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6 February 2008
Lend Lease Investment Management becomes Signatory to UN Principles of Responsible Investment Proposal
Lend Lease Investment Management (“LLIM”) today announced it is the first global property investment manager to become a signatory to the United Nations (UN) Principles of Responsible Investment.
LLIM has approximately A$8.9 billion in property funds under management globally, on behalf of international and domestic institutional investors and seeks to create value for all stakeholders by delivering positive economic,
environmental and social outcomes.
Becoming a signatory to the UN Principles of Responsible Investment is in line with this philosophy. The six principles create a framework for the integration of environmental, social and governance factors into mainstream
investing and provide a menu of possible actions to enable each principle.
LLIM has already employed many of the suggested actions across its wholesale product platform globally, in line with its Sustainable Responsible Investment Policy launched in June 2007.
Rod Leaver, Global CEO of LLIM said “At Lend Lease we have long been aware of the competitive advantages associated with sustainability and responsible property investing, however it is also increasingly becoming a key subject of interest to our investors. By becoming signatories, LLIM is better positioned to engage with the investment community on the benefits of responsible property investment via a framework that is globally recognised and endorsed.”
LLIM is also an observer member of the United Nations Environment Programme Finance Initiative (UNEP FI) Property Working Group project which is working to demonstrate the financial and environmental value of responsible property investment.
LLIM’s commitment to both the principles and its overarching commitment to make its Funds more sustainable is demonstrated by achievements made to date. In Australia, progression of the APPF Commercial sustainability strategy has resulted in substantial improvements including:
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 | A 25% improvement in water use and 9% improvement in greenhouse emissions in the past 18 months. |
 | 25% of power procured for the portfolio to be Green Power from 1st of January 2008. |
 | All new developments to be designed to achieve high Green Star environmental ratings as assessed by the Green Building Council of Australia. |
Significant further operational portfolio improvements are expected across all funds managed by LLIM as the full benefits of current and programmed environmental and social initiatives are realised.media
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