Environmental Justice Considerations are Integral to Equity and ESG in Real Estate, New ULI Publication Says

Environmental Justice Considerations are Integral to Equity and ESG in Real Estate, New ULI Publication Says

Environmental Justice and Real Estate: Perspectives from Leading Community-Based and Advocacy Organizations, a new publication released by the Urban Land Institute (ULI), explores the environmental justice movement and highlights the role real estate can play in contributing to sustainable, resilient, and equitable development, particularly through engagement and partnership with community organizations. Low-income communities and communities of color who contribute the least to environmental crises are often most at risk from climate or environmental hazards.

 

This publication features four interviews with community and advocacy organizations and thought pieces by ULI members that collectively provide insight into how real estate actors can support collaborative solutions and equitable built environments for all.

 

Read the full report on ULI’s Knowledge Finder.

 

About Urban Land Institute

 

ULI is a global, member-driven organization comprising more than 45,000 real estate and urban development professionals dedicated to advancing the Institute’s mission of shaping the future of the built environment for transformative impact in communities worldwide. ULI’s interdisciplinary

membership represents all aspects of the industry, including developers, property owners, investors, architects, urban planners, public officials, real estate brokers, appraisers, attorneys, engineers, financiers, and academics. Established in 1936, the Institute has a presence in the Americas, Europe, and the Asia Pacific region, with members in 80 countries.

 

Learn More

 

ULI’s Center for Sustainability and Economic Performance

ULI’s Urban Resilience Program

ULI’s Greenprint Center for Building Performance

Five Key Trends in Energy Finance

Five Key Trends in Energy Finance

presented by Better Buildings for U.S. Department of Energy

 

Program

The energy efficiency and renewable energy finance space is constantly adapting to new market developments and financing innovations. During this session, several market experts will weigh in on recent trends in several key financial products, including:

  • How self-managed green revolving funds can help institutions recover and finance their energy efficiency/renewable energy retrofits after the pandemic;
  • Expansion of efficiency-as-a-service into municipal, university, school, and hospital (MUSH) markets;
  • Expansion of energy savings performance contracts (ESPC) into the commercial space;
  • Green bond deployment trends; and
  • Retroactive commercial PACE (CPACE) financing unlocking capital for businesses during the pandemic.

 

Speakers

  • Donnel Baird, BlocPower
  • Devesh Nirmul, Counterpointe SRE
  • Mark Orlowski, Sustainable Endowments Institute
  • Brenna Walraven, Corporate Sustainability Strategies

 

When & Where

May 18, 2021
2:00PM-3:15PM ET

Virtual Summit

 

Registration & More Information

2021 Summit Sessions | Better Buildings Initiative (energy.gov)

Health and the Productivity Factor in a Post-Pandemic World

Health and the Productivity Factor in a Post-Pandemic World

by Brenna Walraven, BOMA Fellow, CPM, RPA, and Simon Turner

 

Evidence of humankind’s long-standing battle against infectious diseases traces back thousands of years. There have been about 20 known pandemics in recorded history, and in some instances, they have led to an enhanced understanding of health and wellness issues and better approaches for safely navigating the world. The cholera epidemic that struck London in the mid-nineteenth century, for example, famously led to reforms in public water and sanitation systems. A decades-long campaign to distribute and socialize the use of mosquito nets has curtailed malaria. SARS, H1N1 and MERS were throttled by sophisticated pandemic control, including rapid behavioral changes, such as mask-wearing. Over the past 150 years, both the science of epidemiology and acceptance of disease control as a societal responsibility have come of age. Now more than ever, it’s clear that modern buildings must also contribute to life safety and health in the workplace.

 

As we prepare for a post-COVID-19 world, what practices will survive to confront pandemic preparedness in the future? Much has been written about remote work being here to stay, but the commercial real estate industry is banking on a basic human need for connection. The human species has evolved to congregate, and businesses know that ideas spring from being together, as in-person interactions spark creative thinking. It would be unwise to write off the office, but wise to reimagine its format.

Post-pandemic best practices will favor workplaces that create more space, higher ventilation rates—potentially even double the current ASHRAE minimums—and focus on how air is moved around buildings. Other changes will include open spaces, displacement ventilation, connections to the outside (both physically and via views), better lighting, more inviting stairwells, less reliance on elevators and more walkable spaces. For high-rise buildings, new elevator technology with vertical airflows and lower occupant density seems a sure bet, as is more touchless technology.

 

We can expect investments in buildings to respond to a market demand not just for COVID-free spaces, but healthier and more productive spaces. There is a great deal of research linking the factors that generate health and productivity in the workplace to substantial “bottom line” figures. Business owners are already familiar with utilizing financial analysis to make decisions, such as which space to lease. If building owners, property managers and leasing teams can discuss health-related features in these terms, they are likely to find a receptive audience.

 

The Fundamental Six

Listed below are six categories that are poised for growth in the post-pandemic workplace and what they mean for property professionals and tenants alike:

Releasing DNA-tracer virus surrogates into indoor air showed little impact from upgrading main filters—but significant improvements with standalone room filters. (Graph provided by SafeTraces™)

 

Indoor Air Quality

Indoor air quality (IAQ) is one of the leading building wellness buzzwords today—and for good reason. Tuning indoor air for the appropriate work environment creates one of the greatest opportunities for supporting both the cognitive and physical health of occupants, with an especially strong level of confidence.

Consensus is that ventilation is critical in the spread of the novel coronavirus. Physical barriers (i.e. masks) work because COVID-19 is spread via aerosols and droplets. It seems that wiping down surfaces might make occupants feel more comfortable—and that’s important, too—but contaminated surfaces, or fomites, are not the primary vector to worry about during this current pandemic.

While the science is still developing, studies are also emerging that indicate there may be little point in upgrading main filters beyond the MERV 11-13 range or using special technologies at the air handlers if your goal is to reduce viral numbers in the air traveling through the building. It is difficult for viral particles emitted by someone in a building to successfully travel to another room. Those particles will be:

    1. Mixed with and diluted by the immediate room air;
    2. Passed through the return system, diluted by all the other return air;
    3. Mixed with and diluted by outside air;
    4. Filtered twice, by media and then by wet cooling coils trapping and draining particles to condensate;
    5. Ejected through the supply fan;
    6. Divided at every junction in the supply duct system; and
    7. Exposed to another occupant for a fraction of a second as they walk through any remaining viral particles left in their breathing zone.

This should make building managers think twice before investing in expensive upgrades at their main air handlers, especially if they are already equipped with filters in the MERV 11-13 range.

 

Lighting and Views

Human beings evolved outdoors, in contact with nature, but today, we spend the vast majority of our time indoors. Generally speaking, people respond positively to light and green views. There is early research showing strong cognitive benefits of biophilia (connecting manmade environments to nature) and views to the outside. Having a window in the workplace has been shown to generate a six percent improvement in productivity. Circadian lighting (matching indoor light temperatures to the time of day) has shown significant sleep quality benefits and, in schools, double-digit increase in standardized test scores.

 

Thermal Comfort

Personalized thermal comfort has long been associated with productivity improvements. Building occupants may be growing less tolerant of fixed temperatures in their workplaces, and we will see a growing demand for adjustability in thermal environments. It is difficult to micromanage temperature to the individual level (versus room, suite or floor level), but temperatures in the low 70s Fahrenheit seems to produce the most productive workforce.

 

Noise and Sound

Productivity is eroded dramatically when we try to process multiple conversations. In the post-pandemic office, property professionals can expect tenant demands to include better control of distractions and interference, and a desire for variability depending on the worker and task at hand. Some tasks (and people) favor a high-energy space, but others require peace and quiet. This is a strong productivity factor that employers and their landlords should prioritize.

 

Active Design

The expectation that people should park themselves at a single workstation for the day may be a thing of the past. It is natural for people to seek variability in their workplaces depending on their moods, needs and type of work—and there are extended benefits of having access to movement and physical activity, even if only briefly. Future workplaces will provide more freedom to move, circulate and exercise.

 

Personal Fitness and Health

The pandemic has made people more aware of their own personal health and the impact of their surroundings. Products, services and training that address personal health will be in demand. Key factors for personal health include stress management, sleep hygiene, hydration, nutrition, exercise and resilience to infection and disease. Employers, property professionals and workspaces that support these needs can drive better outcomes for occupants, leading to enhanced satisfaction levels and improved tenant retention.

 

Running the Numbers

All of these elements offer potential productivity benefits to businesses, which can significantly improve their bottom lines. Science already exists to quantify these benefits. (Click here for a chart that provides an overview, courtesy of Simon Turner and Building Cognition LLC.)

 

While individual building results may vary, research shows the following potential for productivity gains from these elements:

Margin gain assumption: Existing 10% margin (Courtesy: Simon Turner, Building Cognition LLC)

The exact impact for tenants will depend on the building’s environmental baseline: the existing ventilation rates, architectural details and—to a large extent—the existing tenant culture. By assessing potential for improved productivity, adapting the building’s appeal in key areas and marketing the correlation between productivity and margin gains to prospective tenants, commercial buildings can be much more attractive destinations. Done successfully, the building operator will become a true partner and trusted real estate advisor for the tenant.

 

Opportunity Awaits

There is great opportunity waiting on the other side of the COVID-19 pandemic. Owners and managers of commercial properties—and tenant decision makers—can emerge wiser, more educated and more technically adept at tackling the spread of disease. It all comes down to building management policies that prioritize ventilation, lighting, workplace choices and a culture of health and wellness. Property professionals and tenants should take a cue from recent events to implement fundamental building optimization practices that enable a healthier, more productive and more resilient workplace experience.

 

About the Authors

Brenna Walraven is the president & CEO of Corporate Sustainability Strategies, Inc.  She also is a past chair of BOMA International. Simon Turner is the founder of Building Cognition LLC and a BOMA Life Member.

 

Original article posted at BOMA International.

Earth Day 2021: “Restore Our Earth” Every Day

Earth Day 2021: “Restore Our Earth” Every Day

Today, 1 billion individuals in over 190 countries mobilize for action every Earth Day.  World climate leaders, grassroots activists, nonprofit innovators, thought leaders, industry leaders, artists, musicians, influencers, and leaders of tomorrow are all involved.

 

On April 22, 2021, EarthDay.org is hosting its Earth Day Live digital event. The global show begins at 12 PM Eastern Time.

 

Restore Our Earth™ is Earth Day’s 2021 theme, which examines natural processes, emerging green technologies, and innovative thinking that can restore the world’s ecosystems.

 

Topics include:

 

  • Climate and environmental literacy
  • Climate restoration technologies
  • Reforestation efforts
  • Regenerative agriculture
  • Equity and environmental justice
  • Citizen science
  • Cleanups, and more.

 

In celebration of Earth Day’s 51st Anniversary, here are 51 actions and tips to make a difference, every day of the year.

 

For more information on Earth Day visit www.earthday.org.

CIO & Property Tech Roundtable | Los Angeles (by invitation only)

CIO & Property Tech Roundtable | Los Angeles (by invitation only)

Program

Realcomm will be hosting a hybrid and “by invitation only” Commercial Real Estate CIO Roundtable on April 14 at a multimedia production studio near downtown Los Angeles. A select group of CIOs and senior technology execs will meet physically for discussions on a some of the most critical challenges facing our industry. In addition to attendees who’ll be “live” in the room, additional commercial real estate CIOs and senior technology execs from North America, Asia and Australia will join the conversation remotely via Teams.

 

Agenda

(subject to change)

 

Flexible Hybrid Work Model & The NextGen Tenant/Employee Experience

  • Denise Taylor, President Global Technology, Legends Hospitality (moderator)
  • Kimberly Bertz, SVP Workplace Services & Experience, Wells Fargo
  • Keith Bereskin, VP IT & Building Operations, Healthpeak Properties
  • Jim Whalen, SVP, CIO/CTO, Boston Properties

 

Kilroy Smart Building Case Study

  • Bayron Lopez, Operational Technology Manager, Kilroy Realty

 

ESG and Carbon Neutrality for Smart Portfolios

  • Brenna Walraven, President & CEO, Corporate Sustainability Strategies (moderator)
  • Sara Neff, SVP Sustainability, Kilroy Realty
  • David Hodgins, CEO, LA Better Buildings

 

Roundtable Discussion: What’s Keeping You Up at Night?

  • Mike Goodwin, Director of Technology and CISO, Stockbridge Capital Group (facilitator)

 

When

Wednesday, April 14, 2021
12:00pm – 12:30pm: Networking
12:30pm – 12:45pm: Welcome & Introductions
12:45pm – 4:45pm: Presentations & Discussions
4:45pm – 5:15pm: Studio Tech Presentation and Tour
5:15pm – 6:15pm: Hosted Reception

 

Visit Realcomm CIO Forums for more information and to request an invitation.

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