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.