Upcoming ESG Module

As part of our commitment to ensuring that our members remain at the forefront of property valuation and consultancy practices, the Australian Property Institute (API) is pleased to announce an upcoming training module. This module is designed specifically to address the practicalities of reporting and sourcing evidence of Environmental, Social, and Governance (ESG) factors in line with the upcoming changes to the International Valuation Standards (IVS), which will take effect on 31 January 2025.

Why is this Training Essential?

The updated IVS introduces explicit requirements for incorporating ESG factors in property valuations, underscoring the growing importance of these criteria in modern valuation practices. The changes will impact several key sections of the IVS, including IVS 104, which now requires valuers to integrate relevant ESG considerations as part of the data and inputs.

For members, understanding how to practically apply these requirements is crucial. From sourcing reliable evidence to effectively reporting ESG factors in valuation documents, the upcoming training modules will provide essential guidance, ensuring compliance with the revised standards and aligning your work with international best practices.

Training Module Highlights

The upcoming training module will cover:

• Understanding ESG in Property Valuation: A breakdown of how ESG factors affect property value and the types of factors that should be considered across different asset types.
• Practicalities of Reporting ESG Factors: Step-by-step guidance on documenting and reporting ESG factors within your valuation reports to meet the new IVS standards.
• Sourcing and Validating ESG Evidence: Tools and strategies for sourcing credible evidence on ESG factors, including data on environmental impacts, social considerations, and governance metrics.
• Case Studies and Examples: Real-world applications and case studies that demonstrate how ESG factors have been considered in recent valuations.

Who Should Do the Module?

The module is highly recommended for all API members involved in property valuation, particularly those who work with clients who are increasingly prioritising ESG factors in their decision-making. This training is also relevant for professionals who wish to gain a deeper understanding of the integration of ESG in valuation practice and the compliance requirements set by the revised IVS.

Schedule and Registration

The training modules will be offered online to accommodate all members and will be available in December 2024, leading up to the implementation date of the new IVS.

Stay Ahead of the Change

This is a unique opportunity to prepare yourself and your practice for the future of property valuation. By completing this module, you will not only ensure compliance with the latest IVS requirements but also gain valuable skills in integrating ESG considerations into your valuations, which are increasingly sought after by clients and stakeholders.

Should you have any questions or need further information, please do not hesitate to contact our team at [email protected].

We look forward to supporting you in navigating these important changes to valuation standards and helping you lead the way in responsible and forward-thinking valuation practices.

Register your interest via the form below.