Inform Built Environment SUSTAINABILITY TOOL
The environmental consul- tancy Environ has launched a new tool for property invest- ment appraisals.
SAPI (Sustainability Appraisal for Property Investment) is a methodolo- gy for providing a thumbnail environmental sustainability rating as part of the property transaction due diligence process.
“At the moment, only lim- ited guidance is available on how to assess or benchmark environmental sustainability when acquiring property,” said Andy McVey, head of the firm’s London office. “SAPI provides a rapid, cost effective initial audit of environmental sustain- ability established within the accredited standards and focused on the key issues most widely recognised by landlords and occupiers. “As far as we are aware this is the only sustainability assessment tool for the due diligence process.”
Report urges Green Investment Bank to act
Around 6,500 jobs would be created in the small scale renew- able energy sector if the Green Investment Bank (GIB) gives the appropriate financial backing, according to a new report by The Co-operative Bank and account- ancy firm, Grant Thornton. The report demonstrates the
early economic gains that the GIB could make in the period while larger
projects remain in plan- ning and development stages. It urges for £200M to be brought forward from the GIB’s initial £3B budget for small-scale renew- able schemes instead of concen- trating solely on large energy and infrastructure developments. According to the two compa- nies, by supporting projects of between 250kW and 5MW in size the GIB could generate the following returns almost imme- diately compared to more com- plex nuclear and offshore wind projects:
Investment key to renewables jobs
Small projects tend to have greater impact on UK companies, the report says n £273.5M annual economic activ-
ity; n
£56M additional tax revenue
a year n
a year n
Leverage £1B of private invest-
ment for renewable energy n
2,940GWh of renewable power
Generate a return on its invest- ment in order to create a sustain- able fund for further investment in green projects
The report says that small pro- jects tend to have greater impact on
UK companies and create more jobs and growth.
“We’re concerned that an opportunity to create
jobs
and boost economies at a local level will be missed if the GIB focuses solely on financing large- scale projects such as offshore wind and nuclear,” said Neville Richardson, chief executive at the Bank’s parent company Co-operative Financial Services. “We acknowledge the role of
the large scale projects, but these will take time. There are available projects that can generate returns for the tax payer even before these larger schemes begin. We need to get on with the delivery.”
TROPHY FOR AUDITOR KPMG has been honoured by the Royal Institution of Chartered Surveyors for its commitment to sustainability at its new Canary Wharf headquarters. The 15 Canada
AWARD WINNER
Square office picked up Sustainability Project of the Year at the RICS London Awards, with the judges impressed by the firm’s vision to create a sustain- able flagship building that is a central part of KPMG’s strategic vision, rather than an ‘add-on’.
The project has been used to expand KPMG’s in-house expertise and sustainability best practice.
FOLLOW ON TWITTER @LOWCARBONKEEP, @WATERWISE, @THE_ENVIST, @GOOD, @NQAUK, @UKGBC, @ARUPPETERHEAD, @TONYJUNIPER... 14 | Sustainable Business | June 2011
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