London 2013 - Conference programme

Taking Sustainability Mainstream
Haberdashers Hall, London
Thursday 19th September

Conference facilitator Alex Notay, ULI UK Policy Director & Independent Advisor, Alex Notay Limited

Registration and Refreshments
Welcome to the conference

John Pike, Founder and MD, The 40 Percent Symposium

Keynote presentation, Professor Sir John Beddington, UK Government Chief Scientific Adviser October 2007 to April 2013

'there is a need for urgency in tackling climate change, the evidence that climate change is happening is completely unequivocal' Professor Sir John Beddington

The next few decades of the 21st century are to an extent already determined: a changing population, urbanisation and increasing prosperity in parts of the developing world. Together, these pose difficult problems of food, water and energy security, complicated by ongoing climate change. Sir John will discuss the urgency of tackling climate change, explaining these issues in more detail and reviewing their implications.

Recalibrating the Investors risk profile

US government scientists have warned that global warming is already having a major impact on life in America with increasing storm surges, heatwaves and intense downpours. This session will be chaired by Miles Keeping, Partner, Deloitte Real Estate

  • Dr Benjamin Lloyd-Hughes, Deloitte Research Fellow, University of Reading and Honarary, University College Londonwill talk about what future we can expect from our climate using London as a case study

  • Chris Perkins, Head of Business Space, M&G Real Estate will talk about how M&G RE are approaching the risks presented by climate change across their Global portfolio particularly in terms of asset selection, and the implications climate change predictions have for investment management more broadly 

  • Neil Harris, Senior Director, Asset Management, Europe of Invesco Real Estate, will talk about Invesco's approach to incorporating climate change risks in their stock selection, management and disposal processes and decisions.

The Future of Carbon Reporting in the UK

Matthew Tippett, Director Upstream Sustainability Services, Jones Lang LaSalle

  • Non-financial reporting-voluntary vs. mandatory. An introduction to UK mandatory carbon reporting and how to use the voluntary guidelines-GRESB, EPRA, INREV and GRI CRESS

  • The Good, the Bad and the Ugly. Things to include and things to avoid when reporting, with real life reporting examples

  • What does the future hold for non-financial reporting? What are the options to report building level, non-financial performance? What are the options to report fund or company level, non-financial performance?

  • The road to 2015: how can you set long term targets and compare performance with peers and government targets?

How can we be assured?

Chaired by Miles Keeping, Partner, Deloitte Real Estate
Philippa Shire, Operations Manager, Global Real Estate Sustainability Benchmark (GRESB)
Andrew Creighton, Managing Director of UK Property at Aberdeen Assett Management

Paul Gibbon, Manager Sustainability Development, Schneider Electric
Marc Brammer, MSCI (recently aquired IPD)  

The standards for measuring the financial performance of property are well documented. Property investment funds are required to perform against strict benchmarks. Can we be as confident about sustainability reporting? Our panel will discuss what is needed to take sustainability mainstream.

  • How can sustainability to be considered on a par with other forms of investment reporting?

  • What are the assurance measures that will give confidence to the investment community and stakeholders?

  • Sustainability and ESG indices: the impact of increasingly stringent financial regulation on survey based ESG indices and the advent of label based green property indices

  • The growing importance of UNPRI to real estate investment

The impact of sustainability on debt and lending

Chaired by Lynda Shillaw, Director of Real Estate, Scottish Widow Investment Partnership
Nick Knight, Executive Director, Valuation & Advisory Services, CBRE Ltd
William Newsom, Director, Savills
James Bretten, Director, Strategy & Research, Real Estate Finance, Corporate & Institutional Banking, Royal Bank of Scotland plc

The RICS recognises that sustainability is playing an increasingly important role in legislation, economic behaviour and preferences and has now launched full guidance for inclusion in the “Red Book”. Our speakers will discuss these issues with leading bankers

  • The issues facing the valuation profession today as it seeks to reflect sustainability in valuation practice and asset pricing.

  • Do sustainability related property characteristics, risk related obsolescence and national property markets distinguish between buildings with different sustainability characteristics

  • How is sustainability being reflected in lenders’ assessments of risk at both an asset level and at a corporate level?

  • Does competition for new business override any sustainability considerations?

  • Are lenders really interested in a building’s sustainability credentials?

  • Are Energy Performance Certificates impacting debt due diligence and lending decisions?

Lunch and networking
The transformation of London’s Kings Cross André Gibbs, Argent Partners LLP

Hear from one of the Argent partners on how they are making Kings Cross into one of the most sustainable developments in the UK where

  • Each office building is BREEAM excellent or above and designed to achieve an environmental performance significantly better than required by building regulations

  • The onsite energy centre provides 100% of the development’s heat and hot water and 80% of its electricity

  • All residential is Code 4

And find out why

  • Google might have chosen Kings Cross for its “ Living Building” London HQ, the first purpose built Google offices in the world

14:30 The Greening of Maple Cross. A case study of the award winning Hollywood House

Chaired by Martin Neeson,

Government plans to introduce a minimum energy standard from 2018 making it illegal to let commercial properties with F&G EPC ratings. This will have a serious impact on value and make finding a cost effective solution a financial imperative

  • Hear from Skanska and PRUPIM senior executives on how working collaboratively, as landlord and tenant, they took Hollywood House from a rating of F to C.

  • Examples of types of interventions that create “green” buildings through re-fit

  • The tipping point, diminishing returns for investing in Green

  • Post occupancy evaluation, how has this building performed in its first year of operation

  • A values approach to sustainability; the payback model

Refreshments and networking
Responsible Property Investment

Chaired by Lynda Shillaw, Director of Real Estate, Scottish Widow Investment Partnership 

Our speakers will be drawn from major real estate investors and property companies at the forefront of Responsible Investment to present their views on

  • The characteristics and latest corporate thinking on RPI

  • The benefits to investors in developing RPI strategies

  • Current best practice in embedding RPI into the investment process

We all know what we need to do so what is stopping us?

Dr Motherway will discuss the issues of

  • Why me, why now?

  • Sustainable energy as a core strategic issue for society

  • Are we all bound by a herd instinct, what defines the tipping point for the herd to change direction?

  • The barriers to real change in human behaviour and how we might start to view the built environment as a tool for changing that behaviour.

  • Following the presentation the speaker will take the delegates through a light hearted approach to how they, themselves, can make changes in their commercial property business life which could have a significant impact.

  • The results will be given to the delegates at the conference, anonymously, of course!

Closing remarks

John Pike Founder and MD, the 40 Percent Symposium

Drinks Reception

will talk about Invesco’s approach to incorporating climate change risks in their stock selection, management and disposal processes and decisionswill talk about Invesco’s approach to incorporating climate change risks in their stock selection, management and disposal processes and decisions