PFI plays an important role in the hard-working industrial sector by providing workplaces for industrial tenants. PFI owns long-term assets, so making sustainable, enduring decisions is critical for delivering positive outcomes for our tenants and investors. For many years, PFI has focused on progressively embedding sustainability in everything we do, to position the business for the future.

You can click on the images below to learn more about our sustainability aspirations, achievements and targets. For full details, please read our Sustainability Report at the bottom of this page.

Greenhouse Gas Emissions

Aspiration: The embodied and operational greenhouse gas emissions associated with PFI’s buildings are minimised.

Key Achievements:

  • Phased out especially harmful R22 refrigerant gases from heating, ventilation and air-conditioning (HVAC) systems within our operational control.
  • Reduced our Scope 1 fugitive greenhouse gas emissions by 56% in 2023 on our 2019 baseline.
  • Committed to a 5 Green Star target for development projects at Bowden Road and Springs Road.
  • Installed power metering and monitoring at 20 properties in our portfolio to help us to understand the operational performance (energy and water use) of the buildings at those sites.
Resources and Waste

Aspiration: The impacts from the materials that PFI uses and the waste PFI produces during developments and refurbishments are minimised.

Key Achievements:

  • Established an internal sustainable refurbishment framework.
  • Committed to a 5 Green Star target for development projects at Bowden Road and Springs Road.
Disaster and Climate Resilience

Aspiration: PFI’s buildings are resilient and we are well placed to respond to disasters.

Key Achievements:

  • Produced three voluntary climate-related disclosures (TCFD) reports (FY20-22).
People and Wellbeing

Aspiration: Our people are safe and engaged, and we promote positive social impacts through our operations.

Key Achievements:

  • Achieved strong staff engagement (86% in 2023).
  • Engaged with our community through volunteering, sponsorship and donations.
Economic Value

Aspiration: The value of PFI grows to create economic value for investors, tenants, our people and others that we work with.

Key Achievements:

  • Established our inaugural green funding facilities during 2023.
Key Targets
  • Significant new buildings to target minimum 5 Green Star certification. PFI is targeting 5 Green Star certification for our developments at 30-32 Bowden Road and 78 Springs Road.
  • Implement power metering and monitoring for 50% of properties by the end of 2025. At 31 December 2023, PFI had installed power metering at 21.7% of properties.
  • Install solar systems at five buildings by the end of 2025. At 31 December 2023, PFI had completed its first solar installation at 3-5 Niall Burgess Road in Mount Wellington and agreed terms with another tenant to commence a solar installation in 2024.

If you would like to learn more about our sustainability approach, you can read our Sustainability Report, FY23 Climate-related Disclosures, and Investor Presentation by clicking the links below, or you can contact us here.