Property Sustainability: Green Buildings
Sustainability is a growing consideration for many property owners and property managers. In relation to property, the aspects of sustainability that require careful consideration include adaptation to the changing climate, promoting energy efficiency, reducing direct greenhouse gas emissions, and minimising the impacts on the environment.
Buildings are responsible for 40 percent of global carbon emissions in Europe and, in most developed countries in the world, form the largest single emission source according to BRE Group1. With an increase in the demands for transparency around the environmental performance of buildings, property sustainability has become a key feature
in the drive for sustainable performance.
At first glance, it might be difficult to understand how property damage insurance could help you to achieve those objectives. From a property perspective, Marsh’s approach in support of clients’ sustainability goals includes:
- Promoting the inclusion of property sustainability clauses in property damage policies – namely ‘green building’ and ‘resilient repairs’ clauses.
- A service offering environmental assessments in conjunction with BRE Global.
- Provision of environmental impairment liability insurance to cover operational environmental risks and liabilities associated with ownership and tenancy.