Frankfurt 2013 - Conference programme

Taking Sustainability in Commercial Property Mainstream

Steigenberger Frankfurter Hof, Am Kaiserplatz, 60311, Frankfurt am Main, Germany

Thursday 14th November


 

09.15
Registration and Refreshments
10.00
Welcome and introduction from John Pike, Founder and Managing Director, The 40 Percent Symposium
10.10
Keynote Presentation by Matthias Kopp - Low Carbon Business and Finance Sector, WWF Germany.

According to a new assessment by the Intergovernmental Panel on Climate Change (IPCC) human influence is the dominant cause of global warming since the 1950s.

With a 20 year lag our current weather is determined by gases already in atmosphere in 1990. With greenhouse gases set to increase we have to expect that variations go up in terms of extremes; rain, cold spells, heat waves.

Matthias Kopp will discuss the consequences of not acting on decarbonisation and the implications for business.

He will review what decarbonisation means for Germany.

10.30
The Science. Recalibrating the Investors Risk Profile - Panel Session

Chaired by John Pike this session will examine that investors increasingly acknowledge that climate change represents a significant risk to the assets they manage.

Prof. Dr. Sven Bienert, Head of the Competence Centre of Sustainable Real Estate at Regensburg University will analyse the impact of climate change and sustainability on real estate. He will refer to research by the centre which calculates the expected loss for individual properties based on climate change model.

Ulrich Steinmetz, Managing Director, RREEF Investment, Deutsche Asset & Wealth Management will describe RREEF’s approach to climate change risks in their stock selection, management and disposal processes across their global portfolios.

11.00
Networking Break
11.15
The Future and Practicalities of Green Leases by Dr Horst Schlemminger

It is generally accepted that, when Landlord and Tenant cooperate, an affordable and greener building is attainable.

Dr Horst Schlemminger, partner in the Munich office of Clifford Chance and a member of the legal committee of the German Sustainable Buildings Council will provide his view on Green Building clauses in an ideal world.

Looking to the future; which clauses will become state of the art and which clauses will remain non practical ideas.

11.45
Integrating Sustainability into Responsible Investment Management. Is there a link between sustainability, shareholder and investment value? Panel Session.

Chaired by Sebastian Reich.

Our respected speakers will debate the issues and relate their experiences on how to embed sustainability into Responsible Investment Management:

Susan Dreyer, Director and Head of Programmes CDP DACH Regionwill show, with reference to recent research by CDP, how companies engaging in the climate change agenda generate superior returns on equity.

Dr Albrecht Reihlen, Managing Director CRO, Deka Immobilien Investment will speak on Deka’s sustainable building approach. He will talk about the characteristics and latest corporate thinking on Responsible Property Investment, the benefits to investors in developing strategies for investors of open ended funds and Deka as an investment company and using Deka’s sustainable refurbishment of the new German Headquarters of ING Bank, the Leo Building, current best practice in embedding Responsible Property Investment into the investment process.

Ingemar Hunold, Project leader Sustainable Buildings, Union Investments Real Estate will outline Unions approach to sustainable portfolio management with particular reference to data collected from their own properties enabling Union Investments to create an integrated system of scoring environmental performance. He will compare a buildings performance at portfolio level down to a building level and question whether the Union Investment system can deliver a better indicator of value than some of the established certification schemes? ls this the beginning of a new discipline which delivers better shareholder value?

12.30
Lunch and Networking
13.30
Model Rules for Green Property Management Agreements. Achieving sustainability over the life of a building in use by Christiane Conrads.

An increasingly important role of the property manager is to manage a building in a sustainable way so that the landlord or investor’s legal and statutory commitments are met and the tenant’s occupation costs are contained.

Current service agreements do not tackle these issues sufficiently well and there is now a need for a “green” services agreement.

Is it possible to build a better relationship between landlord and tenant to produce better data for the building in use?

Christiane Conrads will discuss these issues with reference to model clauses developed by DLA Piper and reference some examples of them in use

14.00
The Impact of Sustainability on Real Estate Value - Panel Session.

Do sustainability related property characteristics, risk related obsolescence and national property markets distinguish between buildings with different sustainability characteristics.

Do valuers enhance the value of green buildings or discount the value of unsustainable buildings?

Hermann Horster, Head of Sustainability at BNP Paribas Real Estate, Professor Dr David Lorenz of the Karlsruhe Institute of Technology and Markus Hähnel, Senior Consultant - Energy and Sustainability, CBRE debate the issues facing the valuation profession today as it seeks to reflect sustainability in valuation practice and asset pricing

14.40
Are the Standards for Measuring Sustainable Performance Financially Robust? Panel Session.

Chaired by Mark McLaughlin.

The standards for measuring the financial performance of property are well documented. Property investment funds are required to perform against strict benchmarks. Can we be as confident about sustainability reporting? 

What are the assurance measures that will give confidence to the investment community and stakeholders?

Is there an impact from increasingly stringent financial regulation on survey based ESG indices and the advent of label based green property indices.

Discuss these issues with our distinguished panel of Philippa Shire, Operations & Legal Affairs Manager at GRESB and Dr Robert Gabriel, Executive Director, Corporate Sustainability& Strategy at PE International and Dr. Andri Eglitis, Head of Reserach at IPD Investment Property Databank GmbH, Frankfurt.

 
15.20
Networking Break
15.40
Delivering Sustainable Buildings through EU Regulations – EPC case study by Dan Stainaszek

Dan Stainaszek, Senior Expert at BPIE will illustrate in his presentation how a single piece of legislation – the requirement to introduce Energy Performance Certification (EPC) schemes, has been interpreted and implemented very widely in different Member States and the implications this has on the ability to improve building energy performance

 

16.10
Is there Value in the Increasing Use of Certification for Existing Buildings? Panel Session.

Is certification the route to future value or is an EPC all that you actually need to demonstrate a buildings environmental credentials and its value?

Which certification standards will be value drivers in the future?

The panel will discuss the relative merits of all the common certification schemes comparing DGNB, BREEAM, LEED, and HQE and the circumstances in which they would recommend a particular certification and the value benefits it would bring.

The panel is chaired by Sebastian Reich and comprises of Dr Birgit Memminger-Rieve Managing Director ES Enviro Sustain GmbH, Jens Böhnlein, Partner, Head of Project Management, Corporate Occupier & Investor Services, Cushman & Wakefield, and Hermann Horster, Head of Sustainability, BNP Paribas Real Estate.

16.50
Closing remarks: John Pike Founder and Managing Director - 40 Percent Symposium
16.55
Drinks Reception