Precinct conducts its business as a responsible corporate citizen. The operational aspects of Precincts business, as a developer and manager of property, have an external impact on the environment, the community and the economy.
Precinct places great importance on operating in the most sustainable way possible it can. The initiatives and policies outlined in the section below relate to the impact the business has and the measures it takes to reduce this impact and better the communities in which it operates.
Precinct encourages innovation to deliver a quality product for its clients. Since Precinct re-branded in 2011, it has grown its management function through its manager which now employs 55 staff to deliver its high levels of service and manage its assets.
Precinct's approach reflects the goal of a more environmentally sustainable management model. This approach recognises the drive to a more environmentally sustainable portfolio. Our objective is to deliver improvements in environmental performance and operational costs, and meet the trend from occupiers to prefer more environmentally sustainable office accommodation.
Our sustainability approach incorporates elements from international best practice models. Precinct uses a series of internal and external measurements to report performance. One of the key external measurements is GRESB4. GRESB conduct annual assessments of real estate portfolios capturing critical information regarding environmental, social and governance (ESG) performance and sustainability best practices.
Precinct believe that GRESB is the most appropriate assessment for our business and intend on reportingagainst this measure going forward. Precinct has adopted a sustainability framework illustrating Precinct’s sustainability context,approach and priorities. This framework will be implemented and managed to provide benefits within the next financial year and beyond.