An eco-boost – Lendlease and WorldGBC to create net zero built environment

An eco-boost – Lendlease and WorldGBC to create net zero built environment


Todays other news
There’s been a small improvement in the supply-demand ratio...
The most detailed analysis yet of 2025 property investment potential...
There's already been a surge of interest from ultra-wealthy US...
There will be a series of 15 minute information sessions...
Expert advice on what to go for (and what to...


Lendlease, an international real estate and investment group, has partnered with the World Green Building Council (WorldGBC) on its Advancing Net Zero climate action programme.

The company has signed up to support the programme’s goal of decarbonising the sector by 2050 – an aim that requires transformation in the way that buildings are designed, built, operated and constructed.

Advancing Net Zero aims to support work that will mean new buildings achieve the highest performance standards in sustainability, and where existing buildings are retrofitted to net zero standards.

The programme works with Green Building Councils to:

  • Develop tools and resources

  • Promote the urgency and achievability of net zero

  • And strengthen industry capacity to deliver them

The building and construction sector is a major contributor to global energy use, carbon emissions and resource consumption. As a result, it has an enormous and untapped potential to contribute to the fight against climate change and promote economic recovery.

The WorldGBC says it is committed to promoting the sector’s ambition, action and ongoing advocacy for bolder and more ambitious regulation, and hopes to bring these solutions into public discussion in the lead up to COP26 in November 2021.

This includes encouraging major businesses to join the Race to Zero — such as Lendlease have, in recognition of their global target of becoming a 1.5°C aligned company in their Roadmap to Absolute Zero Carbon.

Lendlease is also a signatory to WorldGBC’s Net Zero Carbon Buildings Commitment, which recognises leadership action from businesses, organisations, cities, states and regions in delivering net zero operational buildings across their own portfolios by 2030, and to advocate for all buildings to operate at net zero by 2050.

It says the move is helping to stimulate the innovative approaches, solutions and business models necessary to achieve total decarbonisation by 2050, in line with WorldGBC’s whole life carbon vision

Cristina Gamboa, chief executive officer of World Green Building Council, says: “By partnering with Advancing Net Zero, Lendlease is amplifying WorldGBC’s efforts to drive a more sustainable built environment.”

“Their partnership helps promote and increase the industry’s role in tackling the climate emergency in two ways — by extending collective impact beyond operational carbon into embodied carbon, and outlining the actions and policies needed to create systemic change.”

She adds: “Lendlease’s support and actions as Commitment signatories and joining the Race to Zero demonstrates industry willingness to meet their obligations towards responsible business operations, and preparedness for the bolder and more ambitious regulation we hope to see from policymakers.”

Lendlease is committed to only owning, occupying and developing net zero carbon operational assets across the business by 2025, and reaching absolute zero carbon by 2040 without the use of offsets.

The firm has been named the world’s most sustainable property fund five times in the annual GRESB real estate assessment.

Lendlease Europe and four individual Lendlease REITs/funds in Australia are signatories to the Net Zero Carbon Buildings Commitment.

Cate Harris, group head of sustainability at Lendlease, explains: “We have set ambitious and industry-leading emissions targets to achieve net zero carbon scopes 1 and 2 by 2025 and absolute zero-carbon scopes 1, 2 and 3 by 2040 and so we welcome the opportunity to also pledge our support to the World Green Building Council’s Advancing Net Zero climate action programme, to help bring others in our sector on this journey.”

“There’s never been a more important time for our industry to come together to set ambitious carbon targets and collaborate to drive meaningful action. With the built environment contributing around 40% of global greenhouse gas emissions we have an important responsibility to act.”

She concludes: “Sustainability has always been a part of how we do business at Lendlease and we see both the need and the opportunity to play a pivotal role in helping transform our sector.”

Share this article ...

Join the conversation: Login and have your say

Want to comment on this story? Our focus is on providing a platform for you to share your insights and views and we welcome contributions. All comments are screened using specialist software and may be reviewed by our editorial team before publication. Property Investor Today reserves the right to edit, withhold or delete comments that violate our guidelines, including those that harass, degrade, or intimidate others. Users who post such content may be banned from commenting.
By commenting, you agree to our Commenting Terms of Use.
Recommended for you
Related Articles
Brent Cross Town is a 180-acre new park town development...
Property consultancy Carter Jonas has conducted a substantial new analysis...
Housebuilder Crest Nicholson is hosting a pre-launch event at its...
Landlords and property developers can access a free course from...
The Budget has forced a revision of forecasts for the...
There’s a warning that over 130,000 commercial properties are ‘at...
The Budget next week could spell financial shock for investors,...
Recommended for you
Latest Features
There’s been a small improvement in the supply-demand ratio...
The most detailed analysis yet of 2025 property investment potential...
There's already been a surge of interest from ultra-wealthy US...
Sponsored Content
Are you concerned about rising interest rates and their potential...
In the ever-evolving landscape of property investment, staying ahead of...
Property investors, This one's for you. Lendlord's latest Deal Analyser...

Send to a friend

In order to send this article to a friend you must first login. Click on the button below to login or sign up.

No one likes pop-ups ...
But while you're here