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Lendlease

PRI reporting framework 2017

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Property monitoring and management

PR 12. Proportion of assets with ESG targets that were set and monitored

New selection options have been added to this indicator. Please review your prefilled responses carefully.

12.1. Indicate the proportion of property assets for which your organisation, and/or property managers, set and monitored ESG targets (KPIs or similar) during the reporting year.

(in terms of number of property assets)

12.2. Indicate which ESG targets your organisation and/or property managers typically set and monitor

Target/KPI
Progress Achieved
          base building/common area electricity consumption intensity
        
          Whole building water consumption intensity
        
          Primary recycling rate
        
          -11.7% (73.01 kWh at end 2016 vs. 82.64 kWh in FY14 baseline).
        
          0% (0.758 KL at end 2016 vs 0.758 KL in FY14 baseline).
        
          -0.6% (65.3% at end 2016 vs. 64.7% in FY14 baseline).
        
Target/KPI
Progress Achieved
          Tenant satisfaction surveys issued
        
          Tenant satisfaction survey response rate
        
          Number of community engagement activities
        
          Surveys are issued to most tenants.
        
          We believe the response rate is in the order of 30-50%.
        
          Extensive community engagement across retail and commercial assets.
        
Target/KPI
Progress Achieved
          Green leases executed in 2016 (percentage of leasing activity)
        
          Asset and portfolio level certification targets (GRESB, Green Mark, Green Star, GBI, NABERS, LEED, BREEAM)
        
          Assets with a Climate resilience and adaptation assessment completed
        
          Most tenants
        
          - GRESB target (Australia core funds, top 5)
- NABERS office (5.1 Star Energy, 4.7 Star Water)
- NABERS retail (4.5 Star Energy, 4 Star_Water).
        
          30 assets (all Australia retail, office).
        

12.3. Additional information. [Optional]


PR 13. Certification schemes, ratings and benchmarks

13.1. Indicate whether your property assets are assessed against certification schemes, ratings and/or benchmarks

13.2. List the certification schemes, ratings and/or benchmarks your property assets are assessed against and what proportion of your property assets they apply to.

Specify
          NABERS Energy and Water
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Green Star (Design & AsBuilt, Performance)
        
Proportion of property assets these apply to

(in terms of number of property assets)

Specify
          Green Mark (Singapore) & GBI (Malaysia)
        
Proportion of property assets these apply to

(in terms of number of property assets)

13.3. Additional information.

Tower 1, International Towers Sydney at Lendlease's Barangaroo South development achieved 6 star Green Star certification during the reporting period, and a significant number of NABERS Energy and Water ratings were undertaken across the retail and office portfolios.

Green Star Performance which considers the sustainability operation of buildings were improved for the APPF Commercial Fund (portfolio average of 3 Star) whilst APPF Retail's Green Star Performance remained stable.

NABERS and Green Star certifications are undertaken annually.

Lendlease's focus on Green Mark in Singapore continued with Parkway Parade, 313@Somerset and JEM maintaining its Platinum certification. Setia City Mall in Malaysia maintained its Gold Green Mark certification.

In addition to the local rating schemes noted above, it is important to note that Lendlease's internally managed property funds participate in the Global Real Estate Sustainability Benchmark (GRESB) survey on an annual basis. In 2016, Lendlease's property funds achieved several GRESB global and regional leadership positions including Global developer assessment first (LLITST) and second (LLOITST) place developer assessment, Asia retail first (ARIF2) and second place (ARIF1), Australia retail first (LLSRF) and second (APPF Retail), Australia industrial first (APPF Industrial).


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