BRE advises on the UK Taxonomy

BRE is committed to continue offering robust and scientific advice on usable and practicable TSC requirements and taxonomy criteria.

BRE is advising on the development of a UK Taxonomy, which will help built environment investors make informed decisions about the sustainability of economic activities, such as new construction, renovations and property ownership.  

Sustainable finance has a key role to play in delivering on international commitments on climate and sustainability objectives.  The Paris climate agreement includes the commitment to align financial flows with a pathway towards low-carbon and climate-resilient development. 

The UK Taxonomy will build on existing international taxonomies, including the EU Taxonomy, and will focus on net-zero in the UK context. On 9 June 2021, the UK Government announced the establishment of a new advisory group, the Green Technical Advisory Group (GTAG), to provide independent, non-binding advice to the Government on developing and implementing a Green Taxonomy in the UK. The GTAG is made up of subject matter experts and key financial market stakeholders, chaired by the Green Finance Institute (GFI).  

In addition to the strategic GTAG group, additional sub-groups will be established to provide specific technical expertise on a given sector and determine the technical screening criteria (TSC).  

BRE has fed into the GTAG sub-group for the Built Environment as a subject expert to advise on the TSC for the following specific economic activities:  

  • New construction   
  • Building renovation   
  • Acquisition and ownership of properties 

The group will have the ability to work collaboratively on how to optimise the buildings’ relevant criteria for the referred economic activities through design, existing data and methodologies, and pros and cons from international regimes. 

BRE is committed to continue offering robust and scientific advice on usable and practicable TSC requirements and taxonomy criteria. The GTAG Built Environment group will help accelerate green finance as well as support the UK’s transition to a net-zero economy. 

Our BREEAM Technical Advisory team will also continue to evaluate the requirements of the EU Taxonomy and assist on the development of the UK Taxonomy. The BREEAM suite of schemes and the EU and UK taxonomies naturally align and work successfully together. We are also conducting mapping exercises to demonstrate how achieving BREEAM certification can document an asset’s compliance with EU and UK Taxonomy requirements.  

BREEAM case studies

Browse the latest case studies from BREEAM

 

WashREIT leverages green bond funding to achieve BREEAM certification of eight assets

WashREIT leverages green bond funding to achieve BREEAM certification of eight assets

WashREIT allocated a majority of its $350 million inaugural green bond offering to green building improvements and certification as part ...
Read More
DEKA USA Property TWO LP 3050 Gateway Distribution Center achieves BREEAM certification in efforts for continual progress

DEKA USA Property TWO LP 3050 Gateway Distribution Center achieves BREEAM certification in efforts for continual progress

Like many industrial facilities, challenges included the rural location of the site with reduced surrounding amenities, and the nature of ...
Read More
2840 Junction in the Silicon Valley achieves BREEAM Good rating on Metlife Investment Management and Cushman & Wakefield campus

2840 Junction in the Silicon Valley achieves BREEAM Good rating on Metlife Investment Management and Cushman & Wakefield campus

MetLife Investment Management understands the impact buildings have on people, communities and the environment ...
Read More
A historic public garden leads green building into the future, Center for Sustainable Landscapes, Pennsylvania, USA

A historic public garden leads green building into the future, Center for Sustainable Landscapes, Pennsylvania, USA

The core function of the CSL is to increase awareness of the interconnection between the natural and built environment, and ...
Read More
The Oaks Mall - The First BREEAM USA Certification

The Oaks Mall – The First BREEAM USA Certification

Located in Thousand Oaks, California, The Oaks is a 1.3 million square foot shopping mall chosen by Macerich to be ...
Read More
The oldest new building in San Francisco, Landmark at One Market Street, USA

The oldest new building in San Francisco, Landmark at One Market Street, USA

The Landmark shows the sustainability performance that existing buildings, including those with historic features, can deliver. The brick façade is ...
Read More
Loading...

Get in touch

Contact us now or call us on 0333 014 7880 if you would like to talk to our team about how BREEAM can support you.