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Lendlease

PRI reporting framework 2018

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Innovation

SG 18. Innovative features of approach to RI

18.1. Indicate whether any specific features of your approach to responsible investment are particularly innovative.

18.2. Describe any specific features of your approach to responsible investment that you believe are particularly innovative.

Lendlease considers that its culture of safety and sustainability across its Investment Management business is innovative. Its approach to the delivery of its incident and injury-free aspiration, which includes its Health and Safety Management System and its Global Minimum Requirements (GMR) for Health, Safety and the Environment, is industry leading.

Furthermore, Lendlease Group's Sustainability Framework aims to provide discipline and focus for all its efforts and activities on what matters most to Lendlease and its stakeholders. At the core of the strategy remains the recognition that people are at the heart of why, how and what Lendlease does. It has adopted an integrated approach that encompasses environmental, social and economic performance. The Sustainability Framework identifies twelve material elements underpinned by twelve longer term goals. Each of the longer term goals is linked with a clear target, allowing Lendlease to measure progress and performance over time. Lendlease's Responsible Property Investment Policy is aligned with this framework. Further details can be found on the Lendlease website http://www.lendlease.com/company/sustainability/our-approach/#/section/anchor-sustainabilityframework?animate=true

Lendlease's commitment to developing fund specific sustainability strategies which respond to the objectives of the group-wide Sustainability Framework is also considered innovative. The strategies are required to set asset and fund level commitments and targets, and also require each fund to undertake asset and fund level environmental ratings where appropriate.

In 2017, Lendlease Investment Management was one of only 16 of 91 asset managers to score above 80 percent on ESG integration by the Responsible Investment Association Australasia (RIAA). It was also ranked as the fund manager with the most AUM being managed in accordance with responsible investment principles.

In 2016, Lendlease Investment Management’s Australian business commenced a collaborative approach between tenants of the industrial and retail tenancies to seek electricity usage information from tenants to assist in a benchmarking initiative. This initiative helped to provide insights for tenants as well as engage in a conversation about sustainability that, for several tenants, has translated to energy efficiency upgrades that will provide positive environmental and commercial outcomes. Further, the insights to the extent and profile of electricity usage from occupants is assisting to inform the potential and commercial feasibility of solar renewables for the Australian industrial portfolio.

18.3. Additional information.


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