Sustainability Flashcards
What is the definition of sustainability?
Fulfilling the needs of today, without compromising the needs of tomorrow
What are building specific features that contribute to sustainability?
Wastewater, recycling, electric vehicles charging points, solar panels, sustainable access like bicycles or near public transport.
What is ESG?
(environmental, social and governance) credentials which are used to evaluate the sustainability and ethical impact of investments.
What is the importance of ESG?
In order for the built environment to keep moving forward and be in line with net zero emissions ESG helps promote this.
What does ESG stand for?
Environmental - An organisations impact to the planet?
Social - The impact an organisation has to its employees, consumers and community
Governance - This is to do with how an organisation is governed.
What are Allsop doing about ESG?
Allsop recently signed the BPF Net Zero Pledge to become carbon neutral by 2050
- Lease expires soon in our office building therefore we’re looking at environmentally friendly office spaces
- Recycle
- Encouraged to lower printing so our catalogues are purely online now
What are Allsop doing for the Social element?
Lionheart
Apprentice Scheme
What are Allsop doing for the Governance element?
AML training
Anti Bribery
Future leaders of tomorrow
What to best practice requirements should you be aware of?
Rules of Conduct 2021
Red Book Global VPGA 8
Guidance note “Sustainability and ESG Guidance in Commercial Property Valuation and Strategic Advice” (3rd edition) 2021.
Guidance Note “Environmental risks and global real estate” 2018
Why is sustainability important in the Real Estate sector?
- Climate change: energy use in buildings
- The carbon impacts of buildings through their construction, refurbishment fit out and demolition is also important
Why else is sustainability important?
The climate change act 2008 was amended in 2019 to require the UK to achieve ‘net zero carbon’ by 2050. An interim target of reducing emissions by 78% by 2030 was subsequently introduced.
Many funds and REITS have decided to target net zero emissions by 2050 under a Better Buildings Partnership.
What are the exemptions for MEES?
- Place of worship
- Industrial unit where there is no central heating
What is included in an EPC?
Address of property
Rating
Expiry date
Property type
Floor area
Assessors contact details
Breakdown of property’s energy performance
What is the Governments Carbon targets?
The Government has a target of reducing Carbon emissions by 78% by 2035 and to be net zero by 2050.
What are your thoughts on MEES being relaxed?
I am conscious of the environment and also concious that real estate ha a high contribution to carbon
