Lend Lease

Our Objective:

Achieve net zero carbon status in the management of our leased tenancies and assets under management by 2016 and minimise the embodied carbon footprint of our developments.

We support the consensus of the international scientific community that greenhouse gases from human activities are the main cause of climate change. The UK's Climate Change Programme has set stringent targets for the reduction of greenhouse gas emissions. In the property sector, these requirements are being delivered through a fast-moving and tightening regulatory and planning framework. The Code for Sustainable Homes will deliver zero carbon residential developments by 2016 and the government commitment to deliver zero carbon commercial buildings by 2018-19 will have a profound effect on our industry. The Climate Change Bill is in its final stages of parliamentary approval and will make these targets mandatory; there is also further emerging regulation such as the Carbon Reduction Commitment, a mandatory 'emissions trading' scheme in which due to our scale we will be involved in.

Lend Lease strives to be proactive in responding to the UK's commitments and therefore we have set ourselves a very ambitious objective of achieving net zero carbon status in the management of our leased tenancies and assets under management (landlord areas only) by 2016 and minimising the embodied carbon of our developments. We also understand the importance of climate change adaptation and consider this a fundamental component of a truly sustainable development. We will seek opportunities to incorporate adaptation measures into our new and existing developments and will ensure that our operations take account of climate change impacts.

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