Benefits for practitioners and clients include: making more efficient use of energy and natural resources, minimising waste, and optimising recycling and reuse, improving remediation so secondary impacts are reduced. EUROPE Three quarters of contributors in Europe are using digital tools and data to complete environmental and sustainability assessments of projects. There are a number of complex exemptions that apply in various circumstances. Interested in CABE membership? Lenders should follow the Loan Market Association's Green Loan Principles. Certainly in the UK there is a clear trend towards sustainability being increasingly valued and entrenched in market practice. RICS Sustainability Report respondents report that Construction professionals in the UK are beginning to embrace digital tools and technologies to complete sustainability-related analysis for construction projects, predominantly to assess energy needs and costs, but they are less likely to utilise these tools to reduce embodied carbon or to measure the impact on biodiversity. With Europe leading the way with around 52% of contributors across the region seeing a modest increase in demand, just under the one-quarter state that occupier interest in green/sustainable buildings has increased significantly. As demand for sustainable buildings continues to increase not just in the UK but on a global scale, it is impacting both rents and prices, with a significant share of contributors seeing a market premium for sustainable buildings, and citing that non-green real estate assets are subject to a brown discount. However, the data also shows there has been little or no change in some important areas in the past 12 months. All rights reserved. UN Sustainable Development Goals (SDGs): in 2015, the UN published a list of 17 SDGs as a part of the 2030 Agenda for Sustainable Development. Including information on land contamination in regional and site-specific planning means its management can be integrated with the development process. Risk in this context is a combination of the likelihood that harm will occur as a result of land contamination and the scale and seriousness of such harm if it did occur. 'Demand for sustainable commercial property rises in the UK' Jun 02, 2023. rics.org/sustainability Around 70% What is the new RICS Value the Planet campaign? | Journals | RICS It is based on the principle of selecting plants that help conserve water, and it can contribute to creating more sustainable green spaces. UN objectives. The 2022 RICS Sustainability Report, which collated sentiment from almost 4,000 chartered surveyor contributors, around 1200 of which are from the UK, across commercial and construction sectors globally, shows that some improvement in the push for sustainability has been made in the past year, notably in the commercial real estate sector as dema. Table 1: Examples of SMPs with the associated benefits of implementing them on a project. To judge whether or not such reading would be suitable for your summary of experience or CPD record, you should try to verbalise your learning being specific can help you recall your content at final assessment. If you are a lawyer or work in a legal capacity, please register for a free trial to see if Practical Laws resources are right for your business. Part L of the Building Regulations: this concerns the conservation of fuel and power, with guidance on compliance being given in the four parts of accompanying Approved Document L1A, L1B, L2A and L2B. This decision is full of the same short-term capital cost-driven thinking that dogs many construction projects of all sizes in the UK. Key features of Passivhaus design for both commercial and residential buildings include high levels of airtightness, minimal thermal bridging, optimisation of passive solar gain, mechanical ventilation with heat recovery, and high levels of insulation. The report finds that occupier demand for sustainable buildings is still moderate in many countries and actually falling year-on-year from 2021 to 2022 in the Americas and Asia Pacific (58% to 45% of respondents reporting rising demand in the Americas and 56% to 49% in APAC). The RICS futures report 2020 Published by WPB , 2021-02-04 01:01:15 Description: This is a report about change. The 2022 RICS Sustainability Report, which collated sentiment from almost 4,000 chartered surveyor contributors globally across commercial and construction sectors, shows that some improvement in the push for sustainability has been made in the past year, notably in the commercial real estate sector as demand for green buildings continues to rise. Based on its findings, the Report concludes that the development of a professional decarbonisation toolkit is required to meaningfully address the issue. This approach is supported by a robust range of standards, codes of practice and technical guidance published by authoritative institutions and organisations. The work that shapes our world. Welcome to RICS . The figures suggest Europe is seeing stronger progress on sustainability in the built environment due to the spotlight being turned on green buildings by the European Commissions Green Deal. The low margins that main contractors make are also well documented. It establishes a presumption in favour of this, basing its understanding on the 1987 report Our Common Future where sustainable development is defined as meeting current needs without compromising the ability of future generations to meet theirs. By comparison, Europes figure is lower with 40% of respondents reporting that digital tools and processes are used to complete sustainability assessments on less than half or none of their projects, indicating that the UK is falling behind the rest of the region. In Europe, the region most often reporting this as a barrier, it is a key factor for 40% (cultural) and 33% (skills) of respondents. 72.52.144.50 In fact, about half of respondents blame their reluctance to measure on a lack of tools, databases, benchmarks and guidance, once again putting the ball firmly in the legislators and regulators court. Organisations themselves are addressingissues such as climate change, despite the political situation. If we don't make the necessary changes ourselves we will find new entrants to the market bringing innovations from other sectors, which could be disruptive to the traditional way of doing things. Digital technology is transforming the global construction sector but the Report highlights that digital tools and processes are used in a limited way for completing environmental and sustainability assessments on projects. LAND JOURNAL Using sustainable practices in land remediation Recent guidance from the UK Sustainable Remediation Forum sets out a practical and robust approach for embedding sustainability into contaminated land management Author: Richard Gill 22 April 2022 Environmental management Minerals and waste management Sustainability Some example SMPs and the related indicators can be seen in Figures 14. Lack of tools, databases, established standards and benchmarks were identified as key obstacles. The 2022 RICS Sustainability Report, which collated sentiment from almost 4,000 chartered surveyor contributors, around 1200 of which are from the UK, across commercial and construction sectors globally, shows that some improvement in the push for sustainability has been made in the past year, notably in the commercial real estate sector as demand for green buildings continues to rise. Get Modus features sent straight to your inbox by signing up for the newsletter. Policymakers in other regions turning their attention towards sustainable real estate will lead to market shifts elsewhere, the report notes. Comparing the UK to the rest of Europe where the pick-up in investor demand is again stronger, around 80% of those surveyed across the whole of Europe see an increase in investor demand for green/sustainable real estate in the past year. Performance & security by Cloudflare. Survey respondents report that Construction professionals in the UK are beginning to embrace digital tools and technologies to complete sustainability-related analysis for construction projects, predominantly to assess energy needs and costs, but they are less likely to utilise these tools to reduce embodied carbon or to measure the impact on biodiversity. This problem can be seen in more detail in the UK-specific Decarbonising Real Estate report released by RICS in November: In terms of embodied carbon, the complete lack of regulation creates a situation where an increasingly significant part of real estate emissions is not only uncontrolled, but not even measured. Barriers to progress cited in the report have included a lack of established standards, guidance and tools. Bringing together members, who work across the life-cycle of the built environment specialising across a wide range of disciplines, CABE shares knowledge, raises standards and develops professionals, enabling them to meet the highest standards we all expect of them. Other economies have similar targets: the US aims for a 56% reduction of 2005 levels, Australia for 26% and, in Japan, the figure is 46% of 2014 emissions. What is the best way for construction companies to target and track the sustainability of the supply chain? The 2022 RICS Sustainability Report shows that some improvement in the push for sustainability has been made in the past year, notably in the commercial real estate sector as demand for green buildings continues to rise. Source: SuRF-UK/CLAIRE. It requires companies of 250 or more employees, turnover of more than 36m or a balance sheet of more than 18m to report on their energy consumption and greenhouse gas emissions by submitting financial accounts to Companies House. This improves the sustainability of a project without requiring a formal sustainability assessment, as described in the SuRF-UK framework. The work of RICS professionals is hugely varied - watch our video to see how their work shapes our world. RICS Sustainability Report 2022: built environment must progress on Download full infographic. RICS Sustainability Report 2022: some green shoots? All Rights Reserved, Green gauge: analysing the RICS Sustainability Report, Kisa Zehra, global sustainability lead, RICS, The rise of the chief sustainability officer, Energy Performance of Public Buildings directive, significantly higher in most large European countries, Register for the latest updates from MODUS, International Standard Serial number (ISSN) 2753-7862, Register for the latest updates from Journals. A CPD entry or part of your summary of experience on reading an article may prompt a question such as 'Tell me about your learning outcome from what you read'. . 47% of respondents in the UK report that digital tools and processes are used to complete sustainability assessments on less than half or none of their projects. Research Sustainability Report 2021 share In any given year, the construction, operation and decommissioning of buildings will be responsible for roughly 40% of total global greenhouse gas emissions. Read the Text Version Pages: 1 - 31 The data also shows there has been little or no change in some important areas in the past 12 months. With more than 40 per cent of the UK's carbon footprint attributed to the built environment, knowledge of the ways the profession can raise awareness and tackle this is crucial. Passivhaus: this voluntary energy efficiency standard aims to create buildings that use substantially less energy for heating than those constructed in line with current Building Regulations. Using sustainable practices in land remediation | Journals | RICS Sustainability - RICS Similarly, unlike those in England, places of worship and listed and historic buildings north of the border need an EPC if they are let or sold, while buildings there of more than 1,000m2 require both an EPC and a section 63 action plan on energy efficiency improvements. Corrina Jones MRICS on LinkedIn: RICS Sustainability Report 2022 While such systems can remain in use until they are obsolete, they can then be converted to use a different gas such as R4410A, or replaced with an entirely new system. Minimum Energy Efficiency Standards (MEES): the standards were introduced to set a minimum EPC rating of E for rented residential and commercial buildings. One of the key messages from the Report is that such tools, databases and standards need to continue to evolve in a collaborative way. However, it is equally fair to say that industry must adopt these tools and standards where they are available and should make carbon assessment and management an integral part of business practice. 55% of respondents note a rise in climate risk assessments by investors on their built assets, suggesting that climate issues could be influencing the behaviour of key market players. Display Energy Certificate (DEC): certificates are required in public buildings of more than 250m2 and must be shown in a prominent and visible place. One of the most disappointing aspects of the report is how hampered professionals feel by the slow adoption of digital tools to measure sustainability. These offer an easy way to improve the environmental, social and economic performance of a contaminated land project or portfolio of works at any stage. Commercial Property: While the appetite to seek green buildings in the commercial property sector continues to rise in the UK, the change is modest. Standard Chartered is in a unique position to support the industry's transition to a more transparent, efficient and secure infrastructure, while also ensuring the sustainability of supply chain . The Practical Law team and our guest bloggers share their experience and opinions relating to construction and engineering law and projects. RICS: Less than half of UK construction projects measure embodied Modus Out of the deep: 7 massive land reclamation projects When a city needs more space to build on or better defences from coastal erosion, land reclamation can provide a solution. What do you believe this says about the government's commitment to sustainability? The SuRF-UK sustainable remediation framework has widespread support across the contaminated land sector in the UK, from both practitioners and regulators. With more than half of the UK respondents also saying that they dont measure embodied carbon, even for those that do, less than 14% use it to select the materials they use in their project. National Planning Policy Framework (NPPF): the latest iteration of the NPPF, published in 2021, includes a specific section on achieving sustainable development. Streamlined Energy and Carbon Reporting (SECR): this framework replaced the former Carbon Reduction Commitment (CRC) scheme in 2019. Progress is being seen in some aspects of the built environment on the drive to be more sustainable, according to the 2022 RICS Sustainability Report, however the rate of advancement needs to accelerate significantly and become more widespread. Bridging the Gap: Private investment in future infrastructure provision This website is using a security service to protect itself from online attacks. Future of Trade 2023 | Standard Chartered - sc.com AB: This was a tough target that was set to provoke a significant change in the industry. AB: The two things are not directly comparable. RICS releases annual RICS Sustainability Report RICS Sustainability Report 2022 - UK - BDC Magazine Reproduction of any part is not allowed without written permission. Establish criteria in the specification to ensure that suppliers provide more sustainable products and services. Industry must, however, help drive the establishment of standards by adopting and utilising those that are available*. By 2030, digital SCF solutions could drive an increase in exports in 13 key markets by USD791 billion, representing a 7.5 per cent increase. Task Force on Climate-related Financial Disclosures (TCFD):established in 2015, the task force aims to develop voluntary guidelines for disclosures based on governance, strategy, risk management and metrics and targets to help the public and investors assess investment risk relating to climate change. RICS Sustainability Report 2022: Are we making progress? RICS: Why do companies rent green? sfairbairn@rics.org, Dr Debadayita Raha and Prof. Sian Davies-Vollum 01 June 2023, Copyright 2022 RICS.org. Organisations that adapt and evolve to the new norm may not necessarily have an immediate significant edge over their competition, but they will still be in the market and competing.
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