Fachgebiet Immobilienwirtschaft (FIWI)

UNEP FI PWG report: Sustainability Metrics – Translation and impact on property investment and management

  • Ansprechpartner:

    T. Lützkendorf

    D. Lorenz

  • Starttermin:

    July 2013

  • Endtermin: May 2014

Short project description

UNEP FI PWG report: Sustainability Metrics

This report, ‘Sustainability Metrics: Translation and impact on property investment and management’, provides a framework for a Corporate Real Estate Sustainability Management (CRESM) system for property investment and management organisations. The framework can be used as a means (1) to meet their environmental, social and governance responsibilities whilst addressing the financial / risk implications of sustainability and (2) as an overall quality assurance tool and mechanism.

The purpose of this report is to improve the industry’s technical ability and sophistication in creating the necessary information links and feedback loops within the system (i.e. the property market). This allows the system’s actors to possess and see the financial incentive to change their behaviour. A list of applicable sustainability metrics is provided with explanations of (1) how sustainability considerations can actually be embedded within business routines and decision making processes at different corporate levels, (2) how existing tools and methods can be adjusted/fine-tuned accordingly, and (3) how buildings’ sustainability performance can impact on asset and portfolio value, corporate reputation and financial success.

The report’s primary audience is commercial property investment and management firms, however, the report is also useful for decision-makers in related sectors such as banking and insurance.

The ‘Sustainability Metrics - Translation and impact on property investment and management’ report represents a joint venture between leading stakeholders in the field of property investment, advisory and management. Led by the Property Working Group within the United Nations Environment Programme Finance Initiative (UNEP FI) and developed at the Centre for Real Estate at the Karlsruhe Institute of Technology (KIT), the report is supported by the Royal Institution of Chartered Surveyors (RICS), the Principles for Responsible Investment Initiative (PRI) and the Institutional Investors Group on Climate Change (IIGCC).

Publication/launch of the report: 7 May 2014, RICS, London, UK 

The Sustainability Metrics Report is available here.