Sustainability Flashcards
RICS commitment to sustainability
(5)
- RICS Global Compact published - ‘Advancing responsible business in land, construction, real estate use and investment’ 2018. How organisations can identify and address impact of their activities and decision making throughout the construction process.
- Evidenced based research - ‘sustainability rises up the agenda in UK FM sector’ 2021
- Rules of conduct: e.g. Rules 3.10 encourage sustainable solutions when advising clients
- Red Book Global - VPGA2 - consider esg when valuing - consult experts
- Guidance Note: ‘Sustainability and ESG guidance in commercial property, valuation and strategic advice’ 2021
- Certification - e.g. RICS SKA system for the fit-out of commercial premises (gold, silver, bronze)
Climate Change Act 2008
amended in 2019 to allow the UK to commit to ‘net zero’ carbon by 2050
Biodiversity Net Gain
Biodiversity net gain (BNG) is a way to contribute to the recovery of nature while developing land. It is making sure the habitat for wildlife is in a better state than it was before development.
Already in place but 10% biodiversity net gain (BNG) will become mandatory when Part 6 of the Environment Act 2021 comes into force in November 2023.
Already in place but 10% biodiversity net gain (BNG) will become mandatory when Part 6 of the Environment Act 2021 comes into force in November 2023.
November 2020
The UK government announced a 10-point plan for a ‘green industrial revolution’
- green finance
- greener buildings
- greener public transport
ESG - what does it stand for?
Environmental Social Governance
ESG - what is it?
It is a set of criteria that investors and companies use to evaluate a company’s sustainability and societal impact.
- Environment = company’s impact on the environment (carbon footprint, waste management and energy efficiency)
- Social = company’s impact on society (employee relations, D&I and community impact)
- Governance = how the company is managed (ethics, board composition, decision making)
MEES - 1 April 2018
All com and resi buildings with new leases - minimum of E
MEES - 1 April 2020
All resi buildings with existing and new leases - minimum of E
MEES - 1 April 2023
All com buildings with new and existing leases minimum of E (registered by 1/4/2025)
MEES Exemptions
(6)
- If building is exempt from needing an EPC (e.g. place of worship)
- if it has minimum energy usage e.g. a shed with no heating etc
- Lease less than 6 months or longer than 99 years
- When improvement to an E is not possible within the ‘7-year payback’ time. 3 quotes have to be obtained from energy assessors.
- When it can be proven that improvements could devalue the property by 5%
- When 3rd party consent from a tenant/landlord/planning authority is refused.
EPC what is it/what does it measure?
Energy Performance Certificate
Provides information on energy efficiency of a building. Help to make informed decisions about energy efficient buildings and encourages uptake of them.
EPC Exemptions
- Places of worship
- If listed/in conservation area and improvements would alter the character
- Buildings of less than 50 sq m in size
- Buildings with no heating
- Buildings due to be demolished
- Residential buildings occupied for less than 4 months of the year
EPC penalties for non compliance
Resi = £200
Commercial = 12.5% of RV (minimum of £500 and max of £5,000)
MEES Penalties (comm)
Breach less than 3 months = 10% of RV or £5,000 (max fine £50,000)
Breach more than 3 months = 20% RV or £10,000 (max fine £150,000)
MEES penalties police by…
Local Authority
Resi MEES penalties
less than 3 months - £2,000
more than 3 months - £4,000