Kiwi Property signs Climate Change Statement

NZX RELEASE
12 July 2018
Kiwi Property signs Climate Change Statement


Kiwi Property has today joined more than 60 New Zealand companies to sign the Climate
Change Statement and deliver a resounding message to corporate New Zealand and the world
– the time is now for affirmative action on climate change.
Jason Happy, National Facilities Manager for Kiwi Property, who is responsible for delivering the
Company’s sustainability programme, said Kiwi Property had joined the business collective as a
signatory to the powerful Climate Change Statement to create a compelling call for more
businesses to take action towards a low carbon future.
“We believe all businesses in New Zealand should contribute positively to a healthier environment
and brighter New Zealand for future generations,” Mr Happy said.
Kiwi Property is New Zealand’s largest listed property company; and for three years has led the
NZX with the only A- rating in the world-leading Carbon Disclosure Project. We are on track to be
New Zealand’s largest commercial consumer of solar power.
“We have been delivering exceptional experiences for New Zealanders through our office and
retail assets for more than 20 years. A strong component of our overall stakeholder experience
comes from ensuring that our assets not only remain attractive and competitive, but they perform
optimally and efficiently,” said Mr Happy.
In 2017, Kiwi Property set greenhouse gas emission reduction targets to play our part in helping
keep a rise in global temperature to well below 2°C. Based on climate change science, the
world needs to reduce its carbon emissions between 49% and 72% below 2010 levels to achieve
a 2°C temperature change by 2050.
The Climate Change Statement, an initiative by the Sustainable Business Council, a division of
BusinessNZ, reads:
For the generations after us, for the country we love, for the viability of our businesses, we are
ambitious for action on climate change. If we act now we can forge a path to create a
future that is low-emission, positive for our businesses and economy, and inclusive for all New
Zealanders. We are committed to playing our part to make that future real. If we don’t, our
competitiveness is at risk.
We take climate change seriously in our business:
> We measure our greenhouse gas emissions and publicly report on them
> We set a public emissions reduction target consistent with keeping within 2° of warming
> We work with our suppliers to reduce their greenhouse gas emissions
We believe the transition to a low emissions economy is an opportunity to improve New
Zealand’s prosperity:
> We support the Paris Agreement & New Zealand’s commitment to it
> We support introduction of a climate commission and carbon budgets enshrined in law
“Our decision to join as a signatory to the Climate Change Statement is the culmination of more
than 15 years of leadership in sustainability,” said Mr Happy.

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“Our sustainability programme is a vital function of business resilience, ensuring our assets perform
optimally while our business remains focused on contributing positively to a better New Zealand
through our best-in-class approach to managing environment, social and governance matters.
Since 2012, we have reduced our audited carbon footprint by 40% from an already sound
performance level. At the same time, we have reduced the water and energy consumption at
our properties by 23.3 million litres and 4,480,000 kWh respectively, and we have diverted 310
tonnes of waste from landfill,” said Mr Happy.
Kiwi Property’s Board and management are committed to focusing on people, planet and profit
to build business sustainability, and to leading New Zealand to a more sustainable future. Read
more in our 2018 Sustainability Report which can be downloaded on our website at
kp.co.nz/sustainability
> Ends


Contact us for further information
Karlee Lightbourne
National Marketing Manager
karlee.lightbourne@kp.co.nz
+64 9 359 4082


About us
Kiwi Property (NZX: KPG) is the largest listed property company on the New Zealand Stock
Exchange and is a member of the S&P/NZX 15 Index. We’ve been around for more than 20 years
and we proudly own and manage a $3.0 billion portfolio of real estate, comprising some of New
Zealand’s best shopping centres and prime office buildings. Our objective is to provide investors
with a reliable investment in New Zealand property by targeting superior risk-adjusted returns over
time through the ownership and active management of a diversified, high-quality portfolio. S&P
Global Ratings has assigned Kiwi Property a corporate credit rating of BBB (stable) and an issue
credit rating of BBB+ for each of its fixed rate senior secured bonds. Kiwi Property is licensed under
the Real Estate Agents Act 2008. To find out more, visit our website kp.co.nz