Sustainability at Lendlease is guided by our Sustainability Framework and industry-leading sustainability targets launched in 2020.
We are a 1.5 degree aligned company and we aim to create $250 million of social value by 2025.
Our bold sustainability targets are more than just headlines. We have clear decarbonisation plans in place and we measure the positive impact we are making in communities around the world.
The sustainability credentials and outcomes of our investments and projects globally are a competitive differentiator and help generate long term value for our stakeholders.
Our sustainability commitments and expertise position us as a partner of choice, helping us attract and retain the brightest minds, and fuelling innovation across our business.
Highlights
AUSTRALIA
On the Watermans Residences tower at One Sydney Harbour, we deployed electric construction plant and equipment and analysed the implications of switching from diesel to electric concrete pumping. We shared our findings in The Electric Edge report, published in conjunction with University of Queensland.
AMERICAS
As investors become increasingly climate-conscious, demand for greater sustainability efforts in the built environment has risen exponentially. With construction materials accounting for 11% of carbon emissions globally, and concrete being the most widely used construction material in the world, Lendlease saw the clear need to innovate around low carbon concrete.
ASIA
LREIT obtained a S$860 million unsecured Sustainability-Linked Loan bolstering efforts in minimising its carbon footprint by pegging the interest rate on this loan to LREIT’s tangible improvements on predetermined sustainability performance targets.
EUROPE
Lendlease launched BeOnsite in 2007 and the organisation is dedicated to helping people from disadvantaged groups find work in the construction industry. BeOnsite recently won a prestigious Queen’s Award for Enterprise in the category of promoting opportunity through social mobility.
GLOBAL
Our Absolute Zero by 2040 target is industry leading and bold. It is a target focused on eliminating, rather than just offsetting, the Scope 1, 2 and 3 emissions within the boundaries we have defined as being relevant to our value chain.
The Lendlease Scope 3 Emissions Protocol v.1 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.
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Climate & EnvironmentWe have set ourselves ambitious science-based emissions reduction targets, validated by the Science Based Target initiative.
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Social ValueWe are aiming to create $250 million of social value by 2025 via shared value partnerships funded by Lendlease Foundation.
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Nature & BiodiversityWe recognise the finite nature of our planet and its resources, and actively advocate for a healthy planet and healthy people.
We are linking sustainability outcomes with our financing facilities.
We are guided by our global Sustainability Framework, which prioritises environmental and social focus areas under three sustainability imperatives.
Meet Lendlease’s Sustainability leadership team and members of the Sustainability Committee of the Board.
We continue to evolve our sustainability reporting and climate-related impact disclosures.
Sustainability has always been a core operating principle
The legacy of our founder, Dick Dusseldorp, continues to inspire our people as we strive to create environmental and social outcomes alongside economic outcomes.
We partner with clients, industry associations, our supply chain and other leading organisations to create a sustainable future for all.
Our environmental, social and governance (ESG) datasets, related public policies and governance oversight as well as our cumulative TCFD reporting.
External collaboration
We continue to work with industry bodies, initiatives and partners to share our learnings and to actively engage in the development of industry best practice.
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Lendlease has been a signatory since FY08. Recognised as a Global Leader by the UN Principles of Responsible Investment for disclosure and strategy in the area of Climate Change.
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Since 2018 we have prepared annual disclosures that responded to the recommendations from the TCFD. We have now begun our transition to the Australian Sustainability Reporting Standards. Our climate-related disclosures are in our ESG Databook.
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Since 2014 Lendlease has been committed to the UNGC and supports its ten principles in the areas of human rights, labour, the environment and anti-corruption. Our annual Communication on Progress provides a report on the actions we’ve taken to further improve the integration of the Global Compact and its principles into our business strategy, sustainability imperatives and the way we work.
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We've joined Race to Zero, a UNFCCC initiative to rally support from business, cities, regions and investors for a zero carbon recovery.
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As a 1.5 degree aligned company, we've joined industry leaders and businesses who are setting science-based emission reduction targets. The Science Based Targets initiative has validated that Lendlease’s carbon reduction targets are 1.5 degree aligned and conform to SBTi Criteria and Recommendations (v4.2).
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Lendlease has reviewed each SDG to assess its alignment with the Lendlease Sustainability Framework and our core business activities. We’ve identified 12 goals that are directly relevant to our daily operations and where we have the greatest opportunity to influence change and generate positive outcomes.
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15 Feb 2024
Lendlease Europe taking action to meet Mission Zero goals
Real estate group confirms its European emissions continue to fall in latest progress report
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12 Dec 2023
Lendlease joins forces with Housing Action Lab to tackle Australia’s housing affordability challenges
A new pioneering partnership exploring housing solutions in Australia
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14 Nov 2023
Lendlease multifamily and life science funds recognized by GRESB for superior ESG performance
Firm secures top spots for residential and life science partnerships from world’s most-respected ESG reporting standard, boosting Lendlease’s track record of environmental and social excellence.
