Commercial property sector urged to improve energy efficiency

20th October 2014


Related Topics

Related tags

  • Mitigation ,
  • Management/saving ,
  • Management

Author

Victoria Keeble

Sustained progress is needed by all property owners and operators if the sector is to meet its share of emissions reductions, according to real estate consultancy JLL.

Overall, the commercial property sector in the UK reduced its operational carbon emissions by approximately 21% between 1990 and 2010, which equates to an annual reduction of only 1.14%, the consultancy said.

JLL analysed data from over 700 retail and office properties across the UK in the real estate environmental benchmark (REEB), a project it runs in a collaboration with several property companies, including Hammerson, British Land and Grosvenor.

Participants in the benchmark are already working on reducing emissions. JLL says these companies are cutting emissions by an average of 6% a year, meaning that in future years they need to achieve an average reduction rate of 2.91% to reach the government’s target to cut emissions by 80% by 2050.

The consultancy acknowledges that this is likely to become increasingly challenging over time, since easy and cheaper measures will have already been taken. More emphasis will need to be placed on occupiers to improve the efficiency of the parts of the building that they occupy, it said.

However, companies who have not started making reductions will need to cut emissions by at least 3.5% a year in order to align with the 2050 target, JLL has estimated.

Matthew Tippett, director in the sustainability division at JLL, said: “The government has set a very ambitious target of achieving an 80% reduction in emissions but not many companies know how to track their progress, let alone have a plan on how to do it.

“The commercial property sector needs to measure and monitor its energy consumption, benchmark performance against best practice and set meaningful targets in line with the government’s aim,” he said.

The UK commercial property sector is responsible for about 12% of its carbon emissions. Since 60% of current stock is expected to still be in operation in 2050, work is required to improve the efficiency of these buildings as well as constructing new property to low and zero carbon standards, JLL said.

Subscribe

Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.


Transform articles

EU and UK citizens fear net-zero delivery deficit

Support for net zero remains high across the UK and the EU, but the majority of citizens don't believe that major emitters and governments will reach their climate targets in time.

16th May 2024

Read more

There is strong support for renewable energy as a source of economic growth among UK voters, particularly among those intending to switch their support for a political party.

16th May 2024

Read more

Taxing the extraction of fossil fuels in the world’s most advanced economies could raise $720bn (£575bn) by 2030 to support vulnerable countries facing climate damages, analysis has found.

2nd May 2024

Read more

The largest-ever research initiative of its kind has been launched this week to establish a benchmark for the private sector’s contribution to the UK’s 2050 net-zero target.

2nd May 2024

Read more

Weather-related damage to homes and businesses saw insurance claims hit a record high in the UK last year following a succession of storms.

18th April 2024

Read more

The Scottish government has today conceded that its goal to reduce carbon emissions by 75% by 2030 is now “out of reach” following analysis by the Climate Change Committee (CCC).

18th April 2024

Read more

The Science Based Targets initiative (SBTi) has issued a statement clarifying that no changes have been made to its stance on offsetting scope 3 emissions following a backlash.

16th April 2024

Read more

While there is no silver bullet for tackling climate change and social injustice, there is one controversial solution: the abolition of the super-rich. Chris Seekings explains more

4th April 2024

Read more

Media enquires

Looking for an expert to speak at an event or comment on an item in the news?

Find an expert

IEMA Cookie Notice

Clicking the ‘Accept all’ button means you are accepting analytics and third-party cookies. Our website uses necessary cookies which are required in order to make our website work. In addition to these, we use analytics and third-party cookies to optimise site functionality and give you the best possible experience. To control which cookies are set, click ‘Settings’. To learn more about cookies, how we use them on our website and how to change your cookie settings please view our cookie policy.

Manage cookie settings

Our use of cookies

You can learn more detailed information in our cookie policy.

Some cookies are essential, but non-essential cookies help us to improve the experience on our site by providing insights into how the site is being used. To maintain privacy management, this relies on cookie identifiers. Resetting or deleting your browser cookies will reset these preferences.

Essential cookies

These are cookies that are required for the operation of our website. They include, for example, cookies that enable you to log into secure areas of our website.

Analytics cookies

These cookies allow us to recognise and count the number of visitors to our website and to see how visitors move around our website when they are using it. This helps us to improve the way our website works.

Advertising cookies

These cookies allow us to tailor advertising to you based on your interests. If you do not accept these cookies, you will still see adverts, but these will be more generic.

Save and close