Climate and Environment
The built environment contributes around 40 per cent of the world’s carbon emissions. We have a responsibility and an opportunity to act. As a 1.5°C aligned company, we have set ourselves ambitious science-based emissions reduction targets. Our targets have been validated by the Science Based Target initiative as being line with a 1.5°C trajectory.
Our industry-leading targets make our intention clear: to lead the transformation of our industry, inspiring a different level of thinking and shifting the attention to carbon elimination – not just reduction or offsetting. This is our Mission Zero.
MISSION ZERO
Hear why we have made it our mission to reach absolute zero by 2040
Lendlease Scope 3 Emissions Protocol: Our Reporting Boundary
The Lendlease Scope 3 Emissions Protocol V.1 is our current view on the Scope 3 emission categories we have determined to be relevant to our value chain and which will form part of our Absolute Zero by 2040 target.
We are pleased to share our Scope 3 Emissions Protocol V.1. It is intended to contribute to broader efforts to help define a global approach to the measurement and reporting of Scope 3 emissions associated with real estate investments, development, and construction business activities.
Mission Zero Regional Roadmaps
We have clear plans in place to decarbonise our business globally
We’ve developed a five-step pathway to guide our journey to Absolute Zero by 2040. Our regional Mission Zero Roadmaps set out specific regional strategies and timeframes to eliminate Scope 1, 2 and 3 in line with our targets. Our Roadmaps are tailored to account for regional variances in the availability of alternative fuel options, renewable energy markets, technology, supply chain maturity and government policy. They provide the detail to drive specific and timely action towards achieving our targets, and are another measure of our performance.
Our goal of absolute zero carbon by 2040 is starting to become a reality
Climate action
Our climate ambitions and actions are embedded across the organisation.
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InvestmentsWe are positioning our portfolio of assets to meet tenant and resident expectations to live and work in highly sustainable buildings and precincts. We acquire high performing assets and invest in operational energy efficiency while increasing the generation and purchase of renewable electricity. Sustainable real estate attracts capital partners and quality tenants, as well as contributing to investment performance and our competitive edge. We maintain a leading position across ESG assessments and benchmarks for real estate.
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DevelopmentWe create independently rated green buildings and net zero precincts, as well as inclusive, integrated and climate-resilient communities across our gateway cities. Lendlease has achieved several innovative green building firsts, including world-leading sustainability precincts such as Barangaroo.
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ConstructionWe are phasing out fossil fuel diesel and gas from our construction sites, using electric plant and machinery where available, and switching to renewable diesel or replacement fuels as well as renewable electricity. We are increasing the number of all electric buildings and we are collaborating with our suppliers to progressively source and procure low embodied carbon materials, targeting embodied carbon reductions.
Our progress
We are making progress on our Mission Zero Roadmap initiatives to reduce Scope 1, 2 and 3 emissions.
We are working towards our goal of zero fossil fuels in construction activities by using alternative fuels, increasing the use of electric construction plant and equipment and trialling battery storage and charging infrastructure.
We have implemented an Alternative Fuels Policy to help reduce fossil fuels usage from our UK construction sites. At the end FY22, renewable diesel accounted for 77 per cent of fuels used in the UK, including sustainably sourced low carbon alternatives such as hydrotreated vegetable oil (HVO).
We continue to focus on improving operational energy efficiency while increasing the generation and purchase of renewable electricity. We are also trialling battery storage technologies.
We have achieved Energy Star certification at The Cooper, Chicago, the first in our plan to target Energy Star ratings across the multifamily portfolio.
We continue to collaborate with our suppliers to progressively source and procure low embodied carbon materials and our supply chain team is establishing a cohort of Mission Zero aligned supplier partnerships.
We are targeting an average 40 per cent Portland cement replacement across all three residential towers at One Sydney Harbour. It is estimated that this will reduce overall embodied carbon emissions by up to 10 per cent against standard construction practice.
INDUSTRY TRANSFORMATION
Meaningful, lasting change is a global challenge. We’re learning from and inspiring clients, partners, tenants and our supply chain to help achieve the radical industry transformation we need.
We’re on our way, with some brilliant partners.
CLIMATE RESILIENCE
Lendlease recognises the risks and opportunities associated with climate change. Climate related risk is embedded in our strategic and business planning cycles and all projects and investments conduct climate related risk assessments. Climate change adaptation and mitigation plans inform development, construction and operation of the buildings and places we create. Since 2018 we have been disclosing our exposure and resilience to climate change through the lenses of governance, strategy, risk management, and metrics and targets, prepared in accordance with the Task Force for Climate-related Financial Disclosure (TCFD) recommendations...
News & Insights
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12 Oct 2023
Let’s talk about Scope 3 emissions: the next critical phase in decarbonising the real estate sector.
Let’s talk about Scope 3 emissions: the next critical phase in decarbonising the real estate sector.
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19 Sep 2023
Lendlease calls on industry to tackle built environment’s biggest carbon challenge
New protocol for Scope 3 emissions seeks to spark global collaboration, to accelerate the pace and scale of decarbonisation across the real estate sector.
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14 Sep 2023
Can sustainable housing alleviate the cost-of-living challenge?
What does sustainability really mean for our customer? Is it more about making homes cheaper to live in? We delve into some of the newer ways of making our homes more comfortable and efficient while considering sustainability's dual benefits for the planet and our finances. Hear from our product housing expert Anthony Lillis
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12 Jul 2023
Paya Lebar Green to comprise the most sustainable retrofitted building in Singapore
Paya Lebar Green has been awarded the Building and Construction Authority (BCA) Green Mark Platinum Super Low Energy certification as well as achieved all five sustainability badges under the latest Green Mark 2021 scheme.
