Sustainability
Our Sustainability
Strategy
The core principles of our sustainability strategy are:
Create a future-proofed and resilient portfolio through sustainable refurbishments, developments, acquisitions and divestments.
Maximise the useful lifespan of buildings to minimise waste by transforming our core portfolio.
Become a trusted partner for tenants when it comes to sustainability and reducing greenhouse gas emissions.
Collaborate with supply chain partners to minimise waste, use lower-impact materials and promote positive social impacts.
Maintain strong employee engagement and health and safety performance.
Maintain high standards of financial and governance performance.
Greenhouse Gas Emissions
01
Aspiration
What we’re doing
Power metering and monitoring being installed at properties across our portfolio to help us to understand the operational performance (energy and water use) of the buildings at those sites.
Solar panels installed at five buildings, helping our tenants to move to renewable energy.
Committed to a 5 Green Star target for recent development projects at Bowden Road and Springs Road, which includes a focus on minimising greenhouse gas emissions.
Resources and Waste
02
Aspiration
What we’re doing
Implemented an internal sustainable refurbishment framework. See our case studies for 3-5 Niall Burgess Road and 212 Cavendish Drive for further information.
Committed to a 5 Green Star target for recent development projects at Bowden Road and Springs Road, which includes a focus on minimising waste and materials impacts.
Disaster and Climate Resilience
03
Aspiration
What we’re doing
Climate change risks are a factor in our portfolio management decision-making, including refurbishments, developments, acquisitions and divestments.
Climate-related disclosures reporting provided since 2020.
Seismic strengthening upgrades completed for many properties in the portfolio.
People and Wellbeing
04
Aspiration
What we’re doing
Maintaining a strong focus on employee engagement, and health, safety and wellbeing.
Sponsor of Keystone New Zealand Property Education Trust.
Engaging with our community through staff volunteering and donations.
Economic Value
05
Aspiration
What we’re doing
Providing fit-for-purpose properties to enable our tenants to run and grow successful businesses.
Providing investors with the opportunity to invest in a wide selection of properties in the hard-working industrial sector.
Established a Green Finance Framework and green funding facilities.
Targets
We have continued to make strong progress in delivering across our three Sustainability Strategy targets.
GREEN STAR
Significant new buildings to target a minimum 5 Green Star certification.
Awarded a 5 Star Green Star rating* for our Stage 1 at Bowden Road, leased to Tokyo Food. Stage 2 of Bowden Road ad Stage 1 Springs Road also targeting 5 Green Star certification.
METERING: Implement power metering and monitoring for 90% of properties by the end of FY25.
Achieved our original metering target to implement power metering and monitoring for 50% of properties by the end of 2025 during 2024.
As at 30 June 2024, 63% of properties in our portfolio had metering installed.
SOLAR: Install solar systems at five buildings by the end of 2025.
We’ve achieved our target of installing five solar systems ahead of time, helping our tenants to move to renewable energy.
Reports & Presentations
Explore PFI's comprehensive Reports and Presentations, featuring annual reports, interim financial statements, and insightful presentations from our annual and interim results, as well as annual meetings. These resources provide a transparent view of PFI's financial performance, strategic direction, and commitment to delivering value for our shareholders.
Featured developments
