Sustainability policy for Commercial Real Estate

Size: px
Start display at page:

Download "Sustainability policy for Commercial Real Estate"

Transcription

1 Sustainability policy for Commercial Real Estate Why does ABN AMRO have a sustainability policy for Commercial Real Estate? As a provider of financial services, ABN AMRO is strongly committed to being a value-adding partner to its clients in the Commercial Real Estate sector. Within this sector, sustainability is regarded as a strategically important topic in terms of risk and opportunity management. ABN AMRO believes that clients who pro-actively manage the sustainability aspects of their business are more successful in the longer term. Therefore, the bank s policy is to closely manage the sustainability aspects related to its Commercial Real Estate clients and to integrate these in the bank s appraisal and decision-making processes. As part of this policy, the bank has identified five crucial sustainability issues in the Commercial Real Estate sector: - Energy consumption & greenhouse gas emissions: buildings are responsible for 40% of energy consumption, and 36% of the total CO2 emissions within the European Union (EU). Hence, improving the energy efficiency of buildings will contribute significantly to the greenhouse gas emissions reduction targets of the EU. - Regulatory risk: our clients are faced with increasingly stringent regulation regarding the energy performance and energy efficiency of new and existing buildings. The most widely known regulation is the Energy Performance of Buildings Directive of the European Union, which prescribes that all new buildings have to be nearly zero energy buildings by Vacancy levels: Vacancy rates in several segments of the Dutch commercial real estate market have risen sharply over the past year and are expected to rise even further, especially for offices and retail property. New developments in regions which are characterized by high vacancy rates can increase vacancy rates even further and put pressure on the value of real estate in that region. This can lead to financial and reputational risks. - Asset value: market research indicates that sustainability aspects have a significantly positive impact on occupancy rates, rent, and asset value of commercial real estate. - Innovation: ABN AMRO is committed to support innovation and believes innovation can spur the development of more sustainable buildings. As demand for increasingly sustainable buildings grows, innovations which improve the sustainability of new and existing real estate is a significant business opportunity.

2 Sustainability policy for Commercial Real Estate 2 6 What is the scope of this policy? The Sustainability Policy for Commercial Real Estate is one of the underlying policies of the Sustainability Risk Policy. The policy is aligned with the bank s core values and business principles, its sustainability risk appetite and the Three Lines of Defence Model. The Sustainability Policy for Commercial Real Estate applies to all Commercial Real Estate activities of ABN AMRO in The Netherlands. The policy applies to: general loans to clients in the Commercial Real Estate sector loans for a specific real estate asset, development, or portfolio With regard to loans for a specific real estate asset, development, or portfolio, the policy distinguishes between four asset classes : (1) offices, (2) retail property, (3) residential real estate, and (4) industrial real estate. What standards does ABN AMRO apply to this sector? The Sustainability Policy for Commercial Real Estate contains general sustainability standards for clients active in the commercial real estate sector. In case a loan is requested for a specific real estate asset, development, or portfolio, additional sustainability criteria are applicable. The additional criteria are specified for four asset classes : (1) offices, (2) retail property, (3) residential real estate, and (4) industrial real estate. Within these asset classes a further distinction is made between new build developments and existing buildings or portfolio s. 1) General sustainability standards for Commercial Real Estate Clients As minimum requirements, ABN AMRO expects all its clients in the Commercial Real Estate Sector to: Have a policy in place which addresses sustainability as part of its new build developments and/or a policy which addresses sustainability as part of its management of existing buildings. These policies should, at a minimum, describe how the company implements all applicable regulations regarding the energy performance and efficiency of new and existing buildings. Publish an annual sustainability report in line with the Sustainability Reporting Guidelines of the Global Reporting Initiative (GRI Sustainability Reporting Guidelines). Preferably the reporting is in line with the Construction and Real Estate Sector Supplement (CRESS) 1. In addition to the minimum requirements, ABN AMRO compares the sustainability performance of clients in the Commercial Real Estate Sector with best practices in order to benchmark their development and progress. The bank expects continuous improvement to be the outcome of the benchmarks for the entire client portfolio over time. The following benchmark criteria are applied: The client has incorporated environmental and social criteria in the selection of service providers and contractors. These criteria are also incorporated in the contracts with service providers and contractors, and are part of the monitoring and evaluation of their performance over time. The client has an Environmental and Social Management System (ESMS) in place. The ESMS is in line with international standards (such as ISO:14001) and has clear objectives, targets and documented procedures to mitigate, monitor and measure the environmental and social impacts of its business activities. 1 Only applicable to listed companies.

3 Sustainability policy for Commercial Real Estate 3 6 The client is aware of its current level of Greenhouse Gas emissions and has a strategy to reduce its greenhouse gas emissions over time. The client regularly publishes publicly available information regarding its sustainability strategy and sustainability performance. Preferably in line with the GRI Sustainability Reporting Guidelines and the corresponding Construction and Real Estate Sector Supplement (CRESS). The client is a member of relevant sustainability initiatives for the Commercial Real Estate Sector, such as: the Global Real Estate Sustainability Benchmark (GRESB) and the Dutch Green Building Council (DGBC). In case the client is a member of GRESB, it should have insight in its GRESB score and how this score relates to the benchmark. 2) Sustainability standards for real estate assets, developments or portfolio The additional sustainability criteria for a specific real estate asset, development, or portfolio are all regarded as minimum requirements. A) Sustainability standards for offices Energy Performance Certificate Score (EPC Score) 0.8 Properties > 5000 square meter have a BREEAM Excellent or LEED Platinum certificate at the stage of completion (oplevercertificaat). Properties < 5000 square meter have an indicative BREEAM Excellent or LEED Platinum rating. A public transport hub of both bus and rail is available within 1000 meters. The property is suitable for multiple tenants, or can be easily adapted to suit multiple tenants. In case a property > 5000 square meter is developed in an area which has a vacancy rate above 10%, this must be compensated by redeveloping or deconstructing the exact amount of square meters which are to be added by the new build development from the existing stock of vacant buildings in the area. Existing offices: Energy index score 1,8 ( or existing <2015 energy label class minimum C) The property has an indicative BREEAM In-use Good rating on (1) asset, (2) building management, and (3) occupier management. A public transport hub of both bus and rail is available within 1000 meters. The property is suitable for multiple tenants, or can be easily adapted to suit multiple tenants. The CO2 footprint, energy usage, water usage are measured and managed, along with tenant (customer) satisfaction. Existing office portfolios: The portfolio has an indicative BREEAM In-use Good rating on (1) asset, (2) building management, and (3) occupier management.

4 Sustainability policy for Commercial Real Estate 4 6 B) Sustainability standards for retail property Energy Performance Certificate Score (EPC Score) 1.7 Properties > 5000 square meter have a BREEAM Very good or LEED Gold certificate at the stage of completion (oplevercertificaat). Properties < 5000 square meter have an indicative BREEAM Very good or LEED Gold rating. The property can be easily adapted to the needs of future tenants. In case a property > 5000 square meter is developed in an area which has a vacancy rate above 10%, this must be compensated by redeveloping or deconstructing the exact amount of square meters which are to be added by the new build development from the existing stock of vacant buildings in the area. Existing retail property: Energy index score 1,8 ( or existing <2015 energy label class minimum C) The property has an indicative BREEAM In-use Good rating on (1) asset, (2) building management, and (3) occupier management. The property can be easily adapted to the needs of future tenants. The CO2 footprint, energy usage, water usage are measured and managed, along with tenant (customer) satisfaction. Existing retail portfolios: C) Sustainability standards for residential real estate Energy Performance Certificate Score (EPC Score) 0.4 Existing residential portfolios:

5 Sustainability policy for Commercial Real Estate 5 6 D) Sustainability standards for industrial real estate Energy Performance Certificate Score (EPC Score) 1.7 Properties > 5000 square meter have a BREEAM Very good or LEED Gold certificate at the stage of completion (oplevercertificaat). Properties < 5000 square meter have an indicative BREEAM Very good or LEED Gold rating. The property is suitable for multiple tenants, or can be easily adapted to suit multiple tenants. Existing industrial real estate: Energy index score 1,8 ( or existing <2015 energy label class minimum C) The property can be easily adapted to the needs of future tenants (evidenced by obtaining a score of at least 60% on the BREEAM tool for flexibility (adaptief vermogen)). The CO2 footprint, energy usage, water usage are measured and managed, along with tenant (customer) satisfaction. Existing residential portfolios: How does ABN AMRO put its standards into practice? In accordance with its Sustainability Risk Policy for Lending ABN AMRO puts its sustainability standards into practice through the following four steps: (1) screening and risk determination, (2) assessment, (3) approval, and (4) monitoring. The first step consists of screening and risk determination. The client s activities are screened for embargoed matters on the bank s exclusion list. Following the standard procedure, the client is also screened on anti-corruption, tax, and good governance issues. Subsequently, the bank determines which sustainability standards are applicable to the client and transaction by means of its sector specific sustainability policies. The sustainability standards outlined in this policy summary are applicable to all clients in the Commercial Real Estate sector. The second step is the assessment of the client s sustainability performance by means of due diligence procedures and sustainability questionnaires based on this policy. The bank s standards described in this policy form the minimum requirements and benchmark criteria against which the client s sustainability performance is assessed. The purpose of this step is twofold: (1) to assess whether the sustainability aspects relevant for commercial real estate (on client and/or on real estate asset level) are adequately managed by the client and to identify any gaps that need to be addressed; and (2) to compare the sustainability performance of clients with best practices in their client group. The third step is the approval of the transaction from a sustainability risk management perspective. The outcome of the sustainability questionnaires will provide the basis for determining whether the client has the requisite commitment and capacity to adequately manage the sustainability aspects relevant for commercial

6 Sustainability policy for Commercial Real Estate 6 6 real estate (on client and/or on real estate asset level), and will be taken into account in our engagement and credit decisions. Where a client s approach to the management of sustainability aspects within its own company and/or real estate asset(s) does not yet meet the minimum requirements, ABN AMRO will view the client s commitment to sustainability and the client s willingness to make improvements, within a mutually acceptable time frame, as important elements of the final decision to proceed with the engagement. The fourth step is monitoring. ABN AMRO has standard procedures in place to monitor the client s sustainability performance. Special focus is placed on clients with a sustainability performance that is subject to improvement. ABN AMRO monitors the client s compliance with the bank s conditions and mutually agreed measures, for as long as the bank maintains a financial interest in the transaction.

Perspective on Energy Efficiency Building Regulations; A South African Perspective. Dr Rodney Milford cidb

Perspective on Energy Efficiency Building Regulations; A South African Perspective. Dr Rodney Milford cidb Perspective on Energy Efficiency Building Regulations; A South African Perspective Dr Rodney Milford cidb Overview; EE Building Regulations Context; energy & GHG emissions from buildings EE vs Green Regulation,

More information

SHAFTESBURY PLC STATEMENT OF GRI COMPLIANCE FOR YEAR ENDED 30 SEPTEMBER 2013

SHAFTESBURY PLC STATEMENT OF GRI COMPLIANCE FOR YEAR ENDED 30 SEPTEMBER 2013 SHAFTESBURY PLC STATEMENT OF GRI COMPLIANCE FOR YEAR ENDED 30 SEPTEMBER 2013 The Global Reporting Initiative (GRI) is the leading voluntary sustainability reporting standard and this year we have benchmarked

More information

Green Bond. Verification of the sustainability quality of the first. Second Party Opinion. issued by ABN AMRO NV

Green Bond. Verification of the sustainability quality of the first. Second Party Opinion. issued by ABN AMRO NV Second Party Opinion Verification of the sustainability quality of the first Green Bond issued by ABN AMRO NV Aim and scope of this Second Party Opinion ABN AMRO NV commissioned oekom research to assist

More information

ESG in Real Estate. Research analysis on Environmental, Social and Corporate Governance factor materiality for private Real Estate portfolios

ESG in Real Estate. Research analysis on Environmental, Social and Corporate Governance factor materiality for private Real Estate portfolios AllianzGI Global Solutions ESG in Real Estate Research analysis on Environmental, Social and Corporate Governance factor materiality for private Real Estate portfolios The objective of this research study

More information

Our risk management framework Reviewed quarterly by our executive committee

Our risk management framework Reviewed quarterly by our executive committee Our risk management framework Reviewed quarterly by our executive committee Our risk management framework helps us identify and mitigate risks. It is reviewed quarterly and updated to reflect changes particularly

More information

1ST 26% 2016 SUSTAINABILITY REPORT

1ST 26% 2016 SUSTAINABILITY REPORT 2016 SUSTAINABILITY REPORT Our program has been successful because we firmly believe that business success and environmental responsibility can, indeed must, go hand in hand. Every day, we challenge ourselves

More information

Consense Internationale Fachmesse und Kongress für nachhaltiges Bauen, Investieren und Betreiben

Consense Internationale Fachmesse und Kongress für nachhaltiges Bauen, Investieren und Betreiben Consense Internationale Fachmesse und Kongress für nachhaltiges Bauen, Investieren und Betreiben Sustainable Portfolio Management 2.0 Heike Ostriga Head of Sustainability Ingemar Hunold Project Manager,

More information

Effective energy management services for all your needs

Effective energy management services for all your needs Effective energy management services for all your needs Discover our complete services offer Make the most of your energy sm Energy Challenge Supply Costs Sustainability Pressures Demand Efficiency When

More information

Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle

Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle Energy Procurement & Sustainability Services Strategy at every stage of your energy and sustainability life cycle Make the most of your energy SM Global Expertise, Local Knowledge Schneider Electric s

More information

CONTINUOUSLY IMPROVE TO OBTAIN THE ISO 50001

CONTINUOUSLY IMPROVE TO OBTAIN THE ISO 50001 CONTINUOUSLY IMPROVE TO OBTAIN THE ISO 50001 WHAT IS THE ISO 50001? The goal of the standard is to create an energy management system within an organization that leads to a reduction in greenhouse gas

More information

Institutional Investors Group on Climate Change PROTECTING VALUE IN REAL ESTATE. Managing investment risks from climate change

Institutional Investors Group on Climate Change PROTECTING VALUE IN REAL ESTATE. Managing investment risks from climate change Institutional Investors Group on Climate Change PROTECTING VALUE IN REAL ESTATE Managing investment risks from climate change Protecting value in real estate Managing investment risks from climate change

More information

A thorough understanding of both local and international real estate markets is the key to reliable insight.

A thorough understanding of both local and international real estate markets is the key to reliable insight. A thorough understanding of both local and international real estate markets is the key to reliable insight. TM OUR GLOBAL NETWORK Street Smart. World Wise.TM The leading multidisciplinary provider of

More information

Reporting criteria for selected key performance indicators in the 2014 Responsible Business Report

Reporting criteria for selected key performance indicators in the 2014 Responsible Business Report Reporting criteria for selected key performance indicators in the 2014 Responsible Business Report Introduction This Reporting Criteria document details the approach and scope applied to key environmental

More information

SUSTAINABILITY REPORT 2010

SUSTAINABILITY REPORT 2010 SUSTAINABILITY REPORT 2010 MESSAGE FROM THE CEO Sustainability makes good business sense for Oxford. There are two reasons why: First, because it helps us to meet and exceed tenant expectations. As more

More information

B R E E A M Assessing the Environmental Performance of Buildings

B R E E A M Assessing the Environmental Performance of Buildings B R E E A M Assessing the Environmental Performance of Buildings Roy Stewart Centre for Construction Innovation Introduction What is BREEAM? Aims Building types Key drivers How it works BREEAM as a requirement

More information

Strategic priorities. Inspire and engage our people. Enhance client centricity. Improve profitability. Pursue selective international growth

Strategic priorities. Inspire and engage our people. Enhance client centricity. Improve profitability. Pursue selective international growth Improve profitability Enhance client centricity Pursue selective international growth Strategic priorities Strongly committed to a moderate risk profile Invest in our future Inspire and engage our people

More information

Responsible property management within the HBOS group. Insight Investment. Rachel Crossley Director, Investor Responsibility. December 2006 P0000 1

Responsible property management within the HBOS group. Insight Investment. Rachel Crossley Director, Investor Responsibility. December 2006 P0000 1 Responsible property management within the HBOS group Insight Investment December 2006 Rachel Crossley Director, Investor Responsibility P0000 1 Context o Insight Investment is the asset manager of HBOS

More information

CBRE GROUP INC. leadership in every major market Respect, Integrity, Service and Excellence (RISE)

CBRE GROUP INC. leadership in every major market Respect, Integrity, Service and Excellence (RISE) HONG KONG SERVICES CBRE GROUP INC. Headquartered in Los Angeles, CBRE Group Inc. is the world s largest commercial real estate services firm (in terms of 2012 revenue). We are a Fortune 500 and S&P 500

More information

1 Jones Lang LaSalle A tale of two buildings 2012. Are EPCs a true indicator of energy efficiency?

1 Jones Lang LaSalle A tale of two buildings 2012. Are EPCs a true indicator of energy efficiency? 1 Jones Lang LaSalle A tale of two buildings 2012 Are EPCs a true indicator of energy efficiency? 2 Jones Lang LaSalle A tale of two buildings 2012 Working to make buildings better The objective of this

More information

Real Estate in the Real Economy

Real Estate in the Real Economy Real Estate in the Real Economy Supporting growth, jobs and sustainability Real estate, as a general term, describes the built environment, which plays a vital role in every aspect of the European economy,

More information

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc.

Renewable Energy. 2015 LORD Green Real Estate Strategies, Inc. Renewable Energy Benefits of Renewable Energy Meet real estate portfolio GHG emission reduction/reporting goals Use energy that produces no GHG emissions from fossil fuels and reduces air pollution Mitigate

More information

Real Estate Lifecycle Management

Real Estate Lifecycle Management Solution in Detail Enterprise Asset Management Executive Summary Contact Us Real Estate Lifecycle Management Boost Your Real Estate Portfolio Portfolio Management Optimized Management Managing corporate

More information

YR&G. Corporate Sustainability. New York Denver Chicago

YR&G. Corporate Sustainability. New York Denver Chicago YR&G Corporate Sustainability New York Denver Chicago Sustainability Consulting, Education and Analysis T 303.952.5000 Firm Overview YR&G provides technical and strategic sustainability consulting services

More information

Industrial Green Building Retrofit 101 Opportunities and Challenges. Light Industrial Green Building Retrofits. Why Green Retrofit?

Industrial Green Building Retrofit 101 Opportunities and Challenges. Light Industrial Green Building Retrofits. Why Green Retrofit? Industrial Green Building 101 Opportunities and Challenges Joanne Sawatzky Senior Project Manager, Light House Sustainability at Work Re-visioning a Sustainable False Creek Flats Light Industrial Green

More information

Oracle s Primavera Unifier Facilities and Real Estate Management

Oracle s Primavera Unifier Facilities and Real Estate Management Oracle s Primavera Unifier Facilities and Real Estate Management Oracle s Estate Management is a cloudbased, as well as on-premise powerful and easy-to-use solution for managing your properties and facilities.

More information

Buildings Performance Database

Buildings Performance Database DOE Building Technologies Program Buildings Performance Database 10/9/12 Cody Taylor Cody.Taylor@ee.doe.gov Elena Alschuler Elena.Alschuler@ee.doe.gov 1 API Standard Data Taxonomy API Data Platforms and

More information

Energy Benchmarking for Commercial Buildings. by Michael F. Keohane BE MEngSc

Energy Benchmarking for Commercial Buildings. by Michael F. Keohane BE MEngSc Energy Benchmarking for Commercial Buildings by Michael F. Keohane BE MEngSc What are Benchmarks for? 1. To identify if a buildings energy performance is poor,average or good with respect to other buildings

More information

Calgary Transit Environmental Stewardship

Calgary Transit Environmental Stewardship Calgary Transit Environmental Stewardship Calgary 1 Million Population Uni-City Governance Coordinated Land Use and Transportation Planning The City Fastest Growing Economy in Canada #2 Corporate Head

More information

CP FOR DRAFT RTS ON RWS/LGDS ARTICLES 124 AND 164 CRR EBA/CP/2015/12. 6 July 2015. Consultation Paper

CP FOR DRAFT RTS ON RWS/LGDS ARTICLES 124 AND 164 CRR EBA/CP/2015/12. 6 July 2015. Consultation Paper EBA/CP/2015/12 6 July 2015 Consultation Paper Draft Regulatory Technical Standards on the conditions that competent authorities shall take into account when determining higher risk-weights, in particular

More information

ENGINEERING A BETTER WORLD. 2012 Corporate Responsibility Scorecard

ENGINEERING A BETTER WORLD. 2012 Corporate Responsibility Scorecard 1 ENGINEERING A BETTER WORLD 2012 Corporate Responsibility Scorecard MESSAGE FROM THE CEO Connecting A BRIGHTER future As a global leader in the communications semiconductor industry, Broadcom knows the

More information

BOMA OFFICE INCOME & EXPENSE SURVEY FORM

BOMA OFFICE INCOME & EXPENSE SURVEY FORM BOMA OFFICE INCOME & EXPENSE SURVEY FORM ( * = Required Field ) Step 1: Contact Information Create an Account or Login Data for Calendar or Fiscal Year 2015 Name Company Name Address Suite City State/Province

More information

Environmental Sustainability in 90 Days

Environmental Sustainability in 90 Days Environmental Sustainability in 90 Days The Global IWMS Leader 2008 TRIRIGA INC. TRIRIGA Real Estate Environmental Sustainability August 13, 2008 Ed Lubieniecki, Managing Director, RealFoundations Barbry

More information

11/12/2013. Role of the Board. Risk Appetite. Strategy, Planning and Performance. Risk Governance Framework. Assembling an effective team

11/12/2013. Role of the Board. Risk Appetite. Strategy, Planning and Performance. Risk Governance Framework. Assembling an effective team Role of the Board Risk Appetite Strategy, Planning and Performance Risk Governance Framework Assembling an effective team Role of the CEO Accountability and Disclosure 1 Board members should act on a fully

More information

EUROPEAN LISTED PROPERTY COMPANIES PROGRESS TOWARDS CUSTOMER FOCUS

EUROPEAN LISTED PROPERTY COMPANIES PROGRESS TOWARDS CUSTOMER FOCUS EUROPEAN PUBLIC REAL ESTATE ASSOCIATION EUROPEAN LISTED PROPERTY COMPANIES PROGRESS TOWARDS CUSTOMER FOCUS Study commissioned by EPRA and conducted by RealService September 2012 EXECUTIVE SUMMARY Owners

More information

Technical Management Design Energy Sustainability

Technical Management Design Energy Sustainability Technical Management Design Energy Sustainability Technical Management Technical Management FHP ESS is an experienced Mechanical, Electrical and Public Health engineering consultancy. We provide support

More information

IFMA Facility Management Learning System - Table of Contents

IFMA Facility Management Learning System - Table of Contents Competency: Communication Chapter 1: Communication Fundamentals o Topic 1: The Nature of Communication o Topic 2: Effective and Efficient Communication o Topic 3: Cross-Cultural Communication o Topic 4:

More information

A guide to the customer. electricity retailers. For domestic and small business gas and electricity customers

A guide to the customer. electricity retailers. For domestic and small business gas and electricity customers A guide to the customer charters of gas and electricity retailers For domestic and small business gas and electricity customers a guide to Your retailer s customer charter Helping you to understand your

More information

Corporate Real Estate Service Delivery Model at Prudential Financial

Corporate Real Estate Service Delivery Model at Prudential Financial Corporate Real Estate Service Delivery Model at Prudential Financial CoreNet Global Chicago Discovery Forum May 1, 2011 Kathy Winkler - Vice President, CRE Agenda Overview Prudential Financial Company

More information

Senior Manager Commercial Lending - Position Description

Senior Manager Commercial Lending - Position Description Document Control Region: Role: Classification: Reports to: Present Incumbent: Prepared by: All Senior Manager Commercial Lending Full Time Chief Member Service Officer Vacant Human Resources Date approved/updated:

More information

Rating Methodology. Alternative Investment Funds Open-Ended Real Estate Funds. June 2016. Contact

Rating Methodology. Alternative Investment Funds Open-Ended Real Estate Funds. June 2016. Contact Alternative Investment Funds Open-Ended Real Estate Funds June 2016 Contact Sonja Knorr Director +49 (0)30 27891-141 s.knorr@scopeanalysis.com Purpose of Document This document explains the methodology

More information

Corporate Social Responsibility and Corporate Governance in the United Arab Emirates

Corporate Social Responsibility and Corporate Governance in the United Arab Emirates 1 Executive Summary The main aim of this study was to assess the state of Corporate Social Responsibility (CSR) in the United Arab Emirates (UAE). This is the first comprehensive study on CSR in the UAE

More information

Environmental Operational Reporting and Offset Management Standard

Environmental Operational Reporting and Offset Management Standard Environmental Operational Reporting and Offset Management Standard PURPOSE AND SCOPE The purpose of this Standard is to specify the National Australia Bank Limited s (NAB Ltd) requirements for managing

More information

NYC Office Building Executive Summary

NYC Office Building Executive Summary NYC Office Building Executive Summary DOE Better Buildings Case Competition: Team Endotherm The Family Trust has requested an investment strategy that maximizes profitability via energy efficiency. The

More information

Green Buildings in Practice: Experiences of a German Investment Company

Green Buildings in Practice: Experiences of a German Investment Company Exportinitiative Energieeffizienz Green Buildings in Practice: Experiences of a German Investment Company www.efficiency-from-germany.info Exportinitiative Energieeffizienz The green success story (?)

More information

COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Expectations

COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Expectations Additional Tools: COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Expectations Class 2 Institutions February 2014 Ce document est également disponible en français. COMMERCIAL LENDING POLICY DEVELOPMENT

More information

CTBUH Copyright. What every tenant wants. Chairman, Jones Lang LaSalle. Dan Probst

CTBUH Copyright. What every tenant wants. Chairman, Jones Lang LaSalle. Dan Probst What every tenant wants Dan Probst Chairman, Jones Lang LaSalle Chicago, USA Industry drivers Converging forces Mass acceptance of global warming, climate change Rising energy prices Widely accepted green

More information

Asset Factory is a software service that allows you to manage the value, costs, risks and performance of your property, people and supply chain

Asset Factory is a software service that allows you to manage the value, costs, risks and performance of your property, people and supply chain Asset Factory is a software service that allows you to manage the value, costs, risks and performance of your property, people and supply chain assets. It is simple to use and provides instant reporting

More information

The incorporation of sustainability into the real estate investment portfolio

The incorporation of sustainability into the real estate investment portfolio The incorporation of sustainability into the real estate investment portfolio Does sustainability influence the financial performance of office buildings in the Netherlands? Author: Luc Baas Date: 28-06-2013

More information

IDENTIFYING PATHS TO SUCCESS: LEARNINGS ON BARRIERS AND DRIVERS TO DEMAND RESPONSE PROGRAM

IDENTIFYING PATHS TO SUCCESS: LEARNINGS ON BARRIERS AND DRIVERS TO DEMAND RESPONSE PROGRAM IDENTIFYING PATHS TO SUCCESS: LEARNINGS ON BARRIERS AND DRIVERS TO DEMAND RESPONSE PROGRAM 2012 National Town Meeting on DR and Smart Grid Nik Schruder, Evaluation Manager, OPA Overview of OPA and DR Who

More information

Zen Internet Case Study

Zen Internet Case Study Zen Internet Case Study About Zen Internet Zen Internet is an independent Internet Service Provider (ISP) that offers a full range of data, voice, and hosting services to businesses and residential users

More information

Commercial Building Energy Initiative Tenant Business Case

Commercial Building Energy Initiative Tenant Business Case Commercial Building Energy Initiative Tenant Business Case April 2010 An initiative of the Greater Toronto CivicAction Alliance The business case for GTA tenants Why to invest in energy efficiency programs

More information

HEMSÖ SUSTAINABILITY BONDS

HEMSÖ SUSTAINABILITY BONDS HEMSÖ SUSTAINABILITY BONDS FRAMEWORK OVERVIEW AND SECOND OPINION BY SUSTAINALYTICS 16 May 2016 www.sustainalytics.com Farnam Bidgoli Manager, Advisory Services (London) farnam.bidgoli@sustainalytics.com

More information

GSA Green Initiatives. NEBB Annual Conference October 22, 2011

GSA Green Initiatives. NEBB Annual Conference October 22, 2011 GSA Green Initiatives NEBB Annual Conference October 22, 2011 Washington, DC Kinga Porst Overview Background on GSA Energy Mandates American Recovery and Reinvestment Act What GSA is doing Resources Background

More information

The world s foremost environmental assessment method and rating system for buildings.

The world s foremost environmental assessment method and rating system for buildings. The world s foremost environmental assessment method and rating system for buildings www.breeam.org BREEAM is the world s foremost environmental assessment method and rating system for buildings, with

More information

Environmental Performance. A Global Perspective on Commercial Real Estate. Summary Version. Nils Kok 1 Piet Eichholtz Rob Bauer Paulo Peneda

Environmental Performance. A Global Perspective on Commercial Real Estate. Summary Version. Nils Kok 1 Piet Eichholtz Rob Bauer Paulo Peneda Environmental Performance A Global Perspective on Commercial Real Estate Summary Version Nils Kok 1 Piet Eichholtz Rob Bauer Paulo Peneda The European Centre for Corporate Engagement Maastricht University

More information

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments

Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments Draft Scope 2 Accounting Guidance: What it could mean for corporate decisions to purchase environmental instruments September 2014 Corporate Scope 2 accounting has traditionally been relatively straight

More information

COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Considerations

COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Considerations DRAFT FOR COMMENT Additional Tools: COMMERCIAL LENDING POLICY DEVELOPMENT GUIDE Minimum Considerations Class 2 Institutions April 2013 This document is also available in French. COMMERCIAL CREDIT POLICY

More information

SUSTAINABLE INDITEX 2011-2015 MANAGING THE ECOLOGICAL FOOTPRINT WITHIN INDITEX S VALUE CHAIN

SUSTAINABLE INDITEX 2011-2015 MANAGING THE ECOLOGICAL FOOTPRINT WITHIN INDITEX S VALUE CHAIN SUSTAINABLE INDITEX 2011-2015 MANAGING THE ECOLOGICAL FOOTPRINT WITHIN INDITEX S VALUE CHAIN HOW INDITEX S BUSINESS MODEL DRIVES SUSTAINABLE DEVELOPMENT Inditex s business model is based on two pillars

More information

Building Energy. Rating Schemes. Assessing Issues and Impacts. Building Energy. Efficiency Taskgroup

Building Energy. Rating Schemes. Assessing Issues and Impacts. Building Energy. Efficiency Taskgroup Building Energy Rating Schemes Assessing Issues and Impacts Building Energy Efficiency Taskgroup February 2014 Dear Readers, This report on Building Energy Rating Schemes is the first work product of IPEEC

More information

Sample Position Descriptions for Land Bank

Sample Position Descriptions for Land Bank Form XI-5 Sample Position Descriptions for Land Bank Director of Acquisition and Development Position Description Reporting to the Chief Operating Officer, the Director of Acquisition, is responsible for

More information

Emissions Inventory, Fiscal Year 2013. Siemens Building Technologies Division, U.S. usa.siemens.com/buildingtechnologies

Emissions Inventory, Fiscal Year 2013. Siemens Building Technologies Division, U.S. usa.siemens.com/buildingtechnologies usa.siemens.com/buildingtechnologies Emissions Inventory, Fiscal Year 2013 Siemens Building Technologies Division, U.S. Answers for infrastructure and cities. Executive Summary The Building Technologies

More information

PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014

PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014 2009/10 2010/11 2011/12 2012/13 2013/14 2014/15 2015/16 2016/17 Carbon emissions (kgco2) Page 1 PEAK DISTRICT NATIONAL PARK AUTHORITY ENVIRONMENTAL MANAGEMENT ANNUAL PERFORMANCE REPORT 2013/2014 1. INTRODUCTION

More information

KALAMAZOO DOWNTOWN DEVELOPMENT AUTHORITY BUILDING REHABILITATION PROGRAM

KALAMAZOO DOWNTOWN DEVELOPMENT AUTHORITY BUILDING REHABILITATION PROGRAM KALAMAZOO DOWNTOWN DEVELOPMENT AUTHORITY BUILDING REHABILITATION PROGRAM PURPOSE As a fundamental goal of the Downtown Development Plan and Tax Increment Financing Plan (Plan), the Kalamazoo Downtown Development

More information

Automated Benchmarking System Design Overview Version 3.4

Automated Benchmarking System Design Overview Version 3.4 Automated Benchmarking System Design Overview Version 3.4 The U.S. Environmental Protection Agency s (EPA) Automated Benchmarking System (ABS) is a framework for exchanging data between EPA s energy performance

More information

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario

The Economic Impacts of Reducing. Natural Gas and Electricity Use in Ontario The Economic Impacts of Reducing Natural Gas and Electricity Use in Ontario Prepared for Blue Green Canada July 2013 Table of Contents Executive Summary... i Key Findings... i Introduction...1 Secondary

More information

Commercial Real Estate

Commercial Real Estate Solution in Detail Engineering, Construction, and Operations Executive Summary Contact Us Commercial Real Estate Boost Your Real Estate Portfolio Portfolio Optimized Managing corporate real estate has

More information

Business Process Services. White Paper. Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers

Business Process Services. White Paper. Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers Business Process Services White Paper Effective Credit Risk Assessment Strengthening the Financial Spreading with Technology Enablers About the Author Vijay Muppavarapu Vijay is a subject matter expert

More information

Australia: Energy Efficiency & Green Buildings. January 2014

Australia: Energy Efficiency & Green Buildings. January 2014 Australia: Energy Efficiency & Green Buildings January 2014 Agenda: Energy Efficiency & Green Buildings Industry Drivers Trends Policy Environment & Regulatory Framework Green Building Regulations & Rating

More information

U.S. Energy Codes: Design, Deploy, and Operate. GBPN Webinar Dec 11, 2013

U.S. Energy Codes: Design, Deploy, and Operate. GBPN Webinar Dec 11, 2013 U.S. Energy Codes: Design, Deploy, and Operate GBPN Webinar Dec 11, 2013 New Buildings Institute Design Operate - Deploy Drivers to Performance Codes Design - Reductions to 2030 and Zero Net Energy Operate

More information

Rising energy costs impacting your business? Get them under control with ISO 50001.

Rising energy costs impacting your business? Get them under control with ISO 50001. Rising energy costs impacting your business? Get them under control with ISO 50001. Save money through better energy management with ISO 50001. Ever rising energy costs mean that you simply can t afford

More information

LHT S ASSET MANAGEMENT STRATEGY 2015-20. It s My Home

LHT S ASSET MANAGEMENT STRATEGY 2015-20. It s My Home LHT S ASSET MANAGEMENT STRATEGY 2015-20 It s My Home 0 ASSET MANAGEMENT STRATEGY 2015-20 It s My Home Contents Page No 1. WHAT DOES OUR ASSET MANAGEMENT STRATEGY AIM TO DO? 2 2. WHY IS ASSET MANAGEMENT

More information

Norwegian position on the proposed EU framework for climate and energy policies towards 2030

Norwegian position on the proposed EU framework for climate and energy policies towards 2030 Norwegian position on the proposed EU framework for climate and energy policies towards 2030 The EU plays an important role as a global leader in climate policy and has a fundamental interest in strengthening

More information

FAQ Social Responsibility

FAQ Social Responsibility FAQ Social Responsibility Company website Address Contact Position Email www.befimmo.be 1945 Chaussée de Wavre, B-1160 Brussels Emilie Delacroix CSR Manager e.delacroix@befimmo.be Telephone +32-2 679.38.60

More information

Proposal for a Demonstration Exemplar at British Sugar, York

Proposal for a Demonstration Exemplar at British Sugar, York Executive 21 July 2009 Report of the Director of City Strategy URBAN ECO SETTLEMENT Proposal for a Demonstration Exemplar at British Sugar, York Summary 1. This paper outlines a proposal for funding a

More information

Rising energy costs impacting your business? Get them under control with ISO 50001.

Rising energy costs impacting your business? Get them under control with ISO 50001. Rising energy costs impacting your business? Get them under control with ISO 50001. Save money through better energy management with ISO 50001. Ever rising energy costs mean that you simply can t afford

More information

WORKSHOP: The roles of wood in green building and green building effects on the forest sector of in the UNECE region.

WORKSHOP: The roles of wood in green building and green building effects on the forest sector of in the UNECE region. WORKSHOP: The roles of wood in green building and green building effects on the forest sector of in the UNECE region. Are ENGO s ready to promote the use of wood as the preferred building material? Alison

More information

Prudential plc. Basis of Reporting: GHG emissions data and other environmental metrics.

Prudential plc. Basis of Reporting: GHG emissions data and other environmental metrics. Prudential plc. Basis of Reporting: GHG emissions data and other environmental metrics. This Basis of Reporting document supports the preparation and reporting of GHG emissions data and other environmental

More information

GUIDE TO PRODUCTS AND SERVICES HELPING YOU GET MORE VALUE OUT OF YOUR ENERGY CONTRACT, REDUCE YOUR ENERGY CONSUMPTION AND LOWER YOUR CARBON FOOTPRINT

GUIDE TO PRODUCTS AND SERVICES HELPING YOU GET MORE VALUE OUT OF YOUR ENERGY CONTRACT, REDUCE YOUR ENERGY CONSUMPTION AND LOWER YOUR CARBON FOOTPRINT GUIDE TO PRODUCTS AND SERVICES HELPING YOU GET MORE VALUE OUT OF YOUR ENERGY CONTRACT, REDUCE YOUR ENERGY CONSUMPTION AND LOWER YOUR CARBON FOOTPRINT CARBON ZERO FOR ENERGY ENERGY HEALTH CHECK WHAT WE

More information

COMMUNITY ACQUISITION REHABILITATION LOAN CARL CARL TERM SHEET AND GUIDELINES

COMMUNITY ACQUISITION REHABILITATION LOAN CARL CARL TERM SHEET AND GUIDELINES COMMUNITY ACQUISITION REHABILITATION LOAN I. PROGRAM OBJECTIVE CARL CARL TERM SHEET AND GUIDELINES URBAN REDEVELOPMENT AUTHORITY OF PITTSBURGH PITTSBURGH COMMUNITY REINVESTMENT GROUP The main objective

More information

Essential expertise on the economic and consumer credit trends that impact your business and investments.

Essential expertise on the economic and consumer credit trends that impact your business and investments. economic & consumer credit analy tics Essential expertise on the economic and consumer credit trends that impact your business and investments. Economic & Consumer Credit Analytics Essential expertise

More information

Energy Performance Ratings in the UK

Energy Performance Ratings in the UK Energy Performance Ratings in the UK Roger Hitchin Part of the BRE Trust Mandatory Energy Labelling of Buildings in the UK Things to think about before you do it: Experiences of implementation in UK and

More information

Our performance: Being a responsible company

Our performance: Being a responsible company Our performance: Being a responsible company Responsible selling and marketing Consumer Banking complaint metrics 2009 2010 2013 vs 2012 Complaints per 1,000 0.83 0.53 0.45 0.41 0.32 Improved 22% First

More information

RREEF Real Estate. 2012 Sustainability Report. RREEF Real Estate. www.rreef.com

RREEF Real Estate. 2012 Sustainability Report. RREEF Real Estate. www.rreef.com RREEF Real Estate 212 Sustainability Report RREEF Real Estate www.rreef.com Letter from Pierre Cherki July 1, 211 through June 3, 212. Following our inaugural report in 211, this year s Sustainability

More information

Analyst meeting Full year results. Rotterdam 15 February 2013

Analyst meeting Full year results. Rotterdam 15 February 2013 Analyst meeting Full year results Rotterdam 15 February 2013 Portfolio & Strategy Focus on Netherlands and Belgium Exit strategy Switzerland; 70% assets sold; sale of 2 remaining assets ongoing High Yield

More information

Optimized solutions from an energy specialist

Optimized solutions from an energy specialist Optimized solutions from an energy specialist Energy Sustainability Consultation Services Make the most of your energy Meeting your energy needs with unprecedented flexibility Energy Saving System Optimization

More information

SCP Issues for Business and Industry

SCP Issues for Business and Industry SCP Issues for Business and Industry Introduction Business and industry are key players in the SCP agenda. They are at the core of production and are also key organizational consumers. As the most important

More information

Business Intelligence. Using business intelligence for proactive decision making

Business Intelligence. Using business intelligence for proactive decision making Business Intelligence Using business intelligence for proactive decision making Table of Contents What is Business Intelligence? Why Business Intelligence? Strategy and Approach Case Study WHAT IS BUSINESS

More information

Residential Mortgage Underwriting Guideline

Residential Mortgage Underwriting Guideline Residential Mortgage Underwriting Guideline BC CREDIT UNIONS JANUARY 2015 www.fic.gov.bc.ca INTRODUCTION The Residential Mortgage Underwriting Guideline (guideline) outlines the Financial Institutions

More information

Cushman & Wakefield. Business appetite for sustainable property is on the rise

Cushman & Wakefield. Business appetite for sustainable property is on the rise Cushman & Wakefield Sustainability BRIEFING Business appetite for sustainable property is on the rise Business appetite for sustainable property is on the rise Before the downturn, sustainability was an

More information

Approved by Management Committee 24/03/11 Strategy Document

Approved by Management Committee 24/03/11 Strategy Document ELHA POLICY Date Issued May 2007 Last Revised March 2011 Department Asset Management Title Asset Management Strategy Objective To outline the Association s strategy for managing its assets Responsible

More information

GHG Reporting Guidance for the Aerospace Industry A Supplement to the GHG Protocol Corporate Accounting and Reporting Standard

GHG Reporting Guidance for the Aerospace Industry A Supplement to the GHG Protocol Corporate Accounting and Reporting Standard GHG Reporting Guidance for the Aerospace Industry A Supplement to the GHG Protocol Corporate Accounting and Reporting Standard International Aerospace Environmental Group Working Group 3 TM TM Publish

More information

A guide to our company and our services. www.phjones.co.uk

A guide to our company and our services. www.phjones.co.uk A guide to our company and our services www.phjones.co.uk NATIONWIDE COVERAGE local expertise Introduction Since it s formation in 1963, PH Jones has continued to grow through the provision of excellent

More information

Equitable Development & Mixed-Income Communities. Understanding Best Practices & Scenarios

Equitable Development & Mixed-Income Communities. Understanding Best Practices & Scenarios Equitable Development & Mixed-Income Communities Understanding Best Practices & Scenarios Agenda I. TRF Approach to Community Development II. Philadelphia & Neighborhood Transformation Initiative III.

More information

Energy and Sustainability-- Green IT in a holistic approach to slashing energy use, emissions and the impact to the environment

Energy and Sustainability-- Green IT in a holistic approach to slashing energy use, emissions and the impact to the environment Energy and Sustainability-- Green IT in a holistic approach to slashing energy use, emissions and the impact to the environment Pieter Duijves, Director EMEA/Managing Principal Tanya Starr, LEED AP, DC

More information

9 Keys to Construction Loan Funding Success

9 Keys to Construction Loan Funding Success 9 Keys to Construction Loan Funding Success By Barbara Leuin, Ph.D. Commercial Lending Expert www.sofiacapitalventures.com Key Steps to Construction Loan Funding Success Most people think construction

More information

CEER position paper on well-functioning retail energy markets. A EURELECTRIC response paper

CEER position paper on well-functioning retail energy markets. A EURELECTRIC response paper CEER position paper on well-functioning retail energy markets A EURELECTRIC response paper December 2015 EURELECTRIC is the voice of the electricity industry in Europe. We speak for more than 3,500 companies

More information

Underwriting Commercial Loans

Underwriting Commercial Loans Underwriting Commercial Loans T he objective of this study is to understand the basic principles of underwriting for multifamily housing and commercial real estate loans. As a mortgage broker, real estate

More information

A Strategic Approach to Residential Mortgage Lending

A Strategic Approach to Residential Mortgage Lending A Strategic Approach to Residential Mortgage Lending Presented by Tracy Jean Ashfield Strategic Mortgage Solutions The Consulting and Training Division of Prime Alliance Solutions, Inc. October 19, 2009

More information

Asset Management, Inc.

Asset Management, Inc. Vesta Asset Management, Inc. The Firm Vesta Asset Management, Inc. is a comprehensive commercial and residential management firm that operates under the principle that assets don't stagnate when they are

More information