PictonProperty Income Limited Sustainability Report 2021
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Appendix
Introduction
Approach
Environmental Focus
Sustainable Buildings
Our Employees
Stakeholder Engagement
EPRA commentary Appendix GRESB and EPRA data continued
Reporting period This year’s Report covers the year from 1 April 2020 to 31 March 2021, in line with our annual financial reporting. For Scope 1 and 2 data prior to 2018 and for all Scope 3 reporting prior to last year, the historically reported calendar year figures have been extrapolated appropriately to match financial year reporting. A table showing the last five years of consumption is included below to show how different metrics have been added year-on-year. In the following tables we are reporting on 47 properties this year. This comprises the 46 properties held at the reporting date of 31 March 2021 plus the one property disposed of during the financial year.
Organisational boundaries/coverage
Normalisation We have used kWh/m 2 /year to normalise data where applicable and use net lettable area across our sites. We believe that using floor area is the most consistent metric for our portfolio and allows for accurate like-for-like comparisons. This is the most consistent normalisation metric across the whole portfolio. Normalisation metrics have been clearly stated in tables throughout the Report. For the like-for-like analysis, we removed any acquired or disposed sites which do not cover the full 2019/20 and 2020/21 reporting periods and any sites that underwent a major refurbishment to ensure reliable comparisons. We currently have been unable to remove vacant units from our like-for-like comparisons but note that this will have a minimal impact on comparisons. It is estimated that less than 5% of our consumption is through vacant units.
There was a total of 47 properties within the portfolio during 2020/21. We report on 100% of our buildings wherever possible and provide data by property type. We had operational control at 32 of these sites and these figures include sites where there were void units or external supplies, as for at least a portion of the year we had operational control of those units. We have also included in our building coverage where we have obtained occupier data. It is believed that it is crucial to obtain a holistic view of a property’s entire energy consumption, so we therefore believe building coverage should include all sites where we have obtained data. The total possible number of buildings where we could obtain data remains a constant (47 properties) apart from on like-for-like data where we have excluded sites that do not have two full reporting years’ worth of data. Each table throughout the Report identifies how many properties are being reported on. During 2020/21 we disposed of one site. We had no operational control over this site, and therefore data is not included. Occupier data is split out from landlord controlled sites in the tables so that a clear line can be drawn between landlord purchased and occupier purchased data per unit rather than site level to provide accurate areas (GIA). Occupier data is separated out from landlord purchased energy and is reported under Scope 3 emissions throughout the Report.
Read more in table A
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