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News Release

London

Property Sector Launches Guide to Sustainability Measurement

Jones Lang LaSalle plays lead role in formulation


London, 18th October 2010 - Leading property organisations have this week launched the first industry guide on how to measure and report on the sustainability of buildings.  The Green Property Alliance report Establishing the Ground Rules for Property gives investors and tenants the first ever set of industry-agreed metrics that can be used to measure and compare energy use – and its associated greenhouse gas emissions – water use and waste generation in commercial buildings.
 
Matthew Tippett, Director in Jones Lang LaSalle’s Energy and Sustainability Services team, who was instrumental in producing the guide, said: “The GPA metrics are simple - but hopefully not simplistic - which is a big step forward. We are very pleased to have contributed to the working group. In helping clients measure, monitor and improve their sustainability performance over the last 13 years, we have seen sustainability measurement become more and more important. The industry is increasingly keen to have the same confidence in sustainability measurement and reporting as they do in financial measurement and reporting - and we are getting closer to this goal now.”
 
Patrick Brown, Secretary, Green Property Alliance and Assistant Director of Sustainability at BPF said: “Matthew has been invaluable in producing the common sustainability metrics of the Green Property Alliance, contributing his vast wealth of experience in delivering, measuring and benchmarking resource efficiency in non-domestic buildings where leases are in place.  Matthew’s involvement in complementary initiatives both within the UK and on a transnational scale made him an ideal addition to the working group, helping to ensure that the Green Property Alliance’s findings were not produced in ignorance of them, and permitting them to be taken into account.  We are enormously grateful for his help and support.”
 
The guide is a call for clarity, intended to encourage property owners and occupiers, advisors, sustainability framework providers and government, to converge around a common language of measurement and reporting that is seen as vital to driving greater sustainability from commercial and non-domestic buildings, which account for almost one-fifth of UK carbon emissions.
 
Progress is currently hamstrung by the lack of consistency around the way the sustainability performance of buildings is measured. Research from the Green Property Alliance suggests there are over 100 different measures of sustainability currently used in the UK.
 
The report, the result of one year’s work by the Green Property Alliance, will be included within measurement guidelines being drawn up by the RICS, which could in future help determine the relationship between sustainability performance and value.
 
Reaching agreement on a common set of metrics is seen as crucial in generating:
  • A better understanding of how buildings operate and perform in practice
  • More soundly-based public policy initiatives by making comparable data available on building energy performance
  • Greater comparability of sustainability performance across and within portfolios over time
  • Data which can highlight areas where Government interventions should be made, and where the market is best placed to deliver improvements
The paper also makes recommendations on how companies can report both the total and the relative change in the sustainability performance of property portfolios as they grow and contract over time.
 
The Green Property Alliance, an offshoot of the Property Industry Alliance, comprises the Better Buildings Partnership, British Council for Offices, British Council of Shopping Centres, British Property Federation, British Retail Consortium, CoreNet, Investment Property Forum, Royal Institution of Chartered Surveyors and UK Green Building Council.
 
Each organisation has endorsed the use of these common metrics by its members, which comprise the bulk of leading companies and practitioners involved in developing and investing in commercial property, and a significant tranche of the occupier community.
 

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Notes to Editors
 

The Green Property Alliance was established to promote cross industry communication on the increasingly significant and complex subject of sustainability. The objectives of the group are:

  • To provide the primary framework for the members to share information about their sustainability projects and, where possible, to achieve collective buy-in to their implementation
  • To avoid duplication and play to the strengths of particular members whose work can then be used for the benefit of the other members
  • Where gaps in coverage by members’ work are identified, to commission specific projects to fill those gaps
  • To present, where possible, a united front in negotiations with Government and other agencies on those issues relating to sustainability where the Alliance has decided to take a collective view
  • To provide a mechanism for coherent and co-ordinated property industry interaction with other sustainability bodies both in the UK and overseas
  • To communicate to Government, other public sector bodies, members, media and, where appropriate, the wider public the initiatives being taken by the industry to improve its sustainability performance

Member Organisations Include:
  • British Property Federation
  • Better Buildings Partnership
    British Retail Consortium
  • British Council for Offices
  • British Council of Shopping Centres
  • CoreNet
  • Investment Property Forum
  • Royal Institution of Chartered Surveyors
  • UK Green Building Council