At PMG our approach to sustainability is about improving our impact on the environment and the communities in which we operate, while maintaining financial sustainability for the benefit of all our stakeholders.
Our environmental strategy is three-fold:
Implementing sustainability and green features into our properties is beneficial in retaining and attracting quality tenants, maintaining and protecting property valuations over the long term, and enhancing the performance of our funds and returns to our investors.
Focusing on E-waste for Recycling Week
From 16-22 October, we are supporting Recycle Now's Recycling Week, with initiatives rolled out across some of our Auckland properties. Recycle Week 2023 focuses on “missed capture”: the items that can be recycled but are commonly missed. At PMG, we identified e-waste recycling as an area of focus.
E-waste is electronic products that are unwanted, not working, and nearing or at the end of their “useful life.” This includes computers, keyboards, computer screens, televisions, VCRs, stereos, copiers, and fax machines are everyday electronic products.
From Monday, 16 October until Sunday, 22 October, we have e-waste bins stationed at waste and recycling stations in our properties. At the end of the week, the material will be collected and taken to a collection warehouse, where it'll be processed and sent off for recycling.
While we support initiatives like Recycling Week, we also acknowledge that sustainable change extends beyond just one week of the year. So at PMG, we have sustainability at the heart of how we manage our properties and business. We have already installed standardised waste and recycling systems in 73% of the office and retail buildings across our portfolio. In the 2023 Financial Year, this enabled us to recycle 367.44 tonnes of waste.
Partnering to enable sustainable change
One of the major challenges we've faced in the sustainable management of these properties has been to engage our tenants and their staff to jump on board recycling and waste reduction initiatives.
In 2019, we enlisted the help of Reclaim to install different waste streams, starting with a few key initiatives:
1. Reclaim reporting system: Measuring waste from each stream and using reports to educate and share results with tenants.
2. Education sessions/workshops: PMG and Reclaime partner regularly to host education sessions for tenants and staff, including cleaning staff, encouraging individual ownership and accountability.
3. Communications and signage: Providing clear signage around properties and sending out regular communication has meant that waste management and recycling have remained top of mind, with clear directions and ongoing education to support tenants in their journey.
4. Continuous improvement: Constant monitoring and small, consistent improvements have enabled us to address contamination and ensure everyone is working together towards sustainable outcomes.
Through these initiatives, we are able to collate statistics to support our wider sustainability goals and demonstrate our efforts to our stakeholders (investors and tenants).
Kristy Miller, Key Account Manager at Reclaim, says "PMG’s continuous drive to educate and change behaviours in favour of more sustainable practices with their staff, tenants and suppliers, is a standout in the industry, with many businesses in the portfolio being driven to achieve greater changes in their waste management due to PMG’s leadership."
With a range of investment funds to suit New Zealanders of all ages and stages, it's easier than you may think to invest. Give one of our knowledgeable pmg Investor Relationships Managers a call for a no-obligation chat, or visit our FAQ page.
General Manager Investor Relationships
Investor Relationships Manager
Investor Relationships Manager
Investor Relationships Support
To start investing with PMG, register your contact details via phone or email. Alternatively, make an enquiry via our contact form and we’ll have someone from our Investment Relationships Team meet you.
Watch PMG’s history video to learn more about our approach to commercial property investments, along with the five funds within the company. We encourage you to speak with a friend or family member who knows us, and we also recommend you chat with a Financial Advice Provider for specific advice to suit your unique situation.
Look through our current investment offers to find the right PMG fund to suit you. After downloading, carefully review the associated Product Disclosure Statement(s) for the offer(s) you’re interested in. Investing with us is straightforward – either apply online using our secure and confidential investor portal, via the printable form on each fund page, or reach out to your local PMG office to fill out the relevant paperwork.
Our lines of communication are always open. If you have any questions, reach out to your local PMG Investor Relationships Manager. Whether it’s a general catch up or discussion around the latest developments with your investment, we’re here to help.