Renewable electricity
In FY23, 30% (or more) of our base building power for all assets under our financial control will be from renewable electricity sources.
1.5°C-aligned real assets
Our vision is to live in a world warmed by no more than 1.5ºC and to be responsible for creating measured social value on the journey. As a fund manager of real estate assets, Lendlease has always integrated ESG considerations into its portfolio’s operations.
We aim to be net zero carbon in operation for Scope 1 and 2 by 2025, use 100% renewable electricity before 2030 and collaborate with our tenants to transition to renewable electricity by 2040, to achieve absolute zero carbon.
The business is also establishing net zero carbon in operation targets for our funds and portfolios on the following timing:
- 2021: Lendlease International Towers Sydney Trust (LLITST) – achieved (Climate Active)
- 2021: Lendlease One International Towers Sydney Trust (LLOITST) – achieved (Climate Active)
- 2021: Lendlease APPF Industrial
- 2025: Lendlease APPF Commercial
- 2025-30: Lendlease Retail Funds are working through roadmaps, aligned with the goal by 2025