Being able to measure Precinct's sustainability performance is a key priority.
Over the past few years a number of local and international sustainability certifications and standards have been introduced for the built environment which can be applied to Precinct’s activities.
The overarching measure Precinct have chosen to use as its core environmental, social and governance (ESG) indices performance benchmark is the Global Real Estate Sustainability Benchmark (GRESB).
GRESB assessments are guided by what investors and the industry consider to be material issues in the sustainability performance of realestate investments. GRESB is considered the global standard for ESG benchmarking and reporting for real estate.
Precinct was one of the 964 participants globally to complete the GRESB and represents over USD 4.5 trillion in gross asset value.
Precinct achieved a Participation & GRESB Score in 2019 of 77 out of 100. We are very pleased to have increased this from a score of 69 in 2018.
We are now trending ahead of the GRESB global average of 72 and we rate a public disclosure level B against the global average C.
Precinct became a member of GRESB in March 2018. We believe that GRESB is the most appropriate external assessment tool for our business to report against annually.
MSCI ESG Ratings
MSCI Ratings aim to measure a company's resilience to long-term, financially relevant ESG risk.
In 2019, Precinct received a rating of A (on a scale of AAA-CCC) in MSCI ESG Ratings assessment.
Disclaimer statement: THE USE BY PRECINCT PROPERTIES NZ LIMITED OF ANY MSCI ESG RESEARCH LLC OR ITS AFFILIATES (“MSCI”) DATA, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT, RECOMMENDATION, OR PROMOTION OF [ENTITY] BY MSCI. MSCI SERVICES AND DATA ARE THE PROPERTY OF MSCI OR ITS INFORMATION PROVIDERS, AND ARE PROVIDED ‘AS-IS’ AND WITHOUT WARRANTY. MSCI NAMES AND LOGOS ARE TRADEMARKS OR SERVICE MARKS OF MSCI.
Green Star is an internationally-recognised rating system for the sustainable design, construction and operation of buildings, fitout and communities. Green Star supports stakeholders in the property and construction sectors to design, construct and operate projects in a more sustainable, efficient and productive way. It provides occupiers with a trusted mark of independent verification to support decision-making.
Precinct uses the New Zealand Green Building Council’s (NZGBC) Green Star building rating tool for assessing the sustainability of buildings. Precinct is a member of the NZGBC. We work in partnership with the NZGBC on a wide range of our business activities with the aim to adopt market-based green building practices.
6 Star Green Star
As-built rating at Mason Bros. building
NABERSNZ is a ratings scheme to measure and rate the energy performance of office buildings in New Zealand. The scheme is based on National Australian Building Environmental Rating System (NABERS) and takes into consideration the climatic conditions in which the building operates, the building size and occupancy, hours of use, the level of services it provides and the energy sources (e.g. electricity and gas) it uses. By comparing a building’s energy performance data against NABERSNZ benchmark data, a star rating is calculated that reflects the building’s performance and enables robust comparison with other
Precinct uses NABERSNZ as a key tool for rating the energy efficiency of its office buildings. It is an independent tool, backed by the New Zealand Government. NABERSNZ allows buildings to be rated and then re-rated, resulting in improvements in their energy efficiency from year to year.