Sustainability Flashcards
What is the principal system for measuring ‘sustainability’ in the UK?
BREEAM
What is the principal system for measuring ‘sustainability’ globally?
LEED
What does ‘BREEAM’ stand for?
Building Research Establishment Environmental Assessment Method
What does ‘LEED’ stand for?
Leadership in Energy and Environmental Design
What are the three pillars of sustainability?
Social equity, economic viability, environmental protection
What is ‘ESG’?
No universal definition
I understand it as ‘Environmental and Social Governance’
Also commonly understood as ‘Environmental and Social goals’
What is ‘sustainability’?
No ‘official’ definition
Brundtland report (1992) definition is widely accepted - ‘development that meets the needs of the present without compromising the ability of future generations to meet their own needs’
Who are the ‘Better Building Partnership’ (BPP)?
Comprises 28 members, including some of the UK’s main property owners and managing agents
Includes over £180bn managed assets
Aim is to work together to improve the sustainability of commercial buildings.
What is the purpose of the ‘Acquisitions Sustainability Toolkit?’
Provides commercial property owners with a practical guide on how to include and review benefits and risks of sustainability as part of the acquisition process
Two sections:
1. Sustainability Investment Checklist.
2. 100-Day Review
What does the ‘Sustainability Investment Checklist’ provide?
Detailed overview of the key sustainability due diligences a prospective buyer should undertake.
What are some of the key recommendations of the ‘Sustainability Investment Checklist’?
Has a flood risk been undertaken?
Is the underlying land contaminated?
Have you checked historic map sites?
Review EPC to assess MEES risk
Is there a third party sustainability rating?
Does the building fabric present any risks?
Etc.
What is the aim of the ‘100-day review’?
To help review the post-acquisition process to make best use of future asset and property management.
What are some of the key recommendations from the ‘100 day review’?
Is there any outstanding due diligence information?
Has all the relevant due diligence information been integrated into your IT system?
Is the information received of satisfactory quality and reliability?
Have you adequately avoided, minimised or mitigated risks identified during the due diligence process?
Etc.
What are the RICS Resources available to help achieve net-zero carbon the the built environment?
RICS 2021 Sustainability Report
ICMS Life Cycle Costs & Carbon Emission Standards
RICS Whole Life Carbon Assessment in the Built Environment Professional Statement
Built Environment Carbon Database (BECD)
RICS Data Standards
RICS Life Cycle Cost and Carbon Learning Modules
What did the 2021 RICS Sustainability Report find the construction, operation and decommissioning of built assets contributed towards global greenhouse gas emissions?
40% of total global greenhouse emissions
What percentage of contributors to the 2021 RICS Sustainability Report stated they do not share their embodied carbon emissions?
55%
Which steps are highlighted in the RICS Caron Toolkit?
- Identify Gaps & Set carbon emission targets
- Classify, measure & qualify materials and products
- Conduct life cycle analysis (LCA) facilitated by interoperable data at project and product level
- Calculate and compare carbon emissions and costs over life cycle stages
- Measure, Learn & Benchmark actual carbon emissions data
What was the goal of the Paris Climate Accords?
To limit global warming to well below 2 degrees, preferably to 1.5 degrees Celsius, compared to pre-industrial levels
Can you tell me some relevant information about the Paris Climate Accords?
Legally binding international treaty concerning climate chanfe
Adopted by 196 parties (including the UK)
Agreed at COP21 in Paris
(Effective 2 November 2016)
How does the RICS Valuation (Red Book) 2022 understand ‘ESG’?
As ‘The criteria that together establish the framework for assessing the impact of the sustainability and ethical practices of a company on its financial performance and operations’
How does the RICS Valuation Global Standards, ‘The Red Book’ 2022 understand ‘sustainability’?
‘Sustainability is, for the purpose of these standards, taken to mean the consideration of matters such as (but not restricted to) environment and climate change, health and wellbeing, and personal and corporate responsibility that can or do impact on the valuation of an asset. In broad terms it is a desire to carry out activities without depleting resources or having harmful impacts.’
Can you give me an example of sustainable building materials in an international context?
Building designs and materials influenced by climate, geography, and resource ability.
Eg, in Saudi Arabia
Central: Adobe (form of clay or desert mud) is used for its malleability, availability and insulating qualities
Western: Stone and red brick
Jeddah: Coral from the red sea