Today saw the launch of the Better Buildings Partnership (BBP) Responsible Property Management Toolkit, created through collaboration within the real estate sector for collaboration within the sector. The Toolkit aims to encourage asset, property and facility managers to actively consider ESG in all areas and, more broadly, to improve awareness of ESG issues across the industry and embed consistent best practice in real estate management at company, portfolio and property levels.
Freely available to download, the Toolkit comprises thirteen practical checklists on a wide range of topics of relevance to responsible property management, ranging from managing environmental risk to occupier engagement, biodiversity to social value. Alongside these checklist resources sit guidance notes, providing more detailed analysis of how to approach the management of that particular topic.
The launch event included a wide-ranging panel discussion where it was acknowledged that, with ESG best practice evolving on an rapid basis, having an open-source toolkit available, which can be used to help upskill property and facility managers as well as identifying actions and assist in engaging with owners to invest in improvements, will be of great benefit for all. Other areas of discussion included whether technology will be able to keep up with the rate of change in ESG requirements and the changing role of property management specialists.
"Translating the rhetoric of corporate commitments into action on commercial real estate portfolios, funds and individual buildings will require considerable upskilling to embed sustainability into the responsibilities of asset, property and facilities managers."