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Environmental Focus / Continued
Sustainable refurbishments Our sustainable refurbishment guidelines were updated in 2023 and now include targets around energy use transparency, supply chain management, legislative requirements and the collection of building data and records. The guidelines continue to underpin our aims and objectives for sustainable refurbishments. The guidelines have been the catalyst for progress this year in several areas, including:. / The completion of four property level decarbonisation feasibility studies, which, through working with occupiers, have resulted in property upgrades that achieved common goals / Adoption of circular economy principles, including the reuse of equipment, materials, fixtures and fittings within the portfolio, thereby reducing costs and waste / Completing renewable energy feasibility studies on three industrial sites / Increased collaboration with occupiers during refurbishment projects to increase efficiency and reduced waste / Improvements to EPC ratings of refurbished space. During the year, the weighted average improvement in EPC rating on an ERV basis was from a D to a B rating / Increased fitting of energy efficiency measures, for example LED lighting and motion sensors throughout the portfolio where appropriate / We have also installed motion sensor lighting at Trident House, St Albans and Parkbury Industrial Estate, Radlett Looking ahead, we will continue to improve the portfolio in accordance with our sustainable refurbishment guidelines, and also seek to implement new technology where appropriate.
Sustainable buildings We are committed to monitoring and enhancing the environmental performance of our buildings and ensuring they are resilient to changes in both climate and the regulatory environment. It is important that we ensure our buildings meet changes in occupier requirements, and our approach to our portfolio management adheres to best practice with respect to data collection, communication and implementation. In line with our net zero carbon commitment, we aim to remove fossil fuel supplies where practical, introduce on-site renewable energy, increase the efficiency of existing equipment and support our occupiers with their own sustainability strategies. Sustainable action plans We maintain bespoke sustainability action plans for each of our multi- let assets, incorporating energy, environment, health, wellbeing and biodiversity improvement measures, which are reviewed annually. Opportunities have been identified for technology to reduce electrical consumption within multi-let office buildings, supply chain management and building certification schemes. We have also refined our refurbishment guidelines to ensure alignment with our net zero carbon goals. We have been working with occupiers during refurbishment projects to ensure greater efficiencies and the reduction of waste. Andy Lynch Head of Building Surveying
Electric vehicle charging points
During the year, we continued to support our occupiers who wished to install electric vehicle charging points. We have also installed charging points across several sites, including Western Industrial Estate, Bracknell, Angel Gate, London and Waterside House, Leeds. Safe installation and operation of these charging points is of primary importance to us, and with the support of our insurers we have developed a comprehensive list of safety requirements which all EV installations at our buildings have to comply with before consent for installation can be given. We are reassessing the feasibility of installation of electrified parking bays at our retail warehouse sites in conjunction with an electric vehicle infrastructure operator.
184% Increase in solar generation capacity
Picton Property Income Limited / Annual Report 2024 66
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