Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green...
Transcript of Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green...
![Page 1: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/1.jpg)
Sustainable
Property
and
Finance: The evolution of Green Star
as a tool for assuring
sustainable outcomes
Nick Alsop
Senior Manager Market Engagement
Green Building Council of Australia
![Page 2: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/2.jpg)
CERTIFIED
World Leadership
![Page 3: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/3.jpg)
Who is the
Green
Building
Council of
Australia?
We lead the
sustainable
transformation of the
built environment
We rate
We advocate
We educate
![Page 4: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/4.jpg)
What is Green Star?
Green Star measures how well your
community, building or fitout is
designed, constructed or operated
compared to other Australian
communities, fitouts and buildings.
![Page 5: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/5.jpg)
• All of Mirvac’s Certified and registered projects
• 7 Certified projects, 4 Registered
2500+ certified projects
![Page 6: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/6.jpg)
50% of ASX50 companies use
![Page 7: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/7.jpg)
40%
office
space Green Star certified
42k
people live in Green Star
Apartments
460k
people moving into Green
Star
Communities
1.4M
people visit daily a Green Star
Shopping
Centre
![Page 8: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/8.jpg)
Green Star
Design &
As Built Communities Interiors Performance
ANY KIND OF
FITOUT
EXISTING
BUILDINGS IN
OPERATION
MASTER PLANNED
COMMUNITIES AND
PRECINCTS
NEW BUILDINGS
![Page 9: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/9.jpg)
Innovators Adopters Early majority Late majority Minority
Our role in the built environment
Direct influence Actors are driven to improve the
built environment. Green Star is
seen as a mechanism to
demonstrate this high level
of achievement.
Indirect influence Ratings are sought or
required.
Actors are driven to show
quality due to government or
tenant requirements. Their
decisions are influenced by
the rating system.
Practical influence Ratings are not sought, but
products and practices have
filtered down and improved
the overall quality of the built
environment.
Policy influence Green Star practices help drive
policy changes in the regulatory
environment.
GBCA relies on advocacy and
partnerships, such as working with
ASBEC, to drive policy changes,
and in the national construction
code. Green Star rated buildings
show changes can be achieved.
![Page 10: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/10.jpg)
GREEN STAR CATEGORIES
![Page 11: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/11.jpg)
Green Star How it works
Minimum
Practice
10
1 Star
Average
Practice
20
2 Star
Good
Practice
30
3 Star
Best
Practice
45
4 Star
Australian
Excellence
60
5 Star
World
Leadership
75
6 Star
Performance
Design & As Built
Interiors
Communities
![Page 12: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/12.jpg)
Green Star Design & As Built Relevant, flexible, outcomes-based
As Built rating The As Built assessment certifies completed buildings and
confirms that the finished product delivers sustainable
outcomes
Design Review rating An optional Design Review gives projects the confidence
they are on the right track and provides an early opportunity
to promote a Green Star commitment
![Page 13: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/13.jpg)
Initial Start your journey
Submission Templates*
Operational data
Management practices
& policies
Benchmark your building
Improve Continue your journey
Submission Templates
Energy & water data
Review of practices
Additional practices
Year three
Performance Relevant, flexible, outcomes-based
Audit Review implementation
Submission Templates
Energy and water data
Additional policies and practices
Next two years
![Page 14: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/14.jpg)
PERFORMANCE
![Page 15: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/15.jpg)
To deliver a quality built environment, you need a quality rating system
Our ISO9001 accreditation keep us
sharp and ensures we continuously
improve our certification services.
As the only registered certified trademark for
the built environment by ACCC, we stand
behind what we say.
![Page 16: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/16.jpg)
260,000 cars removed from our
roads each year.*
47,000 average households’
greenhouse gas emissions
annually*
55% fewer
greenhouse
gas emissions than standard new
buildings*
Environmental benefits
The higher the
Green Star
rating (4, 5 or 6
Star) the greater
the emission
reductions*
4 Star 47%
5 Star 55%
6 Star 69%
0%
4 Star 5 Star 6 Star
Savin
gs
* Based on the 681 Green Star Design & As Built projects certified as at October 2018
Every year, Green Star certified buildings annually
reduce emissions equivalent to:
![Page 17: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/17.jpg)
16% 2012
24% 2015
30% 2018
Source: Dodge Data and Analytics, World Green Building Trends 2018
Economic benefits
Percentage of owners expecting
an increase of 10% or more in value
over time.
The World Green Building Trends report
found that building owners expect green
buildings to have an increase in asset value
compared to non-green assets.
In Australia, by 2021, 64% of firms expect
to be doing the majority of their projects
green, driven by client and market demand.
![Page 18: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/18.jpg)
Economic benefits (Global)
New green building
7% Owners anticipate new
green buildings will deliver
a 7% increase in asset
value
Green retrofits
Owners anticipate green
retrofits will deliver a 5%
increase in asset value
$
The industry anticipates
new green buildings will
decrease 12 month
operating costs by 8% and
5 year operating costs by
14%
The industry anticipates
green retrofits will
decrease 12 month
operating costs by 9% and
5 year operating costs by
13%
Payback time for new
green investments
(6 years for retrofits)
7 years
Source: Dodge Data and Analytics, World Green Building Trends 2018
![Page 19: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/19.jpg)
Economic benefits
*Source: MSCI/PCA Green Property Index 2018
Figures shoe Green Star (CBD) vs all office (CBD)
**Source: Stok – The Financial Case for High Performance Buildings 2018
Green Star rated buildings
deliver a 5.6% premium in
value and a 13.4% premium
in net income*
Increased tenant demand is
reflected in lower vacancy rates
for Green Star rated buildings,
with an 26.4% increase in
Weighted Average Lease Expiry*
Research out of the US in 2018
found that by designing for the
occupant, owner-occupants and
tenants can gain $3,395 per
employee in annual profit**
![Page 20: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/20.jpg)
Cost of Green Star
+0.9% To achieve a
4 star Green Star rated building
Per square metre
Based on a sample of 71 projects, as at December 2018
Delivering Green Star rated buildings makes
economic sense.
+2.6% To achieve a
5 star Green Star rated building
Per square metre
+2.9% To achieve a
6 star Green Star rated building
Per square metre
![Page 21: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/21.jpg)
Social benefits
Tenants in green
buildings reported
4 fewer sick
days1.
An office enriched with plants makes
staff happier and boosts performance
by more than 10%2
3
Classroom design can
affect a child’s academic
progress over a year by
as much as 25%4.
5
6
Beyond their environmental
benefits, green buildings
improve our lives.
![Page 22: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/22.jpg)
![Page 23: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/23.jpg)
![Page 24: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/24.jpg)
Source: World Economic Forum Global Risks Perception Survey 2017–2018
![Page 25: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/25.jpg)
![Page 26: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/26.jpg)
![Page 27: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/27.jpg)
Green Finance
0
0.5
1
1.5
2
2.5
3
3.5
2014 2015 2016 2017 2018
Renewable energy low carbon buildings low carbon transport water waste
Aud B
illio
ns
![Page 28: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/28.jpg)
![Page 29: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/29.jpg)
Introducing:
Global Net Zero Carbon
Buildings Commitment Challenging leaders to decarbonise
their portfolios by 2030.
Launches September 2018.
““This new Commitment is a huge step
forward on the path towards net zero. The
Commitment will help to create
unprecedented demand, stimulating the
market to deliver net zero carbon
buildings at scale.”
Terri Wills
Chief Executive Officer
WorldGBC
![Page 30: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/30.jpg)
19 Organisations
22 Cities
6 States & Regions
Organisations
AMP Capital Wholesale Office Portfolio
Berkeley Group
Bruntwood
Cbus Property
Cundall
Dexus
Frasers Property Australia
GPT Wholesale Office Fund
Integral Group
Kilroy Realty Corporation
LG Super
Majid Al Futtaim
Natural Resources Defense Council
Nightingale Apartments
Shaw Contract
Signify
Salesforce
Stockland - Retirement Living & Logistics
Sydney Opera House
Cities
Cape Town
Copenhagen
eThekwini
Johannesburg
London
Los Angeles
Medellin
Montreal
New York City
Newburyport
Paris
Portland
San Francisco
San Jose
Santa Monica
Stockholm
Sydney
Tokyo
Toronto
Tshwane
Vancouver
Washington DC
States
Baden-Württemberg, Germany
Catalonia, Spain
California, USA
Navarra, Spain
Scotland, UK
Yucatan, Mexico
![Page 31: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/31.jpg)
Driving the carbon conversation
Since 2015, we have been active in
delivering thought leadership,
advocacy, and standards to
decarbonise the built environment.
“This Carbon Positive Roadmap is a
natural next step, providing clear
pathways to carbon neutrality and
creating new value for building
owners, occupants and the broader
community,”
Davina Rooney
General Manager of Sustainability
Stockland
![Page 32: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/32.jpg)
Carbon Positive Roadmap
Commit Decarbonise Reduce Transform Support
Report yearly
emissions and
electricity
consumption
Use 100% renewable
electricity, either
generated on-site or
procured from off-site
Install and use
measures that
support grid
decarbonisation
be 40-50% more
efficient than today’s
building code.
Reduce and offset
all embodied
carbon, refrigerants,
and other emissions
![Page 33: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/33.jpg)
Green Star
aligns with green bonds
Outcomes
that matter
Leading indexes and financial
instruments recognise Green Star
as a measurement of quality and
leadership
![Page 34: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/34.jpg)
![Page 35: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/35.jpg)
![Page 36: Sustainable Property and Finance · 2019-07-29 · Source: Dodge Data and Analytics, World Green Building Trends 2018 Economic benefits Percentage of owners expecting an increase](https://reader033.fdocuments.in/reader033/viewer/2022060314/5f0b9ae17e708231d4315441/html5/thumbnails/36.jpg)