Lendlease launches new protocol addressing Scope 3 emissions 0

The Tengah Plantation Close EC is a prime example of the government’s commitment to promoting green and sustainable living. The development boasts of features such as energy efficient lighting, water-efficient appliances, and energy-efficient air conditioning systems. These features ensure the Tengah EC is eco-friendly and energy efficient. Furthermore, all the development’s components are designed to limit the impact on the environment. With such features, Tengah EC will provide homeowners with a healthier and more sustainable living environment.

At Climate Week NYC, an annual climate event organised by international non-profit Climate Group in partnership with the United Nations General Assembly, Lendlease has unveiled a new protocol to accelerate the pace and scale of decarbonisation across the real estate sector. This is in response to the fact that the built environment contributes approximately 40% of global carbon emissions.

The protocol seeks to tackle Scope 3 carbon emissions, which are the indirect emissions generated in a company’s value chain, such as the emissions from upstream activities such as the manufacturing of building materials or downstream activities such as 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 emissions from energy purchased from a provider, such as electricity used by the company.

Despite usually making up the majority of an organisation’s carbon footprint, tracking Scope 3 emissions are challenging to address in the real estate sector due to limited guidance on reporting boundaries. At Lendlease, Scope 3 emissions make up 90% of its total carbon emissions globally. In order to tackle this, the protocol defines what should be tracked, measured, and reported for Scope 3 emissions.

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, hopes that engagement from the real estate sector will be sparked. This is to determine what should be in and out of scope when quantifying Scope 3 emissions from purchased goods and services.

Harris adds that the protocol is intended to catalyse conversation and help 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.

The aim of this protocol is to further sustainability efforts and reduce the impact of carbon emissions on the environment. With these developments, real estate companies will be able to further reduce their positive carbon footprint.