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Green Leases Become A Practical Option For The Willing

Date: 01 June 2011

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7 pages, 1 figure

Executive Summary

This report helps building owners and occupiers adopt a robust sustainability action plan when negotiating leases. Contractual engagements between landlord and tenant based on enlightened self interest can enable activities that lower energy spend and carbon emissions thereby producing value adding benefits for all stakeholders. The key barriers to wide scale adoption of green leases are market culture, structure and norms. This report analyses innovation in the global green leasing market, the changes within the UK marketplace, and provides seven recommendations, for both landlords and tenants, to help them green their leases.

TABLE OF CONTENTS

GREEN LEASES FACILITATE SUSTAINABLE OCCUPATION AND BUILDING MANAGEMENT
Market Structure And Culture Inhibit Adoption
International First Movers Point The Way For Green Leases
Non-Binding Agreements Facilitate Adoption In High Inertia Markets
Seven Recommendations To Green Your Lease

TABLE OF FIGURES

Figure 1. Pay-As-You-Save Cashflows

ORGANIZATIONS MENTIONED

Australian Department of the Environment and Water Resources, Australian Government Solicitor, Atkins, Better Buildings Partnership, British Columbia Investment Management, Bureau Veritas, Canberra Environment & Sustainability Resource Centre, Carma Developers, Deloitte, Great West Life Realty Advisors, Investa, Jones Lang LaSalle, Natural Resources Defence Council, New Zealand Green Building Council, Real Property Association of Canada, Silverstein Properties, Threadneedle Low Carbon Workplace Trust, The Royal Institute of Chartered Surveyors, WilmerHale, WSP Environment & Energy