Sustainability

Question 1

Which RICS best practice requirements make reference to Sustainability?

Answer 1

The red book 2021- VPGA 8

Guidance note: Sustainability and ESG guidance in commercial property valuation and strategic advice 2021

Question 2

Which act was amended in 2019 to require the UK to achieve Net Zero by 2050? with an interim target of reducing emissions by 78% by 2030?

Answer 2

The Climate Change Act 2008

Question 3

What other government announcements have been made relating to sustainability?

Answer 3

The green industrial revolution in 2020 - £12bn government investment in green jobs

Question 4

What is the better buildings partnership (BBP)?

Answer 4

Formed by funds and REIT’s publicly committing to achieving net zero carbon by 2050

Question 5

What are the current EPC rules?

Answer 5

All buildings over 50sq m require a valid EPC unless exempt or a place of worship

Listed buildings and places of worship are exempt

EPC must be commissioned within 7 days of commencing marketing

They are valid for 10 years

Question 6

When is an EPC required? MEES

Answer 6

All non-domestic property must have an EPC with a rating of E or better.

Question 7

The UK government has indicated that the minimum MEES threshold will rise to what by 2027?

Answer 7

C and B by 2030