Sustainability Update

Strong sustainability principles are an important part of contributing to a better New Zealand. They also play an important part in ensuring Oyster holds and grows its position as a landlord of choice.

As a landlord and fund manager, our sustainability strategy plays a key role in managing risk and driving value for tenants and investors.

We’re seeing increasing demand from tenants to partner with a landlord who is invested in sustainable outcomes and have made significant progress against several important initiatives in 2022.

We’re working hard across the Oyster portfolio to optimise energy efficiency, minimise our environmental footprint and support the sustainability goals of our tenants and investors.

Over the last 12 months, Oyster has achieved baseline ratings (3 stars and above) under the National Australian Built Environment Rating System in New Zealand (NABERSNZ) at 28 of our commercial properties, with 20 achieving 4-stars or higher, which means excellent performance.

NABERSNZ is the industry benchmark for assessing the energy efficiency and performance of commercial buildings. Their framework helps us set baselines for improvements and set the roadmap to get there.

Other sustainability initiatives underway include:

• The installation of ‘smart’ electricity and water meters across the majority of assets, which will streamline how energy and water consumption data is captured.
• A partnership with independent environmental experts Toitū Envirocare to formulate a strategy to measure, manage and reduce Oyster’s carbon emissions.
• Development of a new 5-Green Star Design and As Built property at Central Park, in Auckland.

While this work is ongoing, we are proud to be part of the community of businesses working proactively to accelerate New Zealand’s transition to a greener economy and look forward progressing in this area in 2023.

For more articles and updates, download the February 2023 Oyster Update Newsletter.