RICS Draft Update to the Global Red Book

Red Book Global Update 2022 - Proposed Changes

VPS 3 Reporting

2.2 (l) 3 In the case of assets or liabilities that are interests in real estate, attention is drawn to VPS 2 paragraph 1.5 and the fact that, wherever appropriate, the relevance and significance of sustainability and ESG matters should form an integral part of the valuation approach and reasoning supporting the reported figure.