Picton Property Income Limited Sustainability Report 2022

Environmental Focus

Introduction

Stakeholder Engagement

Governance

Appendix

Sustainable buildings continued

Electric car charging points We have taken steps to expand the number of car charging points across our properties over the year either through direct action or in conjunction with our occupiers. We have selected an EV charge point operator to install and manage up to 40 charging points across five of our sites, including our retail parks at Gloucester, Swansea and Bury. The terms of the agreement are being finalised and we expect installation works to commence during 2022. Alongside existing charging points that we had in place in locations such as 180 West George Street, Glasgow, we have worked with occupiers during 2021 to deliver further installations at Atlas House Marlow, Tower Wharf Bristol, Sundon Business Park, Luton, Parkbury Industrial Estate, Radlett and Metro, Manchester. Energy audits During the year we undertook energy audits at Graton Gate, Milton Keynes and Atlas House, Marlow. The planned audits at 50 Farringdon Road, London and Longcross, Cardiff were postponed due to the works which were undertaken at the buildings to improve the heating and cooling systems and remove gas supplies. A number of the adjustments to systems recommended in these reports have already been undertaken. For example we installed new ‘smart’ controllers to the heating and cooling system at Grafton Gate, Milton Keynes, which will enable the system to adjust its operation depending on occupancy and ambient temperatures.

Sustainable refurbishments In 2021 we established our sustainability refurbishment guidelines for refubishment and redevelopment projects with the aim of ensuring sustainability is at the heart of our design and implementation process. The guidelines assist our advisers and help to ensure that our spaces meet the requirements of our existing and prospective occupiers. These are customised based on the level of work required, from minor works through to new build. The sustainability refurbishment guidelines cover the following areas: — Building certification and rating, for example BREEAM, Fitwel — Services, covering ventilation, lighting, heating and cooling, and building management strategies — Structures and fabrics with considerations made for the carbon cost of building materials

Whilst the impact of the pandemic on building occupancy and systems operation makes like-for-like comparison of energy consumption more difficult, by comparing consumption figures in early 2022 (when office occupancy was starting to increase) with levels in 2019 we can see that consumption has reduced by up to 28% at the buildings involved. As set out above, we will also be undertaking net zero carbon audits to establish a strategy for reducing carbon at a representative sample of our building types at Parkbury Industrial Estate, Radlett, Sundon Business Park, Luton, Angouleme Retail Park, Bury, Grafton Gate, Milton Keynes and Pembroke Court, Chatham. Sustainability action plans Over the year we have implemented sustainability action plans at all sites where we run a service charge (and therefore have operational control over the common parts). These plans cover areas such as biodiversity and social amenities as well as energy efficiency. Over 2022 we will implement the improvement measures identified. For example, at Colchester Business Park, Colchester, a report on biodiversity enhancement was carried out and the recommendations included in the sustainability action plan. Biodiversity initiatives that have been implemented include the installation of bat boxes and the restoration and development of a pond.

— Energy and resource efficiency, covering renewable energy, green walls, and roofs — Landscaping covering biophilic designs — Technology covering smart building capability — Net zero asset review — Supplier codes of conduct We have built sustainability criteria into our approval process for projects and have now started to see the output from these guidelines such as at buildings including Regency Wharf, Birmingham, which was shortlisted for a British Council of Offices Refurbished Workspace Award, and at Longcross, Cardiff. We intend to ensure the guidelines are regularly updated to reflect best practice. Visit our website for more information on our sustainable refurbishment guidelines