Global green building sector to double by 2018

A major new survey reveals the proportion of building companies planning to secure green certification for over 60% of their projects will increase from 18% to 37% by 2018.

Over 1000 professionals and 69 countries were surveyed for the report, carried out by Dodge Data & Analytics and United Technologies Corporation.

“The survey shows that global green building activity continues to double every three years,” said John Mandyck, chief sustainability officer at United Technologies Corporation, in a statement. “More people recognise the economic and productivity value that it bring to property owners and tenants, along with the energy and water benefits to the environment, which is driving the green building industry’s growth. It’s a win-win for people, planet and the economy.”

Full article via Business Green.

70% of organisations on the road to ESOS compliance

Latest figures from the Environment Agency show 6000 organisations have ESOS compliance.

In the two days before 29 January deadline, the agency received a further 1,015 notifications of compliance. This last-minute action reflected earlier fears of a slow start to compliance by organisations covered by the scheme.

More information via The Environmentalist

Integrating Climate Risks in Real Estate

Real Estate Investor members of UNEP FI, CERES – INCR, IGCC, IIGCC, PRI and the RICS believe it is economically and practicably feasible for the real estate sector to play a significant role in limiting global temperature increase to 2°C.

The Integrating Climate Risks in Real Estate paper summarises key roles, risks and opportunities for real estate investors.

Important facts to note:

  • The building sector consumes approximately 40% of the world’s energy and contributes to 30% of global annual greenhouse gas emissions.
  • The global universe of investable real estate is worth about $50 trillion.
  • New buildings can easily be built to use 30-50% less energy than required by most energy codes dating back to 2005.
  • There is growing evidence across geographies that a climate friendly and sustainable real estate sector can both preserve and increase asset value.
  • Technology and operating processes are currently being used to improve energy efficiency of existing building portfolios by a further 2-4% each year.
  • The scale of the investment opportunity in energy efficiency building retrofits globally will rise to US$300 billion annually by 2020 and is supported by a robust business case.
  • Yet, the current rate of investments is a fifth of that required to stay within the desired less than 2°C pathway.


Further reading relating to the real estate sector and the recent events at COP21:

FM World: Business Pledges Huge Building Carbon Cuts 

GreenBiz: Why Tackling Climate Change is Good for Business 

GreenBiz: 4 City Initiatives out of COP21

GEF: A report on Sustainable Cities and the approach to attempt to promote urban sustainability.

How Energy Efficiency Cuts Costs for a 2°C Future

A new report (from a consortium of groups led by Fraunhaufer ISI) — “How Energy Efficiency Cuts Costs for a 2° C Future” — analyses how energy efficiency policies and programs in Brazil, China, Europe, India, Mexico, and the U.S. can reduce the cost of economy-wide de-carbonisation by up to $250 billion per year for these regions, with no net cost to society through 2030.

About 40% of global greenhouse gas (GHG) emissions originate from energy use in industry, transport, and buildings, and another 25% from power generation (IPCC 2014). A highly efficient use of energy is thus fundamental to limit GHG emissions. Yet, energy efficiency receives much less attention than the de-carbonisation of the energy supply.

The report explains how energy efficiency can be a low-cost pathway to keeping global warming to the critical 2 degrees Celsius mark. They stress it’s benefits compared to a highly expensive energy intensive pathway that focuses primarily on de-carbonising energy supply with more limited energy efficiency policies to help achieve a 2° C future.

Read related articles via Greenbiz and ClimateWorks

The Impact of MEES for Commercial Real Estate Lending

The Impact of MEES for Commercial Real Estate Lending

The Better Buildings Partnership consider the transformational impact of emerging real estate sustainability risks.

View the full report here.

FiT cuts: The Impact on the Solar Industry

The Department of Energy and Climate Change (DECC) is proposing to cut the feed-in tariff rates for solar PV installations by as much as 87%. Construction News looks into what this means for the Solar Industry.

Article can be viewed via Construction News here.

The Value of Sustainability in Commercial Buildings

Our Managing Director, Chris Bennett, in interview with BRE Conferences considering some of the key sustainability issues for investors ahead of the 40 Percent Symposium.

Catch Chris at the 40 Percent Symposium on 18 November 2015.

EVORA appoint new Associate Director

EVORA is delighted to announce the arrival of Nick Hogg who has joined the team as Associate Director.

Nick has over eight years’ experience as a real estate and sustainability consultant providing strategic advice to leading global real estate companies.

Prior to joining EVORA, Nick spent seven years at JLL (within the sustainability team) and a further year and a half at Deloitte.  His experience has been gained principally through advising clients in setting appropriate sustainability targets and wider corporate responsibility strategies covering issues relating to regulatory compliance, managing risk and operational efficiency.

In 2015, Nick’s work was recognised when he was listed as one of Building Magazine’s 50 Sustainability Stars. Nick was also selected to take part in the UK GBC’s ‘Future Leaders’ sustainability leadership and innovation programme.

Nick says, “It is a very exciting time to be joining EVORA, an independent sustainability consultancy that works on a range of interesting projects with fantastic clients. This was an attractive proposition in itself. A hugely significant factor in wanting to join EVORA was the opportunity to work with an incredibly experienced and passionate team of individuals with great reputations in the industry.”

Managing Director of EVORA, Chris Bennett says, “We are delighted that Nick has joined us.  Nick brings a detailed understanding of the application of sustainability to the real estate industry. We are seeing significant growth in our business, both in the UK and across Europe and Nick’s experience and knowledge will ensure we continue to deliver the highest levels of service in relation to our consultancy services and our sustainability management software, SIERA.”

Goodbye GRESB (until September)!

So that’s GRESB done.  This year we supported many of our clients to complete their GRESB submission on a pan-European basis. It may be an onerous and tough task to complete but I personally applaud the GRESB approach. The industry pays increasing attention to the survey results (released on 2nd September) and I believe, over time, that it will help drive real change as participants strive to achieve Green Star ratings (whilst those already there, work to maintain their status).  The questions are broad ranging, covering everything from environmental policy to management of bribery & corruption.  This should not be surprising as GRESB is designed to be a broad sustainability benchmark.

We also felt that the prior experience of both the participants and GRESB helped in the completion of this year’s survey.  Pre-population of last year’s answers speeds up the process and the online survey is, for the most part, intuitive and easy to navigate around.  We also participated in the GRESB training earlier in the year, and this along with improved guidance, also helped.

However, there were still challenges.  The unique way in which GRESB requires performance data to be entered is understandable (to enable performance analysis), but always creates challenges.  Electricity consumption for directly managed assets can, for example, be entered under a variety of categories, i.e. whole building, shared services, landlord procured tenant consumption and tenant procured tenant consumption.

Consumption must also be reported for 2 years to benefit from like-for-like comparison.  This must then be repeated for different fuel types across all asset classes separately and aligned to floor areas reported earlier in the survey.  Participants then move on to water and waste.  Our experience is that many clients do not hold their data in this way and so, a lot of work to ensure accurate reporting is required.

Thankfully, this year, we had SIERA, a sustainability management software system designed specifically for the investor real estate market, which contains a GRESB reporting module.  The practical and intuitive nature of the system enables designation of data to meet GRESB classification requirements.  A GRESB export function then automatically produces the data at asset level which directly interfaces into the GRESB portal. This has been a fantastic resource for us and has helped save time and ensure accuracy.

More on SIERA

So, we await the results, with interest.

For those who have now shifted their focus to CRC, SIERA also supports and significantly simplifies the CRC annual reporting requirements – deadline 31 July!

Paul Sutcliffe

Operations Director



EVORA is a niche, independent sustainability consultancy specialising in commercial real estate.

For further information on GRESB or any other sustainability issue please contact Chris Bennett at; 020 3326 7333.



GRESB (the Global Real Estate Sustainability Benchmark) uses a consistent methodology across different regions, investment vehicles and property types, to evaluate the sustainability performance of both private and listed real estate portfolios. Over the past five years, participation in GRESB has continued to increase and GRESB is fast becoming the sustainability survey of choice for the real estate sector to benchmark portfolio performance. In 2014, a total of 637 property companies and funds participated in the GRESB survey, equating to approximately 56,000 assets, with an aggregate value of USD 2.1 trillion.

GRESB Premier PartnerAs a GRESB Real Estate Premier Partner, we are perfectly positioned to provide GRESB support. View our official Premier Partner profile.

We can work with you to complete the submission and understand your scoring, as well as develop a sustainability plan that will improve your future GRESB performance and align with your organisation’s key environmental objectives.

What Can We Expect from the New Government?

The dust has settled after the UK General Election and today will mark the State Opening of a new Conservative Government. The Queen is set to deliver the legislative plans decided by the Conservatives, so what does this mean for the Environment? EVORA has rounded-up the predictions and opinions outlining what we are likely to see over the next five years.

Sky News: What to Expect in the Queens Speech.

The Telegraph: The new Energy Secretary, Amber Rudd, plans to “unleash a new solar revolution” across Britain.

The Guardian: Damian Carrington discusses Cameron’s impact on the green issues.

IEMA suggests the Top Ten Sustainability Actions for the New Government.

New Scientist: Conservatives confirm to fight against Climate Change but shun wind power. New Scientist explains here.

The Independent: Britain’s green energy industry voice their concern about the future of onshore wind development and other renewable technologies.