The Property Council are a leader in making the case for sustainable development that helps attract capital. This includes incentives in the built environment to encourage stronger investment in energy efficiency and clean energy, and a unified common-sense sustainability reporting obligation with minimal green tape.
As a champion for sustainability, the Property Council have built strong partnerships with organisations including the Green Building Council of Australia (GBCA), the Australian Sustainable Built Environment Council (ASBEC) and Global Real Estate Sustainability Benchmark (GRESB).
Their annual flagship event, Green Cities, is run in partnership with the GBCA and serves as a showcase for innovation in the industry.
As part of the Australian Sustainable Built Environment Council (ASBEC), the Property Council have called for measures to improve energy efficiency and incentivise distributed energy within the built environment, which would complement any whole-of-economy response to greenhouse gas emissions abatement.
In order to achieve this, five key policies are advocated:
The Property Council have also been a staunch advocate for the Building Upgrade Finance scheme and believe it will be of considerable assistance to commercial building owners and developers looking to access loans to retrofit their buildings. The Building Upgrade Finance scheme will remove barriers to upgrading commercial buildings and lead to a more sustainable built environment.
The Property Council support the progression of Building Upgrade Finance as a voluntary mechanism and are working with the State Government to deliver the right policy framework that will incentivise and promote green building refurbishments.