Sustainability

Question 1

What is BREEAM?

Answer 1

Building Research Establishment Environmental Assessment Method

-Globally recognised benchmark used to assess sustainability credentials of a building

Question 2

What is the BREEAM Rating Scale?

Answer 2

Unclassified - Below 30%
Pass - 30-45%
Good - 45-55%
Very Good - 55%-70%
Excellent - 70%-85%
Outstanding - 85%+

Question 3

What is assessed in BREEAM?

Answer 3

Energy
Waste
Water
Pollution
Innovation
Resources

Question 4

What is your companies net zero policy?

Answer 4

Net zero by 2030 UK and 2040 Global

Question 5

What is MEES?

Answer 5

Minimum Energy Efficiency Standards

Question 6

What are current MEES Regulations?

Question 7

Lvl 2 A - Why was the property partially dilapidated?

Answer 7

Brickwork looked tired, cladding was poor and dated

Question 8

Lvl2 A - Key information for the property

Question 9

Lvl2 A - How does the unit having no EPC effect the valuation?

Answer 9

Note as a lender action point. Reference the fines if the gov find out… it’s up to £5,000 within the 3 month window and can become £10,000 past that

Question 10

Lvl 2 B - What were the main headings of the appraisal scorecard?

Answer 10

-Strategic Alignment
-Financial
-Deliverability

Question 11

Lvl 2 B - What were the individual headings within the strategic alignment section?

Answer 11

Integration Goals - Does it improve connectivity? So considering onward travel like buses, trams, taxis, cycling…

Environmental - Does it consider Renewable energy? Solar panels? Re-use of materials? Off site construction (modern method of construction)

Social Value - Does it add Greenspace? Does it Enhance accessibility? Deliver Affordable Housing?

Economic Impact - Job creation during construction and operation.

Question 12

Lvl 2 B - How did the scoring and weighting work?

Answer 12

Allowed us to consider how the different options achieved different outcomes against key client objectives.

During this feasibility study, viability was more of a consideration than a means to an end.

The same framework was applied to all stations - even though they all had different strengths and weaknesses.

Bigger stations and ones with more land ownership performed better as they had more delivery scope.

Question 13

Lvl 2 B - What eco-friendly materials and renewable energy considerations were considered?

Answer 13

Solar panels, Green roofs, Biophilic designs and re-using construction materials

But this was RIBA (Royal Institution of Royal Architects) stage 0 - Strategic Definition

Question 14

Lvl 2 B - What is energy infrastructure?

Answer 14

Just relating to more than just gas/oil energy uses, with wind and solar considerations

Question 15

Lvl2 B - What is social value?

Question 16

What is ESG?

Answer 16

Environment, Social and Governance

Question 17

What does operational carbon mean?

Question 18

What RICS Guidance is there for Sustainability?

Answer 18

RICS Valuation - Global Standards:
VPGA 8

RICS Professional Standard - Global - Sustainability and ESG in commercial property valuation and strategic advice

Question 19

RICS has published the UN Global compact communication engagement report. When was this published? What key Sustainability initiatives are included?

Answer 19

Issued June 2024

-The development of a Whole Life Carbon Assessment for the built environment;
-The built environment Carbon Database in collaboration with other professional bodies;
-The RICS Residential retrofit standard, 1st edition - framework to support professionals providing advice

Question 20

What is key in - RICS Professional Standard - Global - Sustainability and ESG in commercial property valuation and strategic advice, 2022?

Answer 20

-Impact of ESG on Value - MEES and social responsibility;

-Incorporating sustainability metrics like BREEAM, with better scores potentially resulting in higher rents, lower vacancies and lower yields;

-Ensure transparency in reporting