Imagine you’re a mid size property company, probably an unlisted private trust. You have about 30 buildings in your portfolio and you want to raise capital.
But the institutions you go to for funds want to know what your NABERS ratings are, or if you take part in the Global Real Estate Sustainability Benchmark, and if not why not.
According to Jamie Ayers, built environment sector lead for Energetics, the world is changing fast. More and more institutions and investors are driven by responsible lending practices.
More and more institutions and investors are driven by responsible lending practices.”
“That extends to a range of things, not just energy and carbon but broader sustainability such as the new legislation on modern slavery.
“For investors it’s a risk. They say, ‘I don’t want to bring anything to my portfolio that’s a risk’.”
Big property companies such as real estate investment trusts also want to signal big, sometimes dramatic change. Such as a goal to net zero carbon by 2030 or 2025 – sometimes even sooner.
They might want a nice big power purchase agreement for renewable energy to help them get there.