Sustainability
Key Targets
We have continued to make strong progress in delivering across our three Sustainability Strategy 2030 targets.
Green star
Significant new buildings to target a minimum 5 Green Star certification.
Awarded a 5 Star Green Star Design rating for three buildings (Stage 1 and 2 at 30-32 Bowden Road, and Stage 1 at 78 Springs Road). 10.3% of our portfolio by market value has achieved a 5 Green Star Design rating.
*5 Green Star Design and As-Built NZv1.0 Design certified rating – Green Star ratings are administered by the New Zealand Green Building Council (NZGBC).
Solar
Increase solar installations across the portfolio to 1.4MW by the end of FY27.
A total of 731 kWp of solar capacity installed as at 30 June 2025.
LED Lighting
Install full LED lighting at 80% of tenancies by the end of FY28.
This target was newly established following the recent 2025 target refresh.
Our Sustainability
Strategy
The core principles of our sustainability strategy are:
Create a future-proofed and resilient portfolio through sustainable refurbishments, developments, acquisitions and divestments.
Maximise the useful lifespan of buildings to minimise waste by transforming our core portfolio.
Become a trusted partner for tenants when it comes to sustainability and reducing greenhouse gas emissions.
Collaborate with supply chain partners to minimise waste, use lower-impact materials and promote positive social impacts.
Maintain strong employee engagement and health and safety performance.
Maintain high standards of financial and governance performance.
Greenhouse Gas Emissions
01
Aspiration
What we’re doing
Working with tenants to install solar at our buildings, helping our tenants to move to renewable energy.
Increasing the use of LED lighting in our portfolio, to improve the energy efficiency of our buildings.
Committed to a 5 Green Star target for our significant development projects, which includes a focus on minimising greenhouse gas emissions.
Resources and Waste
02
Aspiration
What we’re doing
Considering resource and waste impacts for our refurbishment projects - see our case studies for 3-5 Niall Burgess Road and 212 Cavendish Drive for further information
Committed to a 5 Green Star target for our significant development projects, which includes a focus on minimising waste and materials impacts.
Disaster and Climate Resilience
03
Aspiration
What we’re doing
Climate change risks are a factor in our portfolio management decision-making, including refurbishments, developments, acquisitions and divestments.
Climate-related disclosures reporting provided since 2020.
Seismic strengthening upgrades completed for many properties in the portfolio.
People and Wellbeing
04
Aspiration
What we’re doing
Maintaining a strong focus on employee engagement, and health, safety and wellbeing.
Sponsor of Keystone New Zealand Property Education Trust.
Engaging with our community through staff volunteering and donations.
Economic Value
05
Aspiration
What we’re doing
Providing fit-for-purpose properties to enable our tenants to run and grow successful businesses.
Providing investors with the opportunity to invest in a wide selection of properties in the hard-working industrial sector.
Established a Green Finance Framework and green funding facilities.
Reports & Presentations
Explore PFI's comprehensive Reports and Presentations, featuring annual reports, interim financial statements, and insightful presentations from our annual and interim results, as well as annual meetings. These resources provide a transparent view of PFI's financial performance, strategic direction, and commitment to delivering value for our shareholders.
Featured developments
