A lease with clauses committing landlord and tenant to shared sustainability goals such as energy data sharing, efficiency upgrades, and waste reduction, aligning interests that a standard lease leaves split.
Related terms
- Green premium
The additional value or rent a sustainable building can command.
- GRESB
The Global Real Estate Sustainability Benchmark, an investor-driven ESG scoring system that lets funds compare the sustainability performance of property portf…
- LEED
A widely used green-building certification system.
- Mostadam
Saudi Arabia's national green-building rating system, tailored to the Kingdom's climate and Vision 2030 sustainability goals, covering both residential and com…
- Net zero
A state where the greenhouse gases a building or portfolio emits are balanced by an equivalent amount removed or offset; the headline decarbonisation target no…
- Operational carbon
The emissions from running a building over its life, e.g.
- Physical climate risk
The exposure of an asset to physical climate hazards such as extreme heat, flooding, water stress, and coastal erosion, particularly material for low-lying Gul…
- Renewable energy
Power from sources that naturally replenish, chiefly solar for Gulf real estate; on-site PV and green power purchase agreements are central to regional net-zer…