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ESG video series for Real Estate Fund Managers: MEES & EPCs

By Grace Melville
15th June 2021

How will MEES & EPCs affect Real Estate Fund Managers?

The Association of Real Estate Funds ESG & Social Impact Investing Committee recently launched The AREF ESG 5 Year Roadmap, in collaboration with Carbon Intelligence. 

This series features six exclusive short films that explain when you will be affected by incoming regulation or market change and how you can prepare. There will be leaders and laggards in the race to zero and those who embrace responsible investing will come out on top.

This video features Kelly Greer, Research Director at the Association of Decentralised Energy and Alex Green, Assistant Director at British Property Federation

 

Key Takeaways from the Association of Decentralised Energy

  • MEES requires commercial property owners to improve their buildings to EPC band B by 2030.
  • There are increasingly significant fines and reputational risks for non-compliance.
  • We will shift to operational energy standards by 2023 – what energy a building is using in reality, not just an estimation.
  • Regulation and broader drivers to reduce built environment emissions will only get stronger and should be seen as a reputational opportunity.

Key Takeaways from British Property Federation

  • Transition your buildings early to avoid significant transitional risk later as regulations tighten over time.
  • There is a real risk of non-compliance leading to stranded assets.
  • Buildings with higher energy efficiency and EPC ratings could benefit from higher rental yields from premium tenants.
  • The UK government is proposing to introduce a framework for assessing buildings above 1,000 m2 with annual ratings and mandatory disclosure.

 

Contact Us

The transition to net zero will require a long term strategic plan and we’re here to help. Contact our team today to understand more about how we’re supporting organisations to develop their net zero roadmaps and ensure climate success, info@carbon.ci OR oliver.light@carbon.ci

Download | Net Zero: The Guide for Commercial Real Estate