LREIT aims to deliver a sustainable future for its stakeholders by striving towards economic, social and environmental progress. As a signatory to the UN GC, the Manager and the Property Manager are committed to deliver inclusive, healthy and adaptable places that can thrive through change.
To integrate ESG factors as a part of the Manager’s processes, it abides by the Group’s four guiding principles that support its strategy – Safety, Sustainability, Diversity and Inclusion and Customer Focus. In line with the Group’s signatory commitment under the UN supported Principles for Responsible Investment, the Manager is committed to creating value for LREIT’s stakeholders by delivering positive economic, environmental and social outcomes whilst operating in an incident and injury free environment.
LREIT’s approach towards sustainability is anchored in the Group’s Sustainability Framework, which was developed through extensive consultation with customers, investors, employees and other stakeholders on their key area of interest. This Sustainability Framework is centred around three key imperatives, supported by environmental and social focus areas.
ANOTHER YEAR OF OUTSTANDING RESULTS IN 2023 GRESB REAL ESTATE ASSESSMENT
LREIT achieved another year of outstanding results in being recognised at Sector leader in the Global Retail (Overall), Global Retail (Listed), Asia Retail (Overall) and Asia Retail (Listed) categories under the 2023 GRESB Real Estate Assessment with the highest-tier rating of 5 star for its ESG performance and strong leadership in sustainability for a third consecutive years since its listing in 2019. In addition to clinching these top accolades as the Regional Sector, LREIT also scored “A” for Public Disclosure, underscoring its strong commitment to ESG transparency and stakeholder engagement.
CREATING THRIVING COMMUNITIES
At Lendlease, we believe in making places where people feel that they belong. The Manager has thus endeavoured to support initiatives that would enable the community and make Singapore a more welcoming place to be.
Over the years we have closely worked with key partners that we have assessed to align with our interests to ensure that our communities thrive. Please have some examples of the initiatives we have worked on with these key organisations.
LREIT’s approach to sustainability is guided by the Responsible Property Investment Policy of the investment management business and the ESG aspects of the broader Lendlease Group.