Driving sustainable success through innovation, leadership and lasting positive impact for investors and communities.
Driving sustainable success through innovation, leadership and lasting positive impact for investors and communities.
NABERSNZ/Green Star properties
Properties with solar panels installed
Tonnes of waste diverted to recycling in FY24
At PMG, sustainability is more than a goal. It’s a responsibility woven into every aspect of our business. Environmental and social responsibility form the foundation of how we create long-term value, build trust, and strengthen relationships with our investors, tenants and communities.
We are proud to hold the Toitū Net Carbon Zero certification, aligning with the globally recognised ISO 14064-1:2018 standard. Our annual independent audits by Toitū ensure transparency and accountability, empowering us to measure, manage and reduce carbon emissions from our operations.
Efficiently managing our carbon footprint is not only essential for achieving our sustainability goals but also reinforces our position as an environmentally responsible firm.
Increased property values and improved tenant retention to enable sustainable long-term returns.
Efficient, sustainable workplaces that lower costs and enhance wellbeing and retention.
Positive environmental and social outcomes that contribute to a better, more sustainable future.
Environmental wellbeing
Lead the unlisted property funds sector in the reduction of waste, energy and water consumption and carbon emissions.
Financial wellbeing
Inspire the minds of young New Zealanders and help them build better financial futures for themselves and their country.
Stakeholder wellbeing
Succeed by maintaining a robust governance structure, clear accountability, strong leadership, efficient systems and measuring our progress.
Accountability drives progress. Our sustainability scorecards offer a clear, transparent view of how we’re performing against our environmental, social, and governance priorities, enabling continuous improvement and measurable impact.
| Goals | Achieved 31 March 2023 | Achieved 30 June 2024 | Goal 30 June 2025 |
|---|---|---|---|
Total number of tenant recycling seminars conducted | 1 | 6 | 8 |
Total number of buildings in PMG portfolio with solar systems installed | Nil | 3 | 4 |
Total number of office buildings with 4-star or better NABERSNZ energy ratings | 4 | 5 | 6 |
Toitū Net Carbon Zero certification for PMG Funds (the manager) | Certification achieved | Certification achieved | Certification retained |
Extend carbon footprint to include five pilot buildings where PMG manages the operational emissions | PMG Funds measured | PMG Funds measured | Achieve 3% reduction of carbon emissions |
Develop Science-Based Targets (SBT) for emission reduction across portfolio in line with NZ’s 2030 and 2050 Paris Agreement commitments | Nil | SBT’s identified | Achieve 3% reduction of carbon emissions |
Assess the gaps and measurements required for PMG to meet reporting requirements under the Climate-Related Financial Disclosures (CRFD) legislation | Gaps understood | Not prioritised in FY24 | Understand requirements to report under legislation |
| Achieved 31 March 2023 | Achieved 30 June 2024 | Goal 30 June 2025 | |
|---|---|---|---|
Target number of Year 10 students nationwide to attend Life Education Trust’s SMART$ financial literacy programme in FY25 | 16,500 | 16,500 | 15,000 |
Target number of young people completing the PMG Charitable Trust financial literacy online tool | 5,000 | 3,000 | 7,000 |
Young people who participate in PMG Charitable Trust programmes feel they understand more about how to manage money and the fundamentals of good financial literacy | 75% | 86% | 75% |
Funds raised through PMG Charitable Trust | $392,416 | $245,659 | $250,000 |
| Achieved 31 March 2023 | Achieved 30 June 2024 | Goal 30 June 2025 | |
|---|---|---|---|
PMG investors would recommend PMG as a fund manager | +25 NPS | +23 NPS | +35 NPS |
PMG tenants would recommend PMG as a landlord | +25 NPS | +39 NPS | +35 NPS |
Number of notifiable incidents or accidents to employees or contractors across portfolio | Nil | Nil | Nil |
Percentage of average contractor daily check-ins on sites | 95% | 81.71% | > 90% |
| Achieved 31 March 2023 | Achieved 30 June 2024 | Goal 30 June 2025 | |
|---|---|---|---|
Employee engagement vs commercial benchmark | 10% above benchmark | 10% above benchmark | 15% above benchmark |
PMG team retention rate | > 90% | 97% | > 90% |
Employee wellbeing initiatives | 10 | 13 | 12 |
Employees with 5 years continuous service | - | 12 | 15 |
