Our objective: To reduce and mitigate our emissions, identify operational and reputational risks, and respond in ways that are aligned with the government’s first Emissions Reduction Plan which maps Aotearoa’s pathway towards meeting longer term climate targets.

Via a monitorable Environmental Management System (EMS) we undertake to:

• Establish our carbon emission footprint through collection and analysis of relevant data via our Property Services and Finance divisions, using optimised methodology and software
• Establish our goals and science based targets (SBTi) by working closely with internationally-recognised programmes and allow us to set sustainable emissions targets and reduction pathways
• Prioritise our initiatives to ensure we meet identified progress milestones, with a focus on measuring and reporting our scope 1 and 2 emissions
• Integrate the emission reduction roadmap prominently through our annual strategic business planning and budgeting process to ensure accountability to our key stakeholders, and create a scalable sustainability platform throughout our national franchise network.

As New Zealand’s largest full-service agency, Bayleys takes seriously the documented fact that the built environment – including residential and commercial buildings and infrastructure – is directly or indirectly responsible for a significant percentage of total global fuel combustion CO₂ and greenhouse-gas (GHG) emissions. We are committed to leveraging our resources and influence to drive positive change in the sector.

Bayleys’ environmental-related business responsibilities and highlights:

• Measurement of Bayley Corporation Limited’s baseline scope 1 and 2 carbon emissions footprint for the year ending 31 March 2024
• Development of our first ESG policy
• 13 managed assets with NABERSNZ energy performance ratings
• 200,000sqm of green or energy certified managed assets
• Six NABERSNZ energy performance-rated Bayleys offices
• Sustainable design principles embedded into our new Remuera office
• Two managed portfolios completed the FY22 Global Real Estate Sustainability Benchmark (GRESB) survey
• 6th r partnering with NZ Green Building Council
• Participation across industry “Green” events impacting the commercial real estate market