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ECOBUILD

Green buildings cost same as conventional structures

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Findings published in new report from World Green Building Council

The World Green Building Council has unveiled a comprehensive new report at Ecobuild, outlining the compelling global business case for green buildings.

The ‘Business case for Green Building’ report highlights how green buildings can be delivered at a price comparable to conventional buildings and investments can be recouped through operational cost savings.

Key findings include:

-  Asset value: Emerging evidence in some markets of green buildings being able to more easily attract tenants and to command higher rents and sale prices;

-  Design and construction costs: There has been an overall reduction in the costs associated with designing and constructing sustainable buildings;  

-  Operating costs: The direct benefits from green buildings in use (such as reduced energy and water use and lower long-term operations and maintenance costs) typically exceed any costs premiums associated with their design and construction within a reasonable payback period;

-  Workplace productivity and health: The characteristics and indoor environments of green buildings can influence the productivity and health of workers who occupy them, resulting in bottom line benefits for businesses.

Jane Henley, chief executive of the World Green Building Council, said: “This report synthesizes credible evidence from around the world on green buildings into one collective resource, and the evidence presented highlights that sustainable buildings provide tangible benefits and make clear business sense.”

Paul King, chief executive of the UK Green Building Council, said:  “This report is a very valuable compilation of all the credible research into the business benefits of green building from around the world. As sustainability becomes ever-more embedded in the market’s expectation of good quality, it may prove increasingly difficult to disaggregate the ‘green premium’, but what is certain is that those buildings that don’t keep pace will inevitably lose value.”

The report was produced in partnership with PRP Environmental along with the following sponsors: Skanska, Grosvenor, and the Abu Dhabi Urban Planning Council/Estidama.

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Readers' comments (1)

  • This report states four blindingly obviously things but fails to state the fifth blindingly obvious fact, that green buildings (however that term is defined) generally cost more to design and construct than more conventional buildings. Green initiatives such as the Code for Sustainable Homes, LifeTimeHomes and recent revisions of the Building Regulations have added significant cost to the design and construction of buildings. I'm not saying this is necessarily wrong (I am a Code Assessor myself), just that the debate should be more frank and honest about the costs associated with achieving more sustanibale development

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