Lifestyle Communities has set a target to achieve net zero operational emissions by 2035, focusing on reducing Scope 1 and Scope 2 emissions through the use of solar PV and green power. The company aims to improve efficiency in new and existing communities, generate 100% electric new developments, and progressively upgrade equipment at older communities to enhance efficiency. Additionally, Lifestyle Communities plans to measure, report, and track emissions every year, funding high-quality offsets for emissions that are difficult to reduce.
Material actions and disclosures
Lifestyle Communities is committed to addressing both physical and transition climate risks. The company screens potential site acquisitions to avoid high-risk sites, directs maintenance capital spend towards high-risk communities, and regularly reviews emergency management procedures. It also monitors climate-related risks and opportunities in community planning, design, and operational decision-making.
Forward commitments
The company aims to continue rolling out more sophisticated solar technology and improving the accuracy of the reporting process. Lifestyle Communities also plans to continue developing reporting frameworks and mechanisms to meet new climate disclosure requirements.