ESG and sustainability in commercial property valuation

This global professional standard provides a practical framework for considering significant sustainability and ESG factors in commercial property valuation..

The standard:

• Supports the application of updated RICS Valuation – Global Standards (Red Book Global Standards) and International Valuation Standards (IVS) (both effective from 31 January 2025), including cross referencing mandatory and best practice ESG requirements, placing them in the context of commercial property valuation.
• Confirms RICS requirements and recommendations around the appropriate consideration and application of ESG related cost information in commercial property valuation
• Sets out the differences between valuation and strategic ESG risk advice
• For the first time includes jurisdictional coverage, covering external legal and regulatory matters relevant to the UK, EU and Australia.
• Includes housekeeping updates from the 3rd edition (effective 31 January 2022) to reflect latest practice (e.g. revised definitions, consideration of ESG related income and efficiencies in commercial property and valuation, development of global Key Performance Indicators (KPIs)).

It is effective from 30 April 2026.