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Sustainability > Phoebe Questions > Flashcards

Phoebe Questions Flashcards

1
Q

What is sustainability?

A

Meeting the needs of the present without compromising the ability of future generations to meet their own needs

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2
Q

How can people / businesses be more sustainable?

A

Reduce, reuse, recycle

Travel smarter - avoid airplanes

Limit plastic consumption - has huge impact on environment

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3
Q

What does Global Professional Guidance Note Sustainability and Commercial Property Valuation state?

A

Valuers must be fully aware of ways sustainability may impact on levels of value they report

EG impact of climate change on location, physical characteristics of building, attitudes of investors and occupiers

These factors all impact market rent, market value, investment value and fair value

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4
Q

What are building regualtions?

A

A set of regulations and standards that all new buildings must be built to

Structure, fire safety, ventillation, drainage and waste disposal, conservation of fuel and power, electrical safety etc

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5
Q

What does The Energy Act set out?

A

Unlawful to let properties with EPC of F or G from April 2018

Unlawful to continue to let from April 2023

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6
Q

Why does this impact PMs?

A

Our job is to maintain or increase value of assets, so PM needs to advise LL to spend money upgrading property to good EPC rating so they are lettable / sellable

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7
Q

Where do MEES apply?

A

England and Wales

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8
Q

When are LL’s exempt from complying with MEES?

A

All cost effective energy efficiency improvements have been carried out

Consent to undertake works is refused by third party EG Local Authority or current tenant

Experts provide written advice that improvement would devalue property by 5% or more or works could damage property

Exemptions last FIVE years and need to be logged on PRS Register created by Government

If cheapest improvement is £3,500 + (high cost)

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8
Q

What does EPC show?

A

Current rating

Guidance on how to improve

What works of improvement can be carried out

What EPC could be if works were carried out

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8
Q

What is the latest amendedment of Climate Change Act 2008?

A

2019 update to achieve Net Zero Carbon by 2050

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9
Q

Where does MEES not apply?

A

Leases of 6 months or less, or 99 years or more

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10
Q

What are the implications for LLs for not compling with MMES?

A

Some properties will be illegal to let unless they are upgraded

Valuations will be affected and marketability will be diminished

Rent reviews could be affected

Implications for dilapidation’s may come about

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10
Q

What is the penalty for not complying with MEES when should be?

A

£5,000 - £50,000 (10% of RV) for properties with less than 3 month rental

£10,000 - £150,000 (20% of RV) for properties with more than 3 month rental

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10
Q

What did Climate Change Act 2008 set?

A

Government commitment to cut UK CO2 emissions by 80% on 1990 leves by 2050

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10
Q

What buildings do not require EPC?

A

Listed buildings, buildings with no heating, religious buildings, temporary buildings, buildings due to be demolished/redevelped, and residential units not occupied for more than 4 months of the year

If do require EPC but not got one, fine is 12.5% of RV

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11
Q

Who do Heat Network Regulations apply to?

A

Any ‘heat supplier’

This could be a Landlord if there is communal heating IE

There is distribution of thermal energy (heat, steam, hot water, chilled liquids)

Thermal energy is used to provide hot water, heating or cooling

Building is occupied by more than one customer

Landlord apportions the bills

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12
Q

If Landlord is heat supplier, what must they do?

A

Notify the Office for Product Safety and Standards (OPSS) and provide information including:

Location of communal heating, estimated capacity, how many dwellings are being supplied etc

This must be done every 4 years

There is a template available for providing information

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13
Q

What is the purpose of a Sustainability Checklist?

A

Encourage new development and buildings that support community sustainability objectives

Provides local governments with process to meet sustainability and climate change objectives

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14
Q

What does BREEAM stand for?

A

Building Research Establishment Environmental Assessment Method

Longest established method of assessing, rating and certifying buildings

Used in over 50 countries

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15
Q

How does BREEAM work?

A

Undertaken by independent licenced assessors, and evaluates categories (EG energy, water use, pollution etc) and then rates building and provides certification (Pass, Good, etc)

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16
Q

What are advantages of BREEAM?

A

Increases asset value, reduces operating costs and good for marketing!

BREEAM rated buildings achieve 20% premium on rented/sales prices

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17
Q

What is the UK legislation for tacking climate change?

A

Climate Change Act 2008

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18
Q

What are the key global agreements regardling climate change?

A

UN Framework Convention on Climate Change

Kyoto Protocol

Paris Agreement

19
Q

What is the Paris Agreement?

A

Legally binding international treaty on climate change, adopted at COP 21 in Paris 2015

Goal is to limit global warming to below 1.5 degrees celsius, compared to pre-industrial levels

Five-year cycle of increasingly ambitious climate change action carried out by contries

20
Q

What is net zero?

A

The UK government aims to reduce all direct emissions from public sector buildings by 50% and 75% by 2032 and 2037 respectively

21
Q

What procedures does your firm implement to promote sustainability?

A

Recycling

No waste to landfill policy

LED lighting

22
Q

Examples of sustainable design features?

A

PV panels, heat pumps, LED lighting, rainwater harvesting and recycling, EV Charging Points, IBOS

23
Q

What is a carbon budget?

A

Places restriction on amount of greenhouse gases UK can emit over 5 year period

UK is first country to set legally binding budgets

24
Q

What is Infrastructure Act 2015?

A

Legislation for planning and infrastructure that targets transport, energy provision and significant infrastructure projects in the UK

Makes provisions to enable building regulations to provide for off-site carbon abatement measures

25
Q

What was the Non-Domestic Renewable Heat Incentive Scheme?

A

Government programme that provided financial incentives to increase uptake of renewable heat in businesses

Applications closed in March 2021

26
Q

What is Corporate Social Responsibility?

A

form of business self-regulatoin that ams to contribute to societal goals that are charitable in nature

27
Q

What is a SKA rating?

A

RICS environmental assessment to benchmark and standardise fit outs

28
Q

What is LEED?

A

Leadership in Energy and Environmental Design

29
Q

Where does MEES not apply?

A
  • Leases of 6 months or less, or 99 years or more
30
Q

When are LL’s exempt from complying with MEES?

A
  • All cost-effective energy efficiency improvements have been carried out
  • Consent to undertake works is refused by third party EG Local Authority or current tenant
  • Experts provide written advice that improvement would devalue property by 5% or more or works could damage property
  • Exemptions last FIVE years and need to be logged on PRS Register created by Government
  • If cheapest improvement is £3,500 + (high cost)
31
Q

What is the impact of MEES on Commercial Landlords?

A

From 1 April 2023, landlords will now be in breach of MEES duties if they continue to let a commercial property that has an EPC rating below E.

The risk if that if landlords do not improve their buildings EPC then they might be left with an obsolete asset.

32
Q

What are ‘cost effective’ energy improvements according to MEES?

A

“Cost-effective energy efficiency improvements are works to improve energy efficiency that will pay for themselves within seven years or less. The cost of the works must be less than the projected energy cost saving spread over seven years.

33
Q

What are the penalties for breaching MEES?

A

Where a commercial landlord continues to rent a sub-standard property a penalty notice could be served with fines issued up to £150,000.

The size of the fine will depend on the rateable value of the property and the length of the breach of MEES

34
Q

What is IBOS?

A

IBOS uses the latest IoT technology to provide a cloud-based platform to monitor, aggregate and analyse multiple data sets,

35
Q

What is IoT?

A

The term IoT, or Internet of Things, refers to the collective network of connected devices and the technology that facilitates communication between devices and the cloud, as well as between the devices themselves.

36
Q

Give me an example of where IBOS saved energy?

A

It identified that a fault in the boilers meant that they were running 24/7 though the Building Management System was instructing boilers to work within operating hours.

Helped to identify where energy was being consumed on vacant floors.

37
Q

What does IBOS stand for?

A

International Building Operation Standard (IBOS)

38
Q

How do you get a building BREEAM accredited ?

A

Reach out to a licensed BREEAM assessor or In-Use auditor.

The BREEAM In-Use auditor can also help you register your property for assessment and submit the evidence to BRE Global. This body will then examine the documents and, if satisfied, issue a certificate.

The certificate is valid for only one year but it can be renewed.

39
Q

What factors make up a BREEAM accreditation?

A

The scheme covers nine areas that can affect the sustainability and operational life of a building.

  1. Energy
  2. Water
  3. Materials
  4. Pollution
  5. Land Use and Ecology.
  6. Health and Well being
  7. Waste
  8. Transport
  9. Management
40
Q
  1. What’s the climate change levy?
A

Climate change levy from 2019 which is a tax on energy to non domestic users, renewable energy sources exempt

41
Q
  1. What is the Triple Bottom Line principle?
A

Concept involving business’ to focus on Social, Economic and Environmental aspects as well as their bottom line.

42
Q
  1. What is the Paris Agreement?
A

Action plan to limit global warming to a 2 degree rise over the next century.

43
Q
  1. What was the Kyoto Protocol?
A

Committed industrialised countries to reducing their greenhouse gasses and emissions by personal targets. 1997. US did not join.

44
Q

How is an EPC rating given?

A

There would be a letter A-G (A being the best) and a number 1-150 (0-25 being an A), number will show you how close it is to being improved/less.

44
Q
  1. What are the EU emission targets?
A

2020 – reduce by 37% of 1990 levels. 2030 – Reduce by 57% of 1990 levels. 2050 – Reduce by 80% of 1990 levels.

45
Q
  1. Whats an EPC?
A

Energy performance certificate, shows how energy efficient a building is

46
Q
  1. What information might I find on EPC?
A

Address of prop, and floor area, cert reference number, technical information on energy provision, estimation of running costs, the rating, benchmark information.

47
Q
  1. When must an EPC be commission for marketing?
A

Within 7 days of marketing, all online marketing material must have link to EPC front page.

48
Q
  1. Is there a penalty for not complying with marketing rules for an EPC?
A

Yes fine of £200 for non display for residential, equal to 12.5% of RV of building for commercial (min £500-5k max)

49
Q
  1. What is MEES?
A

Minimum energy efficiency standards, 2015- minimum level E EPC to let a build from April 2018, new leases from 2018 and any existing leases from 2023.

50
Q
A

Sustainability (1 decks)

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