Sustainable impact in practice

Strongly aligned to the UN Sustainable Development goals, we delve into the workings of International property and infrastructure group, Lendlease, a high performing stock within our Australian Equities Trust.

9 November 2020.

Lendlease’s core expertise is shaping cities and creating strong and connected communities.¹ The group has a strong focus on community level developments and urban regeneration projects and is committed to adhering to community and building level green certifications. Lendlease is also strongly aligned with the UN Sustainable Development Goals, particularly Goal 11; Make cities and human settlements inclusive, safe, resilient, and 13; Take urgent action to combat climate change and its impacts.

A leader in property carbon emissions management, in 2014 it committed to reduce its energy, water and waste usage by 20 per cent by 2020. Now in 2020, the group targets to be net zero carbon emissions by 2025 with an absolute zero carbon emissions by 2040. In FY19, 100% of its development pipeline achieved or targeted green ratings.

“We focus our efforts on three imperatives where the impact of our work is the greatest: Sustainable economic growth, vibrant and resilient communities and cities and healthy planet and people,” - Justin McCarthy, Head of Investor Relations.

An example of its leadership in carbon emissions management is through the project The International House Sydney, made of Cross Laminated Timber, which has 40 per cent less carbon footprint of its materials when compared to traditional construction materials.

Image Source: Slidespace²

Another example is Barangaroo South: Australia’s first completely carbon neutral precinct. Barangaroo South, with its world-class boutique stores, restaurants, waterfront living, open spaces and amenities is already an integral part of Sydney’s dynamic economic, cultural and social fabric. Its public spaces, interpretative art and unique architecture, designed with sustainability and well-being front and centre, is creating a mecca not only for visitors, but also for residents and workers as one of the world’s most desirable and sustainable places to invest, live, work and enjoy.

Image source: Architecture AU³

Lendlease continues to be an attractive opportunity for U Ethical as in addition to its strong SDG alignment, its pipeline of new projects should support earnings growth. It is also in the process of divesting non-core operations that have been a drag on recent performance.

¹ Lendlease website November 2020,
² Image source: Sidespace website 2020,
³ Image source: Architecture AU website 2020,

Important Information:

Past performance is not indicative of future performance. This material provides general information only and does not take into account your individual objectives, financial situation, needs or circumstances.

U Ethical is a registered business name of Uniting Ethical Investors Limited ABN 46 102 469 821 AFSL 294147. This document may include general commentary on investment methods, market activity, sector trends or other broad-based economic or political conditions subject to future change and should not be taken as investment advice. While the information contained in this document has been prepared with reasonable care, no responsibility or liability is accepted for any errors or omissions or misstatements however caused.

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