Precinct is the largest owner and developer of premium inner-city real estate in Auckland and Wellington, New Zealand. As a business, Precinct is committed to creating a more sustainable environment. They recognise their role as a long-term owner and developer of real estate and are taking an active approach to climate action.
65 employees
Signatory of WLC Commitment
Commit to achieving net zero operational carbon emissions for all buildings under direct operational control by 2030. Maximise reductions of embodied carbon emissions at new developments and major renovations of existing assets, compensating for any remaining residual upfront embodied carbon emissions, by 2030.
Measure and disclose energy consumption and Scope 1, 2 & 3 GHG emissions in accordance with ISO 14064-1:2006 in partnership with Toitū Envirocare. Aligned with GRI standards. Voluntarily report through sustainability benchmarks including, GRESB, CDP & MSCI ESG
Improve energy efficiency of existing buildings to reduce carbon intensity and offset residual emissions. Target over 60% of the portfolio having at least a best practice (5 star) Green Star rating. Target 100% of portfolio +4 star NABERSNZ by 2030. Develop energy efficient buildings through sustainable building design. Reduce HFC’s or use alternatives by 2030. Invest in and implement renewable infrastructure where feasible. Maximise embodied carbon reductions for new developments and major renovations of existing assets by carrying out LCA’s and utilising low carbon design, materials and construction processes.
Partner with Toitū Envirocare to measure and verify emissions. Third party certification; NABERSNZ and Green Star. Green Assets as per debt framework (EY Assurance). NDY Energy Audits.
Precinct has an ongoing partnership with the NZGBC on current and future carbon legislation (zero carbon) to promote and lead industry-wide environmental practices. Precinct will promote its commitment to influence its value chain to reduce carbon intensities.
