A recent article appearing in the Property Professional Magazine (Garner, G. O., & Kuczynska, P. Climate Change: A Challenge for Valuers? Autumn 2022 edition), highlights the swiftly emerging issues around climate change - being one most people would agree is increasingly commanding the attention of regulators, the media, environmentalists and the general public. Equally, it is an evolving matter demanding earnest consideration by New Zealand businesses.
The aforementioned article reveals that following the 2021 United Nations COP26 Climate Change Conference, a recent Knight Frank report points out that almost every country on earth is now working to tackle climate change. Moreover, this report looks specifically at how the world of real estate is adapting, and how the property market might look in the future.
We are complying a list of valuable resources for property professionals as a start to help guide you through the minefield that involves climate change risk reporting.
Please note all information and resources provided here are subject to review and can be changed by guidance papers coming available through the Property & Valuation Standards Board.
Next review is due January 2023.
NABERSNZ rating is compulsory for NZ Government Properties owned & leased (from 01/01/2021). Nabersnz