Our goal is to lead the New Zealand unlisted property funds sector in the reduction of waste, energy and water consumption, and carbon emissions. Have a look at our progress so far from our inaugural Sustainability Report.
An estimated 3.6 million tonnes (and rising) of waste comes from commercial property and industrial sources in New Zealand every year. This does not include commercial construction and demolition waste.
Every month we record, monitor and work to reduce the waste coming from the properties where we manage the waste.
Staff now actively think about recycling thanks to PMG’s efforts. They’ve tidied up the whole area outside with signs, and the bins are all clean. PMG has come in and given us talks on how to do the recycling – they’ve done a really good job.
We’ve been working to ensure our properties make efficient use of energy, as well as sourcing energy from green and sustainable options. We are proactively measuring energy consumption in our pilot properties and making constructive changes towards energy reduction.
35 power accounts changed to electricity in 2021, which supplies 100% renewable and carbonzero certified energy
PMG’s first property achieved a 4-star NABERSNZ energy rating. Pictured: 8 Rockridge Avenue, Penrose, Auckland.
We installed a central Building Management System in four pilot properties measuring energy and waste.
We are working with our childcare centre operators to install a cost-effective solar solution.
New Zealand’s built environment makes up 20 percent of the country’s carbon footprint. At PMG, we know there are significant benefits when we work to reduce our carbon footprint, such as cutting operating cost and improving the air we breathe, as well as through supporting carbon offsetting programmes like reforestation and renewable energy activities.
PMG started its carbon journey in 2021 through a partnership with Toitū Envirocare. Toitū is assisting us by setting realistic and cost-effective carbon goals, and developing our programme to measure, audit, reduce and certify the carbon emissions of PMG’s (as manager of our five unlisted commercial property funds) operations.
At the end of the day, it all comes down to accountability. With clear objectives in place, we hold ourselves to account and will achieve real value for our clients, people, and the environment.
