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The Better Buildings Partnership (BBP) has published a new guide for BBP Climate Commitment signatories and other real estate companies on climate resilience.
The guide has been led by the BBP’s Climate Resilience Working Group and co-created with BBP members, drawing together existing industry guidance and BBP member best practice case studies to set out how to define, measure and report on climate resilient real estate portfolios.
In 2019 the BBP published the Climate Commitment – a pledge open to all property companies committed to delivering net zero buildings before 2050. The concept of climate resilience was incorporated into the Commitment from the start, seeking to ensure that signatories addressed the potential risks and opportunities connected with climate change in addition to setting out their pathways to net zero carbon.
The new guide sets out in further detail how signatories can comply with the Commitment’s requirements concerning climate resilience, as well as guiding real estate companies early in their resilience journeys on how to get started. It includes:
- a clear definition of climate resilience incorporating climate mitigation, adaptation and disclosure that signatories will commit to using;
- an overview of eight key themes to be addressed by an organisational climate adaptation plan; and
- a deep dive into climate disclosure, summarising TCFD requirements and referencing case studies from the BBP membership.
The guide will provide much needed clarity and a consistent framework for addressing and reporting on climate resilience and includes a wide range of examples and case studies from BBP members who are leading the way in developing climate resilience strategies.
Sarah Ratcliffe, CEO, Better Buildings Partnership said: “As science predicts that keeping within 1.5 degrees warming looks unlikely and real-life events demonstrate the impact of climate change, the need for property owners to develop comprehensive climate resilience strategies could not be more pressing. We hope this guide will provide a valuable tool for the whole industry and initiate the urgent action required to protect and prepare commercial real estate assets for the challenges that lie ahead.”
FMJ, in partnership with PlanRadar, is pleased to bring together a panel of experts to discuss achieving ESG using the power of digitisation.
According to the Environmental Audit Committee (EAC) the UK’s built environment is responsible for 25 per cent of the UK’s greenhouse gas emissions, and a large proportion of the commercial stock in the UK requires further investment to become environmentally sustainable. With climate deadlines looming, urgent action is needed.
The pandemic taught us the importance of utilising digital technology to protect people. FMs are now aware of the use of accurate data to help manage assets as well as occupants, by streamlining maintenance programmes, monitoring building assets performance and measuring the amount of energy being used.
FMs have a key role in meeting ESG goals, which include:
* Environment: Meeting sustainability goals, including net zero targets, waste reduction and recycling
* Social: Maintaining health and safety, delivering social value, equality and diversity, duty of care and investment in skills
* Governance: Compliance with all regulatory requirements and legislation, and reducing errors by the use of robust data processes.
The webinar will take place on the 11th October at 11am.
Register for the webinar here.
If you are unable to attend please register and we will send through a recording of the event post webinar.
