Sustainability Flashcards
What percentage of carbon emissions are buildings responsible for?
40% of all emissions.
What have you read recently that demonstrates the RICS’s commitment to Sustainability?
Value the Planet page on RICS website – includes links to UN sustainable development goals
The RICS ‘The Futures Report 2020’ highlights the need for the industry to adapt to the important issue of climate change in a strategic, commercially focused and sustainable way.
What are our legally binding commitments to Carbon Emission Targets, and in what Act were they set? (For an extra point – What did Theresa May alter them to?)
1.Reduce Carbon emissions by 80% on the 1990 levels by 2050, from the Climate Change Act 2008. (Net Zero Carbon by 2050 in 2019).
2.COP26 – Conference Of the Parties
3.In advance of COP26, UK enshrines new target in law to slash emissions by 78% by 2035.
Does the Energy Efficiency of a Building Effect it’s Value?
Yes, investors and occupiers are increasingly conscious about the carbon footprint of the buildings they own and occupy. Property professionals are increasingly conscious of the responsibility the built environment has. Additionally an inefficient building is likely to be a fiscal (and therefore CAPEX) liability in future.
Why do we have Energy Performance Certificates (EPCs)?
The EU Directive: Energy Performance of Buildings Directive (2010); which lead to the UK Government implementing the Energy Performance of Buildings (England & Wales) Regulations (2012).
What did the Energy Act 2011 Change for EPCs?
From April 2018, you cannot lease commercial or residential properties with an F or G-rating (two lowest ones).
Where do you find EPCs?
On the EPC register called the Energy Performance of Buildings Register from the Gov.Uk, there is a domestic and non-domestic register.
. What’s the Scale for EPCs?
0-150, gaps of 25, letters A-G. New building in the city of London benchmark would be c. a. 35
When are EPCs Required?
When a commercial building over 50m² is;
- Newly built
- Sold
- Leased for longer than 6 months
- Refurbished
- Heating/air conditioning is altered
- Lease is assigned / sub-let
And also for the Leasing and sale of residential property
Under what Circumstance might you not need an EPC?
If the building is listed, buildings that have no heating, religious buildings, temporary buildings, buildings that are due to be demolished.
What are the requirements in relation to EPCs when marketing a property?
You must commission the EPC within 7 days of beginning the marketing of the property (28 day limit for procurement). Agents are responsible for this, and only the letter must be displayed not the actual number if there is not enough space to do so.
All online marketing material must have a link to show the front page of the EPC document.
What is included on the front page of an EPC Certificate?
Property address, EPC reference number, Technical information on the property, estimated running costs, energy performance rating, benchmarking information.
How long is an EPC Valid for?
An EPC is valid for 10 years.
What are the Penalties for Non-Compliance with EPCs?
Local authority will fine you £200 for marketing a residential property without an EPC. For commercial the limit is 12.5% of the Rental Value of the Property (Collared at £500, and Capped at £5,000).
What are MEES?
MEES is the Minimum Energy Efficiency Standards (2015)
