The Royal Institution of Chartered Surveyors (RICS) has released a new edition of its Global Red Book, which features several crucial updates on AI use in valuation and the mandatory implementation of ESG principles.

Further action is needed to meet national and global climate goals, while high costs of green practices has been cited as a barrier to sustainable building, finds the 2024 Sustainability Report of The Royal Institution of Chartered Surveyors (RICS).

Tina Paillet, President of RICS, talked to Property Forum at Mipim about the real estate industry's crucial role in addressing climate change. She highlighted the sector's significant environmental impact and emphasized the need for the industry to become a force for good.

The World Green Building Council (WorldGBC), the coalition representing over 5,000 organizations from across the building value chain, has asked Members of the European Parliament (MEPs) to back amendments to the Energy Performance of Building Directive (EPBD) designed to accelerate building renovation and to address total lifecycle emissions of buildings.