Picton Property Income Limited Sustainability Report 2022
Introduction
06
Environmental Focus
Stakeholder Engagement
Governance
Appendix
Leadership Letters continued
The transition to net zero carbon is vital for safeguarding our long- term resilience and business performance.
We have been focused particularly this year on the issue of climate change adaptation and mitigation, through the development and publication of our pathway to net zero carbon. The transition to net zero carbon is vital for safeguarding our long-term resilience and business performance while continuing to deliver value for all our stakeholders. We have identified a number of priority actions to be addressed in the short-term, and we will be reporting against these next year. We have set our baseline year as 2019, being the most recent normal year prior to the pandemic. I am pleased that our emissions this year have reduced in comparison to the baseline.
Our commitment is to achieve net zero carbon by 2040, including both operational and embodied carbon. As well as introducing energy efficiency measures to reduce operational carbon from our assets we will also be investigating how to reduce the embodied carbon associated with our refurbishment projects. We have also published our sustainability policy this year, which guides long-term sustainability priorities, including tackling environmental challenges, providing sustainable buildings for our occupiers and engaging with our stakeholders.
We have continued to improve the sustainability credentials of the portfolio in other areas, such as EPC ratings, green leases and biodiversity. This year our environmental data has been assured by a third party. This is to ensure the accuracy of our data, which we believe is key to the implementation of our pathway to net zero carbon and our sustainability initiatives across our portfolio.
Michael Morris Chief Executive
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