A core focus of our Sustainability Framework
Nature is one of six focus areas in our global Sustainability Framework. As expressed in our Sustainability Framework, we recognise the finite nature of our planet and its resources, and actively advocate for a healthy planet and healthy people.
Through the sustainable design, delivery and operation of the places we create, we are focused on protecting and restoring the natural environment, conserving natural resources, sourcing sustainable materials, as well as eliminating waste, pollution and carbon emissions.
In addition to the guidance provided by our Sustainability Framework, nature-related decisions are managed through our Risk Management Framework, which sets the boundaries for our activities. Our environmental commitments are described in our Sustainability Policy and our environmental compliance requirements are embedded in our Environment, Health & Safety Global Minimum Requirements. Our Lendlease ESG Databook provides an overview of our material environmental topics, including related public policies, datasets and governance oversight.
Our planet is experiencing a decline in nature
The world is experiencing an accelerating loss of biodiversity due to human activity, with nearly one million plant and animal species at the point of extinction.1
A global response is required to protect nature and we acknowledge the commitments made by more than 200 countries in adopting the Kunming-Montreal Global Biodiversity Framework at COP-15.
We want to better understand the role we can play
In response to the scale of the nature crisis and the need for global action, we are undertaking a Nature & Biodiversity strategic review. The purpose of the review is to better understand the ways in which our business activities impact and depend on nature, along with the opportunities we have to enhance nature and slow down biodiversity loss.
So we can contribute to the health and resilience of nature
As an international integrated real estate organisation, we recognise our investment, development and construction activities can contribute to local protection and restoration of nature. While we have a significant track record of delivering sustainable outcomes in the built environment, we know there is still more to learn and improvements we can make.
We are starting with the TNFD LEAP Approach
To identify how our business activities interface with nature we will be using elements of the Taskforce for Nature-related Financial Disclosures (TNFD) LEAP approach, leveraging our experience with the Task Force on Climate-related Financial Disclosures framework. With this deeper understanding we will be better placed to integrate nature and biodiversity into our future decision making. We have also joined TNFD as a Forum Member.
We will share our insights as we progress on the journey
Our global Nature & Biodiversity strategic review includes these four key steps. We completed Step 1 during FY23, interviewing representatives from more than 70 organisations globally. We also engaged with more than 200 of our people across our four regions through interviews and surveys. We will provide an update on the progress of our strategic review in our FY24 Annual Report.
Listen to the perspectives and expectations of our clients, investors and other stakeholders as well as our own people.
Understand our interface with nature & biodiversity and inform our next steps using the TNFD LEAP approach.
Bring our people and external stakeholders on the journey through a communications and education program.
Share our progress, insights and future plans.
“We recognise that biodiversity and climate change are interlinked. We are making good progress to help address the climate crisis through our Mission Zero strategy, whilst creating social value in the communities in which we live, work and play via our social impact strategy. We are now renewing our focus on the role we will also play in helping to address the nature & biodiversity crisis.”
–Tony Lombardo, Global Chief Executive Officer and Managing Director (Executive Director)
“Protecting and restoring nature requires collective action – which is why we are engaging and collaborating with a range of stakeholders – customers, investors, government, environment groups, traditional owners and our employees. And starting with the TNFD’s LEAP approach will give us a strong foundation to determine where we can be most effective and best make a difference.”
–Dale Connor, Chief Executive Officer, Lendlease Australia
“Embracing biodiversity and preserving nature isn't just an environmental responsibility; it's a strategic investment in the future of our communities we build. In Asia, our commitment to preserving and integrating nature into our developments and assets aims to ensure sustainable, resilient, and thriving spaces for generations to come.”
–Justin Gabbani, Chief Executive Officer, Asia
“We recognize the crucial role biodiversity plays in sustaining our planet and that the earth’s natural resources are finite. Integrating nature-based practices and initiatives into our Americas business not only enhances the long term value of our assets but also enables our communities to thrive.”
–Claire Johnston, Chief Executive Officer, Americas
“Our Sustainability Framework recognises the global importance of protecting and restoring nature. As Biodiversity Net Gain legislation is introduced in the UK and the EU sharpens its focus on the value of natural capital, we’ve never been more determined to collaborate with our partners and stakeholders with the goal of protecting our planet’s environment and its people.”
–Andrea Ruckstuhl, Chief Executive Officer, Europe
Our work to protect and restore the natural environment continues
We explore nature-related risks and opportunities as we develop Sustainability Plans for each project or asset. Our commitment to protect and restore the natural environment has contributed to the success of many of our landmark projects and precincts.
Enhancing biodiversity through living seawalls
Photo credit: Sian Liddy
The Living Seawalls Project at Waterman’s Cove is one of number of initiatives designed to restore and regenerate natural systems in the Barangaroo precinct.
Designed by the Living Seawalls team, the panels mimic natural marine structures and create 96 square metres of habitat for marine organisms. Bespoke for Barangaroo, the panels add intertidal complexity and aim to enhance native species over nonindigenous species.
The panels were made using 3D printing technology and incorporated recycled oyster shells to enhance their sustainability. They were planted with native brown kelp (rescued from pilings undergoing maintenance at a nearby location), encouraging marine species to make them their home. Since their installation in 2020, the panels are now home to hundreds of fish, native oysters, seaweed, and invertebrates.
Living Seawalls is a flagship program of the Sydney Institute of Marine Science and works in collaboration with Reef Design Lab.
Elephant Park, London
Retaining mature trees to create a new urban park
Elephant Park, London
Elephant Park’s tree strategy saw over 1,300 trees planted across the development's public realm and surrounding streets, as well as 128 mature trees retained from the original site.
At the heart of the Elephant Park development is a new 2-acre public park, shaped around 27 existing mature trees along with 19 new trees. The new park links with established urban nature zones, including Salisbury Row Park, Surrey Square Park, Burgess Park, Victory Community Park, and Nursery Row Park.
Throughout the park, habitat features such as bat and bird boxes, log piles, insect hotels and beetle stumpery have been installed to encourage biodiversity.
Amongst our green spaces are the park’s rain gardens which are designed to lessen the burden on London’s combined sewer system by running surface water into the park’s ground.
Co-designing a nature-related strategy
The new Singtel Comcentre is expected to be redeveloped into a $3B world-class sustainable workplace near the shopping belt of Singapore, Orchard Road.
The project’s nature-related strategy is the outcome of a co-design partnership approach with our client. Nature-related mitigation include targets to reduce at least 30% embodied carbon during the construction phase and reduce potable water consumption by 69%.
The project is also targeting Landscape Excellence Assessment Framework (LEAF) certification, with a minimum 50% of plantings native to Southeast Asia as well as PUB Active, Beautiful, Clean (ABC) Waters certification.
Integrating nature-based design
Innovation, science and technology are at the heart of the Milano Innovation District (MIND), and this includes its approach to sustainability with green infrastructure playing a core role in the design.
At MIND we worked with local public authorities to create project-specific environmental commitments as part of the urban planning process. These commitments include biodiversity net gain targets and meeting permeability requirements. We also developed an innovative Green Space Factor, a calculation which includes green walls and green roofs.
We are creating a 120,000m2 system of gardens and canals to create a Parco Verde Blue (Green-Blue Park) throughout MIND. Using nature-based structures, we are building climate resilient canal waterways to maximise ecosystem complexity for local insects, birdlife, amphibian, aquatic and terrestrial life.
All our nature-based initiatives will help to restore the natural environment at MIND while mitigating the two key climate-related risks identified for the project -- urban heat island effect and urban flooding.
Clippership Wharf, Boston
Building climate resilience through a living shoreline
Clippership Wharf, Boston
At our Clippership Wharf development we adopted nature positive design to build a climate resilient neighbourhood.
The Living Shoreline initiative at Clippership Wharf increases local river accessibility, climate resilience and tidal protection through nature-based habitat fortifications. It raises the wharf by 2 metres, adding a 500-metre extension, and seeds it with local bivalve and riparian species, creating tidal flats, coastal banks, rocky shores, and salt marsh communities. This nature-based solution results in 3200sqm of new intertidal habitat, improved water quality while providing effective tidal protection. The living shoreline revetement was constructed using repurposed stone from onsite excavation.
The project garnered immense community buy-in, including a new recreational Kayak Centre that monitors marine waste for community benefit.
Reef Island Initiative, Great Barrier Reef Foundation
Rehabilitating critical habitats
Reef Island Initiative, Great Barrier Reef Foundation
The Reef Islands Initiative is restoring critical island habitats to protect ecosystems and save vulnerable species.
Alongside the Australian Government’s Reef Trust, the Queensland Government and the Fitzgerald Family Foundation, Lendlease Foundation is supporting the Reef Islands Initiative, a 10-year program pioneered by the Great Barrier Reef Foundation.
By combining science and Indigenous knowledge with on-ground and in-water actions, the Reef Islands Initiative is building resilience in reef island habitats to create a network of climate change arks for the Great Barrier Reef. It is the largest reef habitat rehabilitation project of its kind in the Southern Hemisphere.
The social value created through the work of our shared-value partnership with the Reef Islands Initiative contributes towards our target to create $250 million of social value by 2025.
1Intergovernmental Panel of Biodiversity and Ecosystem Services [IPBES], 2019, Global Assessment Report on Biodiversity and Ecosystem Services of the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services, https://www.ipbes. net/global-assessment-report-biodiversity-ecosystem-services