Picton Property Income Limited Sustainability Report 2021

PictonProperty Income Limited Sustainability Report 2021

Approach

Introduction

Environmental Focus

Sustainable Buildings

Our Employees

Stakeholder Engagement

Appendix

Approach Our approach to sustainability continued

2/ Our environment – Embarked on development of net zero carbon pathway – Undertaken biodiversity surveys at several sites and introduced a range of initiatives as a result – Reduced landlord purchased water consumption by -47% – Reduced waste disposal by -53% 3/ – Reassessed 23 EPCs, improving 20 over the year, increasing the average rating to a C, or an improvement of 37 points, from last year – Created new Health and Safety Committee to bring renewed focus and reassurance to our occupiers, visitors and employees – Provided Covid-19 compliant guidance for office reoccupation – Developed refurbishment guidance Ensuring our buildings exceed expectations checklist for use by our contractors and suppliers in future projects to ensure these meet our sustainability standards – Increased number of green leases across portfolio by 75%

4/ Focusing on our employees – Carried out employee survey – Held socially distanced team meeting offsite – Moved office and upgraded workplace amenities – Established regular virtual team meetings during lockdowns 5/ Workingwith our stakeholders – Developed occupier engagement programme – Carried out occupier satisfaction survey – Continued roll out of our Supplier Code of Conduct – Held fifteenth anniversary local community initiative with £15,000 funding award – Made further charitable donations of £14,000

Our journey so far We have now completed the initial stage of our sustainability journey with the key five-year targets that were set in 2016 nowmet, including: – -20% reduction in Scope 1 and 2 carbon emissions – we exceeded this target, achieving an overall -57% reduction – Reduction of water consumption by -5% by 2021 – we have achieved a reduction of -9% – Reduction of waste to landfill by -10% by 2021 – our reduction is -98% – To eliminate any F or G rated EPCs by 2021 – we have only one F rated EPC left in the portfolio We are now planning the next stage of more ambitious targets and objectives in line with our commitment Over the course of the year we have continued to make significant progress across our core areas of focus including: 1/ to sustainability best practice. Progress over the year Our approach to sustainability – Joined Better Buildings Partnership and contributed to various initiatives which will benefit both occupiers and employees – Reviewed sustainability priorities and developed action plan – Awarded two Green star GRESB status – Maintained EPRA Gold award for Sustainability reporting

Looking ahead The next key stage will be to develop our pathway to net zero carbon, which we intend to publish within this financial year. We aim to develop this in accordance with the framework set by the Better Buildings Partnership, to be consistent with best practice within the industry. As part of the pathway we will determine the most appropriate targets to measure ourselves against as we progress. We have recognised that there are risks arising from climate change that could have an impact on our assets within the portfolio. We intend to develop our thinking around this so that we are able to report fully in accordance with the recommendations of the Task Force on Climate-related Financial Disclosures. Although developing our pathway to net zero carbon is a key objective for the coming year we intend to make further progress against all of the other material issues that we have identified. We have set a number of targets already for these, which are set out within the Report, and these will be developed further as we progress against them.