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Sustainability Remains Key Across Europe According to Jones Lang LaSalle

Corporate Occupiers Continue to Demand Green Building Credentials


London, 11th October 2010 – According to Julie Hirigoyen, Head of Energy and Sustainability Services (ESS) at Jones Lang LaSalle, corporate occupiers are continuing to demand green credentials in buildings, meaning investors are likely to see a negative value impact on non-green property.
 
Speaking last week at the Expo Real launch of Greenprint Foundation’s first Carbon Index™, which measures the carbon footprint of 176 sq ft of property across 36 countries, Julie Hirigogen, said; “Sustainability is a key issue across Europe as it will impact on the capital values of investors’ real estate.”
 
Greenprint Foundation’s Carbon Index was compiled by Jones Lang LaSalle’s ESS team and establishes a baseline for measuring the carbon footprint of the Greenprint portfolio over time.  It quantifies carbon emissions that are produced as a result of building energy use and fugitive emissions from refrigerant leakage.  What is unique about this particular Index is the methodical rigour applied to landlord / tenant considerations, and the way in which this is reflected in reporting boundaries (i.e. Scope 1 to Scope 3 CO2e in the Greenhouse Gas Protocol).

Charles B Leitner, CEO of Greenprint Foundation, said; “Amidst an explosion of wide-ranging environmental initiatives, it has been difficult to find a common starting point to measure and benchmark carbon emissions across the worldwide property industry.  With the help of Jones Lang LaSalle, Greenprint Foundation has launched its Carbon Index to establish that starting point and advance the industry’s efforts to reduce energy usage and carbon emissions while building value.”
 
Specifically, the Greenprint Carbon Index:
 
Establishes an industry-wide standard for measuring, benchmarking and tracking operational energy usage and carbon emissions trends, aligned with both the International Greenhouse Gas Protocol and the principles of ISO 14064.
Creates a reliable and transparent platform that enables collection and analysis of accurate property performance data that is verifiable.
Strives to harmonise he Index’s methodology with green building accreditation systems.
 
Julie Hirigoyen, concluded; “The dialogue between owners and occupiers has moved beyond questioning the effect of the built sector on climate change.  As the environmental, social and economic costs of climate change become better defined, and government regulation of carbon emissions expands, property owners and investors around the globe are under more pressure to reduce their carbon footprints.
“Increased government regulation and growing investor and tenant demand for green properties, are driving real estate owners to implement cost effective energy and carbon reduction strategies that simultaneously enhance their properties’ long-term value.”

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Notes to Editors
 
Greenprint Foundation is a worldwide alliance of leading real estate owners, investors and financial institutions committed to reducing carbon emissions across the global property industry.  Greenprint Foundation is a catalyst for change, taking meaningful, immediate, and measurable actions to generate solutions that improve energy efficiency and create value in property portfolios.  The Foundation focuses on the built environment, which represents one third of all carbon emissions.  GHG emissions inventory. It covers the accounting and reporting of the six greenhouse gases covered by the Kyoto Protocol — carbon dioxide (CO2), methane (CH4), nitrous oxide (N2O), hydrofluorocarbons (HFCs), perfluorocarbons (PFCs), and sulphur hexafluoride (SF6).