Lendlease launches new protocol addressing Scope 3 emissions 0

At Climate Week NYC, Lendlease has introduced a new protocol to tackle Scope 3 carbon emissions, a major contributor to global carbon emissions in the building and real estate sectors. The protocol, as outlined in Lendlease’s press release, seeks to accelerate the pace of decarbonisation across the industry.

In comparison to Scope 1 and 2 emissions, accounting for and tracking Scope 3 emissions can be difficult due to limited guidance. Yet, for Lendlease, Scope 3 emissions make up the vast majority of their total emissions at 90%. That is why the protocol was developed to document what should be measured and reported for Scope 3 emissions.

The protocol takes into account reports at each stage of the purchasing process, from the origin of the material to their end usage. It also recognizes that if Scope 3 emission data is digitized and shared, it not only aids reporting for organizations but enables the industry to come together to address the two major challenges related to Scope 3 emissions: the decarbonisation of hard-to-abate materials and the digitization and sharing of Scope 3 emissions data.

As a first step, Lendlease aims to achieve net-zero Scope 1 and 2 carbon emissions in Asia by 2025, while the ultimate goal is to reach absolute zero by 2040. To get there, the firm will be relying on the protocol it has defined to identify what should be tracked, measured, and reported for Scope 3 emissions.

Overall, Lendlease’s protocol is intended to create conversation and engagement across the real estate sector on how to properly address and document Scope 3 emissions. Once this is done, the entire industry can join forces to tackle those two major systemic challenges.

Only then can we hope to see a reduction in carbon emissions from the built environment which will have a massive impact on global carbon emissions.

At Climate Week NYC, international non-profit Climate Group, in partnership with the United Nations General Assembly, witnessed the unveiling of a new protocol that seeks to tackle Scope 3 carbon emissions. These emissions are the indirect emissions in a company’s value chain, like manufacturing of building materials, and add up to 40% of global emission totals.

Now, Lendlease has announced the introduction of a protocol aimed at not just tracking and reporting Scope 3 emissions, but also accelerating decarbonisation in the real estate sector. For the firm, Scope 3 emissions make up 90% of their total carbon emissions globally.

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To reach its commitment to net-zero Scope 1 and 2 emissions in Asia by 2025, and absolute zero, including Scope 3, by 2040, Lendlease’s protocol defines what should be measured and reported for this form of emissions. This includes reporting at each stage of the purchasing process, such as the origin of the material to the end usage.

The protocol’s intention is not only to spark conversation and engagement on addressing Scope 3 emissions, but also to digitize and share data and help facilitate collaboration between the industry on the two major challenges related to Scope 3 emissions, decarbonisation of hard-to-abate materials and the sharing of Scope 3 emissions data.

Lendlease’s protocol is a major step towards reducing emissions from the built environment and could be a huge win against global carbon emissions. However, with the goal to reach network zero by 2025, and absolute zero by 2040, there is still much work that needs to be done in order to reach the ultimate goal.