Picton Property Income Limited Sustainability Report 2022

Governance

Introduction

Environmental Focus

Stakeholder Engagement

Appendix

Reporting

Policies and Data

We recognise that it is important to be transparent on sustainability issues, so that our stakeholders can make informed decisions. Also we aim to ensure our data collection and management is in line with best practice to assist with our GRESB and EPRA reporting requirements.

As we have developed our approach to sustainability, we have reviewed and updated our policies, ensuring these are in line with best practice. We recognise that accurate data is essential as we work towards our net zero carbon target, and we continually strive to improve data collection rates.

Policies This year we have published our overriding Sustainability Policy. This sets out our approach to sustainability issues and how they are embedded into all of our activities. We believe that a responsible and ethical approach to business is essential for the benefit of all our stakeholders. Within our policy we seek to: — Meet the highest standards of corporate governance — Tackle environmental challenges — Provide safe and sustainable buildings for our occupiers — Focus on our employees — Engage with all our stakeholders Our full policy is set out on our website. Visit our website to view our Sustainability Policy

Data management 95% of our Scope 1 and Scope 2 emissions are captured via automatic meter readings at our buildings which is directly uploaded to our property manager’s Deepki data management and reporting system. This year we will be third party data assured in order to ensure the accuracy and verification of our data. For Scope 3 data we continue to focus on direct liaison with our occupiers to establish their energy usage, water and waste management data. In addition we have also engaged with the utility providers on landlord managed assets to obtain (anonymised) occupier energy usage data. Using this combined approach we have increased our occupier data collection from below 50% to above 70%. The aim remains to achieve 100% collection across all Scopes.

We have been reporting to GRESB since 2017. Our score for 2021 reduced from 65 to 61, and from two green stars to one. This was due to a number of factors, including a fall in data coverage during the pandemic. These issues have been addressed with our sustainability advisers and we expect our score to improve in 2022. We have also taken other measures to enhance our GRESB reporting, including having our data assured by a third party. Also in 2021 we submitted our portfolio through the GRESB Public Disclosure for the fourth year and achieved a 6 point increase on 2020, to obtain a score of 91. This performance means the portfolio attained the highest

possible A grade rating for the second year running for our Public Disclosure. We outperformed our peer group in disclosure methods, disclosure of sustainability implementation and disclosure of stakeholder engagement practices. For 2022, we have continued to build on our public disclosure by having our data assured and greater publicity of our policies. We have continued to report in line with the EPRA Sustainability Best Practices Recommendations and received a Gold award for our 2021 Sustainability Report. This year we will include our portfolio’s energy data in the BBP Real Estate Environmental Benchmark for the first time.