Summary
1. Achieving green building certifications like NABRS, Fitwell, and BREEAM significantly demonstrates a commitment to sustainability.
2. Green certifications enhance the market value and attractiveness of real estate assets.
3. The comprehensive approach of Terra Instinct integrates engineering, natural capital studies, and sustainability compliance seamlessly.
4. Tailored solutions help clients align with key disclosure frameworks and regulatory requirements.
5. The interview highlights the importance of detailed and cost-effective transition plans for sustainable development.
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During my recent interview with James Harrington, the Managing Director of Terra Instinct, I delved into the intricacies of achieving green building certifications and the profound impact they have on the real estate market. The conversation was enlightening and underscored the importance of sustainability in this ever-evolving sector.
“Achieving green building certifications such as NABRS, Fitwell, and BREEAM,” James began, “is more than just a feather in the cap for property developers and managers. It is a testament to their dedication to environmental responsibility and sustainable practices.” As we sat in his modern, eco-friendly office, the passion in James’s voice was palpable.
James explained that Terra Instinct delivers comprehensive, tailored sustainability solutions for their clients by integrating expertise in net-zero building engineering, natural capital studies, sustainable development, and sustainability compliance and reporting. “Our end-to-end approach,” he noted, “spans from asset-level engineering and sustainable development interventions to natural capital and materiality assessments and corporate reporting and regulatory compliance.”
When I asked about the tangible benefits these certifications bring, James was quick to respond. “Firstly, it enhances the market value and attractiveness of real estate assets. Properties that have achieved certifications like NABRS, Fitwell, and BREEAM are often seen as premium in the market, attracting higher rents and more discerning tenants. This is because these certifications are recognised markers of quality and sustainability.”
He continued to explain that these certifications also play a crucial role in aligning with key disclosure frameworks such as TNFD, SFDR, TCFD/ISSB, TPT, and Science-Based Targets. “By transforming technical site surveys into detailed, proportionate, and costed transition plans, we ensure our clients are not only compliant but are also leaders in sustainability,” James elaborated.
One of the standout points James made was the importance of a tailored solution. “Every property and client is unique. We don’t believe in a one-size-fits-all approach. Our team works closely with each client to develop plans that are specific to their needs, ensuring maximum impact and efficiency.” This bespoke approach, according to James, is what sets Terra Instinct apart in the crowded field of sustainability consulting.
James shared a recent success story that perfectly illustrated his points. “We had a client who was initially sceptical about the value of obtaining a BREEAM certification for their new office building. However, after walking them through the benefits and developing a detailed transition plan, they decided to proceed. Not only did the certification process go smoothly, but they also saw a significant increase in the building’s market value and tenant interest.”
As our conversation drew to a close, I asked James about the future of sustainability in real estate. “Sustainability is no longer a ‘nice-to-have’. It’s a necessity. The regulatory landscape is becoming more stringent, and stakeholders are more aware than ever of the importance of sustainable practices. Our role at Terra Instinct is to ensure our clients are not only compliant but are also at the forefront of this change, driving meaningful progress in the industry.”
Reflecting on our discussion, it’s clear that achieving green building certifications is not just about ticking boxes. It’s about a genuine commitment to sustainability, enhancing market value, and positioning for long-term success in an ESG-focused market. Terra Instinct’s comprehensive and tailored approach ensures that their clients are well-equipped to navigate this complex landscape, making them leaders in sustainable real estate.
Emily Thompson
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