Sustainability

Question 1

Define sustainabillity

Answer 1

meeting the needs of the present without compromising the ability of future generations to meet their own needs (three pillars, environmental, social and political and economic).’ (World Commission on Environment and Development (WCED) 1987.)

Question 2

Describe CJs main environmental policy statement

Answer 2

committed to preventing pollution, reducing carbon emissions, minimising any adverse impacts to the environment, resulting from our activities

Question 3

Describe CJ Energy Management Poicy

Answer 3

Policies to reduce energy saving within the office - switch off lights when not being used, install energy efficient light bulbs, recycling, turn off equipment when not required

Question 4

Describe EPCs

Answer 4

Energy Performance Certificates - compels owners of property to energy labelling and energy use reduction.

Question 5

When is an EPC required

Answer 5

For all new commercial buildings, over 50sqm; when newly built, sold or let for more than 6 months, newly refurbished, or heating/conditioning services are altered.
Residential - sale or lease of resi building

Question 6

Name EPC exemptions

Answer 6

listed buildings, buildings with no heating, religious buildings, buildings due to be demolished and residential buildings not occupied for at least four months

Question 7

Describe the MEES

Answer 7

Minimum Energy Efficiency Standards, 2015 (MEES)

• require a minimum of EPC rating E (G/F exempt), to let a building from 1st April 2018
  1. All new leases from April 2018 (commercial and resi), includes lease renewals and extensions
  2. All existing leases from 2020 for residential property
  3. all existing leases from 2023 for commerical property

Question 8

What are the MEES exemptions

Answer 8

if it does not require an EPC (religious/listed building),

Question 9

What are the predicted likely changes for EPCs and MEES by 2035

Answer 9

MEES will rise to C (UK target)

Question 10

How will MEES impact landlords and owners and lenders

Answer 10

• Failure to plan adequately could result in delays to letting the property or selling asset in a portfolio
• MEES issue in valuation where property to be valued is let or traded and purchased by an investor
• Possible impact on property value if below minimum standards – more risk to the purchaser
• Possible impact to rent