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Lendlease

PRI reporting framework 2017

You are in Strategy and Governance » Promoting responsible investment

Promoting responsible investment

SG 09. Collaborative organisations / initiatives

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

09.1. Select the collaborative organisation and/or initiatives of which your organisation is a member or in which it participated during the reporting year, and the role you played.

Select all that apply

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In November 2007, Lendlease's investment management business became one of the first property investment managers to become a signatory to the Principles for Responsible Investment (PRI).

Lendlease participates in regional PRI events and activities, and attended the PRI in Person conference in September 2015. Lendlease employees have also presented at PRI events.

Lendlease Investment Management has responded to the PRI survey every year since 2008.

 

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease Investment Management (LLIM) has participated in the annual GRESB survey since its inception. The organisation has proactively provided feedback to the administrators both directly and via local peak industry bodies with a view to improving the survey for all participants.

In 2013, LLIM became corporate members of GRESB. Membership has allowed LLIM to participate in the regional Benchmark Committee, which is a formal working group that has a voice in GRESB's development and which contributes to further Survey improvements. In 2016, LLIM also participated in GRESB's Industry Working Groups.

In 2016, LLIM was recognised as a leader in responsible property investment by GRESB with six of its property funds achieving global or regional leadership status.

Lendlease's Josh McHutchison and Simon Wild were keynote speakers at the 2016 GRESB results launches in Australia (Sydney) and Asia (Singapore) respectively.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease Investment Management is a member of the Investor Group on Climate Change (IGCC), Australia/New Zealand.

Lendlease's Head of Sustainability, Property Australia (Rowan Griffin) chairs the IGCC's Property Working Group and Lendlease employees participate in the Adaptation Working Group, IGCC presentations, events and other initiatives. Its regional offices are part of other locally-focussed initiatives.

          Responsible Investment Association Australasia (RIAA)
        

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease participates in RIAA conferences, events and other activities.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease became formal signatories to United Nations Environment Program Finance Initiative (UNEP FI) in 2010 and have participated in UNEP FI Property Working Group (PWG) activities since 2008. The UNEP FI Property Working Group (PWG) promotes responsible property investment that achieves the best possible environmental, social and financial results.

Participation in the PWG has included contributing to important UNEP FI papers, attendance at face-to-face meetings and roundtables, and participation in regular teleconferences.

Your organisation’s role in the initiative during the reporting period (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease Group has a formal commitment to the UN Global Compact.

It supports the ten principles of the Global Compact and intends to implement the principles across its operations.

Lendlease has become a Compact Network member in Australia and has already hosted an external stakeholder event on Human Rights in the Construction supply chain. The event was attended by NGOs, clients, project partners and investors.

          City of Sydney's Better Buildings Partnership
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

In March 2011, Lendlease Investment Management (LLIM)’s Australian business became a founding member of the City of Sydney's Better Buildings Partnership (BBP). Through this program, LLIM will endeavour to support the City of Sydney's target to reduce its greenhouse gas emissions by 70 per cent by the year 2030 (based on 2006 levels). The partnership aims to develop collaborative solutions and initiatives to overcome barriers and achieve substantial improvements in the environmental performance of buildings.

Lendlease employees currently participate in all BBP working groups. As founding members, LLIM is also a member of the BBP's Leadership Panel.

          Property Council of Australia, Asia Pacific Real Estate Association (APREA)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease actively participates in all Property Council of Australia sustainability related advocacy, committees, roundtables and working groups, and is currently chairing the New South Wales Asset Management & Sustainable Development Committee. Additionally, Lendlease participate in the National Sustainability Roundtable, Industrial, Future Directions, Diversity, Commercial Office and Division Council and Risk Roundtable. These committees incorporate a sustainability agenda at proceedings.

Lendlease is represented by its CEO Property on the Board of Directors of the Property Council of Australia.

Lendlease is also an active participant in the APREA Sustainability and ESG Roundtable.

 

          Regional Green Building Councils and the World Green Building Council
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease contributes significantly to regional Green Building Councils, globally, by providing trustees for corporate boards through to tool development working groups and certification processes.

Lendlease is a founding member of green building councils in the USA, UK, UAE, Argentina, Australia, Malaysia and Singapore.

Lendlease is the Regional Manager for the World Green Building Council (WBGC)'s Asia Pacific Network which aims to facilitate collaboration across Asia Pacific country Green Building Councils leading to knowledge sharing and advancing Green buildings movement in the region. Lendlease's Global Head of Sustainability is also a member of the WGBC's Corporate Advisory Board.

Lendlease has also assisted with establishment of green building councils in Spain, Romania, Netherlands, Poland, Italy, China and Malaysia, New Zealand and South Africa.

The Head of Sustainability, Property Australia chairs the Green Star Steering Committee for the Green Building Council of Australia.

The Head of Sustainability, Asia is a member of the Singapore Green Building Council Better Places for People Committee.

          ANREV (the Asian association for Investors in Non-listed Real Estate Vehicles)
        

Your organisation’s role in the initiative during the reporting year (see definitions)

Provide a brief commentary on the level of your organisation’s involvement in the initiative. [Optional]

Lendlease actively participates in ANREV's sustainability committee.

Lendlease has contributed to the development of several case studies that have been shared with the ANREV network.


SG 10. Promoting RI independently

10.1. Indicate if your organisation promotes responsible investment, independently of collaborative initiatives.

10.2. Indicate which of the following actions your organisation has taken to promote responsible investment, independently of collaborative initiatives.

10.3. Describe any additional actions and initiatives that your organisation has taken part in during the reporting year to promote responsible investment [Optional]

Lendlease Investment Management Australia's Managing Director (Josh McHutchison) was the keynote speaker at the GRESB Oceania results launch in September 2016 and also featured in the Private Equity Real Estate (PERE) magazine December 2016 publication.

Lendlease’s Head of Sustainability, Asia (Simon Wild) was the keynote speaker at the GRESB Asia results launch in September 2016.

Lendlease launched and hosted the UNEP-FI Sustainable Real Estate Investment: Implementing the Paris Climate Agreement.

Lendlease Investment Management Australia's Jon Collinge has publicly promoted responsible investment at multiple public events including those held by Swiss Re and other client and stakeholder forums.


SG 11. Dialogue with public policy makers or standard setters (Private)


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