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Mandatory > Sustainability > Flashcards

Sustainability Flashcards

1
Q

What are MEES?

A

Minimum Energy Efficiency Standards 2015

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2
Q

What is covered in teh RICS GN on Sustainabilty and Enviromental Socail Governance in Commercial Valuation and Strategic advice?

A
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3
Q

What is the definition of sustainability?

A
  • Brundtland report 1987
  • Meeting the needs of the present without compromising the ability of future generations to meet their own needs.
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4
Q

What was the chage to the Rules of Conduct 2021 regarding sustainability?

A
  • Rule 3 – provide good quality and diligent service
  • When advising client encourage sustainable solutions that minimise harm and deliver balanced economic, solial and environmental benefits
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5
Q

What are the current MEES regulations?

A

All existing leases form 1st April 2023 must be an E

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6
Q

Are there any planned changes to MEES?

A
  • Under consultation
  • C by 2027 (properties below C have to make improvements and log another EPC by April 2027)
  • B by 2030 (properties below B April 2030 have to make improvements and log another EPC by April 2030)
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7
Q

What is the tripple bottom line?

A
  • Social, environmental and economic
  • People, planet and profit
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8
Q

When is an EPC required?

A
  • Must be commissioned within 7 days of marketing
  • Newly built, sold or let for a term greater than 6 months (&less than 99 years)
  • Sub-letting or assignment of lease
  • When newly refurbished and heating, a/c or ventilation services are altered and/or the building is subject to Building Regulations for construction/changes
  • From 1st April 2023 all existing leases on commercial buildings require an EPC
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9
Q

How long does an EPC last?

A

10 years unless the building is altered requiring building regs at which point a new EPC is requried

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10
Q

When is an EPC not required?

A
  • No heating
  • Listed buildings
  • Religious buildings
  • Temporary buildings
  • Buildings due to be demolished/redeveloped
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11
Q

What are the exemptions for MEES?

A
  • If a building does not need an EPC
  • Industrial units with low energy demand (no heating/cooling)
  • Where tenancy less than 6 months with no security of tenure
  • Where the tenancy is more than 99 years
  • 7-year payback period (3 quotes for works)
  • Works proven to devalue the building by more than 5%
  • Exemptions last for 5 years and are not transferable on sale
  • Exemptions must be registered with local authority and renewed every 5 years.
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12
Q

What are the ramifications if a building is not MEES compliant?
Who policed by?

A
  • Policed by Local Authority
  • If breach less than 3 months – up to greater of £5,000 or 10% RV with max £50,000
  • If breach over 3 months – up to greater of £10,000 or 20% RV with max £150,000
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13
Q

What are the pressures that Real Estate places on the environment?

A
  • RICS Research UK commercial Real Estate Impact Report March 2022
  • Real Estate sector consumes 40% global energy
  • becomming increasingly important to public
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14
Q

How can surveyors help reduce the impact of real estate on the environment?

A
  • Rule of conduct 3 – Provide a high quality and diligent service including advising your client on sustainable solutions where most appropriate.
  • Rule of conduct 5 – act in the public interest, take responsibility and act to prevent harm
  • RICS Valuation – Global Standards 2021 VPGA8 – valuers should be aware of sustainability features and the implications these could have on property values short, medium and long term
  • Advising clients to seek specialist advise when out of the surveyors area of competence
  • Green leases
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15
Q

What is the energy legislation?

A
  • The Energy Efficiency (Private Rented Property) (England and Wales) Regulations 2015
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16
Q

What is the link betweeen biodiversity and net-zero carbon?

A
  • Increased biodiversity increases the amount of carbon dioxide naturally absorbed and stored, therefore taking it out of the atmosphere. Reduction of carbon .
17
Q

What are some clauses that may be added to a green lease?

A
  • Data sharing – landlord and tenant will share environmental related data they hold relating to the premises
  • Service charge – cost of auditing the Environmental Performance of the Building to be included. Where in interest of good estate management and cost effective to do so, implementing recommendations from environmental management plan (dependant on length of lease)
  • Alterations – No alterations to reduce building EPC
  • Landlords rights to do works – landlord may measure tenants energy and wate use and carry out works intended to improve Environmental Performance of the building (little disruption and plenty of notice)
  • Ethical exclusion policies on alienation (sanctioned individuals/fossil fuel companies)
  • Rent review – ensure specification attached to lease reflects demise only so landlords improvements can be valued.
  • Reinstatement – landlords discretion tenant may not be required to reinstate lawful alterations that would adversely affect Environmental Performance of the building.
18
Q

What is BREEAM?

A
  • The building Research Establishment Environmental Assessment Method
  • Voluntary tool to rate new and refurbished buildings
19
Q

What factors influence a buildings BREEAM rating?

A
  • Energy
  • Water
  • Transport links
  • Waste
  • Health and wellbeing
  • Ecology
  • Pollution
  • Managment
  • Materials
20
Q

What are the penalties for EPC?

A

Max penalty equal to 12.5% of RV with min £500 and max £5,000

21
Q

What are the penalties for MEES?

A

If breach less than 3 months - £5,000 or 10% RV max £50,000

If breach more than 3 months - £10,000 or 20% RV max £150,000

22
Q

Who are EPC and MEES policed by?

A

Local Authority

23
Q

2 stages of BREEAM cert?

A
  1. Design and construction - interim cert provided
  2. after PC full assesment leading to final certificate and rating awarded
24
Q

How are BREEAM scores calculated?

A

each 9 areas are scored then multiplied by their weighting to give a per cent

25
Q

What are the BREEAM scores available?

A

Unclassified - less than 30%
Pass - 31-44%
Good - 45 -55%
Very good -55- 69%
Exelent - 70 - 84%
Outstanding - over 85%

26
Q

Pros and cons of BREEAM?

A

Pros
- Increase comfort and productivity for staff
- more attractive to occupiers and investors

Cons
- higher capital costs
- complicated assesment method

27
Q

What does COP stand for?

A

Conference of partis

28
Q

Cop 21

A

Paris Agrement
Prevent global temp increaseing 1.5 degree
2015

29
Q

COP 27

A

focuss on loss and damage caused by extream weather

set up a loss and damage fund by more economicaly developed countries to help contires imapcted by loss due to cliamte change

Mandatory (11 decks)

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