Home » Lendlease Europe slashes emissions by ‘half in one year’

Lendlease Europe slashes emissions by ‘half in one year’

by Sion Geschwindt
Lendlease Europe slashes emissions by 'half in one year'

Lendlease Europe claims to have reduced its Scope 1 and 2 carbon emissions by more than half over the past year, it announced today.

The business also unveiled its social value approach, focusing on creating “thriving and economically prosperous communities which support and enhance people’s physical and mental wellbeing”.

The company reported a year-on-year reduction of 53% in Scope 1 and 2 emissions, from the fuels it burns and energy it procures, by switching to low carbon non-fossil fuels on construction sites, powering its business with renewable electricity, and beginning the process of decarbonising heating networks across the company’s development portfolio.

These figures were shared as Lendlease Europe published its second annual Mission Zero Progress Report.

The report highlighted the promising progress made towards achieving the short and long-term milestones set out in Lendlease Europe’s Roadmap to Absolute Zero Carbon, which was released two years ago.

The global real estate and investments group has set itself stretching carbon targets, including a commitment to being a 1.5°C aligned company, achieving Net Zero for Scopes 1 and 2 by 2025 and Absolute Zero Carbon, across all Scopes, with no excuses and no offsets, by 2040.

However, despite its progress on scope 1 and 2 emissions, approximately 99% of Lendlease’s carbon footprint derives from Scope 3 emissions, of which the vast majority comes from the embodied carbon emissions in building materials.

The firm says it is making headway to tackle this through innovative design and construction approaches and selecting lower carbon building materials.

Neil Martin, Chief Executive Officer for Lendlease Europe, said: “The progress we’ve reported against our Mission Zero Roadmap this year demonstrates how we are acting with urgency to cut carbon emissions across our business, and we’ll continue to focus on reducing them further together with our suppliers and the wider industry.

“But our environmental impact is only one part of our corporate footprint, and I’m pleased to share our experience in creating social value for the communities where we work in Europe in our first ‘Thriving Communities’ report. Delivering on both our social and environmental commitments is key to our purpose of creating places where communities thrive, now and for generations to come.”

Sarah Ratcliffe, Chief Executive Officer for the Better Buildings Partnership, added: “Lendlease’s update on its Mission Zero shows just how much can be achieved in the space of a year, with an impressive 53% reduction in Scope 1 and 2 emissions.

“While the challenge of Scope 3 looms large – constituting 99% of Lendlease’s emissions in 2022 – the variety of different approaches being employed at a project level make for encouraging reading, although there is still a long way to go.

“Alongside this, the publication of Lendlease’s ‘Thriving Communities’ report demonstrates a deepening understanding of value creation in a real estate context – the connections between the two revealing how a place-based approach to sustainability can deliver lasting impact.”

Read more: Lendlease appoints new head of data centres for Asia

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