A new toolkit providing commercial property owners with guidance on integrating sustainability within the acquisition process has been launched.
The Better Buildings Partnership (BBP) Acquisitions Sustainability Toolkit – developed by property companies and industry experts – aims to provide a common approach for the industry to follow.
It includes non-technical guidance on addressing sustainability issues such as minimum energy efficiency standards and flooding.
Property owners including Aviva Investors, The Crown Estate, Grosvenor and Legal & General Real Assets have committed to use the guidance to further enhance their due-diligence processes.
Sarah Ratcliffe, BBP Programme Director said: “It is absolutely critical that sustainability risks and opportunities are reflected in owners’ investment decisions. The responsibility for this, however, should not be the preserve of the ‘sustainability experts’ but simply part of business as usual.
“This toolkit supports this by enabling investment teams to understand the issues and take the lead in embedding them within their own internal processes.”
The 28 property giants, part of BBP, recently revealed they have seen £16 million in energy savings since 2011 as a result of making their buildings greener.