Savills launches energy and sustainability management department

Savills Singapore has announced the launch of an Energy and Sustainability Management (ESM) department, as demand for green properties is increasing. Public recognition of sustainability and plans for net-zero carbon emissions put forward in Singapore’s Green Plan 2030 are the reasons for this surge in demand. The newly-launched department is set to provide energy and sustainability-related solutions to those in the real estate industry who are striving to reduce operational costs and embodied carbon.

Samuel Han, energy and sustainability lead of ESM at Savills, explained that while many asset owners, occupiers and real estate investors understand the urgency to create green properties, they may not know where to begin. “Our goal is to be their choice consultant to guide them to a greener space and help them meet their sustainability targets”, he said.

Sam Crispin, regional head of sustainability and ESG at Savills Hong Kong, noted that for many companies, it can be a challenge to embed sustainable practices when there are separate entities within the organisation. He suggested that education, leadership and a diplomatic approach are necessary to ensure compliance, as well as to secure the “buy-in” from different business units.

Crispin highlighted that landlords must consider introducing green leases, which can help with energy saving and waste reduction in collaboration with tenants. He stressed that in most parts of Asia, green leases may not be included in the legal documentation, but rather in voluntary arrangements between landlords and tenants. “A collaborative approach is important for both parties in meeting their ESG goals,” he explains.

Marcus Loo, CEO of Savills Singapore, believes that with the Senja Close EC ESM team on board, the company is now empowered with more capabilities, giving clients access to a full suite of services. “ESM is complementary to our other business lines, as asset owners across multiple asset classes are facing the challenge of reducing their carbon footprints and boosting the value of their assets in a world that is becoming increasingly eco-conscious,” Loo commented.