Lendlease Annual Report 2022

42 Lendlease Annual Report 2022 Sustainability Our bold targets are more than just headlines. We have clear decarbonisation plans in place and we continue to measure the positive impact we are making in communities around the world. 42% of electricity use from renewable sources 1 in FY22 (Targeting 100% renewables by 2030) 98 ktCO2-eq scope 1 and 2 emissions 2 in FY22 • M I S S I O N Z E R O • N E T Z E R O C A R B O N B Y 2 0 2 5 • M I S S I O N Z E R O • A B S O L U T E Z E R O B Y 2 0 4 0 1.5 degree aligned Our progress Our FY22 scope 1 and 2 gross emissions continue to track below our 1.5 degree aligned target and we are making important inroads into tackling our scope 3 emissions. Our progress is underpinned by the implementation of global decarbonisation mandates which set out carbon reduction expectations across our Investments, Development and Construction segments over the next five years. The sale of our Engineering and Services businesses and the ongoing disruptions from COVID have also impacted our emissions. For more information on our environmental performance, refer to page 45. 1. Including renewable energy certificates, power purchase agreements, green power and inherent grid renewable electricity. 2. Scope 2 emissions have been calculated using the market based method, which includes the use of renewable energy certificates, power purchase agreements, green power and inherent grid renewables. More information For more information about our sustainability journey, please visit our website.