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Royal Institution of Chartered Surveyors (RICS)

RICS

As a globally recognized professional body, everything we do is designed to effect positive change in the built and natural environments.

Lobbying Activity

Response to EU taxonomy - Review of the environmental delegated act

5 Dec 2025

Please find our feedback attached.
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Response to Commercial real estate statistics

17 Jul 2025

RICS, the Royal Institution of Chartered Surveyors, strongly support this initiative. Reliable real estate data is foundational to well-informed decision-making, risk assessment, and the long-term stability of financial markets. We recommend keeping a dialogue with industry stakeholders to ensure that definitions and data collection methods remain aligned with market practices. Terms such as usable floor area are interpreted differently across Member States, research has shown that differences in the measurement of floor space can be as high as 24%. This variation impacts key indicators such as energy use per square metre, potentially leading to misleading cross-country comparisons. Without a consistent understanding, data comparability and reliability could be compromised. To produce reliable statistics across jurisdictions, it will be crucial to develop clear standardized definitions. The International Property Measurement Standard (IPMS) would complement existing national and European frameworks and provide a consistent basis for comparability between and within markets. Developed by a coalition of 90 professional and not-for-profit organisations worldwide, IPMS was specifically created to address the confusion and uncertainty caused by inconsistent property measurement practices in both real estate and financial markets.
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Meeting with Matthew Baldwin (Deputy Director-General Energy) and European Construction Industry Federation and

2 Jun 2025 · Housing, homelessness, social housing, sustainability, short term rental accommodations, construction

Response to 2040 Climate Target Plan

23 Jun 2023

The Royal Institution of Chartered Surveyors (RICS) is a global professional body promoting and enforcing high international standards in land, real estate, construction, and infrastructure. RICS is empowering surveyors to embed sustainability considerations into the way they work and better measure environmental impacts. Please find attached RICS' feedback.
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Response to Initiative on EU taxonomy - environmental objective

3 May 2023

The Royal Institution of Chartered Surveyors (RICS) is a global professional body promoting and enforcing high international standards in land, real estate, construction, and infrastructure. RICS is empowering surveyors to embed sustainability considerations into the way they work and better measure environmental impacts. RICS standards cover all aspects of buildings environmental performance, from embodied energy to operational performance. RICS has previously partnered with the European Commission on developing the Taxonomy, as a part of the EU Technical Expert Group on Sustainable Finance and chair of the sub-sectoral Taxonomy group on buildings. The built environment plays a key role in achieving the EU Green Deal, and the Taxonomy is an essential part of this road to net-zero. The objective of a circular economy is crucial for our industry, partly because other objectives such as water management and biodiversity are already included in the planning and design agenda of many developers and asset managers. While circularity remains a key challenge for the sector. Having a clearly defined set of criteria for sustainability remains one of our priorities to help many of our professionals such as facility managers and valuers to consider these in their daily work and during conversations with investors and financing institutions. Please find attached RICS' full feedback.
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