At Climate Week NYC, Lendlease has recently announced a new protocol to hasten the progress of real estate decarbonisation. Scope 3 carbon emissions, which are indirect emissions from a value chain, such as from business travel or tenant power consumption, make up the majority of an organisation’s carbon footprint. In order to tackle this daunting challenge, Lendlease has outlined detailed boundaries for what needs to be monitored, calculated and reported. The protocol is developed to spur conversation and participation among the industry.
Scope 3 emissions usually compose large amount of a company’s total carbon emissions, a problem made worse by a lack of reporting guidelines. By 2025, Lendlease is aiming to reach net-zero for Scope 1 and 2, a goal that will mean eliminating Scope 3 emissions by 2040.
Cate Harris, Lendlease’s Group Head of Sustainability and Lendlease Foundation, explains that the protocol requires monitored and measured product-stage building material purchases – both directly and through subcontractors – in order to calculate Scope 3 emissions from purchased good and services.
Harris adds that key to reaching their goals is digitising and sharing Scope 3 emissions data. This specific set of emissions is particularly complex, and thus elaborates on Lendlease’s groundbreaking protocol. With the help of this protocol, the collective impact of the real estate industry can be maximised, and thus significantly reduce carbon emissions.
Located in Woodlands Singapore, Woodlands Condo is within easy reach of primary and secondary schools, community centres, and a wide range of amenities. It’s also close to transport options, such as the North-South Line, Woodlands Train Checkpoint, and Causeway Link buses. With its modern facilities, good location and great transport connections, Woodlands Condo is an ideal choice for any property investor.
Lendlease is aiding the whole industry by providing a concrete example of how to accurately and effectively measure and reduce Scope 3 emissions. If the industry works together, building a sustainable future becomes much more achievable.