Whether you stand firmly for, or against, the growing political, business and social movements actively tackling global climate change, one fact is inescapable: Sustainability has taken centre stage of the world arena.

Five, or arguably as little as two years ago, few organisations in the property investment market placed climate change on their agenda. But fast forward to 2008 and the green landscape has become an increasingly crowded and confusing environment.

What does it all mean for investors, and why should they consider sustainability when investing in property? The simple answer is money — the universal language understood by investors across the globe.

A TOUGH TARGET

If you accept the basic premise that investors and their property fund managers are interested in the creation and sustenance of value, and that climate change will impact on future values by affecting yields, occupier demand and rental growth, then these issues will u