Environmental Considerations: Minimising Waste and Landfill Usage
Unnecessary refurbishment and roof replacement works cost more than just money; they also harm the environment, specifically the Embodied Carbon emissions of your building. The longer the life cycle of your chosen roofing solution, the more significant the improvement in its embodied carbon emissions.
Two of the Circular Economy principles, reduce and repair, dictate the most sustainable approach that should be taken. By repairing only what is actually necessary, we reduce the amount of waste that is generated that is destined for landfills. This helps the environment and helps to achieve your business’s carbon commitments.
EPC Ratings: Forward Planning
In September 2023, the government removed the requirement for landlord’s buildings to be rated EPC C by 2025. However, it is still a requirement for commercial buildings to meet an EPC E rating, which incurs a significant fine of up to £150,000 if breached.
Looking ahead, there is still a positive outlook for landlords, where decisions to repair or replace a roof in the short term will not only significantly impact a building’s efficiency but also ensure preparations have been made for increased EPC compliance in the near future. Whilst government legislation at this stage is not set in stone, there are indications that a commercial building’s EPC rating will increase to band C in April 2027 and band B by 2030.
Mortgage lenders are also forward planning for future EPC compliance, where many have voluntarily signed up to the Net-Zero Banking Alliance (NZBA). This provides lenders with an environmental, social, and governance (ESG) framework, incorporating Green House Gas Protocol (GHGP) accounting standards and commits them to targets that align with the Paris Agreement’s goals.
What this means in practice is that it will become increasingly difficult and more expensive to mortgage properties that are not at least EPC-C rated. The flip side of this is that mortgage lenders are already creating ‘Green Mortgage’ products that are cheaper for more environmentally friendly properties. There is also a proven ‘Green Premium’ that increases both the underlying asset value and the rental value of the greener buildings.