Peter Garré Managing Director Sustainability in real estate markets
Six trends in Responsible Management 1. A rise in sustainability reporting 2. An increase in the CFO's sustainability role 3. The emergence of employees as a key sustainability stakeholder force 4. Strong reporting on greenhouse gas emissions and mounting reporting on water use despite regulatory uncertainty 5. Growing concern about access to raw materials as a business supply chain issue 6. Special attention to outside rankings and ratings on the part of corporate executives Sources : Barometer 2011 MVO - Business & Society Belgium Market Survey Fall 2011 – Ernst & Young
Current and future legislation and regulation Increasing CSR involvement of the boards Improving Responsible Asset Management Creating healthy working, living and shopping places Supporting Real Estate Value Sustainability drivers Risk Assesment Long Term Value Liquidity
EU Ecolabel for Buildings… in progress
Certification and Benchmarking REF B ?
Status Report May 2011
BREEAM Strengths 21 years of research Recognized by major EU Real Estate investors Unique and consistent scoring mechanism CO 2 as a main differentiator Large range National Schemes Operators BESPOKE Schemes Applicable to the building stock : BREEAM In Use Shell & Core only Fit Out upgrade
BREEAM Commercial/Bespoke in Europe Over 600 projects registered in Europe certified projects in UK
BREEAM In Use in Europe