4 Aug 2025
At PMG, sustainability is a core part of how we create long-term value. As the world continues to navigate change and complexity, we believe the property sector has a critical role to play in building a more resilient, lower-carbon future.
Our FY25 Sustainability Report reflects a year of measurable progress, practical innovation and strong partnerships. It captures the initiatives we have taken across our portfolio and the results we are delivering for tenants, communities and investors.
Measurable impact that drives performance
In FY25, we achieved a 25% reduction in emissions across our business and maintained our Toitū Net Carbon Zero certification for the third consecutive year. Almost 80% of our office buildings now hold a NABERSNZ or Green Star rating, and our Tauranga head office has lifted its NABERSNZ tenancy rating to 5 Stars (from 4.5 Stars previously).
More importantly, these are not just numbers. They represent improved asset efficiency, reduced operating costs and strong tenant relationships. We also saved $46,000 in interest costs through sustainability-linked loans.
For investors, this translates to:
Sustainability in action
Throughout the year, we continued to invest in smart technology and targeted upgrades to improve building performance. At 213 Tuam Street, we became the first company in New Zealand to install Optimum Air’s AI-powered maintenance system, reducing service calls by 20% and saving over 76,000 kWh in energy.
At 65B Main Highway, we completed a full façade replacement to address a safety risk and refresh the asset for long-term durability.
We also completed seven solar projects, installed EV chargers at key sites, and rolled out ESG dashboards to track energy performance in real time.
People, wellbeing and social impact
We know sustainable performance starts with our people. That’s why we continue to invest in workplace wellbeing, leadership development and team engagement. In FY25, we continued to invest in wellbeing, leadership development and creating an inclusive, high-performing workplace. Our engagement scores remain above the commercial benchmark and staff retention is strong.
Through the PMG Charitable Trust, we reached over 16,500 students with financial literacy programmes and launched Stacks - a digital education tool designed to build confidence with money from an early age.
Looking ahead
Our sustainability strategy is designed to support our broader investment philosophy. That means measurable progress, clear targets, and a focus on outcomes that matter to investors.
By FY26, we aim to:
We are proud of the momentum we have built and the outcomes we are delivering. By embedding sustainability into every part of our business, we are protecting asset performance today while building resilience for the future.
Read our FY25 Sustainability Report to see how we are delivering measurable results and creating long-term value through sustainability.
