Sustainable Real Estate

Learn to create value through the integration of sustainability into real estate development and investment

Beautiful cityscape at dawn filled with a variety of colors a mix of tall buildings and skyscrapers

A two-day Sustainable Real Estate course

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Download: Course Outline

Part One: Policies, Drivers and Measurement

Environmental concerns and real estate

The rise of Net Zero: history and policies for real estate
Case Study: The inclusion of real estate in the international COP process
The contribution of real estate to sustainability issues
Comparing ESG legislation for real estate in the UK, Europe and worldwide

Analysing the Social Impact of Real Estate

Local procurement
Labour standards and working conditions
The creation and maintenance of communities
Tenancy mix
Diversity and inclusion
Sustainable Real Estate Course Case Study: The integration of social and affordable housing into real estate development: best practices and worldwide examples

Governance for Developers

Best practices for governance: real estate developers and investors
Board and executive structures
Workforce issues
Transparency and reporting
Worldwide evidence on developer governance
Case Studies: Governance problems at real estate organisations

Conforming to ESG Standards

UN SDGs
The UN PRI
UN Global Compact
ESRS (European Sustainability Reporting Standards)

EU Reporting Background

The EU Green Deal
Corporate Sustainability Reporting Directive
EU Taxonomy for Sustainable Activities
Corporate Sustainability Due Diligence Directive
Sustainable Finance Disclosure Regulations

UK Reporting Background

Companies, Partnerships, and Groups (Accounts and Non-Financial Reporting) Regulations
Streamlined Energy
Carbon Reporting and the Sustainability Disclosure Requirements

Specific Real Estate Applications

Real estate reporting requirements for smaller and publicly-owned entities
Case studies of real estate developers and investor reporting
Legal cases concerning sustainability/ESG reporting from the UK, EU and other company law

Part Two: Sustainability Reporting Focus for Real Estate

Property Green Standards for Construction and Investment: Evolution and Benchmarking

Examples of each across multiple jurisdictions:
- LEED
- BREEAM
- REEB
- CASBEE
- SKA
- NABERS
- EDGE
- WELL
- Fitwel
- Green Star
- Energy Star
- ISO 14001

Portfolio Sustainability Reporting

GRESB as a real estate portfolio reporting practice
SBTi reporting
Combining reporting frameworks

Reporting According to GRI Requirements

Analysis of the GRI requirements for sustainability reporting
How to report using the GRI standards
Examples of GRI real estate reporting

Reporting According to ISSB Standards

Content and application of ISSB Standards to developer and investor reporting
Implementation of the ISSB Standards by national jurisdictions (including the UK and EU)
Planned future extensions of the ISSB Standards

Comparing Sustainability, ESG and Integrated Reports

Changing practices in ESG/Sustainability reporting
Omissions and uncertainties in practice
Greenwashing concerns in ESG/Sustainability reporting
Case Studies: Current best practice in developer and investor sustainability reporting

Measuring Sustainability for Developers and Construction Companies

The role of data collection for ESG/sustainability reporting
Energy use and control
HVAC analytics
Water and waste management
Biodiversity
Tracking material use: analysing embedded carbon and other issues for the real estate supply chain
Governance – tax, corruption, and data privacy
Lifecycle costing
Sectoral differences (residential, industrial, retail, office and others)
Reviewing global evidence for the range of potential and actual sustainability variables for developers and investors

Implementation of Sustainability Reporting

Utilisation of tools (e.g., CRREM Risk Assessment)
Integrating ESG into BIM and GIS software
Predictive maintenance and the wider ESG perspective on Facilities Management
Management of ESG/sustainability implementation (including software choice and management)
Key challenges and obstacles from a decade of ESG real estate implementation
Overcoming greenwashing in ESG/sustainability implementation
ESG qualifications for real estate
Interaction with development and investment teams

Financing and Sustainability

The design and scope of green bonds
Bank green lending practices for real estate
Private equity perspectives on sustainability in real estate
The range of green financing for development in the UK and Europe
Sustainable Real Estate Training Course: Case studies on UK and European green financing for real estate
Structuring green leases

Impact Measurement

Financing costs and ESG performance scorecards for real estate developers and investors
The impact of real estate ESG ratings
Comparing MSCI, DJSI, SPI, ECORE and other sustainability indices for the real estate sector
Developer sustainability policies and valuation
Case studies on brown discounts and green premia
Sustainability, HR and retention rates
Construction and development companies, sustainability and share prices
Sustainability, property valuations and investment performance
Translation of ESG scoring to portfolio performance and value
Evidence on the relative contribution of environmental, social and governance scorecards and ratings to financial performance

Course Conclusion

The future trajectory of sustainable practices in the real estate industry

Redcliffe’s Sustainable Real Estate course trainer comes from an old real estate family in the UK. He graduated with a first-class degree in Philosophy, Politics and Economics from Oxford University and, amongst other postgraduate degrees, he holds a PhD in developer strategy from Curtin University. He also has the CLC legal qualification.

He began his career as an analyst in the UK public sector, subsequently joining the mainstream Civil Service Fast Stream. He then returned to economic analysis and became a divisional forecasting head for what is now S&P’s Global Insight.

He subsequently worked on a range of derivative contracts for the London Commodity Exchange and then set up his own consultancy with a range of clients from the international property sector, including banks and chartered surveyors. This includes advising on aspects of investment, infrastructure, governance and real estate financing, valuation and audit. He advises sovereign wealth funds on real estate investments and currently serves as Chief Economist of a chartered surveyor.

He regularly presents seminars on a range of real estate and sustainability topics to developers, investors, bankers, government agencies, and other organisations worldwide.

Alongside delivering around sixty days a year of training, he has also published several books, including topics on valuations, derivatives, governance and real estate modelling.

Upon completion of this Sustainable Real Estate course, you will be able to:

Understand the rise of global sustainability and ESG concerns relating to real estate development and investment.
Know how real estate fits into global sustainability concerns and how the integration of real estate into the UN SDGs and international agreements has proceeded to date.
Analyse the environmental and social impact and governance structures of real estate development and investment.
Categorise and evaluate EU, UK and other sustainability reporting requirements.
Relate these sustainability requirements for corporates to the strategic and operational aspects of real estate developer and investor organisations.
Appreciate the similarities and differences between each of the main property-specific sustainability measurement frameworks.
Create and maintain individual property and portfolio sustainability performance according to the main accounting and real estate sustainability frameworks.
Explain the technical competencies and means to measure sustainability data for real estate developers and investors.
Develop appropriate processes and practices within a real estate developer or investor to deliver sustainability reporting across all the main frameworks.
Engage with real estate lenders and investor concerns and requirements for green lending, investment and other sustainability stakeholder relationships.
Similarly, engage with ESG rating agencies to enable efficient ratings.
Present a detailed critique of the relationship between real estate sustainability and investor value.

Our trainer has an investment, government legal, and financial risk management background. He has also served as Vice-President of a CSR consultancy for many decades and is now actively engaged in research into real estate sustainability.
His experience in over 40 years of practical and analytical real estate work enables him to evaluate each aspect of real estate sustainability in the context of the evidence of actual development projects and investments worldwide.
He has delivered sustainable real estate courses in a range of jurisdictions worldwide.
His long-standing roles as a CSR practitioner, researcher in real estate, and within a chartered surveyor firm provide you with a unique international insight into the interaction between sustainability and real estate investment and development.
We can deliver this Sustainable Real Estate course online or at a location of your choice on an in-house basis.

Through presenting to clients involved in real estate deals worldwide, he is constantly exposed to the impact of real estate risks and their management on value creation in development and investment.

Redcliffe’s Sustainable Real Estate workshop is designed for real estate professionals and those engaged in real estate development and investment across various jurisdictions, particularly those in the UK, Europe, and other developed markets. It will be especially valuable for:

Real Estate developers:
- C-suite executives wishing to enhance their appreciation of ESG and sustainability significance, management and reporting
- Finance and legal department managers
- Dealmakers and land bankers
Private Equity and other real estate investors:
- C-suite executives involved in corporate strategy and international real estate investment
- Investors and fund managers involved in deals with a significant real estate component
- Limited Partners considering investment in real estate funds and companies
Lenders:
- Those responsible for real estate deals performing green due diligence
- Lending managers at banks and other institutions that oversee property lending and investment portfolios
Advisors and Consultants:
- Transaction services professionals working on single and multi-jurisdictional real estate deals
- Valuers seeking to integrate ESG/sustainability criteria more fully into their real estate valuations
- Lawyers and accountants seeking to expand their understanding of real estate development and investment
ESG, sustainability and CSR practitioners:
- All ESG, sustainability and CSR consultants and advisers working in the UK and European jurisdictions
- ESG, sustainability and CSR managers in real estate developers and investors
- Public servants involved in property legislation and the regulation of developers and investors

The importance of real estate in environmental concerns is supported by its inclusion in the COP process for the first time. Buildings emit close to half the world’s carbon and are responsible for much of the global pollution. Real estate also contributes enormously to social problems and their solution, whilst the governance of the significant players in real estate is a matter of abiding concern for regulators, lenders and investors alike.

A wide range of policies, practices and processes emerge to encompass this tremendous challenge. Redcliffe Training’s Sustainable Finance course addresses them all, from the high-level ambitions of the United Nations through to corporate and real estate reporting frameworks, as well as the methods, techniques and measurements required for implementation of sustainability reporting for real estate at the individual property and portfolio level.

The emphasis throughout this course is practical guidance for professionals engaged in managing, analysing or regulating real estate, with an emphasis on developed jurisdictions in the UK and Continental Europe but with parallels elsewhere as required.

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