Governance
Financial Statements
Additional Information
Strategic Report
Our approach
mitigate nature-related business risk and contribute to reversing nature loss by 2030. In 2024, the UK Government introduced new Biodiversity Net Gain (BNG) legislation, specifying that developments over a certain size must deliver BNG of at least +10% to the site, aiming to ensure wildlife habitats are left in a better state post- development than they were before. According to the World Economic Forum’s latest Global Risk Perception Survey, risks in the geopolitical and social categories dominated the top ten listed short-term risks perceived by global leaders. Interstate armed conflict, involuntary migration, social polarisation, and lack of economic opportunity were all amongst the top concerns for the next two years. By mid-2023, it was estimated by the United Nations Refugee Agency that there were 110 million forcibly displaced people worldwide, including over 30 million refugees, with ongoing and new conflicts bringing the resulting humanitarian crisis to profound levels. By capitalising on the high levels of awareness, society is now better placed to drive positive change. The property industry has an important role to play and through transparency, collaboration and innovation, it can contribute to progressing global sustainability targets. 16% Reduction in Scope 1 & 2 emissions compared to our 2019 baseline 62% Occupier data coverage
A responsible and ethical approach to business is essential for the benefit of all our stakeholders and understanding the long- term impact of our decisions will help us to manage risk and continue to generate value.
Sustainable thinking is integrated within all our business activities. We are committed to making a positive contribution to society, whilst minimising any negative impact on people, local communities and the environment. Our Sustainability Policy guides our long-term sustainability priorities. We have in place a sustainability framework based on our key material issues and continue to review these key priorities annually.
e
Net zero carbon
Biodiversity
Water consumption
Sustainable buildings
Energy eciency
Materials & waste
Health & Safety
Leadership
Sustainable thinking, responsible business
Employees & skills
Data
Occupier satisfaction & wellbeing
Transparency & reporting
Supplier & contractor responsibility
Community & social value
Policies
Picton Property Income Limited / Annual Report 2024
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