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Frasers Property Australia has lauded the inclusion of its chief executive on the board of directors of the Green Building Council of Australia (GBCA).
In a statement revealing Anthony Boyd’s appointment, Frasers Property said that the GCBA and the group “have a long history of working together”.
Mr Boyd has shared that he is excited to get to work with the diverse board, which incorporates members from different areas of the industry — “with direct and indirect engagement in building and operating real estate”.
Reflecting on the diversity within the GBCA board, team, and membership organisations, the CEO said that it “provides the broad perspective necessary to make a meaningful contribution to a better, cleaner future”.
From Mr Boyd’s perspective, the biggest challenge for the built environment is now scalable change, which “will ideally be driven through access to affordable technologies, products and construction methodologies, which are crucial for raising the standards of future sustainable buildings”.
“Greater access will also enable the elevation of existing buildings to those same standards,” he continued.
He said: “The GBCA’s impact on the Australian built environment has been profound. By providing connections and facilitating knowledge sharing, the GBCA ensures innovations and initiatives from members are amplified and shared across a range of businesses quickly and effectively.
“This elevates minimum standards and collectively lifts the whole industry, especially given the willingness among members to be open and transparent in sharing ideas and practical applications for the greater good.”
Continuing, the CEO said that he “look[s] forward to progressing the great work of the current and previous directors so we can collectively raise the bar in sustainability in the built environment and enhance Australia’s position as a global leader in this space”.
Mr Boyd’s appointment announcement coincides with the release of a new JLL study, which has found that occupiers across major Asian cities are paying a rental premium of up to 28 per cent for green-certified office space.
That premium has been credited to the uneven supply-demand gap of green-certified versus non-green-certified buildings, with insufficient green-certified stock to meet commercial demand.
According to The Value of Sustainability: Evidence for a Green Premium in Asia, when location, building age, and amenity factors are held constant, assets with green credentials generate more occupier demand and achieve rental premiums.
JLL has argued that retrofitting buildings is “the quickest and most cost-effective way” to accelerate decarbonisation within the built environment — pointing out that “the greenest building is the one that already exists”.
ABOUT THE AUTHOR
Grace Ormsby
Grace is a journalist across Momentum property and investment brands. Grace joined Momentum Media in 2018, bringing with her a Bachelor of Laws and a Bachelor of Communication (Journalism) from the University of Newcastle. She’s passionate about delivering easy to digest information and content relevant to her key audiences and stakeholders.
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