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APC - PERSONAL > Sustainability L1 > Flashcards

Sustainability L1 Flashcards

1
Q

What is the definition of sustainability as outlined in the Brundtland Report (1987)?

A

‘Meeting the needs of the present without compromising the ability of future generations to meet their own needs’

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2
Q

What is the RICS Sustainabilty Report 2023 About?

A
  • Offers insights and global benchmark for issues related to climate, carbon and sustainble practice
  • Insights from around 4,600 global professionals
  • Discusses the adoption of the The RICS Whole Life Carbon Assessment
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3
Q

What is the a Whole Life Carbon Assessment (2nd Edition) July 2024?

In effective from July 2024

A

It provides a detailed methodolgy to enable a consistent and quantifable measure of carbon omissions from as asset thoughtout its whole life cycle including the deisgn stage right throught to end of life.

1 July 2024, RICS members need to follow the 2nd edition

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4
Q

What is the Decarbonising UK real estate report 2022 about?

A
  • Highlights that Real Estate contributes to around 25% of Carbon Omissions in the UK and that current poclicy and incentives are not sufficent
  • The report calls for
  • Modernisation of EPC scheme
  • Whole Life Carbon Assessments
  • Establishement of UK wide retrofit programme
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5
Q

What Regulation did the Energy Act 2011 introduce?

1

A

Energy Efficiency Regulation 2015

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6
Q

What Standards did the Energy Efficiency Regulation 2015 introduce?

A

Minimum Energy Efficency Standards
(MEES)

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7
Q

What are the current MEES?

A
  • Minimum EPC rating of E for all new leases from 2018
  • All exisiting leases required minimum E from 2023 for commerical and 2020 for residential
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8
Q

What is an EPC and what is it used for?

A

Energy Performance Certificate is a measure of how efficent a building operates in a standardised way. The grading system allows for comparison

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9
Q

When is an EPC Required?

A

On all Residential Buildings
On all Commerical Buildings Over 50 sqm
WHEN BUILT, LET, SOLD, Leases over 6 months

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10
Q

How long deos an EPC last for?

A

10 years

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11
Q

What buildings are exempt from EPC?

A
  • Listed buildings
  • Reglious buildings
  • Building with no heating/cooling
  • Tempory buildings
  • Building being demolished or redeveloped
  • Residential buildings not occupied for more than 4 months a year
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12
Q

What is a Display Energy Certificate?

A

Used in building accessed by the public that are over 250sqm and it displays the buildings enegry usage over the last 12 months

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13
Q

When can a building be exempt from MEES?

A
  • Building exempt of EPCs - Relgious Worship / Tempory building / etc.
  • 7 year payback exemption
  • When a tenacy is less than 6 months with no secuirty of tenure
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14
Q

What are penalties for non-compliance with MEES in comerical buildings?

A
  1. Policed by local authorties
  2. Upto 3 months breaches - Greater of £5K or 10% of RV upto £50K fine
  3. Over 3 month breaches - Greater of £10K or 20% of RV upto £150K

Commerical Buildings

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15
Q

What are penalties for non-compliance with MEES in residential buildings?

A
  1. Policed by local authorties
  2. Upto 3 months breaches - Upto £3K
  3. Over 3 month breaches - Upto £4K

Residential

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16
Q

What does BREEAM stand for?

BRE EAM

A

Building Research Establishment
Envrionmental Asessement Method

17
Q

What are the BREEAM grades?

A

Pass / Good / Very Good / Excellent / Outstanding

18
Q

What does the RICS SKA Rating Measure?

What are the levels?

Bronze/Silver/Gold

A

Measure of commerial fitout such design and fitout

19
Q

What is the Paris Agreement?

A

A binding treaty on climate change signed by 196 countries from 2016 to impliment envrionmental legislation and regulation

20
Q

What does the RICS Professional Standard Sustainability and ESG in Commerial Property Valuation and Strategic Advice provide guidance on?

A

Provides guidance on how to impliemnt ESG through assessing purpose based apprach and how to assess a buildings sustainablity characteristics

21
Q

What area of the Valuation Global Standards covers sustainabilty?

VPGA

A

VPGA 8 Valuation of Real Property Interest

22
Q

What guidance does VPGA 8 provide?

A

VPGA 8 Vluation of Real Property Interest outlines that Valuers should:
* Should be aware of sustainability factors and their implications in the long and short term
* Take care when assessing and commenting on ESG factors
* Should reccomend expert advice if needed

APC - PERSONAL (22 decks)

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