ABSTRACT
To radically improve energy efficiency and reduce its carbon footprint, the property industry needs to make changes which will require investment in both capital and people. In making a business case for such investment it is necessary to demonstrate to the decision makers in an organisation a compelling financial return, preferably with low risk and worthwhile additional benefits, such as enhanced corporate reputation. Legislation is undoubtedly the primary driver of change in the property industry. Voluntary action on a handful of showcase buildings will show what is possible but will not compel the majority to follow suit. Building regulations set the minimum legal requirements for energy efficiency in new buildings and major refurbishment. Minimum energy efficiency requirements for existing buildings are being introduced in the UK. From 2018 onwards it is proposed that it will not be possible to lease office buildings which have an Energy Performance Certificate rating of F or G.
