Global ESG guidance for valuation – a practical approach

This consultation is now closed (27 November 2021)

With COP26 approaching and a sea change in the attitude of many investors, lenders and other property stakeholders, the time is now to engage with the impact of sustainability and ESG on commercial real estate valuation and strategic advice.  

Over the last year RICS has been developing and preparing a new Global Guidance Note: Sustainability and ESG in commercial property valuation and strategic advice.

We will also look to carry on the digital conversation and provide updates across all of our channels and sector forums globally.We also recommend reading the Sustainability Report 2021

We have held two global webinars, a series of global advisory forums and an eight-week digital conversation on our Insight Community. We have gathered insight from a wide range of stakeholders globally including governments, investors, regulators, valuers and built environment professionals.

The proposed guidance note has two main aims:

• Practical and globally relevant principles for the delivery of the sustainability and ESG requirements  of clients through the overarching standards contained in our RICS Global Standards – Valuation “Red Book”