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/