RICS CEO to Address Sustainable Valuation Concerns at Globe 2010 in Vancouver March 25

03/16/2010 14:42

New York – March 16, 2010 – The green economy and green buildings are portrayed as providing opportunities for economic development – but how do they affect value? Since not everything that is green turns into gold, and as industry adapts to a changing economy, the need to identify how value is affected by sustainability is creating finance, audit, accounting and appraisal challenges. Come hear RICS CEO Louis Armstrong report on international attempts to link sustainability and value at a breakfast panel hosted by the Vancouver Board of Trade. In March 2007 representatives and professions from 20 countries signed the Vancouver Valuation Accord and agreed to work on an improved understanding of the linkage between sustainability and value. As a follow up to that accord, a breakfast and a workshop series have been organized for Thursday, March 25, in the Vancouver Convention Centre: A breakfast forum with the Vancouver Board of Trade, including standards, best practices and summary case studies, followed by an executive panel discussing the linkage between value, sustainability and the green economy. Cost is $59 plus tax for both Board of Trade members and non members. Please us the promo code “GLOBE” in the comments box when registering. To register, please click on: http://bit.ly/aJPdbV A workshop on sustainability and value within GLOBE 2010 covering case studies, international practices and standards, owners', lenders' and occupiers' experiences of going green. International panelists will present global research, experience, information and standards to help find and calculate the value of sustainable features. Making green pay in the real world 10:30 a.m. to 12 noon How sustainability can yield profit and play an increasingly important role in decisions; the perspectives of banks and pension funds and their experiences to date; experiences of investors, developers and occupiers and valuers; the benefit to occupiers and how this translates to value. Sustainability and value: the current state of play 1:30 to 3:00 p.m. Implications for valuation standards and best practices; international rating and assessment systems; presentation of case studies and the latest information on links between sustainability and value. Implementing sustainability for profit; impacts on management and value 3:30 to 5:00 p.m. Investment and management perspectives; improving government’s sustainable value and using green approaches as a tax reduction strategy; sustainable retrofit and the landlord/tenant relationship. Workshop benefits include: Identify how differences between current market and future worth will affect your reporting Recognize differences/similarities between the standards and best practices Master sustainable valuation and appraisal by assessing green value Understand and explain the impact on both internal and external stakeholders Who should attend: Everyone with responsibility for creating or analyzing asset value material: CEOs, CFOs, directors of finance, treasurers, controllers, government staff & elected officials, appraisers and valuers, accountants, auditors, planners and analysts, investors and legal counsel, managers, realtors and brokers. The Registration fee for the workshop at GLOBE 2010 is $595 plus tax. To register, please click on: http://bit.ly/coBhMS About RICS & RICS Americas RICS (Royal Institution of Chartered Surveyors), with headquarters in London, is the leading organization of its kind in the world for more than 100,000 professionals in property, land, construction and related environmental issues. RICS Americas, based in New York and covering North, Central and South America and the Caribbean, has more than 2,000 members in commercial and residential development, construction and project management, brokerage, planning and finance, valuation and fine arts appraisal. For further information visit www.ricsamericas.org or e-mail ricsamericas@rics.org.