As a responsible landlord we recognise that commercial and residential buildings in the UK are a key source of emissions and we have a duty to control and reduce the environmental impact of our portfolio.
Focusing on the environment
We continue to assess the environmental performance of our portfolio, working with our sustainability consultants at CBRE who help us engage with property managers and occupiers to implement sustainability improvements at each asset.
Sustainability initiatives have been incorporated into all of our maintenance and refurbishment schedules, including: replacing conventional light bulbs with LEDs in common areas, installing motion sensitive lighting and optimising plant equipment and building management systems to reduce energy consumption. We also seek to improve biodiversity across our portfolio.
We continue to explore further opportunities in the renewables sector as a way of reducing our environmental impact as well as aiming to continue to reduce our carbon footprint and provide cheaper electricity from renewable sources for our occupiers in our buildings.
We have introduced green lease clauses into our standard lease agreements which set out the responsibilities of both Picton and the occupier with regards to sustainability and cover areas including energy and water efficiency, waste management and regulatory requirements. These clauses help to provide the right framework in re-evaluating how occupiers use space and have three levels from basic through to leader, where there are greater expectations on sustainability issue and require a more collaborative approach between us and our occupiers.
At key sites across our portfolio, we use an Asset Analytics tool to measure the energy use throughout the different pieces of plant equipment. This highlights equipment that is running inefficiently and coupled with in-depth energy audits identifies the most efficient means of reducing energy consumption while delivering value to our occupiers.
We also work with CBRE to carry out sustainability audits across our multi-let office portfolio. These audits focus on key areas including energy usage, water and waste management and provide recommendations for further energy saving measures. We are developing an action plan for each property to implement recommendations as required. We also carry out occupier workshops in order to engage with our occupiers and work together to further reduce our environmental impact.
Ensuring our buildings exceed expectations
One of our key priorities is to work with our occupiers so that we can understand their needs and aim to meet their current and future requirements.
We use our expertise in asset management to provide modern, flexible space that is safe, clean and energy efficient.
We believe it is important to continue to invest in our buildings, improve their attractiveness and occupier amenities.
Where we carry out building refurbishment projects, we are committed to ensuring environmental issues have been incorporated. We work with sustainability consultants at the design stage of a project and consider energy efficiency measures such as new lighting, improved plant and equipments, solar panels, new building management systems, insulation and new water systems.
The health and wellbeing of our occupiers is important to us and we are committed to creating healthier more active workplaces for our occupiers. Where we are able to, we seek to introduce improved occupier amenities, including cycle storage facilities, changing rooms and showers.
We recognise our role in supporting our occupiers' transition to more sustainable transport solutions and are working to identify buildings where we can install electric car charging points across our portfolio.