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sustianbility Flashcards

1
Q

What is sustainability?

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

How can people / businesses be more sustainable?

A
  • reduce, reuse, recycle
  • Travel smarter - avoid airplans
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3
Q

What does Global Professional Guidance Note Sustainability and Commercial Property Valuation state?

A
  • Valuers must be fully aware of ways sustainability may impact on levels of value they report
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4
Q

What are building regulations?

A

A set of regulations and standards that all new buildings must be built to: eg fire safety, structure, ventilation

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5
Q

What does The Energy Act 2015 set out?

A
  • Unlawful to let properties with EPC of F or G from April 2018
  • Unlawful to continue to let from April 2023
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6
Q

What does EPC stand for?

A

Energy performance Certificate

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7
Q

What does an EPC show?

A
  • Current rating
  • Guidance on how to improve
  • What EPC could be if works were carried out and the energy/monitory saving
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8
Q

What properties do not require an EPC?

A
  • Listed buildings
  • Buildings with no heating
  • Religious buildings
  • Temporary buildings
  • Buildings due to be demolished/redeveloped
  • Residential units not occupied for more than 4 months of the year
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9
Q

What is the fine for not having an EPC?

A

12.5% of RV

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10
Q

What does The Energy Act set out?

A

April 2018 - unlawful to let a property with a EPC of F and G

April 2023 - unlawful to continue to a let a property with an EPC of a F and G

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11
Q

What are the proposals for MEES to be implemented?

A

April 2027 - unlawful to let a property with a EPC of a D and below

April 2030 unlawful to let a property with a EPC of a C and below

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12
Q

What does MEES stand for? and where does it apply?

A
  • Minimum Energy Efficiency Standards
  • England and Wales
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13
Q

What are the MEES exceptions?

A
  • less than 6 months or more than 99 years
  • all cost effective improvements have been implemented (pay back period 7 years)
  • if consent to complete works is not authorised by the tenant
  • if it would reduce the value of the property by more than 5%
  • improvements are more than £350,000
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14
Q

What is the penalty for not complying with MEES when should be?

A
  • £5,000 - £50,000 (10% of RV) for properties with less than 3 month rental
  • £10,000 - £150,000 (20% of RV) for properties with more than 3 month rental
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15
Q

What are the implications of MEES for LLs?

A
  • Some properties will be illegal to let unless they are upgraded
  • Valuations will be affected and marketability will be diminished
  • may impact rent review valuations
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16
Q

What did Climate Change Act 2008 set? how was this updated in 2019?

A
  • Government commitment to cut UK CO2 emissions by 80% on 1990 leves by 2050
  • Net zero real estate industry by 2050
17
Q

Who do Heat Network Regulations apply to?

A

any heat supplier:

eg - landlord supplies heating to a building.

18
Q

If Landlord is heat supplier, what must they do?

A
  • Notify the Office for Product Safety and Standers (OPSS). supply info including:
  • Location of communal heating
  • estimated capacity
  • how many dwellings are being supplied etc

This must be done every 4 years

19
Q

What does BREEAM stand for? and what is it?

A
  • Building Research Establishment Environmental Assessment Method
  • evaluates the ESG principles in a building and provides a rating from pass to outstanding
20
Q

Why is BREEAM better than EPC/MEES

A
  • BREEAM looks at a buildings performance through data.
  • BREEAM evaluates social and governance not just environmental
  • correlation between ratings and building value and rent
21
Q

What are the BREEAM Scores

A

Outstanding
Excellent
Very Good
Good
Pass

22
Q

What does BREEAM measure/score on?

A
  • Pollution
  • Transport
  • waste
  • energy
  • wellbeing
  • innovation
  • management
  • land use
23
Q

What are the key global agreements regarding climate change?

A
  • Paris Agreement
  • UN Framework Convention on Climate Change
24
Q

what is CSR

A

Corporate social responsibility. where companies self regulate to hit social goals

25
Q

Are you aware of any research completed by the RICS on Sustainability.

A
  • RICS carbon database
  • world environment forum
  • Professional statement of the whole life carbon assessment.
  • RICS sustainability report 2023
26
Q

Please explain your understanding of the Birchard Review

A
  • December 2021 after Levitt review
  • Independent review commissioned by RICS Governing Board
  • 36 recommendations
    1. Younger members should have a tronger voice
    2. Diversity and Inclusion panel
    3. Improvement of technology
27
Q

What is an SKA rating?

A

environmental assessment and benchmarking of fit outs.

28
Q

What is the climate change Levey

A

tax on energy to corporate users
- incentive to business to use less energy

29
Q

Building regs on sustainability

A

L

sustainability (2 decks)

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