The Pinsent Masons Sustainability & Energy Toolkit
Like never before, the Real Estate and Construction sectors are under increasing pressure to embrace energy efficiency, carbon reduction and waste minimisation measures in line with the Government’s stated policy imperative for the transition to a low carbon economy. Pressure is being felt from Europe, in conjunction with more onerous laws and policy emanating from central and local government, client and employee demands, boardroom Corporate Social Responsibility policies as well as from lender and shareholder action.
Carbon is of course not the only green output or resource the use of which the industry must now address; it must also tackle the use of virgin resources, water take and waste generation. Wider concepts of "sustainability", "sustainable development" and "energy efficiency" are forcing the Real Estate and Construction sectors to address the carbon and climate change agendas from developers, through consultants and professional advisers, to investors and end users.
Whether the industry likes it or not, "the future is green" and action is required not only to ensure that your business understands the requirements and is complying with environmental law and policy but also to ensure that "sustainability" benefits your bottom line, and allows you to adhere to progressive industry standards and to maintain market position. Cost savings achieved by taking action will always be welcome and advantage should also be taken of any financial incentives that are available (e.g. Renewable Heat Incentive (RHI), Feed-in Tariffs (FITs) and Renewable Obligation Certificates (ROCs).
This Sustainability and Energy Toolkit is intended to highlight those current and proposed legislative and policy changes and drivers which are driving these agendas forward.