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ESG should no longer be a ‘specialism’

Blog 04 11 21 esg hero

Today Alasdair Manning attended the COP 26 Green Zone in Glasgow which is running as part of the UN Climate Change Conference. Here he tells us what he has taken away from today’s event.

What was the most interesting discussion you attended today at the COP26 Green Zone and why?

Today I attended Commercial Buildings: A real asset in addressing climate change? The discussion was lead by the Better Buildings Partnership and involved several panel discussions with senior representation from Nuveen, Abrdn, L&G, Blackstone, NatWest, Lendlease and Segro. The conversation focused around driving more effective and quicker routes to meeting Net Zero commitments within the industry. The conversation was broad ranging and reflected the detailed insights from both an investor and occupier perspective through collaboration and data sharing. All parties agreed that ESG can no longer be treated as a specialism and there is an urgent requirement for upskilling across the industry.

Was there a single quote or fact that really stood out to you?

 A recent survey indicated that 82 per cent of occupiers are seeking “green space”. As a local example it was noted that within Glasgow City Centre only two carbon neutral offices currently exist highlighting the imbalance in supply and demand.

Blog 04 11 21 esg event image

What do you think landlords and investors should take away from today’s conference?

The concept of a “green premium” in rental and capital value has been established for some time, however there may currently be a disconnect between the valuation and investor communities. There is a distinct opportunity for informed investors to positively embrace the net zero movement and realise enhanced returns in the process..

How will your work change because of what you’ve heard today?

It was reiterated to me that scope and accuracy of data is key. We collect data across all of our assets within the Colliers IPM managed portfolio, and report against various established industry benchmarks. I am going to remain actively engaged with the BBP and other industry bodies around ongoing developments to best practice.

The subject matter is serious, but was there a stand out moment of fun from today?

Not for me, but for my colleagues. I bought new shoes before attending the event and by the time I walked from the office to the event I had developed blisters and a significant hobble!


About the author

Alasdair Manning is a surveyor in our Property Management team, where he advises clients on mitigating risk and future proofing assets considering climate change and legislative changes. He has a strong focus on improving the social value performance of the assets we manage to benefit local communities.

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Alasdair Manning

ESG Advisor

Investment Property Management

London - West End

Alasdair joined Colliers in 2019 as a graduate working in the Investment Property Management department retaining a strong focus on the ESG impact of our assests whilst retaining day to day management responsibility for a number of properties within Scotland

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