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Lendlease Sustainability Actions

Reached net zero for Scope 1 and 2

By the end of FY25, Lendlease said it had reached net zero for Scope 1 and 2 emissions, which are the emissions from its own operations and the energy it buys. It said gross Scope 1 and 2 emissions fell by 89% from a FY20 baseline. The company also said it now buys 100% renewable electricity for all operations and uses Australian nature-based carbon offsets for the remaining Scope 1 emissions. Offsets are projects used to balance out emissions that cannot yet be removed.

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Launched Mission Zero in 2020

In 2020, Lendlease launched Mission Zero, its climate plan for cutting carbon across the business. It says the plan is aligned with the Paris Agreement goal of limiting warming to 1.5°C and has been verified by the Science Based Targets initiative (SBTi), a group that checks whether company targets match climate science. The plan covers Scope 1, 2 and 3 emissions, with Scope 3 meaning emissions in the wider value chain, such as suppliers and customers.

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Published sustainability reporting

Lendlease says it publishes an Annual Report, Sustainability Report and ESG Databook. ESG means environmental, social and governance, which is a way of tracking how a company affects people and the planet and how it is run. It also says its Sustainability Report follows Australian Sustainability Reporting Standards (AASB S2), and that it reports on modern slavery and its United Nations Global Compact progress. This suggests a fairly broad reporting setup, not just a climate-only one.

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Built Green Star projects

The company says several of its projects have earned high Green Star ratings from the Green Building Council of Australia. These include Powerhouse Parramatta, which was assessed as a 6 Star Designed project, and Melbourne Quarter Tower, which achieved a 6 Star Green Star Design & As Built v1.2 rating. Green Star is a building rating system that checks how well a project performs on sustainability, including energy, materials and indoor environment.

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Expanded nature and biodiversity work

Lendlease says nature is one of the six focus areas in its Sustainability Framework. It is carrying out a Nature & Biodiversity strategic review using the TNFD LEAP approach, which is a method for finding how a business affects and depends on nature. It also says it joined TNFD as a Forum Member. The company gives examples such as living seawalls at Barangaroo and tree retention and planting at Elephant Park, showing work aimed at habitat creation and biodiversity support.

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Used social value partnerships

Lendlease says its Foundation works with business segments to increase social and environmental outcomes through Community Grants, Community Day and Community Connect. It also says the Foundation helped deliver its Social Value target in FY25. In the Lendlease REIT material, partnerships with AWWA, Project Dignity, the National Neuroscience Institute Fund and the Disabled People’s Association are described as ways to support inclusion, skills, health awareness and accessibility. Social value means benefits for communities beyond direct financial return.

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Joined industry climate initiatives

The company says it works with industry bodies and partners to share learning and improve practice. The content shows it has been involved with the World Green Building Council’s Advancing Net Zero programme, the United Nations Global Compact, the Principles for Responsible Investment, and the Task Force on Climate-related Financial Disclosures (TCFD), which is a framework for reporting climate risks. These memberships suggest active participation in wider sustainability standards and sector change.

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