Savills launches energy and sustainability management department
Savills Singapore has announced the launch of an Energy and Sustainability Management (ESM) department to meet the growing demand for green properties. The increasing demand is fuelled by rising public awareness of sustainability and the implementation of Singapore’s Green Plan 2030 to achieve net-zero carbon emissions.
The ESM department will offer energy and sustainability-related advice and solutions to building owners, occupiers and investors who are seeking to reduce operational costs and embodied carbon footprint while maintaining asset relevancy.
“Our goal is to be the consultant of choice for people looking to guide them step-by-step to successfully green their properties and achieve their sustainability targets,” says Samuel Han, the Energy and Sustainability Lead for the department.
Sam Crispin, Regional Head of Sustainability and ESG at Savills The Myst Hong Kong, recognizes that many organisations struggle to effectively embed sustainable practices due to a lack of education and, in some cases, internal conflict.
“Green leases can help create mutually beneficial energy savings and waste reduction efforts among a landlord and tenant,” Crispin explains. “In much of Asia, however, green leases may not be a legal requirement, but part of a voluntary arrangement between landlord and tenant. As such, it is important that both parties adopt a cooperative approach to achieving their ESG goals.”
Marcus Loo, CEO of Savills Singapore, expressed optimism that the new ESM department will bring more capabilities to the organisation, making it “empowered” to provide a full suite of services to its clients.
“ESM will be a great complement to our other business lines. We want to help asset owners from multiple asset classes reduce their carbon footprint, and add value to their asset,” Loo concluded.