Sustainability Metrics - UNEP FI

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Main Report

Sustainability Metrics

TRANSLATION AND IMPACT ON PROPERTY INVESTMENT AND MANAGEMENT

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A report by the Property Working Group of the United Nations Environment Programme Finance Initiative May 2014

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ABOUT THE AUTHORS AND THE KARLSRUHE INSTITUTE OF TECHNOLOGY This Sustainability Metrics report was prepared on behalf of the UNEP FI Property Working Group by Thomas Lützkendorf and David Lorenz from the Centre for Real Estate at the Karlsruhe Institute of Technology (KIT). The Centre for Real Estate at KIT is part of the Department of Economics and Management. It consists of the Institute of Sustainable Management of Housing and Real Estate and the RICS/KIT Shared Professorship on Property Valuation and Sustainability. The main objective of the Centre for Real Estate is to integrate the principles of sustainable development into real estate research, education and professional practices. KIT is one of the largest research and education institutions in Germany. It was established in 2009 by a merger of Forschungszentrum Karlsruhe and Universität Karlsruhe (founded in 1825). KIT combines the missions of both former institutions: a university of the state of Baden-Württemberg and a large-scale research institution of the Helmholtz Association conducting program-oriented research on behalf of the Federal Republic of Germany. More detailed information about the Centre for Real Estate at KIT is available at: www.oew.kit.edu

LIST OF ABBREVIATIONS BIM C EN C R ESM EP D ESG G HG GRI GW H VAC I SO IRB I I GCC I T/ I C T LG D ODP PD PRI R I CS U NEP FI P WG U N GC

building information modelling / models European Committee for Standardization corporate real estate sustainability management environmental product declaration environmental, social and corporate governance greenhouse gases Global Reporting Initiative global warming potential heating, ventilation and air-conditioning International Organization for Standardization internal rating based approach Institutional Investors Group on Climate Change information technologies / information communication technologies loss given default ozone depletion potential probability of default Principles for Responsible Investment Royal Institution of Chartered Surveyors United Nations Environment Programme Finance Initiative Property Working Group United Nations Global Co