The Urban Developer
AdvertiseEventsWebinars
Urbanity
Awards
Sign In
Membership
Latest
Menu
Location
Sector
Category
Content
Type
Newsletters
Untitled design (8)
FULL PROGRAM RELEASED FOR URBANITY-25 CONNECTING PROPERTY LEADERS ACROSS THE ASIA PACIFIC
FULL PROGRAM RELEASED FOR URBANITY-25 WHERE THE PROPERTY INDUSTRY CONNECTS
VIEW FULL AGENDADETAILS
TheUrbanDeveloper
Follow
About
About Us
Membership
Awards
Events
Webinars
Listings
Resources
Terms & Conditions
Commenting Policy
Privacy Policy
Republishing Guidelines
Editorial Charter
Complaints Handling Policy
Contact
General Enquiries
Advertise
Contribution Enquiry
Project Submission
Membership Enquiry
Newsletter
Stay up to date and with the latest news, projects, deals and features.
Subscribe
ADVERTISEMENT
SHARE
print
Print
OtherStaff WriterSun 18 Sep 16

New Green Leasing Standard Could Sweep Across Nation

BBP-leasing-standard_620x380

Image: Better Buildings Partnership founders: City of Sydney BBP Support Officer Alberto Tobia, City of Sydney CEO Monica Barone, City of Sydney Sustainability Programs Leader Ben Thomas, Dexus Legal Counsel and BBP Tenant and Communities Co-Chair Claire Hashman, and Dexus Head of Sustainability Paul Wall. Credit: Katherine Griffiths / City of Sydney.

A world-first green leasing standard was recently released to deliver better sustainability outcomes for tenants and landlords.

The leasing standard was developed in response to a growing appetite from businesses to connect with like-minded landlords on operating their workplaces sustainably, under the Better Buildings Partnership (BBP).

The BBP was created as a result of a collaboration between major property owners, building managers and the City of Sydney, and will help landlords and tenants benchmark their agreements against others and save on power and water bills.

The BBP leasing standard identifies 20 categories that help classify a lease as ‘green’, and provides an online tool that enables leases to be assessed.

A scorecard and badge is then generated, making it easy to identify the strength of sustainability of the proposed lease and compare it against other leases.

Applauding the initiative, Property Council of Australia Chief Executive Ken Morrison said the BBP has the potential to be rolled out across Australia for a nation-wide approach to sustainability.

“It recognises that the leasing of most commercial properties is not a case of ‘set and forget’, but it is an active partnership between landlords and tenants," he said.

City of Sydney CEO Monica Barone said the partnership demonstrates the huge demand for sustainability initiatives in the commercial office sector.

“BBP members have reduced their emissions by 45 per cent since 2006, saving $30 million per year," she said.

"The development of the BBP leasing standard will help members further reduce their emissions and make even greater savings over the coming years.

“We are increasingly seeing businesses of all different sizes with a desire to operate out of buildings that complement their green focus.

“While owners and tenants may not be able to build all 20 categories into the lease, they have the option to work together and agree on a set of clauses achievable by both parties over the life of the lease,” Ms Barone said.

She believes the new standards under the BBP, with the support from major corporations and landowners in the city centre, will play a big role in helping the City achieve its Sustainable Sydney 2030 target of reducing emissions by 70 per cent compared to 2006 levels.

ResidentialHotelAustraliaPolicyPolicy
AUTHOR
Staff Writer
"TheUrbanDeveloper.com is committed to delivering the latest news, reviews, opinions and insights into the best of urban development from Australia and around the world. "
More articles by this author
ADVERTISEMENT
TOP STORIES
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Wel Co's Thornhill Park, 40km west of the Melbourne CBD.
Exclusive

Waiting for Victoria: Why Wel.Co says State Planning isn’t Working

Marisa Wikramanayake
6 Min
Woods Bagot Principal Alex Hall and Penny Place Adelaide
Exclusive

Amplified Affordability: Woods Bagot Cracks Housing Cost Code

Leon Della Bosca
8 Min
Goodman Brisbane Industrial EDM
Exclusive

Olympics a ‘Springboard’ for Brisbane’s Industrial Age

Clare Burnett
6 Min
Colliers build-to-rent head Robert Papaleo speaking at The Urban Developer's Build-to-Rent Summit in Melbourne.
Exclusive

Get Creative Before BtR Wellspring Runs Dry, Sector Urged

Marisa Wikramanayake
4 Min
View All >
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
Build-to-Rent

The 10 Biggest BtR Projects Under Construction in 2025

Editorial Desk
As the asset class matures, The Urban Developer reveals the 10 biggest build-to-rent projects (by asset value) under con…
LATEST
Exclusive

Paperwork to Plate: The Rise of Brisbane’s Midtown

Taryn Paris
6 Min
Mandarin Centre EDM
Retail

Decade On, Mandarin Centre Redevelopment Revealed

Clare Burnett
4 Min
Build-to-Rent

The 10 Biggest BtR Projects Under Construction in 2025

Editorial Desk
5 Min
Finance

Global Uncertainty Underwrites Australia as ‘Island of Stability’ for Investors

Taryn Paris
6 Min
View All >
ADVERTISEMENT
Article originally posted at: https://theurbandeveloper.com/articles/new-green-leasing-standard-sweep-across-nation