Lendlease Annual Report 2024

Managing and measuring value 37 Environmental performance Our environmental performance data 1 disclosure is in line with our financial reporting program and provides 12 months of data to 30 June 2024, which includes actual data for Q1–Q3 and partially estimated Q4 data. Our full year environmental data will be available in our ESG Databook. Our full year environmental performance data will be available on the Lendlease website in the ESG Databook once Q4 data has been gathered and the limited assurance engagement completed. In FY24, all global lines of business were reported under an operational control boundary. In prior years, Investments were reported under an equity boundary. This shift to a globally consistent reporting boundary has resulted in an increase in emissions, energy, water and waste disposed across our business. Scope 1 and 2 carbon target performance ktCO2-eq Our gross Scope 1 & 2 emissions continue to track well below our 1.5 degree aligned trajectory. There was an increase in gross Scope 1 & 2 emissions in FY24 partly due to the reporting boundary shift for Investments. Additionally, we saw an increase in Scope 2 emissions in our Asia business due to The Exchange TRX shopping centre in Malaysia, which opened in November 2023. This was further compounded by a substantial increase in the Malaysia Scope 2 emissions factor in FY24 compared to FY23. In FY24, we offset 19 per cent of our gross Scope 1 & 2 emissions, taking our net position to 80 ktCO2-eq. FY24 Scope 1 and 2 emissions by segment Electricity used by the Investments segment is the largest contributor to our combined Scope 1 & 2 emissions. Our plans to increase the purchase of renewable electricity to achieve our target of 100 per cent renewable electricity by 2030 should significantly reduce the Scope 2 carbon emissions associated with this line of business. FY24 energy use by segment (GWh) FY23 FY24 Investments 178 264 Development 3 8 Construction 140 126 Non-Core 1 - Lendlease tenancies 5 4,824 Total 327 5,221 % of electricity use from renewable sources 63% 65% There was an increase in energy use in FY24 partly due to our reporting boundary shift for Investments. Additionally, we saw an increase in energy used in our Asia business due to the opening of The Exchange, TRX shopping centre in Malaysia. FY24 waste diverted and disposed (kTonnes) FY23 FY24 Waste disposed 29 59 Waste diverted 179 154 % waste diverted from landfill 86% 72% There was an increase in waste disposed and a reduction in the percentage of waste diverted in FY24 partly due to our reporting boundary change for Investments in addition to a shift in construction work phasing and delivery. FY24 water consumption by segment (MLitres) FY23 FY24 Investments 4,676 14,569 Development 47 125 Construction 389 302 Non-Core - - Lendlease tenancies 44 56 Total 5,156 15,051 There was an increase in water use in FY24 largely due to our reporting boundary shift for Investments. Additionally, we saw an increase in water used in our Asia business due to the opening of The Exchange, TRX shopping centre in Malaysia. 1. Some charts and tables may not sum due to rounding. ESG Databook Our full year environmental performance data is available on the Lendlease website in the ESG Databook. See more: https://www.lendlease.com/au/investor- centre/esg/