The ESPRO Stockholm Conference 2006

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Presentation transcript:

The ESPRO Stockholm Conference 2006 SUSTAINABILITY: The Property Professional’s Role Ann Heywood PhD BSc FRICS Chair: RICS Presidential Commission on Sustainability Director: Principal Purpose- the sustainability consultancy

The ESPRO Stockholm Conference 2006 UK Government Priorities Sustainable consumption and production Energy and climate change Conservation of natural resources Sustainable communities

The ESPRO Stockholm Conference 2006

The ESPRO Stockholm Conference 2006 Facets of the Property Professional’s Role Planning and development Environmental Building construction Facilities management

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue Joint North America and UK project Multiple commercial and Government sponsors Multiple real life examples

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue What is a Green Building? “For the purposes of this study, green buildings are those that use resources efficiently, reduce waste and provide superior indoor air and other qualities.”

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue What is Green Value? “Green Value is the net additional value obtainable by a green building in the market.”

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue Green Value can: Be quicker to secure tenants Command higher rents or prices Enjoy lower tenant turnover Cost less to operate and maintain

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue Green Value can: Attract grants and subsidies Improve productivity for occupants, affecting churn and fit out costs Benefit occupants to an extent that may exceed asset value

GREEN VALUE www.rics.org/greenvalue The ESPRO Stockholm Conference 2006 GREEN VALUE www.rics.org/greenvalue Green Value- Next Steps: Improved valuation methodologies Improved green databases Changes to leases Improved building codes and regulations Improved communication of results

The ESPRO Stockholm Conference 2006