PictonProperty Income Limited Sustainability Report 2021
05
Introduction
Approach
Environmental Focus
Sustainable Buildings
Our Employees
Stakeholder Engagement
Appendix
Introduction Leadership Letters continued Chief Executive’s Statement
The environmental impact of our buildings is a key focus.
Michael Morris Chief Executive
Welcome to our third annual Sustainability Report. This Report sets out our activities and achievements over the last year, while looking ahead at our future targets and commitments. We have developed and refined our approach to sustainability since the inception of the business back in 2005. We started reporting to EPRA initially, and then to GRESB. We have reported our greenhouse gas emissions voluntarily in our Annual Report since 2014. In 2016 we set a number of five-year targets including reducing our Scope 1 and 2 emissions by -20%. I am pleased to report that this was met after only three years, and that after five years the reduction was -57%, although the pandemic has impacted this final outcome. We have discussed our other targets later in the Report.
The environmental impact of our buildings is a key focus. We have managed our EPC ratings over a number of years, and I am pleased that there has been a continual improvement in ratings each year. When we are carrying out refurbishments, we have always sought to implement energy efficiency measures where possible, and the impact of these, both on our EPC ratings and on our GHG emissions, has been positive. One of our three corporate strategic pillars is Acting Responsibly. This includes working closely with our stakeholders. This year, this has been very much at the fore, in helping all our stakeholders navigate through the Covid-19 pandemic successfully. We have maintained our occupier focused approach for many years and have built up good relationships with our occupiers. These relationships have been vital in helping us reach solutions with occupiers and to be able to provide assistance whilst helping us to mitigate impacts.
Key highlights £5m Portfolio investment -57% Reduction in Scope 1 and 2 emissions since 2016 85% Employee satisfaction score
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