Lendlease Group

Lendlease Group's reported carbon emissions

Lendlease Group, headquartered in AU, has established ambitious climate commitments, including an "Absolute Zero Carbon by 2040" target across Scopes 1, 2, and 3 emissions, with no offsets required. This long-term goal is supported by near-term commitments. For FY2025, Lendlease reported approximately 1,377.4 million kg CO2e in total emissions. This figure comprises about 23.7 million kg CO2e for Scope 1 and approximately 1353.6 million kg CO2e for Scope 3 emissions. Scope 2 emissions for FY2025 were reported as 0.0 kg CO2e. In FY2024, Lendlease's Scope 1 and 2 emissions totalled approximately 99 million kg CO2e, consisting of about 31 million kg CO2e for Scope 1 and 68 million kg CO2e for Scope 2. Scope 3 data was not disclosed for this year. Previously, in FY2023, Scope 1 and 2 emissions were approximately 80 million kg CO2e (31 million kg CO2e Scope 1, 49 million kg CO2e Scope 2). Lendlease's Science Based Targets initiative (SBTi) commitments include reducing absolute Scope 1 and 2 GHG emissions by 67.2% by FY2030 from an FY2014 base year, aligning with a 1.5°C trajectory. The company also aims to increase renewable electricity sourcing to 100% by FY2030. Furthermore, a Scope 3 target involves reducing emissions from purchased goods and services by 53% per AUD value added by FY2030, using an FY2021 base year. Near-term commitments include achieving Net Zero Carbon for Scope 1 and 2 emissions by FY2025, with any remaining emissions to be offset through an approved carbon offset scheme. Lendlease also has a commitment for assets representing over $12 billion in Gross Asset Value to operate at a net zero carbon basis by 2025.