Sustainability Flashcards
Tell me about the definition of sustainability and how it attempts to balance multiple objectives.
- the ability to meet our own needs without prejudicing the ability of future generations to meet their own needs.’
- Brundtland Report 1987
Tell me about Climate Change Act 2008
- legal target for UK net zero
2050
Energy Act 2011
3 objectives:
- investment in energy efficiency;
- enhance energy security;
- investment in low carbon energy
MEES
Building regulations Part L changes
- require 25% improvement compared to 2006 regulations
- Future home standards
Tell me about the UK’s 2050 net zero carbon target as recommended by the Climate Change Committee.
- net-zero greenhouse gas 2050.
- commitment by signing Paris Agreement
Tell me about EPCs and Minimum Energy Efficiency Standards.
- MEES 2018 - applies to private rented residential and non-domestic properties.
- From 2018 cannot grant a tenancy to new or existing tenants with an EPC rating of F and G
- April 2020 landlords will not be able to continue letting the property.
- landlords must pay to EPC E.
- spending cap of £3,500
Tell me about BREEAM
- BRE’s Environmental Assessment Method (BREEAM)
- standardised assessment method for non-domestic new buildings or major refurbishments.
- % rating
Tell me about BOPAS
- Build Offsite Property Assurance Scheme
- a risk based evaluation which demonstrates that homes built from non-traditional methods and materials will last 60 years.
Tell me about RICS Sustainability Action Agenda.
- Part of RICS 2020 Futures Report
- PRACTICAL SOLUTIONS - future change
- BUILDING CARBON DATABASE - to benchmark designs
Building regs 2021 update?
Part L - Conservation of fuel and power in NB homes
Reduce emissions by 31%
2025 future homes standard
Talk me through the domestic energy assessment you carried out.
- Completed using RdSAP software
- Inputted data included wall construction thickness, roof, insulation, windows, doors, boilers, TRV etc
- Drew a floorplan
- Software creates the EPC rating and recommendations
What is the ‘heat loss perimeter’?
- The total length of wall that is exposed for each storey
How did you determine the level of insulation?
- Measured with a ruler
How did you input the data?
- Ipad
- Rdsap software
What recommendations for the EPC?
- Installation of cavity wall insulation
- Energy effiecint lightbulbs
- TRVs
Talk me through your research into recent flood events in the UK.
- Researched flood events using ‘Flood List’ website
- Collated the flood events
- Contacted the area valuer closest to each location
For which locations did you obtain event flood data?
- Various including Northern England, East Midlands, Scotland, North West, South West, Wales, South east
How did the flood events impact on value?
- Linked to type/severity of flood
- North West – impact on value due to works required andincreased risk of flood
- Other events more isolated and negligible impact on value
How was the data used by upper management?
- Used to assess the impact on value
- Assess whether current policies were strict enough
- Preliminary research for CBES (Climate Biennial Exploratory Scenario)
- CBES - explore the vulnerability of current business models to future climate policy pathways and the associated changes in global warming
VPGA 8 - need to read and summarise
Key question - extent to which the factors identified affect value
- assess extent the property meets the sustainability and ESG criteria - likelihood of these impacting on value,
Reb Book Global 2022 update
Jan 2022
Emphasising agreeing clear terms of engagement
PS 1 - Red Book compliance is binary. There is no such thing as quasi or partial Red Book valuation.
Requiring detailed commentary on sustainability and ESG matters
What is The Future Homes Standard?
- Due 2025
- require new homes to be ‘zero carbon ready’
- homes will produce at least 75% less carbon emissions than what’s currently allowed
- achieved by electrical heating instead of gas boilers
- heat pump and solar photovoltaic (PV) systems
What is RICS Sustainability Report 2021?
- Sought the opinions of over 4,000 professionals on sustainability issues
- Results indicate industry is making progress, but not at the rate needed to meet climate obligations.
- evidence of an emerging rent and price premium for green buildings, though a relatively small share report value uplifts exceeding 10%.
- Need for a global standard on carbon measurement.
ESG definition
Environmental, social and governance
framework for assessing the impact of the sustainability and ethical practices of a company
+ on its financial performance and operations.
