ASSET MANAGEMENT FRAMEWORKS
ASSET MANAGEMENT FRAMEWORKS
ESG reporting within the property sector has matured significantly over the past 20 years with a range of different frameworks for your Asset Management planning. You can have your buildings, office fit-out or infrastructure certified against a comprehensive sustainability framework that takes into account, embodied carbon, material sourcing, labour, environmental sustainability, ecology, energy efficiency, waste management and water consumption.
CLIMATE BONDS INITIATIVE (GREEN BOND)
Climate Bonds Initiative is an international, investor-focused not-for-profit. They are the only organisation working solely on mobilising the $100 trillion bond market for climate change solutions. They promote investment in projects and assets necessary for a rapid transition to a low carbon and climate resilient economy.
The strategy is to develop a large and liquid Green and Climate Bonds Market that will help drive down the cost of capital for climate projects in developed and emerging markets; to grow aggregation mechanisms for fragmented sectors; and to support governments seeking to tap debt capital markets.
Climate Bonds Initiative is an investor-focused not-for-profit.
GREEN BUILDING COUNCIL OF AUSTRALIA (GREEN STAR)
Green Building Council of Australia rate the sustainability of buildings, fitouts and communities through Australia’s largest national, voluntary, holistic rating system – Green Star. Green Star is a Certification Trademark. Green Star uses a robust, transparent and independent assessment process, and projects that certify can proudly display the Green Star Certification Trademark. Only projects that we have certified can claim to achieve a Green Star rating. Projects that claim to meet the requirements of Green Star but are not certified are potentially in breach of trademark rules and may be accused of ‘greenwash’. We operate a quality management system which complies with the requirements of ISO 9001:2015 for the development, upkeep and delivery of Green Star Certification.
INFRASTRUCTURE SUSTAINABILITY COUNCIL OF AUSTRALIA (ISCA)
The Infrastructure Sustainability Council of Australia (ISCA) is a member-based, not-for-profit peak body operating in Australia and New Zealand with the purpose of enabling sustainability outcomes in infrastructure. ISCA do this in the following ways;
1. With an Infrastructure Sustainability (IS) rating scheme for planning, design, construction and operations of infrastructure assets,
2. Education, training and capacity building,
3. Connecting suppliers of sustainable products and services with projects through ISupply,
4. Bringing together experts to share knowledge and lift the community of practice,Recognition and rewarding best practice.
ISCA’s greatest strength is its community of engaged stakeholders – ISCA has a great deal of expertise within its network of members. ISCA positions itself as a network for collaboration, discussion and education.
US GREEN BUILDING COUNCIL (LEED)
(Leadership in Energy and Environmental Design) is the most widely used green building rating system in the world. Available for virtually all building types, LEED provides a framework for healthy, highly efficient, and cost-saving green buildings. LEED certification is a globally recognized symbol of sustainability achievement and leadership. LEED is for all building types and all building phases including new construction, interior fit outs, operations and maintenance and core and shell. Identify an appropriate rating system.
The following 40/60 rule provides guidance for making a decision when several rating systems appear to be appropriate for a project. To use this rule, first assign a rating system to each square foot or square meter of the building, and then choose the most appropriate rating system based on the resulting percentages. The entire gross floor area of a LEED project must be certified under a single rating system and is subject to all prerequisites and attempted credits in that rating system, regardless of mixed construction or space usage type. If a rating system is appropriate for less than 40% of the gross floor area of a LEED project building or space, then that rating system should not be used. If a rating system is appropriate for more than 60% of the gross floor area of a LEED project building or space, then that rating system should be used. If an appropriate rating system falls between 40% and 60% of the gross floor area, project teams must independently assess their situation and decide which rating system is most applicable.
BREEAM
BREEAM is the world’s leading sustainability assessment method for masterplanning projects, infrastructure and buildings. It recognises and reflects the value in higher performing assets across the built environment lifecycle, from new construction to in-use and refurbishment. BREEAM does this through third party certification of the assessment of an asset’s environmental, social and economic sustainability performance, using standards developed by BRE. This means BREEAM rated developments are more sustainable environments that enhance the well-being of the people who live and work in them, help protect natural resources and make for more attractive property investments.How BREEAM Certification Works.
BREEAM is an international scheme that provides independent third party certification of the assessment of the sustainability performance of individual buildings, communities and infrastructure projects. Assessment and certification can take place at a number of stages in the built environment life cycle, from design and construction through to operation and refurbishment.In the case of BREEAM, third-party certification involves the checking – by impartial experts – of the assessment of a building or project by a qualified and licensed BREEAM Assessor to ensure that it meets the quality and performance standards of the scheme. At the heart of this process are certification bodies – organisations with government approval (through national accreditation bodies) to certificate products, systems and services. The main output from a certified BREEAM assessment is the rating. A certified rating reflects the performance achieved by a project and its stakeholders, as measured against the standard and its benchmarks. The rating enables comparability between projects and provides reassurance to customers and users, in turn underpinning the quality and value of the asset.The BREEAM ratings range from Acceptable (In-Use scheme only) to Pass, Good, Very Good, Excellent to Outstanding and it is reflected in a series of stars on the BREEAM certificate.
CEEQUAL
CEEQUAL is the sustainability assessment tool of choice for industry professionals. With over a decade of operational experience, CEEQUAL can be used for the assessment of all types of civil engineering, infrastructure, landscaping and public realm projects and contracts. Unlike decision-support tools, it uniquely uses rigorous evidence-based assessment criteria, and external verification, to provide a result that can be made public and used in publicity. In addition, integration of the question set in the development of projects and contracts can very positively influence design and construction management and often leads to significantly better outcomes than would otherwise have been the case.
CICERA (GREEN BOND)
CICERO Shades of Green AS provides independent, research-based evaluations of green bond investment frameworks to determine their environmental robustness. Second opinions are graded Dark Green, Medium Green and Light Green to offer investors better insight into the environmental quality of green bonds. They also offer assessments of companies, sustainability-linked bonds, and impact reports.
CICERO Shades of Green has close ties to CICERO Center for International Climate Research, one of the world’s foremost institutes for interdisciplinary climate research. CICERO scientists and experts provide quality control and methodological development for the Second Opinions at CICERO Shades of Green.
1ST GREEN BOND (WORLD BANK)
CICERO provided its first Second Opinion when the World Bank issued its first green bond framework in 2008. CICERO was a key part of the green bond model developed for the first World Bank green bond together with SEB and helped the market diversify with integrity.10+ YEARS OF EXPERIENCECICERO has been providing independent research-based evaluation of green bonds since it evaluated the first green bond issued by the World Bank in 2008. With its second opinions CICERO has helped pave the way for increased green capital flows. RENOWN METHODOur Shades of Green methodology applies three shades of green to indicate relative climate risk and impact. This encourages companies and organizations to improve their green ambition
