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PRI reporting framework 2017

You are in Strategy and Governance » Investment policy

Investment policy

SG 01. RI policy and coverage

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

01.1. Indicate if you have an investment policy that covers your responsible investment approach.

01.2. Indicate the components/types and coverage of your policy.

Select all that apply

Policy components/types

Coverage by AUM

          Reporting against Fund & Corporate targets

01.4. Indicate what norms you have used to develop your investment policy that covers your responsible investment approach.

other (1) description

          PRI principles

other (2) description

          UNEP Finance Initiative Guidelines

01.6. Provide a brief description of the key elements, any variations or exceptions to your investment policy that covers your responsible investment approach. [Optional]

In line with Lendlease Investment Management (LLIM)'s signatory commitment under the United Nations supported Principles for Responsible Investment (PRI), LLIM is committed to creating value for all stakeholders in everything it does by delivering positive economic, environmental and social outcomes whilst operating in an environment that is Incident and Injury Free.

LLIM's Responsible Property Investment (RPI) Policy commits the organisation to the following actions:

1. Formally evaluating the impacts and risks of environmental, social and corporate governance (ESG) issues in its investment and management decision making;

2. Developing and implementing sustainability strategies for each of its funds, globally, that address Lendlease Group's operating principles and key sustainability focus areas;

3. Measuring and reporting on ESG criteria;

4. Using green rating tools and labels, where they exist, to benchmark and disclose the ESG performance of assets and portfolios;

5. Engaging and sharing knowledge with stakeholders on ESG issues related to responsible property investment practices, promoting the PRI;

6. Collaborating with industry bodies, government agencies and like-minded stakeholders on tools, labels and incentives which promote sustainable ESG performance in the property and investment industries.

7. Reporting progress annually against its actions.

The fund specific sustainability strategies described above provide clear ESG guidelines, objectives, commitments and targets for each Lendlease managed property fund.

Lendlease's Supplier Code of Conduct is committed to investing in “people today for their tomorrow” and fostering a culture of diversity and inclusion. This commitment includes support for responsible labour practices that contribute to the development of a fair and inclusive workplace, consistent with international standards such as the OECD Guidelines for multinational enterprises, the Universal Declaration of Human Rights, the ILO Declaration on fundamental principles and rights at work and the UN Guiding principles on business and human rights.

Suppliers are expected (at a minimum) to:

- Comply with all relevant, local and national laws and regulations with regards to employment practices, benefits, health and safety and anti-discrimination.

- Advance an inclusive workplace free of discrimination, harassment, bullying and other unlawful behaviour.

- Not use any form of child, forced or involuntary labour and abide with all international standards and domestic regulations relating to the employment of children, and have policies or procedures in place to prevent the use of suppliers of goods and services who engage in such activities.

- Respect the rights of workers to associate freely with one another and be able to communicate openly with management regarding working conditions without threat of reprisal, intimidation or harassment.

SG 02. Publicly available RI policy or guidance documents

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

02.1. Indicate which of your investment policy documents (if any) are publicly available. Provide a URL and an attachment of the document.




Other, specify (1) description

          Reporting performance against Fund & Corporate targets

02.4. Additional information [Optional].

Lendlease Investment Management (LLIM) Responsible Property Investment (RPI) Policy is underpinned by Lendlease Group's Sustainability Framework. Formalised guidelines on environmental, social and corporate governance considerations is publicly available at:

Each of the 12 sustainability elements is explained in detail along with progress made at:

SG 03. Conflicts of interest

03.1. Indicate if your organisation has a policy on managing potential conflicts of interest in the investment process.

03.2. Describe your policy on managing potential conflicts of interest in the investment process.

Lendlease Investment Management (LLIM) implements several policies that contribute to the management of potential conflicts of interest. These policies include but are not limited to the following:

- Arrangements for Managing Conflicts of Interest (Australia)
- Allocation of Property Asset Investment Opportunities in Australia
- Related Party Transactions Policy
- Core Values
- Code of Conduct
- Employee Conduct Guide
- Code of Conduct Breach Reporting Policy

Several of the policies noted above are available on the Lendlease website (under Company Policies)


03.3. Additional information. [Optional]

SG 04. Identifying incidents occurring within portfolios (Private)