Building Research Establishment Forms Sustainable Built Environment Alliance 

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06 March 2024

Three green building authorities, including the Building Research Establishment, have formed an industry-first, international alliance to raise awareness of sustainable finance mechanisms in the real estate sector.

Alongside the Green Building Council of Australia (GBCA) and the US Green Building Council, The Building Research Establishment (BRE) will create a sustainable finance guide. This document will expand on an initial document developed by GBCA and launched to the Australian market in 2023.

The new version will promote sustainable finance mechanisms and demonstrate how rating systems like BREEAM, Green Star and LEED ensure compliance with multiple sustainable classification frameworks used globally, such as the EU and UK green taxonomies.

The document will be launched at London Climate Action Week in June 2024, exploring the sustainable finance instruments currently available to the real estate market, such as green loans and green bonds. 

Gillian Charlesworth, Chief Executive Officer of the Building Research Establishment, said: “In an era where environmental sustainability is not just a responsibility but a necessity, we fully recognise the need to drive a deeper understanding of the role of sustainable finance in addressing global challenges - most notably climate change.

“With our new alliance with the GBCA and USGBC, BRE hopes to strengthen global cooperation between the finance and real estate industries, and in doing so increase the uptake of sustainable finance mechanisms and deliver a decarbonised built environment not just in the UK, but across the world as well.”

Davina Rooney, Chief Executive Officer of the Green Building Council of Australia, added: “This global alliance shows that the world’s major sustainability rating systems are aligned - not just on climate science - but on how we can ensure that all buildings are able to transition to a decarbonised future. 

As we move through a global sustainable finance revolution, together, we have the potential to unlock significant benefits for buildings, the environment and for people. Green Building Council of Australia looks forward to taking this first important step with the USGBC and BREEAM.”

Picture: a photograph of a tree with bright green leaves against a blue sky backdrop. Image Credit: Unsplash

Article written by Ella Tansley | Published 06 March 2024

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