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SUSTAINABITY AND
REAL ESTATE

PAGE	
  1	
  
SUSTAINABILITY DRIVERS
“It	
  doesn't	
  ma3er	
  if	
  you	
  believe	
  in	
  global	
  warming	
  or	
  
not.	
  Succes...
SUSTAINABILITY & REAL ESTATE
	
  
	
  
	
  
	
  
	
  
PROPETY	
  	
  
OWNERS	
  &	
  
INVESTMENT	
  
MANAGERS	
  

PAGE	
 ...
SUSTAINABILITY AT A GLANCE

Successful	
  ImplementaJon	
  

•  Cost	
  Savings	
  
•  Revenue	
  Increase	
  
•  Healthie...
GREEN BUILDINGS
•  Environmental	
  Leadership	
  
•  Water	
  and	
  Energy	
  Efficiency	
  	
  
•  Voluntary	
  Building	...
RESPONSIBLE OPERATIONS
•  Sustainable	
  Purchasing	
  Policy	
  
•  Waste	
  Management	
  Programs	
  
•  Efficient	
  Air...
STAKEHOLDER ENGAGEMENT
•  Environmental	
  Reports	
  	
  
•  Engagement	
  of	
  Emlpoyees	
  
•  Corporate	
  Social	
  ...
BIG PICTURE: SUSTAINABILITY TREE

Sustainability	
  

AcFon	
  plan	
  

Green	
  
procurement	
  

Use	
  of	
  cerFfied	
...
APPROACH TO INVESTMENT
1	
  

Determine	
  objecFves	
  for	
  an	
  asset	
  /	
  porholio	
  
Understand	
  goals	
  for...
SUSTAINABILITY MANAGMENT
(	
  ON	
  A	
  PROPERTY	
  LEVEL	
  )	
  

Benchmarking	
  	
  
• Define	
  baseline	
  parameter...
SUSTAINBILITY AND PERFORMANCE
	
  
Corporate	
  
level	
  
	
  
	
  
	
  
Division	
  	
  
Level	
  
	
  
	
  
Property	
 ...
MEASURING FINANCIAL PERFORMANCE
Goal	
  

EsFmate	
  an	
  impact	
  of	
  conservaFon	
  measures	
  on	
  operaFonal	
  ...
SUSTAINABILITY GUIDELINES

PAGE	
  13	
  
MAKE SUSTAINABILITY AN INTEGRAL PART
OF THE BUSINESS

Triple	
  BoYom	
  Line	
  	
  
PAGE	
  14	
  

14	
  
 	
  
	
  
	
  
	
  
	
  
	
  
	
  
	
  

	
  

About	
  the	
  author:	
  
	
  
Vadim	
  Kostyukhin	
  graduated	
  from	...
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Transcript of "Sustainability & Real Estate"

  1. 1. SUSTAINABITY AND REAL ESTATE PAGE  1  
  2. 2. SUSTAINABILITY DRIVERS “It  doesn't  ma3er  if  you  believe  in  global  warming  or   not.  Successful  leaders  must  address  what  is   important  to  occupiers  of  space.  More  efficient  use  of   space,  greater  producFvity  in  be3er  quality  space  and   lower  energy  costs  ma3er  to  all  those  who  fear   obsolescence.”       Source:  The    Journal  of  Sustainable  Real  Estate   Sustainability  Drivers   •  Resource  Scarcity   •  Cost  Increase     •  Gov.  IncenFves   PAGE  2   •  Market  ExpectaFons   •  Property  ValuaFon   •  Revenue  GeneraFon  
  3. 3. SUSTAINABILITY & REAL ESTATE           PROPETY     OWNERS  &   INVESTMENT   MANAGERS   PAGE  3   Are  interested  in  the  sustainability  performance  of  the   properFes  they  invest  in   84%     Report  that  tenants  are  becoming  more  demanding  in   terms  of  wanFng  sustainable  space     72%     Have  implemented  formal  sustainability  policies     at  the  fund  level   68%   Evaluate  the  sustainability  of  an  investment  during  the   acquisiFon  phase     76%     Source:  Cushman  &   Wakefield.  Property  owners   and  investment  managers   survey  results.  2013     80%   Feel  there  is  a  value  difference  between  a     sustainable  and  non-­‐sustainable  building     16%   Evidenced  that  sustainability  directly  contributed  to  a   rental  premium    
  4. 4. SUSTAINABILITY AT A GLANCE Successful  ImplementaJon   •  Cost  Savings   •  Revenue  Increase   •  Healthier  Bo3om-­‐line   •  Higher  ValuaFon   Source:  Adapted  from   Sands  ECO360°  Global   Program     PAGE  4   •  Be3er  Corporate  Image      
  5. 5. GREEN BUILDINGS •  Environmental  Leadership   •  Water  and  Energy  Efficiency     •  Voluntary  Building  CerFficaFons     •  Clean  Technologies     PAGE  5  
  6. 6. RESPONSIBLE OPERATIONS •  Sustainable  Purchasing  Policy   •  Waste  Management  Programs   •  Efficient  Air  CondiFoning  System   •  Water  and  Energy  ConservaFon   PAGE  6  
  7. 7. STAKEHOLDER ENGAGEMENT •  Environmental  Reports     •  Engagement  of  Emlpoyees   •  Corporate  Social  Responsibility     •  CollaboraFon  with  Local  Community   •  Voluntary  CerFficaFons   PAGE  7  
  8. 8. BIG PICTURE: SUSTAINABILITY TREE Sustainability   AcFon  plan   Green   procurement   Use  of  cerFfied   products   PAGE  8   InnovaFons   Development  &   RenovaFons   Benchmarking   Environmental   protecFon   Waste  and  CO2   management   Stakeholder   engagement   ReporFng   OperaFng   efficiency   Energy  &  Water   efficiency  
  9. 9. APPROACH TO INVESTMENT 1   Determine  objecFves  for  an  asset  /  porholio   Understand  goals  for  the  exisFng  financial   performance  &  future  value  of  the  investment   2   Recommend  acFons  based  on  financial  goals   and  objecFves  for  an  asset  /  porholio     3   4   5   6   7   PAGE  9   Align  sustainability  and  with  financial   strategy   Create  P&L  projecFons   Implement  a  scope  of  work  for  the  asset/ porholio   Assess  the  results   Owner’s  ObjecJves  
  10. 10. SUSTAINABILITY MANAGMENT (  ON  A  PROPERTY  LEVEL  )   Benchmarking     • Define  baseline  parameters  for  facility  performance   • Establish  key  uFlity  metrics   • Compare  with  industry  standards   AudiJng       • Review  of  facility  performance  (energy,  water,  and  waste)   • IdenFfy  opportuniFes  for  uFlity  cost  savings     • Assessment  of  future  results  (ROI,  NPV,  Payback)  &  recommendaFons     ImplementaJon   • Modeling,  planning,  project  management,     • Financing,  procurement   .     PAGE  10   Results  Assessment     • Results  review   • ReporFng   • Adjustments  
  11. 11. SUSTAINBILITY AND PERFORMANCE   Corporate   level         Division     Level       Property       Level       To  increase   the  return  for   shareholders     Strategy   AcFon  plan   Aligning  financial  goals  with     sustainability  strategy  by  using   Balanced  Scorecard  and    a  cascading  model   Performance   measures   Sustainability  Balance  Scorecard     Strategic  Planning   PAGE  11   Budget   Performance     BudgeFng     Employee   performance     Employee     Accountability    
  12. 12. MEASURING FINANCIAL PERFORMANCE Goal   EsFmate  an  impact  of  conservaFon  measures  on  operaFonal  profitability  and  overall  financial  performance   Summary  of  Financial  Performance  by  Property  and  Company     Measures  to     Annual     EsJmated     Simple  ROI   Implement   IRR   NPV   Saving     Project  Costs   No  cost   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   Low  cost   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   CapEx   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   Combined  Impact   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   -­‐-­‐-­‐   (operaFonal  adjustment)     (funding  from  exisFng   operaFonal  budgets)   (external  and  internal   funding)   SOURCE:  THE  TABLE  WAS  ADAPTED  FROM  AN  HVS’  PROPERTY  UTILITY  AUDIT  AND  CAPITAL  PLANNING  REPORT     PAGE  12  
  13. 13. SUSTAINABILITY GUIDELINES PAGE  13  
  14. 14. MAKE SUSTAINABILITY AN INTEGRAL PART OF THE BUSINESS Triple  BoYom  Line     PAGE  14   14  
  15. 15.                     About  the  author:     Vadim  Kostyukhin  graduated  from     Cornell  Hotel  School  with  a  major  in   Real  Estate  Investment  and  Finance   and  from  University  of  Hawaii  at   Manoa  with  an  MBA  in  Management.       A  civil  engineer  by  trade  and   professional  manager,  he  has  been   focusing  on  the  issues  of  sustainability   since  2005.  Currently,  he  is  working   with  Alternaty  Real  Estate,  Vietnam,   as  a  freelance  consultant  and  a  co-­‐ founder  of  two  new  businesses.     Contact  informaFon:   vkostyukhin@gmail.com   PAGE  15   Mobile  (Global)  +1  339  674  0454  
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