Updated May 2023. We're currently undertaking a short consultation process on the proposed operational performance rating requirements for this guide. Updates have been made to reflect new builds are expected to achieve operational green building certifications two years after completion, subject to availability of a operational performance benchmarks for the specific building types.
Further feedback can be sent to us via email at firstname.lastname@example.org. Please send your feedback through by Friday 16 June so we can collate, clarify and release a further update by the end of June 2023.
Guidance on grandfathering is also being developed and we expect to publish by end July 2023.
Thanks to all for your involvement so far.
The construction and operation of buildings is responsible for around 20% of our domestic emissions. The role of green finance in supporting the building and construction sector to meet Aotearoa New Zealand's targets for 2030 and 2050, and in doing so decarbonising our homes and buildings cannot be underestimated.
The Green Bond Principles are quite broad in terms of defining "Green Buildings". For this reason we've set out our view on green building certifications that can drive down carbon emissions towards the targets set by the Paris Agreement, COP26 and beyond.
"This document helps provide clarity to building developers, owners, occupiers and financiers on the requirements to meet Green Finance standards aligned to best practice, locally and internationally, on an ongoing basis. We believe the New Zealand Sustainable Finance market and, most importantly, the environmental, social and climate-friendly activities it supports, will continue to thrive thanks to the guidance the local Green Building certifications provide to all stakeholders.” Dean Spicer, Head of Sustainable Finance ANZ
Green building certifications support the measurement, reporting and tracking of a building's performance setting baselines, designing roadmaps for improvements, and supporting disclosure of climate related risks and environmental impacts. They also evidence the meeting of sustainable development goals and improving resilience to climate change.
Please contact us if you would like to talk further.