Steve McCann, Group Chief Executive Officer and Managing Director
"At Lendlease this is what sustainability has always been about - getting it right for people. Which means getting it right for the environment, for society and for the economy."
Leaving a positive legacy
We recognise that the benefits of sustainable development must extend beyond a reduction in the environmental footprint to deliver places that: are more operationally efficient; focus on human health and wellness; and are designed and built to be more resilient to maintain value over the longer term.
Urbanisation creates increasing pressure to plan for, and accommodate, growing populations. By 2030, over 60 per cent of the world’s population is expected to live in urban areas. (1)
Urbanisation and population growth are creating strong demand for infrastructure. Global social and economic infrastructure spending was US$3.8 trillion in 2015 and is estimated to rise to an average of US$5.1 trillion per year between now and 2035. (2)
Global assets under management are forecast to grow over the next decade from US$85 trillion in 2016 to US$145 trillion by 2025. (4)
With two thirds of the world’s population living in urban areas by 2050, (1) the built environment faces increasing challenges, including climate change and social pressures such as inclusion, population growth and housing affordability.
The ageing population requires different housing solutions and greater healthcare services in all major markets. The proportion of the global population aged 60+ is projected to increase three times as fast as overall population (2.4% vs 0.8%pa) in average annual terms between 2015 and 2050. (3)
1. World Urbanization Prospects: The 2018 Revision, United Nations.
2. McKinsey Global Institute: Bridging Infrastructure Gaps – Has the World Made Progress? October 2017. Includes some Group Research calculations.
3. World Population Prospects: The 2017 Revision, United Nations.
4. Asset & Wealth Management Revolution: Embracing Exponential Change, PwC 2017.
5. RE: Tech: Real Estate Tech Annual Report 2017.
Climate Change and the Environment
We also have the aim that all the buildings and communities we produce and operate are independently rated as achieving green building status. We are designing and building places with lighter environmental footprints by using more renewable energy and materials with lower energy impacts.
Healthy Buildings and Communities
Globally, there is a wellness and mobility transformation in the built environment, meaning the buildings and communities we create need to respond by delivering healthier outcomes for the people who use them. This includes an ongoing focus on designing for indoor environment quality, as well as innovating through procurement and operating policies and procedures.
Resilient and Affordable Communities
As a signatory to the United Nations Global Compact, we remain committed to the continuous improvement of our operations. We are also focusing on our value chain in the areas of human rights, the environment, anti corruption and responsible labour practices.
Community creation and social value are at the heart of our approach to sustainability, along with the understanding of how to direct our efforts and measure our impact. When Lendlease’s pillar of values are deployed, we create the best places that offer economic, safe and sustainable outcomes for our customers, our communities, our people and our securityholders.