Sustainability - Summary of Experience Flashcards
Which buildings require an EPC?
All buildings over 50sqm
What is sustainability?
Meeting needs of today without compromising needs of future
What is your firms environmental policy?
- Net zero carbon in managed props by 2030
- Minimised energy + water use
- Promote reusable material
What is the RICS guidance on sustainability?
RICS Sustainability and commercial property valuation 3rd edition (2021) - Guidance note
RICS sustainability report (2023)
Where do MEES apply?
England and Wales
What is the triple bottom line?
sustainability framework focusing on people, planet and profit - to have strong impact on world but also benefitting financially
What is the purpose of an EPC?
Provides prospective buyers/tenants information on energy efficiency and env impact of property
- Include improvement recommendations
What is the paris agreement?
Signed 22/04/2016
Legally binding climate change treaty that sought to limit global warming to 2 degrees
Who is exempt from MEES?
- Listed buildings / buildings in conservation areas where compliance would alter character/appearance
- Temp buildings (under 2 years)
- Buildings to be demolished
- Places of worship
What are the goals under the climate change act 2008. Have there been any updates to this since?
UK Framework for cutting emissions - legally binding
- To be net zero by 2050
- 80% carbon reduction by 2030
New 2019 Climate Change Act update
- Must be 100% lower carbon than 1990 baseline (was 80% in original 2008 act)
What are the benefits of using EVORA for sustainability reporting?
- Integrate sustainability into PM
- Increased sustainability awareness
- Assists in improving sustainability within props
What is BREEAM?
Environmental assessment method and rating system for buildings and large-scale developments
- Aims to assess, improve and certify the sustainability of buildings based on their environmental, social, and economic impacts
Advantages of BREEAM?
- Increased asset value - 20% premium on prices
- Reduced operating costs
What does the NPPF say about sustainable development?
Provides framework so locally prepared plans can provide sufficient housing toward sustainable development
What do you think is the future of sustainability within property?
- Sustainable building standard proliferation - Intertwining with the use of smart building systems
- Collaboration between landlords and tenants
- Smart cities - collaborations between building types based on their use etc
What is the Kyoto protocol?
1992 target linked to UN framework on convention on climate change that committed parties to binding emissions reduction targets
How would you find an EPC?
Non-domestic option on Gov. site
How can people be more sustainable?
- Reduce, reuse, recycle
- Travel smart
- Limit plastic consumption
What is the energy savings opportunity scheme?
Mandatory energy saving scheme for large businesses
- These businesses conduct energy audits and measure consumption
How can carbon reductions and energy efficiency savings be made in buildings
design, construction, use, refurbishment - Across all stages of its life
What is the renewable heat incentive?
UK Gov scheme to encourage uptake of renewable heat tech amongst householders (financial incentives)
How can you be more sustainable (at work and home)?
- Turn off plugs (screens)
- Minimise shower time
- Recycle
How is RICS committed to sustainability?
Annual Sustainability Report 2023
- Need for suitable strategies to meet net zero
- Global benchmark for climate and climate sustainability practice
How does BREEAM work?
Assesses buildings based on a range of criteria:
- Energy
- Health + Wellbeing
- Management
- Pollution
- Land use
- Materials
- Water
- Waste
How does improving the EPC of the units at Croxley Park ensure that the letting ability of these units is improved?
- Energy compliance
- Reducing operating costs for LL and tenant
- Increased environmental value
- Attracting high quality tenants - bigger companies have more energy reporting requirements
Can you talk me through what IBOS is and its success?
Smart building system
- Enables automation and optimisation of buildings operations
- Enhanced occupier and maintenance interfaces delivered through mobile app
- Data sharing and analytics to spot energy use trends
When can a MEES exemption be applied for?
- High cost - if cheapest improvements more than £3,500
- All improvements made and still an E
- Devaluation - recommended improvement to reduce market value
Lasts for 5 years
What is ESG?
Environmental, Social governance
- Criteria establishing framework for assessing impact of a companys sustainability and ethical practices on its financial performance and operations
What is the UK’s current target for sustainability?
Net zero by 2050