By taking steps to measure, reduce and report its Scope 3 emissions, the real estate investor and manager is leading change and amplifying an industry-wide sustainability call to action.
In the redevelopment of Singtel’s Comcentre headquarters, Lendlease and Singtel are collaborating with supply chain partners to integrate low-carbon concrete and steel. Artist's impressions, infographic and photo: Lendlease , is like training for a major sporting event – a journey that demands clear goals, unwavering determination and significant time investment.
“Increasing the pace and scale of decarbonisation is key to achieving the Paris Agreement’s goal of limiting global warming to 1.5 degrees Celsius,” said Mr Okeby. He added that Lendlease, an Australian-headquartered international real estate investor and manager, is focused on reducing emissions across three sources: Direct emissions from owned or controlled sources , indirect emissions from purchased electricity and indirect emissions spanning its value chain .
The interconnected nature of all three scope types means reducing Scope 3 emissions across the industry is essential for achieving successful decarbonisation throughout the entire value chain. For example, when Lendlease purchases low-carbon steel, it not only lowers its own Scope 3 emissions but also encourages suppliers to adopt low-carbon practices, which can help reduce their Scope 1 or 2 emissions.
Said Mr Okeby: “We believe an industry-wide focus on Scope 3 emissions will encourage stronger cooperation across the value chain, send a powerful market signal to support investment in harder-to-abate sectors and initiate the next crucial phase in decarbonising the entire building system.”The Scope 3 Protocol reveals that the majority of Lendlease’s Scope 3 emissions come from the materials it purchases, such as steel, cement, glass and aluminium.
Similarly, in the redevelopment of Singtel’s Comcentre headquarters, Lendlease and Singtel are working closely with supply chain partners to incorporate low-carbon concrete and steel, with a goal of reducing embodied carbon by up to 30 per cent.
Scope 3 Emissions Sustainability Green Buildings
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