Climate & Environment

At Precinct, we are committed to fostering a more sustainable environment. This involves identifying and assessing the risks and opportunities posed by climate change. As a long-term owner, manager, and developer of real estate, as well as an employer, we recognise our responsibility to take thoughtful action on climate change and provide transparent disclosures.

We fully support a low-carbon future for Aotearoa New Zealand.

This document presents Precinct's Climate Statements for the FY24 and FY25 reporting periods, in line with the 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

The FY25 statement was approved on behalf of Precinct Properties New Zealand Limited and Precinct Properties Investments Limited on 28th October 2025 and is published here on 29th October 2025.

Our FY24 Climate Statement is available here.

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.