As human health and wellness has become more mainstream within the real estate industry, tenants, developers, and property managers have grown more sophisticated and comprehensive in their approach for addressing it. Results from the 2018 GRESB Real Estate Assessment demonstrate how participation in the 2018 Health & Well-being module has grown significantly since its initial release in 2016. Over 75% of GRESB participants now have health and well-being policies that address both employee and tenant/customer health.
Like ESG sustainability in real estate,
which has evolved and matured to the point where greater importance is now being
placed on actual performance rather
than just predicted performance, health
and wellness outcomes are moving from the merely aspirational to the more tangible.
But how best do you evaluate the ongoing health and wellness performance of a
building or space?
One option is with environmental sensors
that can directly measure quantitative information of relevant indicators, such
as air quality, noise, thermal comfort and lighting levels. What this overlooks,
however, is how this data translates to human experience: Do people find
certain environmental conditions comfortable, healthy and productive? When? And
to what extent? To obtain such insight, one could make use of another type of low-tech
environmental sensor: people. This is where a “post-occupancy evaluation” (POE)
becomes particularly valuable.
One of the benefits of early participation in the GRESB Real Estate Assessment was that it helped real estate portfolios improve their environmental, social and governance (ESG) -related policies and management systems. As ESG policies and management systems have matured, real estate companies and funds that have been early adopters in reporting to GRESB have made continuous performance improvements. But which key performance indicators are most important? Up until now, energy has been the primary indicator for measuring the performance of green buildings and portfolios. More recently, however, another indicator has come to the forefront as the key indicator for measuring real estate sustainability performance: carbon.
In many cities, buildings are responsible for a majority of the city’s overall carbon emissions. For this reason, low-carbon buildings will be an essential component for the development of sustainable cities. Effectively reducing building emissions will require a combination of advancements in low-carbon energy systems technology and initiatives to reduce building-related energy use in both new and existing buildings. A building’s energy use is also a function of the operations-related management practices and the behavior of the people who use the building and it is estimated that about half of the world’s building stock in 2050 will consist of buildings that already exist today. Subsequently, improving the energy use patterns of existing infrastructure has the potential to play a major role in the advancement of low-carbon buildings.
Smart urban technology has the potential to transform our cities — but watch out for unintended consequences.
What would cities look like if they were built from scratch, from the internet up? This is the question being asked by Sidewalk Labs, the urban innovation unit of Google’s parent company Alphabet Inc. What’s emerging from this thought experiment is a new approach to city-building, one that sees urban districts as platforms for testing and refining technologies that improve quality of life. Sidewalk Labs’ mission, it claims, is not to create a city of the future, but to create the future of cities. Continue reading →
There is perhaps no scientific innovation more anticipated — or misunderstood — than artificial intelligence (A.I.). A.I. will transform every industry, from medicine to finance, from law to education, and from energy to agriculture. It holds the potential to bring unprecedented benefits to humanity, influencing how we will communicate, travel, learn, work, and live. It will fundamentally change how we see ourselves. It has the potential to help us solve some of our most enduring problems, from climate change to economic inequality.
A.I. isn’t without its risks, however. It seems increasingly likely that as long as we continue to make advances in A.I. we will one day build machines that possess intelligence far superior to our own. The concern is not that this “superintelligent” A.I. will become malevolent or evil, as is so often portrayed in pop culture and the media. Rather, the concern is that we will build machines that are so much more competent than we are that even the slightest divergence between their goals and our own could turn out to be disastrous. Even in the best-case scenario, where our interests and the interests of a superintelligent A.I. are aligned, we will still need to absorb the social and economic consequences. Continue reading →
Re What’s So Scary About Free Speech On Campus? (Nov. 14): I imagine that many of the so-called “social justice warriors” on college campuses would probably identify as left-leaning liberals, as I do on most issues. The irony, however, is that their reflexively irrational (and sometimes violent) opposition against anything they deem to be “offensive” demonstrates some of the most intolerant and illiberal behaviour possible.
Many of their arguments aren’t just intellectually dishonest – they’re corrosive to the very liberal values they think they’re defending.
Their illiberal ideas and behaviour perfectly demonstrate why we desperately need a new centre, one that defends secularism, science and free speech against their common enemies on both the left and the right.
Now, with Tropical Storm Ophelia developing into a hurricane, 2017 has become the first year since 1893 to have 10 Atlantic storms reach hurricane strength. The 2017 Atlantic hurricane season has been one of the most prolific on record — and the season doesn’t even finish until the end of November.
In September two earthquakes rocked Mexico City and surrounding areas in Central Mexico, killing hundreds and injuring thousands more. Dozens of buildings have collapsed, with countless more left uninhabitable due to structural damage and slated for demolition.
With these natural disasters come ecological destruction (or “ecological succession”, if you’re in a more positive frame of mind). It also hastens grief at the individual and societal scale. Life for many people in southeastern U.S., Caribbean islands, Central America and Mexico — including members of my own immediate family who live in Mexico City — has been upended, thrown into uncertainty and chaos for the foreseeable future.
The uncertainty and chaos that has enveloped what seems to be much of the world is not limited to just natural disasters. An anxiety, one that has an acutely contemporary quality to it, has also infected the political and societal landscape: Trump. Brexit. North Korea. Artificial intelligence. Islamic fundamentalism. Climate change. Identity politics. Neo-nazis. (You get the idea.)