Precinct Properties New Zealand Sustainability Profile
Precinct Properties New Zealand, often referred to simply as Precinct, is a leading property investment and development company headquartered in Auckland, New Zealand. Established in 2009, the company has made significant strides in the commercial real estate sector, focusing primarily on high-quality office spaces in key urban locations across New Zealand. With a portfolio that includes iconic developments such as the PwC Tower and the ANZ Centre, Precinct is renowned for its commitment to sustainability and innovative design. The company’s unique approach to creating vibrant, mixed-use environments sets it apart in the competitive property market. Recognised for its strong market position, Precinct continues to achieve notable milestones, reinforcing its reputation as a trusted leader in the New Zealand property industry.
DitchCarbon Score
How does Precinct Properties New Zealand's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Real Estate Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Precinct Properties New Zealand's score of 39 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Precinct Properties New Zealand's reported carbon emissions
In 2024, Precinct Properties New Zealand reported total carbon emissions of approximately 3,785,000 kg CO2e, encompassing Scope 1, 2, and 3 emissions. The breakdown includes about 2,393,000 kg CO2e from stationary combustion and 3,000 kg CO2e from fugitive emissions under Scope 1. Scope 2 emissions totalled approximately 1,400,000 kg CO2e, while Scope 3 emissions reached about 4,166,000 kg CO2e, primarily driven by purchased goods and services (4,166,000 kg CO2e) and waste generated in operations (1,491,000 kg CO2e). In 2023, the company reported total emissions of about 2,927,000 kg CO2e, with Scope 1 emissions at approximately 1,517,000 kg CO2e and Scope 2 emissions at around 1,376,000 kg CO2e. Scope 3 emissions for that year were approximately 2,490,000 kg CO2e. Despite these figures, Precinct Properties New Zealand has not set specific reduction targets or initiatives as part of their climate commitments. The company does not currently participate in the Science Based Targets initiative (SBTi) or have documented reduction targets. Their emissions data is sourced directly from Precinct Properties NZ Ltd & Precinct Properties Investments Ltd, with no cascaded data from a parent organization. Overall, Precinct Properties New Zealand is actively monitoring its carbon footprint but has yet to establish formal commitments to reduce emissions in the coming years.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 1,550,000 | 0,000,000 |
| Scope 2 | - | 00,000 |
| Scope 3 | 3,785,000 | 0,000,000 |
How Carbon Intensive is Precinct Properties New Zealand's Industry?
How Carbon Intensive is Precinct Properties New Zealand's Location?
Precinct Properties New Zealand's Scope 3 Categories Breakdown
Precinct Properties New Zealand's Scope 3 emissions, which increased by 116% last year and increased by approximately 116% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 77% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 51% of Scope 3 emissions.
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Precinct Properties New Zealand's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Precinct Properties New Zealand has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
