Sustainability (L1M) Flashcards

1
Q

What is sustainable development?

A

Development that meets the needs of the present generation, without comprising the ability of future generations to meet their own needs.
- Economic
- Social
Environmental

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2
Q

What does an EPC do?

A
  • Summarises a building’s energy efficiency and provides advice on how to improve its energy efficiency (with indicative costs).
  • Ranks buildings from A to G with ‘current and potential ratings’
  • Valid for 10 years
  • Cost up to £120
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3
Q

How could the EPC of a building be improved?

A
  • Insulation for your floor, roof, loft or walls
  • Double glazing
  • Solar panels (produce cheaper, greener energy).
  • Low-energy lighting (LED lighting)
  • Improve heating system
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4
Q

What are the Minimum Energy Efficiency Standards?

A
  • Came into force in 2018
  • All properties being let or sold in England or Wales must have a minimum EPC rating of E or above
  • Policed by Local Authority
  • Some exemptions (small, listed, religious, temporary or to be demolished
  • Fines for non-compliance
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5
Q

Are there plans to change EPC rules?

A

EPCs for commercial buildings to be C and above by 2027 and B and above by 2030.

Resi must be EPC C and above for new lettings by 2025, existing lettings by 2028 and sales by 2035. If can demonstrate spent £10k on resi, should be okay.

All properties to be zero carbon by 2050.

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6
Q

What is BREEAM?

A

Building Research Establishment’s Environmental Assessment Method:

  • International scheme
  • 3rd party certificates by impartial experts
  • Range from acceptable to outstanding (pass, good, v good, excellent, outstanding)
  • Has a tool which focuses on neighbourhood development
  • Energy use, water use, transport links, well-being (more holistic)
  • Voluntary and for commercial buildings in UK
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7
Q

What legislation in the UK is aimed at tackling climate change?

A
  • Climate Change Act 2008:
  • Original act, passed in 2008, committed the UK to an 80% reduction of greenhouse gas emissions by 2050, compared to 1990 levels.
  • In 2019, the Climate Change Act 2008 (2050 Target Amendment) Order 2019 was passed which increased the UK’s commitment to a 100% reduction in emissions by 2050
  • Energy Act 2011 - paved the way for a stp change in the provision of energy efficiency measures to homes and businesses. Was the precursor to MEES.
  • Minimum Energy Efficiency Standards 2015 - makes it unlawful for landlords to grant new lease of properties that have an EPC rating below E.
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8
Q

What is COP26?

A

Conference of the Parties 26:

  • Will bring parties together to accelerate action towards the goals of the Paris Agreement and the UN Framework Convention on Climate Change
  • To involve countries that signed the United Nations Framework Convention on Climate Change (UNFCCC) (a treaty that came into force in 1994)
  • Glasgow: 31 Oct - 12 Nov
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9
Q

What is the Kyoto Protocol?

A

Kyoto Protocol 1997:

  • International treaty to reduce greenhouse gas emissions based on the scientific consensus that global warming is occurring and that human-made CO₂ emissions are driving it.
  • Binding GHG emissions reduction targets
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10
Q

What is the Paris Agreement?

A

Paris Agreement 2016:

  • Aims to keep global average temperature under 2 degrees celcius above pre-industrial levels (1.5 degrees C if possible)
  • Improve ability to adapt to adverse impacts of climate change
  • Sets ambitious targets to contribute to mitigation
  • USA withdrew in 2017, rejoined in 2021
  • International treaty which covers mitigation, adaptation and finance.
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11
Q

What is the difference between the Kyoto Protocol and the Paris Agreement?

A

The Kyoto Protocol required only developed countries to reduce emissions, while the Paris Agreement recognised that climate change is a shared problem and called on all countries to set emissions targets.

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12
Q

What was the outcome of the G7 summit in June 2021?

A

The G7 summit (Carbis Bay, Cornwall):
- Broadly exemplified the resilience of the G7 forum, and demonstrated a renewed commitment by democratic nations to come together to reinvigorate the liberal world order, in the face of existential threats.

Key takeaways:

  • Pledged to deliver A billion doses of COVID-19 vaccine
  • Phase out coal-fired power generation at home and to end funding for new coal-burning power plants in the developing world.
  • US back on the table
  • Tech giants and tax havens targeted
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13
Q

What is the G7?

A

The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom and the United States

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14
Q

What do you do to reduce your carbon footprint?

A
  • Minimising printing

- Using green methods of transport as much as possible

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15
Q

What is on the front page of an EPC?

A
  • Address
  • Floor area
  • EPC reference number
  • Technical information on energy performance
  • Estimated running costs
  • Energy performance rating (A to G)
  • Benchmarking information
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16
Q

What types of buildings are exempt from EPCs?

A
  • Listed buildings & buildings in conservation areas have a qualified exemption (listed building does not require where requirements to meet standards would substantially alter property - apply for exemption - can’t put double glazing windows in as it would alter…)
  • Religious buildings
  • Buildings to be demolished are also exempt
  • Standalone buildings with less than 50sqm floorspace
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17
Q

What is the penalty for failing to make an EPC available to any prospective buyer or tenant when selling or letting non-dwellings?

A

Fixed, in most cases, at 12.5 per cent of the rateable value of the building, with a default penalty of £750 where the formula cannot be applied.

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18
Q

Who are EPCs policed by?

A

Local Authorities

19
Q

What are some key points in the real estate industry for reducing sustainability?

A
  • Make buildings and building more efficient
  • Modular/wooden frame buildings
  • Do not deplete non-renewable resources
  • Sustainable transport
20
Q

What are the MEES?

A
  • Minimum Energy Efficiency Standards
  • April 2015
  • Illegal to grant a new lease if an EPC rating of F or G
21
Q

What is the 2030 agenda for sustainability?

A

to end poverty and hunger, realise the human rights of all, achieve gender equality and the empowerment of all women and girls, and ensure the lasting protection of the planet and its natural resources.

22
Q

What are the penalties for not having or failing EPC?

A
  • £200 if resi

- 12.5% of RV of commercial property £500 to £5000

23
Q

What does the NPPF state about sustainability?

A
  • The purpose of the planning system is to contribute to the achievement of sustainable development.
    3 objectives:
  • Economic - building a strong, responsive and competitive economy
  • Social = supporting strong, vibrant and healthy communities
  • Environmental = contributing to protecting and enhancing the natural, built and historic environment, including adapting to climate change and moving to low carbon economy.
24
Q

Why is sustainability important to you?

A
  • Earth’s capacity is finite. Unsustainable land use practices, buildings and construction with an ever-growing population are putting pressure on natural resources, ecology and habitats.
  • RICS and its members are committed to creating and maintaining a healthy environment for today and future generations.
25
Q

What is the UK Government’s ambition in relation to sustainability?

A

To have net zero carbon emissions by 2050 - this will require significant effort throughout the property industry.

26
Q

When are Energy Performance Certificates required?

A

All commercial buildings over 50 sq m - ESTIMATED

  • When a property is sold
  • When a property is let
  • When a property is newly built
  • When a property is newly refurbished and heading, air conditioning/ventilation services are altered
  • The sale or lease of residential buildings and refurbishment schemes are now included
  • Sub-letting or assignment of a lease
  • Valid for 10 years unless there are alterations to the building
27
Q

If you are marketing a property, when must an EPC be commissioned?

A

EPCs must be commissioned within 7 days of the commencement of marketing
If this cannot be done – maximum time period allowed is 28 days (extra 21 days for procurement given)
Agent’s responsibility to procure – grade and score only required on marketing particulars (Jan 2013)

28
Q

When are Energy Performance Certificates required?

A

ah

29
Q

What properties are exempt from obtaining Energy Performance Certificates?

A

ah

30
Q

If you are marketing a property, when must an EPC be commissioned?

A

ah

31
Q

What are the 3 principles of sustainability? How have these been incorporated into National Planning Policy?

A

a

32
Q

What does BREEAM stand for?

A

Building Research Establishment Environmental Assessment Method

33
Q

If you’re selling a property where the EPC is below a certain level, what level is that and what steps would you have to take?

A

a

34
Q

Are you able to sell that property before those measures are in place?

A

a

35
Q

What happened at COP26?

A

The two-week meeting was seen as a critical moment for commitments and action after richer nations had failed to raise the $100bn annual climate funding they had promised to vulnerable countries and the gap to staying below 1.5C loomed large.

Some were disappointed that this COP once again failed to provide vulnerable nations with the money to rebuild and respond to the unavoidable impacts of climate change.

36
Q

What can banks and lenders do to promote sustainable development?

A

Banks in lenders in terms of financing are looking to introduce green deals - greener and more sustainable the development, they will be able to cut their interest rates slightly.

37
Q

What are ESGs?

A

Environmental, social, and governance (ESG) criteria are a set of standards for a company’s operations that socially conscious investors use to screen potential investments. Environmental criteria consider how a company performs as a steward of nature. Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates.

38
Q

What percentage of global carbon emissions is the built environment responsible for?

A

40%

39
Q

What is ICMS 3?

A

RICS is one of 49 globally prominent organisations that have developed ICMS 3 - a world first for cost and carbon management in construction, from concept to completion and beyond.

Fostering confident markets and driving positive social impact for 150 years, the RICS is now pioneering sustainable practices that assist the construction industry to manage and mitigate climate-related risk.

40
Q

What is a Green Roof?

A

A green roof or living roof is a roof of a building that is partially or completely covered with vegetation and a growing medium, planted over a waterproofing membrane. It may also include additional layers such as a root barrier and drainage and irrigation systems.

41
Q

What are Photovoltaics?

A

Photovoltaics is the conversion of light into electricity using semiconducting materials that exhibit the photovoltaic effect, a phenomenon studied in physics, photochemistry, and electrochemistry. The photovoltaic effect is commercially utilized for electricity generation and as photosensors.

42
Q

What is ESG?

A

Environmental, Social and Corporate Governance: an evaluation of a firm’s collective conscientiousness for social and environmental factors. It is typically a score that is compiled from data collected surrounding specific metrics related to intangible assets within the enterprise.

43
Q

What is the RICS Value the Planet campaign?

A

Our Value the Planet campaign promotes the preservation of the planet through the implementation of the UN’s sustainable development goals. We encourage our professionals to implement the Sustainable Development Goals.

44
Q

What is the RICS Responsible Business Report?

A

RICS Responsible Business Report provides a series of recommendations for real estate firms to create more forward-thinking, responsible business practices.