Barangaroo South Sustainability Report 2021 - 2023

Sustainability Framework and Targets At Lendlease, our Sustainability Framework and targets address the most critical environmental and social issues facing us now and in the future, focusing our efforts where the impact of our work is greatest. In 2020, we introduced two targets as the measurable objectives that complete our Sustainability Framework: • To be a 1.5°C aligned company, targeting Net Zero Carbon (Scopes 1 & 2) by 2025 and Absolute Zero Carbon by 2040 (Scopes 1, 2 & 3), within the Lendlease defined boundaries and without the use of offsets. • To create $250 million of social value by 2025, above and beyond any project or asset obligations. We are committed to leading the evolution of our industry to be truly sustainable environmentally, socially and economically. This commitment is central to our vision of creating the best places for people today and for generations to come. Creating thriving communities SUSTAINABILITY IMPERATIVES SUSTAINABLE ECONOMIC GROWTH VIBRANT AND RESILIENT COMMUNITIES AND CITIES HEALTHY PLANET AND PEOPLE SOCIAL VALUE FOCUS ENVIRONMENTAL FOCUS Resources and materials Climate action Nature and pollution Economic prosperity Community inclusion Wellbeing TARGETS Net Zero Carbon by 2025 (Scopes 1 & 2) Absolute Zero Carbon by 2040 (Scopes 1, 2 & 3) within the Lendlease defined boundaries and without the use of offsets. Assessing shared value partnerships beyond project and asset obligations WE ARE A 1.5 C ALIGNED COMPANY $250m SOCIAL VALUE BY 2025 Sustainability Report 2021–23 Barangaroo South SHAPING A SUSTAINABLE FUTURE  07