Climate Change Data

Lighthouse Infrastructure

Climate Impact & Sustainability Data (2021-07 to 2023-06)

Reporting Period: 2021-07 to 2023-06

Environmental Metrics

Total Carbon Emissions:407,750 tCO2-e (avoided)
Total Energy Consumption:572.64 GWh

ESG Focus Areas

  • Climate Change
  • Renewable Energy
  • Affordable Housing
  • Social Infrastructure
  • Disability Accommodation

Environmental Achievements

  • Generated 572.64 GWh of clean electricity, avoiding 407,750 tCO2-e of emissions.
  • Achieved carbon neutrality at a corporate level in FY22 and FY23.
  • Achieved Climate Active certification in FY22 and FY23.
  • Installed additional solar panels, battery facilities, and energy monitoring devices in SDA assets.
  • Improved BASIX rating for Home4Life portfolio from 76 to 92, with 10 homes achieving carbon neutrality.
  • Replaced around 200 solar panels at Emerald Solar Farm and investigated solar panel recycling options.

Social Achievements

  • Provided affordable rental accommodation to 250 residents, 159 of whom were essential key workers, through the Lighthouse Affordable Rental Investment (LARI) model.
  • Meaningful reduction in behavioral challenges for three Home4Life residents due to medication changes, support, and environmental modifications.
  • Active COVID-19 management in SDA homes to ensure resident and worker safety.

Governance Achievements

  • Established Operational and Continuity Plans at solar projects following the COVID-19 pandemic.
  • Conducted HSE audits at solar projects with no major or minor nonconformances.
  • Maintained engagement with specialist consultants for GHG emissions measurement and ESG due diligence.

Climate Goals & Targets

Long-term Goals:
  • Achieve net-zero emissions across the investment portfolio (details not specified).
Medium-term Goals:
  • Develop a net-zero pathway to align investment activities with the Paris Agreement and SDGs.
Short-term Goals:
  • Further embed sustainability principles and ESG reporting frameworks into policies and procedures.

Environmental Challenges

  • Implementing a net-zero carbon strategy at a portfolio level.
  • Addressing the complex nature of achieving net-zero emissions across the investment portfolio.
Mitigation Strategies
  • Measuring GHG emissions in line with the PCAF framework.
  • Investigating pathways to net-zero emissions, including renewable energy generation and storage capacity additions, land-based carbon removals, and carbon credit purchases.
  • Prioritizing emissions reductions in the value chain over offset strategies.
  • Contemplating a minimum energy efficiency standard for new developments.

Supply Chain Management

Responsible Procurement
  • Preference for local solar panel recycling facilities.

Climate-Related Risks & Opportunities

Physical Risks
  • Bushfire risk at solar farms.
Opportunities
  • Investment in renewable energy generation and storage.

Reporting Standards

Frameworks Used: PCAF, Global GHG Accounting and Reporting Standard for the Financial Industry

Certifications: Climate Active (Carbon Neutral Organisation Standard)

UN Sustainable Development Goals

  • Goal 7 (Affordable and Clean Energy)
  • Goal 11 (Sustainable Cities and Communities)
  • Goal 13 (Climate Action)

Investments in renewable energy, affordable housing, and disability accommodation contribute to these goals.