Sustainability (Level 3) Flashcards
Level 1 - What are the three pillars of sustainability?
Environmental
Social
Economic
Level 1 - How do you become more sustainable?
waste management hierarchy (reduce, re-use, recycle)
Level 1 - What is ESG and why are ESG factors important for investors?
- socially responsible focus
- natural progression of CSR
Level 1 - what are Green Loans?
Green loans are a type of financing specifically designed to support projects that have a positive environmental impact.
Follow Green Loan Principles to ensure the loan is used to fund green projects. Transparency in reporting, borrower must meet sustainability elegibility.
Offer competative interest rates.
e.g. Renewable energy projects (e.g., solar panels, wind farms).
Level 1 - what are heat pumps?
2 types - air source / ground source
Devices that take air into building to warm internal environment
Use small amount of electricity
No fuel burnt, no GHG released - assuming electrcitiy is renewable
High install cost
Heating and cooling mode
Governments banning new gas boilers in new homes by 2025
Level 1 - What is included on a EPC?
EPC Score A-G
Score rating 0-100 (100=A)
Certiifcate Date
Assesor
Floor Area
Recomendation Report
kg/Co2/m2
Kw/h/year
Benchmark of similar buildings
Level 1 - What is sustainability?
Defined in The Brundtland Report 1987
“meeting the needs of the present without compromising the ability of future generations to meet their own needs.”
Level 1 - What professional standard relates to Whole Life of Carbon?
Whole Life Carbon Assessment for the Built Environment, 2024
(WLCA Standard)
Level 1 - What is the Whole Life Carbon Assessment for the Built Environment, July 2024 (Professional Standard)
(WLCA Standard)
- Framework for assessing carbon emissions across a building’s entire life cycle, including embodied and operational carbon.
- It covers life cycle stages from material sourcing to end-of-life and promotes consistent carbon reporting.
- The standard supports carbon benchmarking and helps align projects with the UK’s Net Zero targets.
- WLCA encourages the use of circular economy principles and helps identify strategies to reduce carbon emissions, ensuring that projects contribute to sustainability goals throughout their lifespan.
- It provides both mandatory and recommended practices for compliance.
Level 1 - What is RICS commitment to sustainability?
- Decarbonise the built environment, build climate resilient, promote biodiversity and embed circular economy principles.
- Recently participated at the inaugural Buildings and Climate Forum in Paris.
Level 1 - What is the definition of sustainability?
The Brundtland Report 1987
“meeting the needs of the present without compromising the ability of future generations to meet their own needs.”
Level 1 - What is an EPC and what is included?
Environmental Performance Certificate
- Address of property and floor area
- EPC certificate and reference number
- Technical information on the property’s energy provision
- Estimation of energy running costs
- An energy performance rating from A+ to G
- Benchmarking information
Level 1 - Where would you find an EPC?
EPC online register
Level 1 - When are properties exempt from an EPC?
- Listed buildings
- Buildings which have no heating
- Religious buildings
- Temporary buildings
- Buildings due to be demolished/redeveloped
Level 1 - Is an EPC required for sub-letting and assignment?
Yes
Level 1 - When is an EPC required?
- All commercial buildings over 50 sq m.
- Newly built, sold,, or let for term more than 6 months (&less than 99 years)
- When newly refurbsihed and HVAC altered / the building is subject to Building Regs for construction
EPC’s for Marketting - What are the EPC requirements for marketing?
- Must be commissioned within 7 days of the commencements of marketing (28-day limit for procurement)
- Agents are responsible for procuring EPCs
- Only the actual energy rating is required to be displayed on property and advertisements.
- Where space allows, the graph should be shown
- All online marketing material must have a link to the EPC to show the front page of the EPC
Level 1 - What are the penalties for failing to have an EPC? Who enforces the regulations?
Local authorities’ Trading Standards teams enforce the regulations.
Max. penalty = 12.5% of RV of building
(minimum £500 and maximum £5,000 fine).
Level 1 - What is the main legislation on EPC’s?
The Energy Performance of Buildings Regulations 2012
Ammended 2024
EPC’S
10 years unless building is altered
Level 1 - When are EPC’s required to be displayed?
For properties over 250m, frequently visited by public
e.g. schools, required to display EPC (DEC)
Fine of £500
EPC’s - What regulations does MEES fall under?
Energy Efficiency Regulations 2015
EPC’s - What do the Minimum Energy Efficiency Standards (MEES) as set out in the Energy Efficiency Regulations, 2015 require?
EPC E
New leases from 1 April 2018 to include lease renewals/extensions
All existing leases from 1 April 2023 for commercial properties
EPC’s - What are the exemptions for MEES regulation compliance?
- Places of worship.
- Where the tenancy is less than 6 months with no security of tenure.
- Where tenancy is for more than 99 years.
- When it is not feasible to improve the EPC rating to E or above even when all possible improvements with a payback of 7 years or sooner have been made. Three quotes from relevant works must be obtained from energy assessors.
- When the devaluation case can be proven, where improvements would reduce the market value of a property by more than 5%.
- When third-party consent from a tenant, landlord, or planning authority for improvements is refused or conditionally cannot be reasonably met by the landlord.
- Industrial units with low energy demand
Level 1 - Which MEES exemptions only last for 5 years and cannot be transferred on sale?
7 year payback rule - not feasible to improve to minimum, despite all improvements made with a payback period of 7 years or less have been made. Three quotes from relevant works must be obtained.
5% Devaluation Case - improvements would reduce the market value of a property by more than 5%.
3rd Party Consent refused - When third-party consent from a tenant, landlord, or planning authority for improvements is refused or conditionally cannot be reasonably met by the landlord.
lodged on centralised register
Level 1 - Where do you register exemptions?
PRS Exemptions Register and renewed five-yearly
Level 1 - what are current MEES expectations?
Consultation last year, white paper at the moment
2027 - C
2030 - B
Level 1 - What are the penalties for non-compliance with MEES?
Breach < 3 months – up to £5,000 or (if greater) 10% of the Rateable Value with a maximum penalty of £50,000
Break > 3 months – up to £10,000 or (if greater) 20% of the Rateable Value with a maximum penalty of £150,000
Enforced by local authorities
Level 1 - Who polices non-compliance with MEES?
Local Authority
Level 1 - Do MEES apply to sublettings and assignments?
Yes
Level 1 - What is the impact of MEES on Landlords?
- illegal to let (20% commercial properties in F and G bracket)
- valuation reduce if marketability reduces
What potential changes to MEES regime could take effect?
- may require EPC for listed buildings
ESOS - What is the Energy Savings Opportunity Scheme (ESOS)?
Energy Savings Oppertunity Scheme
ESOS is an energy assessment scheme that is mandatory for large organisations in the UK (more than 250 employees, turnover more than £50m).
They are required to:
- Measure total energy consumption across buildings, transport, and industrial activities.
- Conduct energy audits every 4 years to identify cost-effective energy efficiency recommendations.
- Report compliance to the Environment Agency. Penalties from EA if not.
Regulation - What is the Climate Change Levy (CCL)?
UK Tax on energy use (electric, gas, coal) to non-domestic users in the United Kingdom. Designed to improve energy effiiciency and reduce GHG.
Energy generated from renewable sources is exempt from CCL.
Exemptions: Some exemptions include low-energy businesses, charities, and certain types of energy use like renewables and combined heat and power (CHP) generation.
CCL revenues are intended to fund energy-saving initiatives and reduce overall business carbon footprints.
Level 1 - What are Display Energy Certificates (DECs)?
Display Energy Certificates (DECs) are required for public buildings over 250 sq. m.
They display actual energy used and carbon dioxide emissions.
Valid for 10 years if 250m2-1,000m2 or 1 year if more than 1,000m2
Level 1 - What is the penalty for now showing a DEC?
£500
Level 1 - What does BREEAM stand for?
Building Research Establishment Environmental Assessment Method
Longest established certifiication of sustainability since 1990
550,000 certified buildings in UK
Level 1 - What is a BREEAM rating?
A voluntary environmental assessment tool to rate new and refurbished commercial and residential buildings.
They are commonly being required to support planning applications
Level 1 - How many stages are there to BREEAM
2 stages
Design (interim certificate)
Post-construction (final certificate)
Level 1 - What are the 5 BREEAM ratings?
Pass
Good
Very Good
Excellent
Outstanding
0-100%
Level 1 - What are the benefits of BREEAM?
- increased CSR
- increased asset value
- good PR
Level 1 - How is BREEAM calculated?
Based on 9 weighted criteria, including energy, water, transport, waste, health and wellbeing