There’s an increasing level of risk associated with non-sustainable developments and tenants are actually looking for a greater level of flexibility in the buildings they occupy. And then there are the issues of energy savings and public relations.
The growth of Global Real Estate Sustainability Benchmark (GRESB) in recent years is testament to just how seriously businesses are taking the subject. When the standard was first established in 2009, some 200 companies and funds provided data. By last year, this figure had increased by a factor of three and reports were filed on $2.5 trillion worth of real estate.
Environmental certification for buildings is now part and parcel of corporate responsibility. It’s hard to let a building without a BREEAM rating, LEED or local building certification. There are also an increasing number of targets to measure efficiency and sustainability, effecting and influencing the decisions of developers, owners and building users.