Sustainability

Question 1

What is Energy Act 2011?

Answer 1

Legislation brought in to tackle barriers to investment in energy efficiency
Focus on enhancing energy security and investment in low carbon energy
Green Deal - initiatives paid back via utility bills
MEES - targeted for 2015

Question 2

Legislation on energy?

Answer 2

Energy Act 2011
MEES 2015 (revised 2018)

Question 3

UN Global Compact and RICS Agenda 2030.

Answer 3

Areas of focus are :
- labour
- human rights
- environment
- anti corruption
17 sustainable goals - sustainability for life cycle of property/development and how that links/impact UN Compact Areas

Question 4

MEES 2021 update?

Answer 4

April 2023 - all existing leases cannot be less than E EPC rating.
Target for 2030 - EPC B
Interim target of EPC C for 2027

Question 5

Exemptions to MEES?

Answer 5

7 yeah baypack (Golden test)
Unable to get 3rd party consent
Impact Revaluation of at least -5%
Recently become LL - potentially 6 months exemption
Specific Listed property I.E. church

Question 6

Penalties for breach of MEES?

Answer 6

Up to 3 months - 10% RV, min £5k max £50k
More than 3 months - 20% RV, min £10k max £150k