.

Lendlease is already embracing disruptive technologies to improve the performance and sustainability of its assets.

• International Towers Sydney, Barangaroo – Intelligent software platform and real time 3D visualisation enabling improved building performance, operational transparency and efficiencies. 
• Lendlease Communities, Yarrabilba (QLD) – A living lab that includes multiple Internet of Things (IoT) sensors and devices improving water consumption, energy consumption, safety and resident information.
• Lendlease Retail – Artificial intelligence and advanced analytics software platform improving energy consumption whilst enabling condition based and predictive maintenance for retail assets. 
• Alkimos Beach (WA) Battery Storage – Community trial is underway to demonstrate the benefits that can be unlocked from building sustainable energy solutions into our projects.

To Lendlease, diversity simply means difference – difference in thinking, background, culture, sexual orientation, gender, ethnicity and other life experiences. We acknowledge that while diversity is a fact, inclusion is a choice.

Embracing diversity and fostering inclusion is fundamental to how we behave, day to day. This is simply the right thing to do. We achieve better outcomes by encouraging difference and working together.

• We empower our leaders to be inclusive and address bias to make better decisions.  
• We are committed to a level playing field, giving everyone the same chance to succeed.  
• We encourage flexible ways of working to support different needs, priorities and lifestyles.

Flexible working is essential in supporting a diverse workforce and attracting and retaining talent. We have a variety of initiatives to support flexible work and continue to focus on providing flexibility on construction projects where possible.

Lendlease has been awarded an Employer of Choice for Gender Equality (EOCGE) citation by The Workplace Gender Equality Agency for the sixth time in a row. This recognises employer commitment and best practice in promoting gender equality in Australian workplaces. We are proud to be recognised for our commitment to gender equity.

Lendlease is an active member of a number of forums supporting broader diversity and inclusion conversations across the workplace:

Diversity Council Australia
Lendlease is a corporate member of the Diversity Council of Australia (DCA), an independent, not-for-profit workplace diversity advisor to business in Australia. Our membership provides access to leading research and regular events held by DCA.

Pride in Diversity
Lendlease is a founding member of Pride in Diversity (PiD), the national not-for-profit employer support program for LGBTI workplace inclusion specialising in HR, organisational change and workplace diversity. PiD publishes the Australian Workplace Equality Index (AWEI), Australia’s national benchmarking instrument for LGBTI workplace inclusion from which top employers for LGBTI people are determined.

Australian Human Resources Institute
Lendlease is a corporate member of the Australian Human Resources Institute (AHRI), the national association representing human resource and people management professionals. Recently Lendlease won the 2014 AHRI Inclusion & Diversity Award for LGBTI Inclusion.

Australian Network on Disability
Lendlease is a proud sponsor of the Australian Network on Disability (AND) and is currently working with this peak organisation to develop our Accessibility Action Plan at Lendlease.

National Association of Women in Construction
Lendlease is a corporate member of the National Association of Women in Construction (NAWIC) and supports NAWIC events in each state throughout the year, including the annual NAWIC awards. 

Relative to their national average, gateway cities typically experience higher population growth; have the most appealing employment prospects; are more resilient through property and economic cycles; and attract more global investment capital.  

Playing to the breadth of our skills,  these cities often contain sites well suited to regeneration and  infrastructure upgrades. 

To identify the cities most relevant to our strategy and capabilities, we periodically undertake an extensive global study, evaluating key metrics including economic, business climate, geopolitical risks, urbanisation potential and capital market indicators. 

We also evaluate global cities on additional metrics such as demographics, demand drivers, property fundamentals, unique attributes, policy and planning frameworks and Lendlease’s presence in a market.

Wherever we operate, our business operations must comply with our robust safety and sustainability standards. Attracting the right teams with the appropriate capabilities to deliver on our pipeline is also a key consideration of the cities we choose to target. 

This process identified an initial 15 gateway cities for our urbanisation platform to target. Today, we operate in 14 of these 15 gateway cities. Major urbanisation projects have been secured in ten of these cities.

Equity is important to Lendlease. We have committed significant resources to understanding what causes gender pay gaps and how to best address them. 

Lendlease employs approximately 13,000 people across our diverse business operations and we are committed to ensuring gender equity is a reality for everyone within our company. Over the last seven years, Lendlease has actively worked towards achieving our gender pay equity goals through a range of in-depth reviews, processes and communications. 

Lendlease has long supported equality in the many countries in which we operate. In March 2016, Lendlease reinforced our company position by supporting Australian Marriage Equality and their campaign around marriage equality.   

We are proud to have an industry leading global diversity and inclusion policy which promotes an inclusive and respectful environment for all our employees and stakeholders. We respect the rights of all individuals to form their own views on matters such as marriage equality.

Lendlease has once again been recognised as a top employer in the Australian Workplace Equality Index for Lesbian, Gay, Bi-sexual, Transgender and Intersex (LGBTI) inclusion.

Lendlease is a founding member of ’Pride In Diversity’ in Australia, and in the United States our business has received a citation for the last two years on LGBTI inclusion. 

Lendlease is committed to the health and safety of its people and those who work with us, and we have been acknowledged externally for our focus on providing healthy workplaces.

Lendlease is certified as a ‘Global Healthy Workplace’ for 2017 to 2019 in recognition of our focus on employee health & wellbeing. This certification was granted by the Global Centre for Healthy Workplaces in October 2017. In addition, Lendlease won the multinational employer category at the 6th Global Healthy Workplace Awards announced on Friday 7 September 2018 in Bergamo, Italy. 
 
We have a holistic approach to health & wellbeing, and continue to grow our focus around mental health. We know that employees are likely to experience higher levels of stress, anxiety and depression if they work in the construction sector. In Australia, construction workers are six times more likely to die by suicide than a workplace incident.   
 
Looking after the physical and mental health of our people is a significant part of the Lendlease culture. In support of this Lendlease introduced wellbeing leave in 2015 – giving all employees one day every four months to attend to health & wellbeing related needs. In FY18, 68.4 per cent of Lendlease employees used their Wellbeing Leave.  
 
We will continue to work with industry partners and experts to grow our knowledge in these areas, and importantly, address these health & wellbeing challenges. Today Lendlease partners with many organisations around the world including Bupa, Mental Health First Aid, Beyondblue, MATES in Construction and R U OK? to deliver our mental health programs.  
 
Our programs provide preventative support and active help to anyone who may be experiencing a mental health condition. This includes the globally recognised and accredited Mental Health First Aid (MHFA) training. More than 1,150 of our employees are trained around the world in mental health first aid. We also know that over the last 12 months more than 3,000 Lendlease employees have participated in at least one mental health program around the world.  
 
Our people are also encouraged to participate in health related community initiatives including R U OK? Day, febfast, Movember and World Mental Health Day.

We are committed to the safety of our people and those who interact with our assets and sites.

Through our Global Minimum Requirements (GMRs) we operate to a consistent standard across all operations. These GMRs extend to physical safety and people’s mental health and wellbeing.

In this day and age, everyone has the right to go home safely to their families, friends and love ones, every day.  

Across our organisation we have seen critical incident and lost time injury frequency rates at the lowest rates recorded since we commenced reporting on these metrics, with the percentage of operations without a critical incident at 90 per cent or above for the fourth consecutive year. These results are testament to the dedicated focus of our teams.  

Lendlease has a long and strong tradition of skilling and training our workforce and supporting the communities in which we have a presence through improved education and employment opportunities. Our commitment to skilling and training is evident around the world.

MILESTONES AT OUR SKILLING & EMPLOYMENT CENTRE IN ST MARYS (SYDNEY)

Since 2005, the Skilling & Employment Centre has assisted more than 4,500 people to achieve jobs. 1,600 people have undertaken skilling courses that support job readiness in the areas of: construction, first aid, computer skills, networking, resume preparation and interview techniques.

SAFETY SUPERVISOR APPRENTICESHIP PROGRAM (SSAP) IN MALAYSIA

In collaboration with Malaysia’s Construction Industry Development Board (CIDB), we developed the Safety Supervisor Apprenticeship Program (SSAP). As the first formal apprenticeship collaboration between the public and private sectors in Malaysia, the program focuses on the safety needs of the construction industry.  
The structured program provides industry recognised training (encompassing both theoretical and onsite training components) through an integrated approach by Lendlease and CIDB. Those who complete the SSAP receive a formal CIDB and Lendlease SSAP qualification, as well as various certifications from the Department of Occupational Safety and Health (DOSH) and National Institute of Occupational Safety.

TRAINING ACADEMY AT PAYA LEBAR QUARTER (SINGAPORE)

At Paya Lebar Quarter, we aim to raise the bar in worker engagement and set new standards for the construction industry in Singapore. To do this, we introduced the Training Academy. Open to all workers, the daily courses covered low risk awareness and high risk tolerance topics including Frontline Leaders, Incident & Injury Free and Cranes & Lifting. With over 25,500 hours completed in FY17, new standards for worker competency have been established in the Singapore construction market.

BE ONSITE

Lendlease supports employment initiatives in the communities we work in. Be Onsite traces back to the Bluewater project in the late 1990s, when Lendlease partnered with the UK Government’s ‘Job Centre Plus’ to match local disadvantaged job seekers with employment opportunities on this project.

In 2008, Lendlease evolved this partnership into an independent not for profit. Over the last 10 years, Be Onsite has employed 616 people on Lendlease projects throughout the UK, with 238 of these roles on our Elephant Park project.

Lendlease believes technology and data, infrastructure and service systems can be used to enhance the way our cities work. However, our cities and urban areas need to be more than 'smart', they need to be liveable, healthy and sustainable places.

Technological solutions such as big data and the internet of things are a part of the solution but so too are strong regulatory and governance frameworks. 
 
Lendlease already uses digitisation and analytics to generate insights to improve the design and performance of the places we deliver, for example International Towers Sydney, Barangaroo. Smart solutions, including smart cities will also be delivered when urban environments and cities deliver superior environmental, social and economic outcomes for our communities. 

WHAT IS A SMART CITY? 

A smart city is where traditional networks and services are made more flexible, efficient and sustainable with the use of information, digital and telecommunications technologies, to improve how a city operates.  
 
Using data to measure and improve the performance of urban systems lies at the heart of the concept. 
 
Smart cities should provide their citizens with the following:

• Data as a utility – providing an ability to collect, communicate and analyse data 
• Smart Infrastructure – using smart infrastructure technologies to provide more intelligent services 
• Smart technology enablers – using the Internet of Things to lay the groundwork for the digital economy to evolve 
• An agile master planning system – this creates the capability to adopt and harmonise emerging innovations and disruptive technologies
  
  

A broader context needs to be considered when discussing the need for smart cities. Urbanisation is occurring at a rate faster than any time in history. 
 
The World Economic Forum has estimated that 60 per cent of the areas where the world’s urban dwellers will live in 2030 are yet to be built.

Sustainability has always been a priority for Lendlease. We have a long and proud history of leading the evolution of the built form to be more sustainable, with numerous sustainability firsts achieved. 

In FY20, we launched new targets for Sustainability.  They are our call to action and will be our measure of success as we begin the next chapter of our sustainability story. We are acutely aware that these targets will be difficult to achieve – and believe it is this challenge that makes them worthwhile striving for. We look forward to working with and learning from our clients, partners, tenants and supply chain as we create the pathways towards achieving these targets and supporting industry transformation.

We are a 1.5ºC aligned company

As a 1.5ºC aligned company, we aim to tackle the climate crisis head on while delivering client and shareholder value, maintaining our employee value proposition and honouring our sustainability legacy.

Achieving zero emissions will be approached by setting short, medium and long term goals, addressing our immediate emissions activity, and fostering industry participation and partnerships to help respond to wider, indirect emissions.

The following five steps are required to achieve our target:
1. Create a decarbonisation investment strategy in 2021
2. Phase out diesel and gas in our operations
3. Use 100% renewable electricity before 2030
4. Collaborate with supply chain partners to set pathways to zero carbon by 2040
5. Collaborate with our tenants and residents to transition to renewable electricity by 2040

Create $250m of social value by 2025

Our Corporate Social Value Target is intended to demonstrate our corporate commitment to creating social value in the communities in which we operate, above and beyond what we are required to do at the project or asset level.

This target will account for our investment in our corporate led, shared value partnerships. It is based on achieving an average 1:5 social value return on investment, primarily via our Lendlease Foundation, but also through other key business initiatives such as FutureSteps.

Work is underway to deploy new metrics and data collection at the asset and project level to allow us to expand this target to include the social value we create at that level.

We have also commenced work with a number of social value evaluation experts to help develop industry accepted, simplified, yet robust, social value assessment methodologies to evolve the social sustainability narrative beyond philanthropic spend, to one of social value created and the multiplier of shared value partnerships.

More information on our sustainability approach can be found at: https://www.lendlease.com/company/sustainability/

At Lendlease, we’re committed to making a positive social, environmental and economic contribution to the regions in which we operate. We’re also committed to strong corporate governance policies and practices which are fundamental to the long term success of the company.

Download Lendlease’s 2022 Tax Report

This includes complying with all relevant tax laws and maintaining open and respectful relationships with relevant tax authorities.

We’re also committed to not participating in tax evasion or aggressive tax planning, or providing tax advice to third parties.

In 2022, approximately 45% of Lendlease’s revenue was derived from our regional businesses in Asia, Europe and the Americas, and approximately 55% was generated from operations in Australia.

Corporate tax is paid by Lendlease Corporation Limited (and its subsidiaries) in line with the relevant corporate tax law of the jurisdiction in which income is generated. In 2022 Lendlease paid $88 million in corporate income tax globally, with Australian corporate tax paid of $29 million.

The corporate tax rates applying to our regional businesses differ to the Australian corporate tax rate of 30%. Some jurisdictions in which Lendlease operates have corporate tax rates higher than Australia (e.g. US and Japan); while other jurisdictions have lower corporate tax rates (e.g. Singapore and UK).

Lendlease’s 2022 Tax Report provides a detailed overview of Lendlease’s approach to tax and tax contributions made to Australian State and Commonwealth governments, as well as governments in overseas jurisdictions.

Lendlease’s core strategy is focused on urbanisation in targeted gateway cities and we aim to be the urbanisation partner of choice.   

Our first major urbanisation project was secured in Melbourne almost two decades ago and still offers a substantial residential pipeline. This is typical of the type of project we look to secure: long dated; capital efficient; whole of precinct; and spanning multiple property cycles.

In recent years we have broadened our urbanisation platform via targeted international gateway cities. They include projects in London, Milan, Chicago and the San Francisco Bay Area. These projects form part of a portfolio that comprises 21 major projects across nine gateway cities.

Being awarded these projects from both public and private sector clients is a strong endorsement of our expertise. Our sustainability credentials have been critical in the selection process, with consistent feedback that the integration of all aspects of sustainability within our placemaking capabilities resonates strongly.

Our urbanisation pipeline is set to produce more than 56,000 residential units and more than 50 commercial buildings over a c.25 year horizon. We expect our development activity to accelerate over the medium term as our secured pipeline progresses through planning and into delivery.

Click here to learn more about our urban regeneration projects around the world.

Country, Truth and Our Shared Story: Elevate RAP 2020 – 2023

Our Lendlease Elevate Reconciliation Action Plan (RAP) is just one way we align our operational performance with our commitment to human rights, specifically the rights of Australia’s First Nations People. It outlines our commitment to First Nation’s people, acknowledging their unbroken connection to country, creating respectful relationships that provide opportunities for equal social and economic outcomes.

In this, our third RAP and second Elevate RAP we will take a leading role in lifting the industry standard of placemaking by incorporating the self-determination principles and voices of First Nations peoples. 

Read more on Lendlease's Reconciliation Action Plan

Read more on Country, Truth and Our Shared Story: Elevate RAP 2020 – 2023

Elevate Reconciliation Action Plan (RAP)

During the second year of our Elevate RAP titled Country, Truth and our Shared Story, we have continued to embed commitments within our business practices and engage and collaborate with First Nations communities, employees, RAP partners and businesses.

Lendlease is one of only 12 organisations with an Elevate RAP¹ out of a total of 2,200 Reconciliation Australia endorsed RAPs.
Close to four million people now either work or study in a RAP organisation which is accelerating the progress towards a more equitable and fair Australia and strengthening the relationships between First Nations peoples and non-Indigenous peoples, for the benefit of all Australians².


^1. Who has a RAP?: Reconciliation Australia (30 June 2022).
^2. 2021 RAP Impact Report: Reconciliation Australia.
Read more on the Uluru Statement of the Heart

Business performance is driven by many factors. Strategy, people and culture are critical ingredients – the workplace is where culture happens, people connect and strategy comes to life. Traditional corporate workplaces have evolved significantly and will continue to reshape with changes in technology and work styles.

Lendlease’s approach to creating the best workplaces starts with listening and observing, and only then creating. The Lendlease workplace team has recorded nearly three million unique observations over the last three years on interior space utilisation.

Our extensive experience in creating modern and adaptive workplaces over the last 10 years has taught us that the best places to work are an interplay of factors, including location, the amenity and its technology capabilities, its surrounds and human touch points.

Many of Lendlease’s workplaces, including our flagship headquarters at Barangaroo, in Sydney, showcase our abilities in creating workplaces that support purposeful interactions, inspire greater collaboration, promote a sense of belonging and encourage greater health and wellness.

Lendlease continues to raise the bar by delivering internationally recognised workplaces both for itself and external clients including CBA, Westpac, Telstra, Google and Amgen. In fact, CBA and Westpac have both won industry awards, in recognition of workplaces created by Lendlease.   
 

ABOUT OUR BARANGAROO WORKPLACE 

Our workplace is an investment in Lendlease, our people and our future.

Workplaces within our Barangaroo headquarters give our people options, including spaces to think and reflect, connect, collaborate and innovate. Everyone has a 'neighbourhood' – a place where they belong with their team, providing social cohesion. And every day our people can choose where they work, depending on the type of work they need to do. This is team based working, the first of its kind.

Our workplaces also encourage healthier choices – with more ways for people to move around, work standing, enjoy more natural light and even take the stairs instead of lifts to move between floors. Barangaroo is a showcase of who we are, what we do and how we do it.

Lendlease’s Barangaroo workplace has ranked in the top 6 per cent of workplaces surveyed globally for workplace design, functionality and effectiveness, earning the Leesman+ accreditation* for exceptional performance in workplace design, delivery, management and operational effectiveness.

Our Barangaroo workplace achieved an overall workplace effectiveness (Lmi*) score of 74.1, 13 points above the Leesman average of workplaces surveyed globally.  This score ranks us in the top 6 per cent, or one of only 44 companies, to earn the Leesman+ accreditation.

*The Leesman Index is the largest independent collection of workplace effectiveness data in the world. It provides us with the opportunity to not only measure performance, but push benchmarks and industry standards.

Other highlights include:

• More than 92 per cent of our people are proud to bring visitors to our workplace, compared to the Leesman benchmark of 50.9 per cent.
• Over 73 per cent of people feel the workplace enables them to work productively, exceeding the Leesman benchmark of 56.7 per cent. 
• Over 94 per cent of people said the design of the workplace was important to them.  
• Over 88 per cent of people believe the culture of Lendlease is supportive to working in a mobile/flexible way and the technology, tools and infrastructure enable this. 

Figures correct as at May 2017.