2 Cavendish Square - EPC improvement in historical building

Tuesday, September 1, 2015

Purpose of the project

Improving the overall sustainability performance of this historical building.

Approach

A historical building in the centre of London, over successive years of active management, preventive maintenance and floor-by-floor refurbishment we have delivered continuous improvement on environmental performance. Through dynamic EPC modelling and focused scenario analysis of potential energy efficiency improvements we have raised the EPC levels from originally a whole building rated G in 2008 to floor by floor ratings up to C and D ratings in 2014. Improvements were identified through more precise assessment of the building characteristics and dynamic modelling. They include boiler and chiller improvements, variable speed pumps, efficient and LED (Light emitting diode) lighting replacement.

Results

EPC levels increased from originally a whole building rated G in 2008 to floor by floor ratings up to C and D ratings in 2014. Continuous improvements in operational performance aligned with Hermes targets.

 

‘Regulatory risk management is a crucial element of responsible investment. At the portfolio level, the first step required within the integration process is the assessment and understanding of sustainability regulatory and market risks and then subsequently to ensure that the management of these risks becomes part of the standard investment processes. At Hermes Real Estate we use the outcome of the risk assessment process to inform the portfolio investment strategy which is then integrated into our standard clients reporting."