Lendlease launches new protocol addressing Scope 3 emissions 0

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At Climate Week NYC, an annual climate event organised by international non-profit Climate Group in partnership with the United Nations General Assembly, Lendlease unveiled a new protocol aimed at Scope 3 carbon emissions. The protocol seeks to accelerate the pace and scale of decarbonisation across the real estate sector, with the built environment contributing approximately 40% of global carbon emissions.

Scope 3 emissions refer to the indirect emissions in a company’s value chain which are generated in upstream activities such as the manufacturing of building materials, or downstream emissions from business travel or tenant power consumption. In comparison, Scope 1 emissions are direct emissions from company-controlled resources such as fuels, while Scope 2 emissions are those from energy purchased from a provider, such as electricity used by the company.

The protocol seeks to shine a light on Scope 3 emissions as they usually make up the majority of an organisation’s carbon footprint, and are challenging to address due to a lack of guidance on reporting boundaries. Lendlease’s protocol aims to define what should be tracked, measured and reported for Scope 3 emissions, so as to better understand and address them.

At Lendlease, Scope 3 emissions make up 90% of its total carbon emissions globally. As part of its decarbonisation initiatives, the firm aims to achieve net-zero carbon for Scope 1 and 2 emissions in Asia by 2025, and to reach absolute zero, which includes eliminating Scope 3 emissions, by 2040.

To measure Scope 3 emissions from purchased goods, for example, Lendlease’s protocol defines a reporting boundary that includes building materials bought directly or through subcontractors at the product stage.

Cate Harris, Lendlease’s group head of sustainability and Lendlease Foundation, says that the protocol is intended to spark conversation and engagement across the real estate sector on how to account for and report on Scope 3 emissions.

“If we can achieve this, then we can collaborate as an industry to solve the two big systemic challenges: the decarbonisation of harder to abate materials, and the digitisation and sharing of Scope 3 emissions data,” she adds.

The built environment contributes significantly to global carbon emissions, making it highly important to understand and address Scope 3 emissions, which usually make up the majority of an organisation’s carbon footprint. To this end, Lendlease has unveiled a new protocol at Climate Week NYC that seeks to accelerate the pace and scale of decarbonisation across the real estate sector.

The protocol looks to define what should be tracked, measured and reported for Scope 3 emissions, and to help better understand how to account for and report on them. Lendlease has set itself ambitious goals to achieve net-zero carbon for Scope 1 and 2 emissions in Asia by 2025, and to reach absolute zero, which includes eliminating Scope 3 emissions, by 2040.

Cate Harris, Lendlease’s group head of sustainability and Lendlease Foundation, believes that the protocol will help spark conversations and engagement across the real estate sector on how to reach these goals. “If we can achieve this, then we can collaborate as an industry to solve the two big systemic challenges: the decarbonisation of harder to abate materials, and the digitisation and sharing of Scope 3 emissions data,” she says.