A wide angle study venturing a holistic view on buildings
After three years of radical global change, our lives are no longer the same. Real estate demand criteria have changed, too – the focus is no longer exclusively on the environmental footprint and on the accessibility of buildings. Accordingly, the valuation of real estate must be as flexible and versatile as the market, particularly with regard to ESG criteria. Therefore, buildings can help create resilient communities focused on sustainable and ethical growth. Focusing on short-term profits or leaving sustainability aspects completely out of the business strategy is no longer an option.
That’s why the construction services provider has created a new framework, which can be applied to various regions such as UK, Luxembourg and Germany, to identify untapped development opportunities in its latest edition of their study named ‘’Sustainable Buildings Monitor“, subtitled ‘’Redefining Value”.
A new, more comprehensive framework
The study’s data was exemplary collected for the United Kingdom and the results show major differences compared to a regional view using traditional parameters focused only on carbon footprint.
For example, while Edinburgh achieves an assessment score of 100 using traditional parameters, our new assessment framework yields 60.4. Wales, on the other hand, scores 33 points higher according to the Sustainable Building Monitor’s holistic assessment. The reason is the new scoring framework including population factors and the employee’s landscape, as well as financial and commercial factors, in addition to environmental and social factors.
An individual examination of the ratings for the particular factors provides information about the development potential of the respective regions. The analysis thereby also focuses on net zero carbon, gray emissions, performance values of buildings, access to the local labor market or green energy sources. All of this was evaluated against the background that a sustainable built environment is the key to growth through economic innovation – not an obstacle.
The benefits of an aligned, holistic view of building sustainability
With this in mind, decision makers in the real estate and construction industry should be encouraged to join the discussion and advance building resilient communities in the local market.
Project developers, portfolio owners, businesses, and local governments can align their strategy around flexible, smart buildings with a variety of uses. The new assessment framework analyzes long-term ESG fundamentals to complement corporate balance sheets. Benchmarking including ESG criteria leads to a new definition of real estate value. Thus, companies with a holistic view will benefit in the long run.
If you are interested in finding out more information please find the complete Sustainable Buildings Monitor here:
This promotional article was written by ISG Luxembourg as part of the company’s membership with the Paperjam+Delano Business Club. If you wish to become a member of the Club, contact us at .