Lendlease’s Retirement Living Trust has again topped a global sustainability ranking for real estate, beating out 10 entrants from across the Asia Pacific in the Residential Non-listed category.
GRESB, the Global Real Estate Assessment, is the environmental, social and governance (ESG) benchmark for real estate assets.
Nathan Cockerill (pictured above), Managing Director Retirement Living, said: “We’ve set ourselves the ambitious target of achieving net zero carbon by 2025 and absolute zero carbon by 2040. These GRESB results show that we’re on the right path to achieving these targets.”
Lendlease Retirement Living Trust ranked second out of 85 in the Global Residential category and achieved a Five Star GRESB rating, improving on last year’s four-star rating. Its sustainability score also increased by 9 points to 92, against a peer average score of just 54.
This year, Lendlease has partnered with the Green Building Council to determine the sustainability of their retirement living property portfolio as well as reducing its Greenhouse Gas Emissions by 6.63% from 2018 and its energy consumption by 5.5%.
Lendlease has 75 villages and 17,000 residents across Australia.