>

>

Lendlease to commit to net zero carbon emissions by 2025

By Valerie Kor

/ EdgeProp Singapore |

November 27, 2020 12:03 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Lendlease has announced its commitment to work towards two carbon targets: net zero carbon by 2025 and absolute zero carbon by 2040. Its goal is to become a 1.5°C-aligned company.

The company will undertake five key steps towards these two goals. First, it will create a decarbonisation investment strategy, which will be guided by Lendlease’s targets, business strategy and development pipeline.

Second, it will phase out diesel and gas, and focus on fuel switching and electrification in the operation of its assets and developments. Third, Lendlease will transition to 100% renewable electricity by 2030 through a combination of onsite renewable technologies, as well as the purchase of renewable electricity and renewable energy certificates.

Fourth, it will collaborate with supply chain partners to “create digitally enabled supply chains to drive circular economy outcomes”. Lastly, it will collaborate with tenants and residents to transition to renewable energy.

As a testament to the firm's commitment to sustainable goals, Lendlease’s funds, such as Lendlease Global Commercial REIT (LREIT), Lendlease Jem Partners (LLJP) and Parkway Parade Partnership, have ranked among the top spots in the 2020 the Global Real Estate Sustainability Benchmark (GRESB) rankings in the Asia Retail category.

Read more: Frequent cleaning and high indoor air quality the benchmark at malls, hotels

The GRESB is an investor-driven benchmark and reporting framework for the global real estate and infrastructure industry based on environmental, social and corporate governance performance.

Kelvin Chow, CEO of Lendlease Global Commercial Trust Management, says that LREIT strives to create long-term value for stakeholders and provide a strong competitive advantage, given the increased demand for sustainable assets.

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

World’s largest Mercure Hotel opens on Club Street

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00