Climate & Environment

As a business, Precinct is committed to creating a more sustainable environment. This means identifying and assessing the risks and opportunities presented by climate change. We recognise our role as a long-term owner, manager and developer of real estate, as well as an employer. We are taking a thoughtful approach to climate change action, as well as disclosure. Precinct is fully supportive of a low-carbon future for Aotearoa New Zealand.

The below document presents Precinct's first Climate Statement for the FY24 reporting period in accordance with Aotearoa New Zealand Climate Standards issued by the External Reporting Board (XRB):

• NZ CS 1: Climate-related Disclosures

• NZ CS 2: Adoption of Aotearoa New Zealand Climate Standards

• NZ CS 3: General Requirements for Climate-related Disclosures

This report is approved on behalf of Precinct Properties New Zealand Limited and Precinct Properties Investments Limited on 17th October 2024 and published below on the 18th of October 2024.

Measuring, benchmarking, and improving our carbon emissions across Scope 1, 2, and 3 is essential for understanding the full impact of our operations and identifying areas for meaningful reduction.

Tracking these emissions provides valuable data that guides targeted actions, allowing us to set informed goals, prioritise initiatives, and focus resources where they will have the greatest impact.

We have been using these insights to shape future workstreams to help us mitigate environmental impact effectively, prepare us to align with future regulatory requirements (NZ CS 1, 2 & 3), and meet stakeholder expectations for sustainability leadership.

Precinct is committed to upholding the principles of biodiversity, recognising the importance of a strong ecological system, and safeguarding the environment within our operations.

Precinct is committed to fostering sustainable transport options for all occupants and visitors by integrating sustainable travel initiatives into our operational practices. Our commitment focuses on three key areas: sustainable transport initiatives, communications and information, and monitoring and review.

Sustainable Transport Initiatives

We actively promote and support a range of sustainable transport options, including:

• Active Transport – Encouraging walking and cycling through the provision of end-of-trip facilities, secure bike storage, and shower amenities.

• Public Transport – Facilitating access to nearby public transport links by ensuring our buildings are strategically located near key transport hubs.

• Electric Vehicles (EVs) – Supporting the transition to low-emission vehicles by providing EV charging stations across our portfolio.

Communications and Information

To ensure our sustainable transport initiatives are widely understood and utilised, we communicate relevant information through multiple channels:

• Website Resources – Dedicated sections for each property outlining available transport options and sustainability performance.

• Direct Communications – Regular mailouts and updates to our Clients detailing transport options, upcoming initiatives, and opportunities including Fareshare and free bike maintenance days.

• Building User Manuals – Comprehensive guides provided to our Clients and visitors, detailing available transport choices and how to access them.

Monitoring and Review

Sustainable transport performance is assessed annually through our Environmental Management Plan (EMP) and system, ensuring continuous improvement. Each building’s transport-related performance is reviewed, and updates are implemented to enhance accessibility and sustainability where necessary.