The value of sustainability

摘要

As the marketplace becomes increasingly competitive, there is a need to differentiate oneself as a high performer. From Andrew Vaughan the CEO of Redevco: ‘Greening our portfolio over the next two years is not only environmentally the right thing to do, it also makes sound businesssense’. One of the barriers to this is the result of split responsibilities within the real estate sector. Buildings built and/or managed to sustainability standards, such as Building Research Establishment Environmental Assessment Method (BREEAM) have been shown to minimise risk andgenerate maximum profit via: high and continuous rental income; low operating and maintenance cost; and low depreciation. Through certification and verification all parties can be confident in: the performance of assets and portfolios; comparability across building types and countries; theanalysis is based on sound science and standards; allows you to be one step ahead of legislation and industry best practices. UK valuers do not think we are paying a premier for green buildings but having to give a discount because the building is not performing well. This paper presents thebusiness case and value gained by being sustainable and how certification gives credibility to process and performance of portfolios and buildings.