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2013 01 31 PWC LRouach Presentation LuxReal FORUM Sustainability January 2013
2013 01 31 PWC LRouach Presentation LuxReal FORUM Sustainability January 2013
2013 01 31 PWC LRouach Presentation LuxReal FORUM Sustainability January 2013
A comparison of green
building certifications in
Europe: How does it
apply to practice in
Luxembourg
31 January 2013
Contents
Contents
1
18
29
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
What is an environmental
certification scheme?
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
1
Introduction
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
2
As a consequence
And finally
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
3
2008
DGNB
2002
(Germany)
2009
SB Alliance
(Core set of
KPI)
HQE
1998
LEED
(US and
Canada)
(France)
CASBEE
(Japan)
1990
BREEAM
(UK)
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
4
Voluntary approach
Establishing criteria and standards going beyond national and local legal obligations
LEED
Sustainable site
Water efficiency
Energy & Atmosphere
Materials & Resources
Indoor environmental quality
Innovation & Design Process
DGNB
Ecological quality
Economical quality
Socio-cultural quality
Process quality
Site use
HQE
Eco-construction
Eco-management
Comfort
Health
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
5
New building
Extension
Existing building
Major renovation
Shell & Core
Scoring
International
Schemes
LEED
DGNB
HQE
New building
Extension
Existing building
Major renovation
Shell & Core
New building
Existing building
Renovation
New buildings
Renovation
In-Use
Unclassified
Passable
Good
Very good
Excellent
Outstanding
Certified
Silver
Gold
Platinium
Bronze
Silver
Gold
Office
Retail
Industrial
Specific purposes
BREEAM In-Use
Bespoke
Offices,
Commercial Interior
LEED ND
LEED Existing
Buildings
Offices,
Retail
Industrial
Specific purposes
Passable
Very good
Excellent
Exceptional
Tertiary
Renovation
In Use
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
6
Fees
(on m2)
BREEAM
LEED
DGNB
HQE
Registration
BRE Quality Assurance
Assessor
Registration
US GBC fees
Registration
DGNB fees
Auditors fees
Registration
Certiva Fees
(AMO)
Exp on 10.000m2
(AMO)
(AMO)
(AMO)
**
****
***
Complexity
of the
process
Medium-
Medium-
Complex
Medium+
Certification
BREEAM assessors
BRE QA
DGNB auditors
DGNB
HQE auditors
Certiva
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
8
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
9
The scheme can be used to assess the impacts at different development stages
Draft
Preassessment
APS / APD
Design Stage
Interim
Certificate
Realisation
Fit-out
Post
Construction
Stage
Fit-out
Final
Certificate
Fit-out
Certificate
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
11
Option for the Shell & Core evaluation (closed structural work ...)
Option for the Fit-out evaluation
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
12
Action Plan
Implementation
Improve your
business
Pre-Assessment
Review
Certification
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
13
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
14
Evaluate management practices and the organisation of activities within the building
Develop action plans for sustainable management of the building and its operation
Develop action plans to improve the sustainability of asset and its occupation / operation.
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
17
Research
Research
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
19
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
20
1 001
731
278
238
DGBN
649
550
134
LEED
Certified buildings
BREEAM
HQE
Registered buildings
Source RICS, Going for Green May 2012
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
21
4 332
1 001
731
278 238
DGBN
649
134
Certified buildings
21
BREEAM
145
550
134
LEED
166
HQE
Registered buildings
13
DGBN
Outside Germany
LEED
in Europe
Certified buildings
BREEAM
Outside England
HQE
Outside France
Registered buildings
Source : RICS
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
22
HQE
15%
DGNB
13%
BREEAM
60%
Valideo
6%
LEED
2%
Triple
Certification
4%
BREEAM
HQE
DGNB
Valideo
Triple
Certification
LEED
* The data presented in this section covers certified buildings for which information is publicly available as well as
those buildings that will be certified in the future and for which PwC has access to confidential information.
Copyright PwC, novembre 2012
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
23
Renovation
11%
New
72%
In Use
8%
Extension
9%
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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7
6
Luxembourg
1
Windhof
Kayl
Am Bam
Strassen
Merl
Kirchberg
Howald
Hamm
Gare
Cloche d'Or
Dudelange
Diekirch
Belval
CBD
Periphery
* The data presented in this section covers certified buildings for which information is publicly available as well as
those buildings that will be certified in the future and for which PwC has access to confidential information.
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
28
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
29
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
30
Market rent
Higher owners operating costs to maintain the building at market level
Higher risk premium
Lower owners earnings growth
Higher depreciation
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
32
Market value
Competitiveness (+)
Rising energy costs (+)
Sustainability hype (+)
Source : D. Lorentz in Bullier et alii. Assesing Green Value, a Key to Investment in Sustainable Buildings. June 2011
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
31
Higher difference in rent, equal to 6%. Their figures are more surprising for resale values: over
31% for Energy Star buildings, over 35% for LEED buildings.
Fuerst F., McAllister P. (2009), New Evidence on the Green Building Rent and Price Premium, Reading University .
Resale price difference over 6% for Energy Star, plus 10% for LEED
Miller N., Spivey J., Florance A. (2008), Does Green Pay Off? , San Diego University, CoStar Data Basis
A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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A comparison of green building certifications in Europe: what implications for Luxembourg? LuxReal FORUM Sustainability
PwC
31 January 2013
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Laurent Rouach
Partner
Sustainability
laurent.rouach@lu.pwc.com
+352 49 48 48 5762
This publication has been prepared for general guidance on matters of interest only, and does
not constitute professional advice. You should not act upon the information contained in this
publication without obtaining specific professional advice. No representation or warranty
(express or implied) is given as to the accuracy or completeness of the information contained
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cooprative, its members, employees and agents do not accept or assume any liability,
responsibility or duty of care for any consequences of you or anyone else acting, or refraining
to act, in reliance on the information contained in this publication or for any decision based on
it.
2013 PricewaterhouseCoopers, Socit cooprative. All rights reserved. In this document,
PwC refers to PricewaterhouseCoopers, Socit cooprative Luxembourg, which is a
member firm of PricewaterhouseCoopers International Limited, each member firm of which is
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