What are the biggest challenges facing both residential and commercial Real Estate businesses when it comes to sustainability, and how are Lloyds supporting their clients to overcome these?

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Property Week’s David Berman talks to Nicola Haigh, Head of Real Estate and Housing and Saad Malik, Sustainability Director from Lloyds to discuss some of the pressing concerns on their clients’ minds right now.

The topic of sustainable Real Estate is ever evolving, but with the legally binding net zero target set for 2050, businesses are being urged to act now to improve the energy efficiency of their buildings.

Nicola and Saad discuss the challenges faced by investors and developers – uncertainty around regulations, perceived split incentives, the high costs of retrofitting and tricky market conditions all being potential barriers.

Lloyds however, are providing support, tools and incentives to help clients who want to make changes now, including discounted lending for green projects. Nicola and Saad also discuss in detail the many benefits of making changes sooner rather than later.