Governance
Financial Statements
Additional Information
Strategic Report
2023/24 progress
Key priorities for the year ahead
16% reduction in absolute Scope 1 and 2 emissions compared to the 2019 baseline 18% reduction in Scope 1 energy intensity compared to 2019 baseline 53% reduction in Scope 2 energy intensity compared to 2019 baseline 57 leases completed containing green lease clauses Engaged with occupiers and achieved occupier energy data coverage of 62% Progressed decarbonisation strategy across the portfolio Increased solar capacity by 184% with installation of solar arrays on five assets 80% EPCs rated A–C – improved from 76% in March 2023 Carried out annual occupier survey at office and industrial properties 91% Of occupiers would recommend us as a landlord (2023: 85%) Developed our occupier engagement strategy and launched our occupier app across eight multi-let office buildings Commissioned a health and safety regulatory risk review Carried out annual employee engagement survey with an improved overall employee satisfaction score of 86% (2023: 82%) £25,000 Charitable donations, supporting 15 charities Third party data assurance of GRESB submission data Maintained EPRA Gold awards for both Annual Report and sustainability reporting Maintained our GRESB rating of three green star status Reported in line with Task Force on Climate-related Financial Disclosures Reviewed and updated our Sustainability Policy Published Biodiversity Policy
Set new interim targets to progress decarbonisation strategy Create a BBP aligned climate adaptation plan Continue to decarbonise the portfolio in line with the UK Green Building Council’s net zero carbon hierarchy / Invest in our assets in line with our sustainable refurbishment guidelines to improve operational efficiency / Continue to remove fossil fuel-based systems from our buildings / Continue to install on-site renewables Work with occupiers to further improve overall energy data collection Develop our carbon offsetting strategy
Continue to actively engage with occupiers on sustainability initiatives Consider roll-out of occupier apps across a selection of industrial properties Maintain our high level of health and safety compliance
Extend third party data assurance on sustainability reporting Maintain clear and transparent reporting Improve GRESB rating
Picton Property Income Limited / Annual Report 2024
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