Greenhouse Gas Emissions

Aspiration: The embodied and operational greenhouse gas emissions associated with PFI’s buildings are minimised.

Key Achievements:

• Phased out especially harmful R22 refrigerant gases from heating, ventilation and air-conditioning (HVAC) systems within our operational control.
• Committed to a 5 Green Star target for development projects at Bowden Road and Springs Road.
• Installed power metering and monitoring at 63% of properties in our portfolio (as at 30 June 2024) to help us to understand the operational performance (energy and water use) of the buildings at those sites.
• Achieved our target of installing solar panels at five buildings by the end of 2025 ahead of time, helping our tenants to move to renewable energy.

Resources and Waste

Aspiration: The impacts from the materials that PFI uses and the waste PFI produces during developments and refurbishments are minimised.

Key Achievements:

• Established an internal sustainable refurbishment framework.
• Committed to a 5 Green Star target for development projects at Bowden Road and Springs Road.

Disaster and Climate Resilience

Aspiration: PFI’s buildings are resilient and we are well placed to respond to disasters.

Key Achievements:

• Produced three voluntary climate-related disclosures (TCFD) reports (FY20-22) and two mandatory Climate-Related Disclosures reports

People and Wellbeing

Aspiration: Our people are safe and engaged, and we promote positive social impacts through our operations.

Key Achievements:

• Achieved strong staff engagement (86% in 2023).
• Engaged with our community through volunteering, sponsorship and donations.

Economic Value

Aspiration: The value of PFI grows to create economic value for investors, tenants, our people and others that we work with.

Key Achievements:

• Established our inaugural green funding facilities during 2023.

Key Targets

• Significant new buildings to target minimum 5 Green Star certification. PFI has been awarded a 5 Star Green Star Design & As Built NZv1.0 Design rating for our Stage 1 development at 30-32 Bowden Road. We are also targeting 5 Green Star certification for the remaining stage 2 at 30-32 Bowden Road and all stages at 78 Springs Road.
• Implement power metering and monitoring for 50% of properties by the end of 2025. At 30 June 2024, PFI had installed power metering at 63% of properties. PFI has since revised its metering target to: Implement power metering and monitoring for 90% of properties by the end of FY25.
• Install solar systems at five buildings by the end of 2025. At 30 June 2024, PFI had completed solar installations at 5 buildings for our tenants Electrolux, AMI RepairHub, Central Joinery, Tokyo Food and Daikin.