Sustainability Flashcards
(24 cards)
Define sustainability
Meeting the needs of the present without compromising the needs of the future.
What is sustainable development?
Maintaining economic development and social cohesion with the aim of reducing environmental consumption.
What did the RICS and UN global compact publish in 2018
Advancing responsible business in land construction, real estate use and investment
What does the above set out?
How organisations can identify and address the impact of their activities and decision making
What 4 things do the RICS do for sustainability in practice?
1) Evidence based research
2) Best practice requirements (rules of conduct/Red Book)
3) Environmental clauses in commercial leases
4) Certification
What is an example of a guidance note issued by the RICS?
Environmental Risks and Global Real Estate 2018
What is an example of an RICS certification scheme?
SKA rating system for fit out of commercial properties
What were two amendments made in 2019 to the climate change act 2008
1) Achieve zero carbon by 2050
2) Interim target to reduce emissions by 78% by 2030
What have a number of property funds and Reitts committed to in order to achieve Net Zero 2050?
Better Buildings Partnership Pledge
What is the ranking of issues adopted by the UK Green Building Council?
1) Establish Net Zero Carbon Scope
2) Reduce construction impacts
3) Reduce operational energy use
4) Increase renewable energy supply
5) Offset any remaining carbon
What is an EPC
Energy Performance Certificate - Addresses certification of buildings energy efficiency as well as attainment of minimum standards
What are the key provisions of an EPC
1) Higher standards of energy construction for new and refurbed buildings
2) Establishing calculation methodology of energy performance
3) Minimum requirements for energy performance of buildings
4) Energy certification for all buildings
5) Mandatory inspection of all boilers/AC
What are the current buildings which require an EPC
1) All buildings over 50sqm
2) Newly built, sold or let for term of more than 6 months (Less than 99 year lease)
3) Newly refurbed and heating/ac is altered
What are the requirements for EPC’s according to the recent legislation
From 1st April 2023 all existing leases on commercial buildings require EPC as well as new lease
What are the exemptions to EPC
1) Listed buildings
2) No heating
3) Religious buildings
4) Temporary
5) Due for demolish
6) Resi not occupied more than 4 months of a year
What are the EPC requirements for marketing
1) Must be commissioned within 7 days of marketing
2) Agents are responsible
3) Energy rating displayed
4) Online marketing must have a link
What must be included on the front page of an EPC Certificate
1) Address of property
2) EPC certificate reference number
3) Technical info on properties energy position
4) Estimation on running costs
5) Rating A+ to G
6) Benchmark info
How do you find a buildings EPC?
EPC online register
What are some exemptions from MEES
1) EPC not required
2) Industrial with low energy demand (No heating/AC
3) Tenant has less than 6 months security of tenure
4) Not feasible (energy savings must cover cost of improvements within 7 years)
5) If it devalues the property by 5% or more.
Where must exemptions be registered?
Local authority private rented sector exemptions register (renewed every 5 years)
What are the penalties with non compliance with EPC
Breach less than 3 months - £5,000 (or if greater than 10% of RV max £50k
Longer than 3 months up to £10k or 20% of RV max £150k
Are you aware of any other regulations relating to sustainability>
Energy Savings Opportunity
Climate change levy
What reason would you have an occupier want a lower mees rating?
Cheaper to run
