Precinct is a city centre specialist and long term owner of real estate. Our business owns high quality, strategically located city centre buildings. Ranked in the NZX top 30 and with total assets at 31 December 2019 of $3.1 billion, Precinct is the largest owner and developer of premium inner-city real estate in Auckland and Wellington. This inventory reports into the Toitū carbonzero programme.
Sustainability at Precinct means enabling sustainable and successful business, improving our operational performance and incorporating sustainable design across our properties. It is focused on the creation of positive environmental impacts centred around Precinct’s commitment to our people, partners and communities in which we operate.
Precinct has a well-defined strategy. It includes a prominent integration of sustainability across all areas of the business. As a business we continue to focus on understanding and responding to our material ESG (Environmental, Social and Governance) risks and opportunities. Precinct acknowledges that it must take actions that support ESG issues and embed sustainability throughout Precinct’s business and day to day operations. Our goal is to create sustainable value through city centre real estate.
As New Zealand transitions to a low-carbon economy, we acknowledge that companies in the real estate sector along with the building and construction sectors have an integral role in adapting and seeking to mitigate the impacts of climate change in the built environment. We recognise to maximise the benefits of our efforts in reducing our climate impacts, both measuring and managing emissions is key. We are committed to minimising our environmental footprint in the built environment while also making a conscious effort to help protect the natural environment we are part of. This means we aim to mitigate the environmental impacts that we have direct control over while continuing to expand our understanding of how we respond to those external impacts and risks which we can’t directly control.
We are taking a proactive approach to the risks and opportunities presented by climate change. The environmental performance of our buildings is a material issue and includes the energy they consume, the waste they generate and their operational greenhouse gas (GHG) emissions.