Environmental, social, and governance (ESG) data is a hot topic. And with a myriad of different measurement frameworks, it’s easy for real estate companies to feel overwhelmed. What should you measure, and which measurement frameworks should you use?
This guide focuses mainly on environmental measurement frameworks. And it’s a timely discussion. From 1st April 2023 UK properties must have an EPC rating of E or above to be let legally. And for privately rented commercial buildings, this this is proposed to rise to C by 2027 and B by 2030.
Forming part of the government’s drive for Net Zero carbon emissions by 2050, penalties – as high as £150,000 – could be made public. Many landlords are under pressure from big name tenants too. They want to lease Net Zero buildings that help to meet their own business sustainability agendas.
When you look at the facts, it’s clear why this is happening. According to the World Green Building Council, buildings produce 39% of total carbon emissions worldwide. 11% from construction (embodied carbon from raw materials, transportation, and construction) and 28% from running them (operational carbon from heating, cooling, and lighting).
Read the full guide to understand the many ESG measurement frameworks available and discover the right tools to effectively measure ESG data.