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Picton Property Income Limited Sustainability Report 2022

Environmental Focus

Introduction

Stakeholder Engagement

Governance

Appendix

Water consumption

The increased occupancy of sites following the easing of Covid-19 restrictions has resulted in an expected increase in water consumption.

Over the year we have seen an overall increase across the portfolio of 32% for absolute landlord purchased water consumption and a like-for-like increase of 30%. This year, to improve the accuracy of our water data, we have collected actual meter readings from across our sites, where previously consumption was estimated via bills from our providers. This has helped to reduce the proportion of estimated water supplies down to 8%. We plan to improve on this process over the coming year by installing automatic measuring devices which we hope will remove all water consumption estimates. Over the past year the largest increase in consumption in absolute terms occurred across our office portfolio, from 9,104m 3 to 12,028m 3 (a 32% increase). On a like-for-like basis the increase was 30%. Across our multi-let industrial

portfolio usage increased from 2,334m 3 to 3,102m 3 , which is a 33% increase on both an absolute and like-for-like basis. Due to the nature of our retail portfolio and distribution warehouse portfolio (which have very little communal areas) the water consumption figures are insignificant on a portfolio level (comprising less than 0.1% of the total landlord controlled consumption). We will continue to follow our refurbishment guidelines by adopting water efficiency measures as we undertake refurbishment and maintenance projects across the portfolio.