The impact of sustainability on value


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“The idea of the memorandum is that it lays out how us and the landlord can collectively work together to measure the performance of the building as effectively as we can.”


Many property teams were caught off-guard by the speed at which environmental issues have advanced up the corporate agenda.


“Our chief executive recently announced that all our new buildings will be carbon neutral, so this instantly changed our plans for moving our central London headquarters. We very rapidly had to put together a plan and carbon assessment to identify the additional investment we needed to make this work.”


Now, property teams are determined to get ahead of the curve:


“We’re confident that there will be an announcement in the near future that the company will target becoming net zero in the next decade. In the property leadership team, we’re thinking about the implications of this now, so we hit the ground running.”


Given the increasing focus on sustainability within all layers of business, the urgency around sustainability within corporate real estate will only grow.


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