Climate Policy Engagement Analysis
Climate Policy Engagement Overview: Lendlease appears to have communicated a positive top-line position on climate policy, although its engagement with climate policy in general seems very limited.
Top-line Messaging on Climate Policy: As of September 2021, Lendlease has acknowledged the science of climate change on its webpage labeled 'Mission Zero' and stated support for limiting global warming to under 1.5ºC on its sustainability page. Same position has also been communicated in its 2020 press release. The company appears to have been supportive of government regulations to respond to climate change between 2019 and 2020, according to external reporting. However, in an article authored by the general manager of Lendlease Boston published in June 2021, the company warned against adding "new, more onerous, regulations to specifically address climate change."
Engagement with Climate-Related Regulations: Lendlease published a paper called "Low Embodied Carbon in Construction Materials, What's Stopping Us?" where it pointed out the lack of government policy on carbon price to address carbon intensity of products and materials. Beyond this, the company does not seem to have engaged on other climate policies.
Positioning on Energy Transition: Lendlease appear to have a minimal engagement with policy surrounding the future energy mix. However, within the 2020 embodied carbon study, it does state how considerable investment is needed in clean energy in order to avoid emissions from building product manufacturing. However, no details were given surrounding if Lendlease intended to lobby for this issue.
Industry Association Governance: As of September 2021, Lendlease does not appear to have disclosed a list of its memberships to industry associations and shows no transparency on its indirect influence towards climate policy. Nevertheless, Lendlease is a member of the Business Council of Australia, a trade association that has traditionally engaged in obstructive lobbying on climate policy.