PictonProperty Income Limited Sustainability Report 2021
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SustainableBuildings
Introduction
Approach
Environmental Focus
Our Employees
Stakeholder Engagement
Appendix
Sustainable Buildings Ensuring buildings exceed expectations continued
BREEAM The Green Building Certifications across the portfolio have remained the same as in the previous reporting year although the scale of coverage has increased due to the sale of one asset. Certifications are BREEAM and ISO at three office locations: Angel Gate, London, Tower Wharf, Bristol and Metro, Manchester. The two BREEAM awards are both rated as ‘Excellent’. Looking ahead we are pleased to see the increased availability of ‘in use’ certification such as Fitwel, and Nabers. In addition to the guidance set out in our sustainable refurbishment guidelines we will look to adopt appropriate in-use certifications across the portfolio.
Green lease clauses Green leasing continues to be a
Our bespoke set of green lease clauses are specific to both our property types and our occupiers, and they continue to be successfully incorporated within new leases and lease renewals. Our target for the future is to ensure all our lease agreements include green lease clauses. To support this framework and futureproof our buildings, we have identified our baseline of existing green leases (60 in 2020) and categorised them according to levels: basic, intermediate and leader green leases. We will work to improve our overall count of green leases in the future and push to increase our percentage of green leader clauses. To supplement this, we have created a bespoke tracker document to measure and monitor our green lease uptake. We believe this approach benefits both parties as we set the standard of what landlords and occupiers expect going forward from their sustainable buildings. As of 2021, our number of green leases have risen by 45 from 60 to 105. Of this, nearly 50% are classified as leader green leases and over 75% of these as basic green leases or better. 45 Newgreen leases 50% Leader green leases
collaborative tool between ourselves and our occupiers to significantly improve the performance of our buildings. The majority of an average commercial building’s greenhouse gas emissions come from tenant-occupied areas and thus the best way to improve the efficiency and productivity of the whole building is through collaboration. The ideal green lease enhances the environmental performance of a building whilst helping to mitigate any environmental legislative and market risk and foster improvements in data collection for reporting performances. We have been working with our advisers to improve the uptake of green lease clauses in our lease agreements for both new and existing leases.
Green Building certification 2020/21
Site type Office
29%
Retail, High Street Retail, Warehouse
0% 0% 0% 0% 0% 6%
Industrial, Business Parks
Industrial, Distribution Warehouse
Hotel
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