Picton Property Income Limited Sustainability Report 2022
Environmental Focus
18
Introduction
Stakeholder Engagement
Governance
Appendix
Energy efficiency continued
Solar Our solar panel array at Grafton Gate, Milton Keynes, has now been active for over six years, and we have benefitted from output generation ahead of our expectations. This energy has been used to power the building’s common areas, reducing occupational costs for our occupiers and increasing the efficiency of the building. Over the reporting period the panels produced 41,578 kWh and since installation they have generated a total of 253,016 kWh, which has avoided emissions equivalent to 58.1 tCO 2 e. We have also installed a solar panel array at Stanford Building, London, as part of the refurbishment project completed last year. The power from these panels is being used to provide power to the building common areas. In addition we have just installed a solar panel array at Regency Wharf, Birmingham, as part of the refurbishment project there.
Following our sustainability workshop engagement programme we are in discussions with a number of occupiers who wish to install solar panels on their properties. We are also exploring the feasibility of a wider roll out of solar panels across the portfolio. Head office We started collecting and reporting our head office data in 2016, and while it is only a small part of our overall footprint, we believe it is important to provide a holistic view where possible. We have relocated our head office to a floor within Stanford Building, London, which is one of our own assets. This is a recently refurbished space, providing the latest technology and energy efficiency measures that align with our values. This switch has allowed us to obtain more reliable data and cut our office emissions significantly. In 2021, we saw a 40% reduction in our carbon emissions compared with 2020. Solar panels have also been installed on the building, which will further contribute to our emission reduction efforts.
Read more in table 14
Business travel We have seen an increase in business travel emissions this year as our team have begun travelling more regularly to our assets. We expect this to increase further in 2022 but continue to encourage sustainable forms of travel and virtual meetings where possible.
Read more in table 13
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