Launch of UNEP FI Property Working Group Report

Relevant Materials
 

A briefing on why investors should invest in building retrofit opportunities.

Press Release

 
     
,
News
   
     
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Date: Wednesday, 26 February 2014, 3:30 pm – 6:30 pm

Hosted by Deutsche Bank Asset & Wealth Management

Venue: Deutsche Bank, 60 Wall St. Room 4702, New York City

Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. They are considered a high-impact sector for urgent mitigation action on climate change. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The report developed by the UNEP FI Property Working Group provides a synthesis of practices from real estate leaders presented in the form of a seven step process for how investors can increase the value of their real estate assets through energy efficiency retrofits. The report was launched and presented by Bentall Kennedy (lead author) in New York on February 26, at Deutsche Bank. The event brought together more than 50 investment professionals from North America to discuss and reinforce the business case for the financing of energy efficiency retrofits in commercial buildings. It invited speakers and the audience to debate on financing solutions that can contribute to creating supply for energy efficiency retrofits projects. While forward thinking real estate investors are currently tapping profitable energy efficiency retrofit opportunities, there remains a large market gap between the quarter-trillion dollar potential and reality. A few key questions were debated by the panel, it included (but not exclusively):

  • Which weaknesses/barriers are holding the sector back the most?
  • What are the financing solutions that can help create a bigger supply for EERs projects?
  • What signals should investors be sending to push asset managers invest in EERs?
  • What are viable policies for government to speed people through the steps?

Panelists provided an overview of what investors, asset managers and banks can already undertake to scale up the financing of energy efficiency in buildings by sharing experience about existing and successful financing mechanisms or instruments. The discussion also highlighted the Investor Briefing’s seven steps process which was very positively perceived and considered as relevant to support investors in their investment decision process. Last but not least the event was organized in partnership with the Urban Land Institute Greenprint Center. The ULI Greenprint Center advocates for measurable actions and achieve concrete energy efficiency gains with their members while demonstrating the correlation with increased property values. Photos,,PROGRAMME 3:00 – 3:30 Registration – Please make sure you bring a valid ID with you 3:30 – 3:45 Welcoming Remarks

  • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management
  • Elliot Harris, UNEP Director of the New York Office
  • Annie Degen, Energy Efficiency Coordinator and Special Advisor Long-Term Finance, UNEP Finance Initiative
  • Patrick L. Phillips, CEO of the Urban Land Institute

3:45 – 4:15 Presentation of the Investor Briefing

  • James Gray-Donald, Vice President, Bentall Kennedy

4:15 – 5:00 Panel discussion: What’s next? Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The session is designed for speakers to discuss the business case for EERs investments and the concrete next steps investors, asset managers and banks can already undertake. What are the multiple benefits of EERs for an investor, beyond energy savings? What are the financing solutions that can help create a bigger supply for EERs projects? What signals should investors be sending to push asset managers invest in EERs? Which weaknesses are holding the sector back the most? What are viable policies for government to speed people through the steps? Panelists • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management • Bruce Schlein, Director Corporate Sustainability, Citibank • David DeVos, Vice President, Global Director of Sustainability, Prudential Real Estate Investors • Alfred Griffin, President at New York Green Bank Moderator • Toby Heaps, CEO, Corporate Knights 5:00 – 5:30 Q&A Note that interaction with the audience will also take place during the debate 5:30 – 6:30 Cocktail reception ,

Date: Wednesday, 26 February 2014, 3:30 pm – 6 pm Hosted by Deutsche Bank Asset & Wealth Management Venue: Deutsche Bank, 60 Wall St. Room 4702, New York City It is our pleasure to invite you to attend the launch of a new publication‘Commercial Real Estate: Unlocking the Energy Efficiency Retrofit Investment Opportunity’, by the Property Working Group of the United Nations Environment Programme Finance Initiative (UNEP FI). This paper outlines why and how asset owners and managers can generate profitable energy efficiency investment opportunities and proactively manage them even in cases where payback is uncertain. It provides a synthesis of essential information and practices from real estate leaders in the form of a guide and includes examples of how investors can increase the value of their real estate assets through energy efficiency retrofits.

PROGRAMME 3:00 – 3:30: Registration – Please make sure you bring a valid ID with you 3:30 – 3:45: Welcoming Remarks • Elliot Harris, UNEP Director of the New York Office • Annie Degen, Energy Efficiency Coordinator and Special Advisor Long-Term Finance • Patrick L. Phillips, CEO of the Urban Land Institute 3:45 – 4:15: Presentation of the Investor Briefing • James Gray-Donald, Vice President, Bentall Kennedy 4:15 – 5:00: Panel discussion: What’s next? Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The session is designed for speakers to discuss the business case for EERs investments and the concrete next steps investors, asset managers and banks can already undertake. What are the multiple benefits of EERs for an investor, beyond energy savings? What are the financing solutions that can help create a bigger supply for EERs projects? What signals should investors be sending to push asset managers invest in EERs? Which weaknesses are holding the sector back the most? What are viable policies for government to speed people through the steps? Panelists • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management • Bruce Schlein, Vice President Environmental Affairs, Citibank • Alfred Griffin, President at New York Green Bank, tbc Moderator • Toby Heaps, CEO, Corporate Knights 5:00 – 5:20: Q&A Note that interaction with the audience will also take place during the debate 5:20 – 6:00: Cocktail reception Register now until 21 February. (Please be aware that the number of participants will be limited) For more information please Elodie Feller: [email protected] Confirmed speakers include:

  • James Gray-Donald, Vice President Sustainability, Strategic Resources Group, Bentall Kennedy
  • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank
  • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS
  • Bruce Schlein, Vice President Environmental Affairs, Citibank (tbc)

Registration: If you plan to attend, kindly prior to February 12. Kindly note that space will be limited. Contact: For more information please Elodie Feller: [email protected] ,

Relevant Materials
 

A briefing on why investors should invest in building retrofit opportunities.

Press Release

 
     
,
News
   
     
,

Date: Wednesday, 26 February 2014, 3:30 pm – 6:30 pm

Hosted by Deutsche Bank Asset & Wealth Management

Venue: Deutsche Bank, 60 Wall St. Room 4702, New York City

Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. They are considered a high-impact sector for urgent mitigation action on climate change. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The report developed by the UNEP FI Property Working Group provides a synthesis of practices from real estate leaders presented in the form of a seven step process for how investors can increase the value of their real estate assets through energy efficiency retrofits. The report was launched and presented by Bentall Kennedy (lead author) in New York on February 26, at Deutsche Bank. The event brought together more than 50 investment professionals from North America to discuss and reinforce the business case for the financing of energy efficiency retrofits in commercial buildings. It invited speakers and the audience to debate on financing solutions that can contribute to creating supply for energy efficiency retrofits projects. While forward thinking real estate investors are currently tapping profitable energy efficiency retrofit opportunities, there remains a large market gap between the quarter-trillion dollar potential and reality. A few key questions were debated by the panel, it included (but not exclusively):

  • Which weaknesses/barriers are holding the sector back the most?
  • What are the financing solutions that can help create a bigger supply for EERs projects?
  • What signals should investors be sending to push asset managers invest in EERs?
  • What are viable policies for government to speed people through the steps?

Panelists provided an overview of what investors, asset managers and banks can already undertake to scale up the financing of energy efficiency in buildings by sharing experience about existing and successful financing mechanisms or instruments. The discussion also highlighted the Investor Briefing’s seven steps process which was very positively perceived and considered as relevant to support investors in their investment decision process. Last but not least the event was organized in partnership with the Urban Land Institute Greenprint Center. The ULI Greenprint Center advocates for measurable actions and achieve concrete energy efficiency gains with their members while demonstrating the correlation with increased property values. Photos,,PROGRAMME 3:00 – 3:30 Registration – Please make sure you bring a valid ID with you 3:30 – 3:45 Welcoming Remarks

  • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management
  • Elliot Harris, UNEP Director of the New York Office
  • Annie Degen, Energy Efficiency Coordinator and Special Advisor Long-Term Finance, UNEP Finance Initiative
  • Patrick L. Phillips, CEO of the Urban Land Institute

3:45 – 4:15 Presentation of the Investor Briefing

  • James Gray-Donald, Vice President, Bentall Kennedy

4:15 – 5:00 Panel discussion: What’s next? Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The session is designed for speakers to discuss the business case for EERs investments and the concrete next steps investors, asset managers and banks can already undertake. What are the multiple benefits of EERs for an investor, beyond energy savings? What are the financing solutions that can help create a bigger supply for EERs projects? What signals should investors be sending to push asset managers invest in EERs? Which weaknesses are holding the sector back the most? What are viable policies for government to speed people through the steps? Panelists • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management • Bruce Schlein, Director Corporate Sustainability, Citibank • David DeVos, Vice President, Global Director of Sustainability, Prudential Real Estate Investors • Alfred Griffin, President at New York Green Bank Moderator • Toby Heaps, CEO, Corporate Knights 5:00 – 5:30 Q&A Note that interaction with the audience will also take place during the debate 5:30 – 6:30 Cocktail reception ,

Date: Wednesday, 26 February 2014, 3:30 pm – 6 pm Hosted by Deutsche Bank Asset & Wealth Management Venue: Deutsche Bank, 60 Wall St. Room 4702, New York City It is our pleasure to invite you to attend the launch of a new publication‘Commercial Real Estate: Unlocking the Energy Efficiency Retrofit Investment Opportunity’, by the Property Working Group of the United Nations Environment Programme Finance Initiative (UNEP FI). This paper outlines why and how asset owners and managers can generate profitable energy efficiency investment opportunities and proactively manage them even in cases where payback is uncertain. It provides a synthesis of essential information and practices from real estate leaders in the form of a guide and includes examples of how investors can increase the value of their real estate assets through energy efficiency retrofits.

PROGRAMME 3:00 – 3:30: Registration – Please make sure you bring a valid ID with you 3:30 – 3:45: Welcoming Remarks • Elliot Harris, UNEP Director of the New York Office • Annie Degen, Energy Efficiency Coordinator and Special Advisor Long-Term Finance • Patrick L. Phillips, CEO of the Urban Land Institute 3:45 – 4:15: Presentation of the Investor Briefing • James Gray-Donald, Vice President, Bentall Kennedy 4:15 – 5:00: Panel discussion: What’s next? Buildings account for approximately a third of the world’s energy consumption and global greenhouse gas emissions. One of the most effective means for the finance industry to reduce these is by implementing energy efficiency retrofits (EERs). The session is designed for speakers to discuss the business case for EERs investments and the concrete next steps investors, asset managers and banks can already undertake. What are the multiple benefits of EERs for an investor, beyond energy savings? What are the financing solutions that can help create a bigger supply for EERs projects? What signals should investors be sending to push asset managers invest in EERs? Which weaknesses are holding the sector back the most? What are viable policies for government to speed people through the steps? Panelists • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank Asset & Wealth Management • Bruce Schlein, Vice President Environmental Affairs, Citibank • Alfred Griffin, President at New York Green Bank, tbc Moderator • Toby Heaps, CEO, Corporate Knights 5:00 – 5:20: Q&A Note that interaction with the audience will also take place during the debate 5:20 – 6:00: Cocktail reception Register now until 21 February. (Please be aware that the number of participants will be limited) For more information please Elodie Feller: [email protected] Confirmed speakers include:

  • James Gray-Donald, Vice President Sustainability, Strategic Resources Group, Bentall Kennedy
  • Ronald Herbst, Manager of Energy Efficiency and Sustainability Products, Deutsche Bank
  • Carrie Douglas-Fong, Investment Office Real Assets Unit, CalPERS
  • Bruce Schlein, Vice President Environmental Affairs, Citibank (tbc)

Registration: If you plan to attend, kindly prior to February 12. Kindly note that space will be limited. Contact: For more information please Elodie Feller: [email protected]