- Weak economic conditions leading to reduced consumer demand and lower sales across retail and operating businesses
- Legislative change to remove tax depreciation on commercial properties impacting earnings
- Climate risk including physical and transitional risks
Precinct Properties New Zealand Limited and Precinct Properties Investments Limited
Greenhouse gas emissions & sustainability report data
In its 2024 reporting, Precinct Properties New Zealand Limited and Precinct Properties Investments Limited disclosed greenhouse gas emissions of 6.7K tCO2e (FY23). By scope: Scope 1: 5.9 kgCO2e/sqm (FY23); Scope 2: 3.0 kgCO2e/sqm (FY23); Scope 3: 6.8 kgCO2e/sqm (FY23). 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
6.7K tCO2e (FY23)
2024
Renewable Energy
100% of electricity purchased
of total energy
📊 Emissions by Scope (2024)
| 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). | 5.9 kgCO2e/sqm (FY23) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.0 kgCO2e/sqm (FY23) |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 6.8 kgCO2e/sqm (FY23) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2024 | 6.7K tCO2e (FY23) |
| 2023 | 4.2K tCO2e/year (FY22) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- GRESB score of 86/100 (global average: 75)
- Toitū net carbonzero certification validated
- First WELL Equity rating in Oceania for a real estate company corporate office
- 22,614 MWh renewable energy certificates purchased
- 13 Commercial Office Buildings with a 4 star, 5 star or 6 star Green Star Built rating
🎯 Climate & Sustainability Targets
🔜 Short-term
- Achieve >4 star rating or over 85/100 points in GRESB
📅 Medium-term
- Achieve net zero carbon emissions for all buildings under our direct operational control by 2030
- Portfolio: 100% of portfolio +4 star by 2030 (NABERSNZ)
- WELL at Scale >40 points by 2025
🔭 Long-term
- Net zero emissions by 2030
🌱 ESG Focus Areas
Climate changePartnerships and community wellbeing and vitalityDepletion of natural resources and contribution to wasteEconomic activity and opportunityClient, worker and staff wellbeing