Sustainability: The Next Generation

Transcription

1 Sustainability: The Next Generation Dale Dekker, AIA, Dekker/Perich/Sabatini Maryellen Dolan, National Real Estate Advisors, LLC Sara Neff, MBA, LEED AP, WELL AP, Kilroy Realty Corporation Jeannie Renne-Malone, LEED AP, BD+C; ENV SP, Prologis, Inc.

2 Dale Dekker, AIA, AICP Principal/Architect Dekker/Perich/Sabatini Maryellen Dolan Director, Portfolio and Asset Management and Director, Sustainability National Real Estate Advisors, LLC Sara Neff, MBA, LEED AP, WELL AP Senior Vice President, Sustainability, Kilroy Realty Corporation Jeannie Renne-Malone, LEED AP, BD+C; ENV SP Vice President, Sustainability, Prologis, Inc. 5

3 PAST Peak Oil Reduce your use Hybrid Cars Illnes Model Workforce Welfare PRESENT Fracking Net Zero Electric Cars Wellness Model AI & Robotics Universal Income FUTURE 6

4 PAST Climate Change Sustainability LEED Internet New Urbanism PRESENT Extreme Weather Resilience Well Building Internet of Things Smart Urbanism FUTURE 7

5 Maryellen Dolan National Real Estate Advisors, LLC 8

6 Sustainability Reporting with GRESB 9

7 Drive sustainability into your business with Serving institutional investors since 2009 Enhancing and protecting shareholder value by evaluating and improving the sustainability performance of real assets 10

8 THE PROBLEM Inability to adapt to rapid change Evaluate Innovate Change 11

9 Develop a Sustainability Policy and Program THE SOLUTION Report and Measure progress through GRESB Global Real Estate Sustainability Benchmark YOU AVERAGE 12

10 REAL ESTATE DEVELOPERS STRUCTURED COMMUNICATION INSTITUTIONAL INVESTORS PORTFOLIO OWNERS 13

11 GRESB - A Toolkit for Successful Sustainability Management Access to a Broader Pool of Equity Financing Identify Efficiencies and Opportunities Improve Stakeholder Engagement $ 14

12 Sara Neff Kilroy Realty Corporation 15

13 Material ESG data should be disclosed in the Annual Financial Report. 16

14 PROBLEM SOLUTION 17

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16 Implementation 1.Internal Meetings with Financial Reporting 2.Gather data (*not current year) 3.Integrate into 10-k 4.External Legal Review 5.Publication 19

17 How will this impact your bottom line? 20

18 Jeannie Renne-Malone Prologis, Inc. WELL for Warehouses 21

19 Increasing Focus on Health & Wellbeing 22

20 Challenge: Measuring Health and Well-being in a Standardized, Comparable Way 23

21 Proposal: Apply the WELL Building Standard to Industrial Warehouses 7 Concepts 24

22 Solution: Gap Analysis and WELL for Warehouse Pilot 25

23 Benefits of the WELL Building Standard 3 rd party validation of the health and productivity benefits of our buildings and companies Ability to evaluate ongoing aspects of building performance and occupant behavior to support the operations and maintenance of healthy buildings throughout the building lifecycle Can help address the quality of disclosure problem by encouraging companies to regularly review and document their health and wellness programs. 26

24 Sara Neff Kilroy Realty Corporation 27

25 Batteries make financial, environmental and risk management sense. 28

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30 Here is the process. Incentive Analysis Portfolio Analysis RFP Contracting Accounting Review Construction Interconnection 33

31 No capital outlay! Revenue positive from day 1! 34

32 Maryellen Dolan National Real Estate Advisors, LLC 35

33 Underwriting for Climate Risks 36

34 20 15 Protect Portfolios from increasing climate risk. $1 Billion Weather Events Number of Events Poly. (Number of Events) Extreme Weather Events Rising Sea Levels 37

35 THE PROBLEM The long-term impact of a changing climate on value. Extreme Weather Events Rising Sea Levels Long-term Investment 38

36 Collect Data on Climate Risk Factors THE SOLUTION Map Your Portfolio Calculate Exposure to Climate Risk 39

37 HOW: IDENTIFY RISK FACTORS Convective Storms Earthquakes Named Storms Inland Flooding Sea Level Rise Catastrophic Risk Model: Sea Level Rise New York City Boston San Francisco 40

38 RESULTS Risk Analysis Models Average Annual Losses 41

39 Jeannie Renne-Malone Prologis, Inc. 42

40 Proposal: Getting to Net Zero Under the Paris Agreement, all new buildings must meet net zero specifications by 2030, and existing buildings by The private sector, NGOs, and governments must define policies and support the necessary investments It is possible there has been significant growth in net zero energy buildings in North America, across building types and climate zones. 43

41 Net Zero Building Concept Net-zero energy buildings produce as much energy on-site as they consume in a year. 44

42 How will we get there = Technology + Policy + Cost + Location These solar installations generate enough electricity annually to power 2,500+ California homes 45

43 Build on Current Design Features and Identify Optimal Locations Value enhancing investments into more efficient operations and advanced technologies 46

44 Future Proofing our Buildings will Lead to Net Zero Product of the Future Automation will drive efficiency and lower costs Innovative technologies becoming more viable and increased demand from customers, including: Solar Storage Smart meters Smart buildings Benefits Resilience to economic cycles and extreme weather events Creates value for our customers, investors, communities 47

45 Q A 48