Lend Lease (ASX:LLC) continues to be one of the more responsible and sustainable property developers and construction managers in Australia. It has set 20% reduction targets (by 2020 from a FY14 base line) for water, waste and energy reduction.
In its FY17 annual report it provides a quantitative update (cumulative 18% for energy, 6% for water and 15% for waste). It engages KPMG to provide an external Limited Assurance sign off. In addition it is trying new approaches to construction such as the use of Engineered Timber and other innovative products.
If you’ve been to a Lend Lease designed and constructed project lately (for example Barangaroo in Sydney) you’ll notice the care taken by the company in creating the overall commercial and public spaces. Lend Lease is within the investment universe of the Ethical Partners Australian Share Fund.
