Investment fund threatens to divest from Lendlease over 4,000-home development in koala country

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An investment fund says it will have no choice but to divest from Lendlease unless the developer explains how it will protect a vulnerable koala colony on the site of a proposed housing estate south-west of Sydney.

abc.net.au/news/investor-threatens-to-divest-from-lendlease-over-koala-habitat/101756726An $8 billion investment fund has threatened to divest from Lendlease, calling for the developer to be transparent about the ability of a vulnerable koala colony south-west of Sydney to coexist with a new housing development.

The NSW government is seeking public consultation on stage two of the Figtree Hill development at Gilead, which plans to introduce 4,000 new homes to the region.unless it complied with the NSW chief scientist's advice on protecting one of the state's last healthy koala colonies. "We think it is not a transparent, it is not a fair consultation, and our position is if Lendlease proceeded with the development anyway we would have to divest."

"The key piece of information that is missing is how the width of the corridors has been calculated," she said. "Our $35 million investment into conservation at Gilead includes creating koala corridors that have been independently assessed as meeting the recommendations of the chief scientist in terms of width and connectivity," the spokesperson said.

 

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Councillors b like “important stuff, love your work, keep it up” then u find they’ve got x2 population in 10y cooked right into the books. Broken country

Does happen as I message you

If you know me, then this kind of thing drives me totally nuts! the answers to climate stupidity are simple and no DNA slicing and dicing required thank you! If you would just do the right thing! getting rid of plastic is just bull which i eat by the way! this has to stop NOW!

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