The second edition of Engage has now launched! In this issue we focus on the continued rise of social value and its importance in our industry today. We look at what social value means to different people and dig deeper into how measurement and demonstration of additionality will define success in the future.
We are really excited about our first edition of Engage which is being launched today. This is the first in a series of thought leadership pieces around the future of sustainability. In this issue we present the insights given to us by industry leaders in the built environment about how sustainability has changed, what the barriers have been, and what the future for it holds.
With the government announcement that the sale of new diesel & petrol cars will be banned by 2040, development projects across the UK are hurriedly assessing the feasibility of additional EV parking provision. The announcement was made in the government air quality plan at the end of July, which includes the promise of £40m immediately to start local schemes rolling, which could include: changing road layouts, retrofitting public … more
As a GRESB Premier Partner, Greengage was actively involved in the 2017 Assessment through running a workshop on ‘Using GRESB to Deliver ESG in Real Estate’, assisting clients in their submission, and participating in official GRESB training, events and targeted working groups to improve the assessment. Our interactive GRESB workshop in April aimed to provide experienced ESG Managers and organisations benchmarking through GRESB for the first time, with … more
Chris Burgess, Associate at Greengage, has written an article on Property Technology: Improving Responsible Investment. He outlines how the collation of data on a wide range of sustainability issues through mechanisms such as BREEAM allows for: Benchmarking of building design Landlords and tenants to more clearly understand their benefits in terms of running costs A better understanding of the quality of environment created for occupiers. Read the RICS article.
Investors increasingly view ESG as a core part of their investment analysis as its link to Corporate Financial Performance (CFP) in terms of reducing risks, improving performance and building reputation is becoming evident. Thus, there is a clear need for companies to embed ESG considerations in their strategy and business practice, as well as communicating this to the investor community in a clear and substantive manner. The GRESB … more
The ESG performance of real estate portfolios is essential for their sustained long-term value. GRESB is used by leading real estate organisations to better manage their assets to achieve this aim. Greengage will be running a free Breakfast Masterclass: Using GRESB to deliver ESG criteria in real estate on 12th April at the Museum of London. The event will focus on the actions within an organisation that GRESB encourages … more
The value of assets is vulnerable to factors such as environmental challenges, changing resource landscapes, technological innovation, changes in regulations and liability and evolving social norms. Such changes can result in the devaluation or non-performance of assets, thus making them ‘stranded’. This concept of ‘stranded assets’ has been prominently used to discuss the impact of climate change, such as the increased risk of natural disasters, carbon pricing and … more
On the 7th September Nils Kok, co-founder of GRESB, presented the GRESB 2016 Real Estate & Debt results for Europe. The results continued to demonstrate the insatiable appetite amongst real estate companies for an assessment which benchmarks ESG performance. The global gross asset value covered by the assessment increased by an even greater degree than the previous year; reaching a total of $2.8 trillion in 2016. Of the … more
The results for the GRESB (Global Real Estate Sustainability Benchmark) Real Estate and Debt Assessments are released in London on September 7th. The event will stimulate discussion on the current environmental, social and governance (ESG) issues that are material to the Real Estate sector. It will be particularly revealing to see whether the success of COP 21 has catalysed a higher level of corporate engagement with ESG issues. … more
Rio de Janeiro unveils itself to the world on Friday as the opening ceremony of the 2016 Olympic Games commences. The prelude to the Olympics has been marred by recent controversies, not all of which are culpable to Rio’s unpreparedness. The Russian doping scandal has once again questioned the integrity of international sporting organisations after a string of recent high profile incidents. It is the state of Guanabara … more
In Spring 2016 Greengage undertook some original research into the current state of designing for Health and Wellbeing in the built environment. We identified that a knowledge gap and lack of quantitative evidence was seen as the key barrier to uptake of H&W principles. With this in mind, our Green Sky Thinking event focussed on sharing approaches undertaken by Grosvenor and Greengage to help progress thinking on the … more
Greengage have been assisting clients in preparing their disclosure for the Global Real Estate Sustainability Benchmark (GRESB). 2016 saw a significant enhancement to the ‘New Construction & Major Renovations’ section of the assessment, further expanding the breadth and depth of sustainability measures organisations are expected to consider in the development process. We ensured that Lothbury Investment Management had complete and robust responses and evidence for submittal. The GRESB … more