Picton Property Income Limited Sustainability Report 2022
Environmental Focus
19
Introduction
Stakeholder Engagement
Governance
Appendix
Sustainable buildings
We aim to provide buildings which meet occupier expectations for safe and sustainable workspace that adds value to their operations and helps their businesses succeed.
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. As reoccupation and activity increases following the easing of lockdown restrictions, 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.
— Continued to implement Green Lease clauses (with improved incorporation of ‘gold’ standard clauses)
— Rolled out more biodiversity measures across our portfolio — Assisted our occupiers on re-occupation of properties in line with Covid-19 guidance
Looking ahead the key challenge is to implement and monitor our pathway to net zero carbon. We will be undertaking five net zero audit reports at two office assets, two industrial assets and one retail warehouse asset in order to assist our implementation strategy. We will support and supplement this by continuing to remove fossil fuel supplies where practical, introduce on-site renewable energy, increase efficiency of existing equipment and support our occupiers with their own sustainability strategies.
What we have done this year: — Undertaken energy audits at two buildings
— Continued to develop our strategy for on-site solar power generation — Continued to develop our strategy for the roll out of electric vehicle charging — Improved our portfolio EPC ratings (which are now reported as a percentage of ERV in order to better reflect risk) of which 71% is rated A-C
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