Sustainability is integrated in PPI’s overall business strategies and day-to-day operations

Governance is based on policy documents in the forms of the Code of Conduct, the Group’s ESG policy and other governance and policy documents. Focus is on sustainability areas as identified in PPI’s double materiality analysis. The company’s process for governance and follow up involves delivering on targets and commitments as well as identification and management of sustainability risks and opportunities. PPI's sustainability report is included in the Annual report for 2025

Climate and environmental impact

PPI works actively to reduce its negative impact on the climate through sustainable property management and portfolio quality. Having a sustainable property portfolio is important for future-proofing PPI’s business and property values while also reducing operational costs, and ensuring the best product for the customers.

PPI aims to work smart and with the most efficient climate change mitigating solutions. PPI’s most significant sources of greenhouse gas emissions are from energy consumption in its property portfolio and from the use of materials in its development and renovation projects. Therefore, PPI systematically works on reducing energy consumption and energy efficiency in its property portfolio and strives to use low carbon materials/reuse as much building material and inventory as possible in its development and renovation projects.

The main indirect greenhouse gas emissions that occur in the value chain stem from production of purchased materials and inventory. PPI seeks to work together with its customers and to co-invest in implementing efficiency measures that increase environmental qualities and reduce operating costs. This intention is also included in PPI’s lease contracts which state that the parties shall cooperate to raise and further develop the environmental standards of the leasehold during the lease period. PPI also works with suppliers who share its value’s and all suppliers must adhere to PPI’s sustainable supplier requirements and ethical guidelines. Sustainability targets linked to energy reduction and waste sorting are included in the overall company performance targets, also serving as a basis for performance-related pay.

PPI has set the following overarching targets for climate risk mitigation in its portfolio and property management:

• Reduce energy consumption in the property portfolio by at least 2 per cent per year
• Work and invest together with the customers to implement effective climate measures and improve the environmental qualities of the property portfolio
• Increase the amount of energy produced from renewable sources
• Reduce water consumption in the property portfolio
• Reduce waste and increase waste sorting rates
  • Goal of waste sorting rate of >70% in property management
  • Goal of waste sorting rate of >90% in development and renovation projects
• Review mitigating measures to reduce effects from potential physical climate risks

PPI works on increasing the percentage of buildings in the property portfolio which can be proven sustainable through objective criteria, such as the EU Taxonomy and/or BREEAM. PPI is currently in process of reviewing the EPC status of all properties and map performance improvement activities for the properties will low EPC status.

PPI is primarily involved in smaller projects involving renovation of (parts of) existing buildings and/or refurbishment projects for its tenants. Generally, PPI always works to increase the energy efficiency in its property portfolio and strives to use low carbon materials/reuse as much building material and inventory as possible in its development and renovation projects. PPI encourages their customers’ awareness of the significant emission reductions that are associated with increasing the level of reused materials and inventory in the project, and hence to promote reuse also in the choices that are made by the customers.

Social impact

PPI is a responsible owner, manager and developer of social infrastructure properties and has established relevant procedures and initiatives in its daily operations. PPI’s focus areas involve its employees and their working environment, working conditions and human rights in the supply chain, health, safety and community engagement. PPI works to promote equality and prevent discrimination in the workplace. PPI has set ethical requirements for its own operations as well as for suppliers and partners. When evaluating new initiatives, PPI seeks partners and suppliers with common values and targets.

It is fundamental for PPI’s success that its employees consider PPI to be an attractive place to work. PPI focuses on employee motivation and satisfaction, which are considered to form the basis for an individual’s desire and willingness to perform and contribute to the development of the company.

Business ethics and supply chain management

PPI’s Code of Conduct summarises the most important principles of the company’s social responsibilities, as well as personal, ethical and professional principles to which all employees must adhere, and which govern the company’s relationships with employees, customers, suppliers, society and shareholders. All managers in the Group are responsible for informing new employees about the company’s Code of Conduct. All employees, including managers, are responsible for adhering to the Code of Conduct and other applicable company policies, as well as about applicable legislation.

The Group has implemented a Supplier Code of Conduct and Supplier Requirements that all PPI’s suppliers need to sign and that are available on www.publicproperty.no. This enables PPI to request information more easily from its suppliers for verification purposes and to conduct reviews of the suppliers’ conditions as part of its routine control measures, aligned with the Transparency Act. All direct suppliers, licensing partners, and relevant indirect suppliers must contractually agree regarding their own operations as well as on behalf of their sub-suppliers’ operations to be evaluated on their performance.

PPI conducts regular evaluations of third-party entities, with a particular focus on safeguarding fundamental human rights and promoting fair working conditions. These evaluations are carried out prior to new assignments with suppliers, and in response to any reports or suspicions of violations related to fundamental human rights and working conditions.