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 provided clear ESG guidelines, objectives, commitments and targets for each Lendlease managed property fund.
Lendlease's Code of Conduct commits Lendlease 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 to Lendlease 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 ante-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.