Responsible Planning is an approach on a property development field that recognises environmental and social considerations along with more conventional financial objectives. It goes beyond minimum legal requirements, to improving the environmental or social performance of property, through strategies such as urban revitalisation, or the conservation of natural resources.
In company Kunstel & Kikel we consider the good management of environmental and social impacts to be central to our long term business as well. We found Responsible Property Development as an integral part of our philosophy as we believe that we can enhance the value of our future developments by addressing sustainability issues from the earliest design and specification stages, always ensuring that steps taken are economically viable.
We recognise that our design activities have both direct and indirect impacts on the environment and society as a whole. We accept that it is our responsibility as connected to real estate business to use natural resources as efficiently as possible, reduce our carbon footprint and manage the impacts of our property development and management which contribute to climate change. We also believe we must respect and engage with the communities in which we operate, seeking to enhance the local environs wherever possible. Through the Responsible Property Design strategy we can address sustainability risks and opportunities to help us anticipate and respond to changes in climate, energy price and supply.
Many leading investors clearly recognise the importance of responsibility and are focusing upon it. Investors and asset owners can achieve lower operating expenses, higher net operating incomes, improved tenant retention and satisfaction, and higher property values from responsible investment strategies such as energy conservation, water conservation, recycling, fair wages and benefits for janitors and other service workers, investing in urban regeneration, preserving parks and open space, tree planting, historic preservation, community engagement and development, good architectural and urban design, green buildings and green power purchasing, better corporate governance, transit oriented development, and maintaining safe premises.
Responsible Property Development can be implemented from the property planning, design, and development stages and continually practiced throughout the property project lifecycle, through the following examples:
- Developing properties designed with environmentally and socially positive attributes;
- Refurbishing properties to improve their environmental and social performance (e.g., energy efficiency, on site power generation, disability upgrades, natural light exploitation or other environmentally and socially responsible improvements);
- Managing properties in environmentally and socially beneficial ways (e.g., resource use benchmarking practices to improve performance, fair labour practices or simply using environmentally friendly and durables materials and products).