Organisation overview
PMG Funds is one of New Zealand’s most established property funds managers. For over 30 years, PMG has been invested in delivering long-term sustainability and value for investors through proactive commercial property management and investment.
At PMG, sustainability is more than a goal. It’s a responsibility woven into every aspect of their business. Environmental and social responsibility form the foundation of how they create long-term value, build trust, and strengthen relationships with their investors, tenants and communities.
The challenge
Before engaging with Toitū, they recognised that in order to set meaningful sustainability targets and develop an effective, evidence-based strategy, they first needed a clear understanding of their current position. Verified data was critical to building this foundation and identifying where they could make the most impactful changes.
Toitū certification provided them with the confidence that their emissions data was accurate and robust. This became a key tool in tracking their progress and holding themselves accountable to their sustainability commitments. It also supports transparency with their investors, tenants and partners, demonstrating both their intent and their performance through credible, third-party verification.
As an organisation striving to be a leader in sustainability, establishing this level of credibility was essential, not only to validate their internal goals but also to reinforce trust externally.
Choosing a partner
PMG chose to partner with Toitū Envirocare because Toitū provided a credible and structured framework for measuring and managing their environmental impact. The ability to access verified, tangible data allows them to make informed, evidence-based decisions and track meaningful progress over time.
Beyond measurement, Toitū supports accountability and reinforces a culture of sustainability within their organisation. It also strengthens their position as a climate-conscious business, aligning with their brand values and supporting their ambition to lead in this space.
The approach
Through the Toitū certification process, PMG were able to identify their key emissions sources and prioritise initiatives that would deliver the greatest impact. This data-led approach has been central to shaping their sustainability strategy.
Some of the key actions they’ve implemented include:
- Introducing a hybrid pool vehicle to reduce emissions associated with essential travel across their property portfolio, contributing to an 18% decrease in travel-related emissions since FY22.
- Transitioning all electricity under their direct control to Ecotricity, a 100% renewable energy provider, resulting in a reduction of approximately 266 tonnes of CO₂e across the portfolio in FY25.
- Expanding their emissions boundary to include indirect emissions associated with their managed property portfolio.
This expansion marks an important evolution in their approach. Historically, their reporting focused on their corporate operations, but they recognised the need for greater visibility and accountability across the full scope of their activities. By including portfolio-level emissions, they are better positioned to identify reduction opportunities, respond to changing regulatory expectations, and demonstrate leadership in the property and fund management sector.
Collaboration across teams has been key, with sustainability becoming an increasingly embedded consideration in day-to-day decision-making.
The impact
For PMG, reducing operating expenses through energy efficiency is a strategic lever for both cost savings and sustainability outcomes.
By using energy tracking data and data‑driven energy management tools, they’ve improved building performance, lowered operating costs and supported stronger leasing outcomes and tenant satisfaction.
Since their FY22 base year, the management company and portfolio have achieved a 22% reduction in emissions, despite growth in assets under management and an expanded reporting boundary - demonstrating measurable progress, both for PMG (the Manager), as well as across the wider portfolio.
What’s next
At PMG, their investment thesis is built on consistent value creation, and their sustainability strategy reflects this same philosophy.
By focusing on measurable progress, they not only enhance building efficiency and support wellbeing, but also deliver outcomes that matter to both investors and tenants.
For investors, this means stronger, more sustainable returns driven by lower operating costs, improved tenant retention, and long-term asset value. For tenants, it means better work environments, healthier buildings, and partnerships that support their own sustainability goals.
PMG’s approach continues to evolve with global standards and market expectations, ensuring their portfolio remains relevant, resilient and impactful in a changing world.
Client quote
“Toitū provides the structure and credibility needed to turn sustainability intentions into measurable action. It gives us confidence in our data and enables us to make informed, evidence-based decisions that drive real impact.”
National Facilities Manager, Stuart Tomlinson