EPC and ESG ... Deadlines looming
Stakeholders are increasingly informing their decisions based on ESG (environmental, social, and governance) credentials, and Investors are favouring businesses with robust ESG frameworks and clear net zero and sustainability goals.
From April 2023, it will be a legal requirement for all commercially rented properties to have an EPC (Energy Performance Certificate) rating of at least E.
This is currently a legal requirement for commercial and residential properties before they can receive a new or renewal lease, but from April 23 this requirement will be extended to both new and existing commercial leases.
Commercial property owners will be expected to achieve a minimum Energy Performance Certificate (EPC) rating of at least C, if not B, by 1 April 2030 ... possibly 2025 for C, for their portfolios, as well as being required to comply with more stringent inspections of heating and air conditioning systems.
Property owners and occupiers can expect the energy efficiency of buildings to become more closely scrutinised in the next few months and years and with rising energy costs, there is an additional incentive to act now.
Smart Places can improve your energy efficiency and EPC rating and save you money; making your buildings more attractive for investors, operators, and your workforce.