Sustainability
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.