- Embodied carbon emissions from building materials (concrete and steel).
- Data limitations in measuring operational emissions (electricity use in tenanted buildings).
- Increased insurance premiums due to climate-related events.
- Difficulty in differentiating between emissions from building operation and tenant operations.
Property for Industry Limited
Greenhouse gas emissions & sustainability report data
In its 2024-01 to 2024-06 reporting, Property for Industry Limited disclosed greenhouse gas emissions of 9.9K tCO2e/6 months. By scope: Scope 1: 68.7 tCO2e/6 months; Scope 2: 2.2 tCO2e/6 months; Scope 3: 9.8K tCO2e/6 months. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
9.9K tCO2e/6 months
2024-01 to 2024-06
📊 Emissions by Scope (2024-01 to 2024-06)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 68.7 tCO2e/6 months |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 2.2 tCO2e/6 months |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 9.8K tCO2e/6 months |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Awarded a 5 Star Green Star Design & As Built NZv1.0 Design rating for a new building at Bowden Road.
- Progressed construction on two further buildings at Bowden Road and Springs Road, resulting in 10.3% of the portfolio (by market value) achieving Green Star ratings on completion.
- Achieved the target of installing solar panels at five buildings ahead of schedule.
- Achieved the target of installing power metering and monitoring at 63% of properties, exceeding the 50% target.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Implement power metering and monitoring for 90% of properties by the end of FY25.
- Apply Sustainable Refurbishment Framework to applicable projects.
- Improve energy efficiency (e.g., solar and LED lighting).
- Implement Climate Resilience Framework.
- Trial selected properties for Green Star Performance certification.
📅 Medium-term
- Achieve operational performance ratings for some properties.
🔭 Long-term
- Minimise embodied and operational greenhouse gas emissions.
🌱 ESG Focus Areas
Climate ChangeSustainability