Lendlease has reported its FY26 greenhouse gas (GHG) emissions and outlined its climate-related targets, including a Net Zero Scope 1 and 2 emissions target by 2025 and an Absolute Zero by 2040 target. The company detailed its progress and plans to achieve these targets, including the use of nature-based removal offsets and a decarbonisation investment strategy.
Material actions and disclosures
Lendlease reported its FY26 Scope 1 and 2 GHG emissions at 19,991 tCO2-eq, with Scope 1 emissions (excluding biogenic emissions) at 12,906 tCO2-eq and Scope 2 emissions (market-based) at 117,149 tCO2-eq. The company also detailed its internal carbon prices set for FY26 and its progress towards achieving its 100% renewable electricity goal by 2030, five years ahead of the original timetable.
Additionally, Lendlease has set five key steps to achieve Absolute Zero Carbon by 2040, including the creation of a decarbonisation investment strategy, the phase out of diesel and gas in its operations, the use of 100% renewable electricity before 2030, collaboration with supply chain partners, and collaboration with tenants and residents to transition to renewable electricity.
The company’s progress and review of Mission Zero targets are monitored and reported to the Risk and Sustainability Committee on a quarterly basis.
Forward commitments
Lendlease has committed to achieving its Net Zero Scope 1 and 2 emissions target by 2025 and its Absolute Zero by 2040 target for Scopes 1, 2, and 3 emissions within the Group defined boundaries. The company’s Absolute Zero by 2040 target has been validated by the Science-Based Targets initiative (SBTi).
Lendlease has also set a carbon offset price schedule for FY26 to FY30, with prices ranging from $50 to $70 per tCO2-eq.
These commitments reflect Lendlease’s ongoing efforts to align with the Paris Agreement goal of limiting warming to 1.5°C.