Picton Property Income Limited Sustainability Report 2021

PictonProperty Income Limited Sustainability Report 2021

21

Environmental Focus

Introduction

Approach

Sustainable Buildings

Our Employees

Stakeholder Engagement

Appendix

Environmental Focus Our environment continued

Smart buildings In collaboration with our sustainability advisers at CBRE we have installed the Asset IQ tool at four of our multi-let office locations. Asset IQ connects to the Building Management System, providing live updates from each piece of plant equipment throughout the building. A holistic picture of each building’s energy usage over a 24/7 period is then built up with inefficiencies highlighted to Facility Managers on site so that any changes can be implemented. The tool provides quarterly action plans that helps to: – identify issues with the operation of the equipment – pinpoint the reasons for anomalies – suggest the most suitable technical solutions – identify the improvement of the overall energy strategy At Grafton Gate, Milton Keynes, since implementing the tool and with the energy savings identified and implemented, the building has achieved 868,125 kWh of total energy savings equating to 190,436 kg of CO 2 savings.

Solar Our solar panel array at Grafton Gate, Milton Keynes, has now been active for over five years. This energy has been used to power the building’s common areas, reducing occupational costs for our occupiers and increasing the efficiency of the building. During 2020/21 the panels produced 33,789 kWh and since installation they have generated a total of 211,438 kWh, which has saved 49.3 tCO 2 e; the equivalent of 1,868 incandescent lamps switched to LEDs. We have also installed a solar panel array at Stanford Building, London, as part of the refurbishment works there. These have recently been commissioned and we will have the first full year’s generation figures in our next Report. In addition, we will also be installing a solar panel array at our Regency Wharf refurbishment project, which will complete during the next reporting period.

Head office We started collecting and reporting our head office data in 2016, and while it is only a small part of our overall carbon footprint, we believe it is important to provide a holistic view where possible. We re-located in March 2021, moving from leased premises where we paid for our electricity and water usage through a service charge to a floor at one of our own buildings. Due to the timing of the move we are unable to obtain complete usage data for our period of occupation at our leased premises and so the reported electricity and water figures are based on estimates using the previous year’s data adjusted for the likely reduction in consumption due to lower occupation. In future our own premises data will be extracted from the main portfolio data.

Business travel Due to the nature of our business, at times we visit properties and work with our occupiers. We look to avoid air travel where possible, especially as this has a greater impact on our carbon footprint. This year we have reduced the distances travelled by -86%, largely as a result of property closures and travel restrictions caused by the pandemic. In terms of carbon emissions, these reduced by -76% compared to the previous year.

Read more in table 12

Read more in table 13

868,125 kWh energy savings at Grafton Gate, Milton Keynes

49.3 tCO 2 e saved at Grafton Gate, Milton Keynes

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