Upgrading an existing building to improve energy efficiency or performance.
Related terms
- Stranded asset
A property that loses value because it fails to meet evolving regulatory or market standards.
- Transition risk
The financial risk to property from the shift to a low-carbon economy, including tighter regulation, carbon pricing, and shifting tenant demand that can strand…
- Whole-life carbon
The total carbon emitted across a building's life, combining embodied carbon from construction and materials with operational carbon from use; the metric behin…
- Brown discount
The reduction in value or rent that energy-inefficient, non-compliant buildings suffer relative to green stock, the flip side of the green premium and a growin…
- Carbon offset
A credit representing a tonne of CO2 avoided or removed elsewhere, bought to compensate for a building's residual emissions; credible only when additional and…
- Embodied carbon
The greenhouse-gas emissions associated with constructing a building.
- Energy performance certificate (EPC)
A graded rating (A to G) of a building's energy efficiency, increasingly required for leasing or sale; minimum EPC standards are already restricting lettings o…
- ESG
Environmental, Social, and Governance factors increasingly shaping real estate investment.