Is BREEAM Sustainable?
Traditionally, measures of sustainability on building projects – for example BREEAM1 and LEED2 have been based on a very specific and prescriptive set of “environmental” criteria – energy use, water consumption and even proximity to public transport. However, the effectiveness and value of these forms of certification is under question. Why?
Green lending is the means by which commercial lenders provide development finance to borrowers who develop green buildings or retrofit existing buildings with green or environmentally responsible features. The lending is conditional on the borrower fulfilling certain environmental criteria. Generally, this means that the borrower’s sustainability strategy is closely scrutinised.