Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Savills plc    SVS   GB00B135BJ46

SAVILLS PLC

(SVS)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Savills: Corporate ESG strategy rises in importance for Operational Residential Sector

12/01/2020 | 04:43am EST

The international real estate advisor found that ESG strategy has become 'more important' or 'significantly more important' in the last five years for 85% of survey respondents which included 50 investors, developers and operations people from across all residential investment classes.

The survey goes on to show that just 10% of respondents said that their company ESG strategy has stayed the same or become less important over the last 12 months, despite the effects of Covid-19, which had the potential to stall any progress being made. Instead, it appears to have strengthened the majority of companies commitments. This is evident in the results showing that 40% of respondents indicating that their companies have committed to a net-zero strategy.

Sophie Chick, Director, World Research, Savills, commented: 'Our survey findings indicate that sentiment towards ESG strategies has remained incredibly resilient this year and continues on an upward trajectory. This demonstrates how attitudes towards the role real estate has to play in the current climate crisis, are really shifting for the better.'


Rising demand
Demand for sustainable buildings is rising on all fronts and the survey indicates that the largest source of demand for green buildings is coming from investors, followed by demand from their own company. Respondents indicated that this rise in demand comes from a dive for sustainability certifications, a need to reduce resources as well as increased corporate commitments to sustainability.

Marcus Roberts, Head of European Investment and Development, Operational Capital Markets, Savills, commented: 'Savills survey indicates that investors are the largest group clearly driving requirements for greener buildings, with people from within the company and shareholders coming in closer behind. That said, we all have a responsibility and a role to play when it comes to ESG in order to futureproof for generations to come.'

The responses from the survey with regards to this were split; respondents stating they expect to be able to charge a 'green premium' accounted for 44%. However the degree of premium they are expecting is moderate, with 87% of respondents expecting not be able to add any more than 10% on top of existing values.

Marcus Roberts added: 'Whether this premium is something that starts to play out is a trend that is still in its infancy and there may well be a time when we see funds paying a premium for ESG assets in the future, or even achieving discounts for those that do not reach certain thresholds. Nevertheless, with a growing number of funds that focus specifically on sustainable assets or those with a positive ESG impact, we can expect to see investor appetite become more targeted with regards to properties with such credentials.'

Build a better building
Increasingly, buildings are being designed, constructed and refurbished to a certified sustainability standard and 80% of respondents indicated that at least one building in their portfolio met with such a standard. An even higher proportion, nearly 90%, plan to do so in the future.

Better, more sustainable buildings, can offer different features to boost their green and social cohesion credentials which often have the added bonus of boosting user experience and lowering costs in the long term.

Disclaimer

Savills plc published this content on 01 December 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 December 2020 09:42:02 UTC


© Publicnow 2020
All news about SAVILLS PLC
01/22SAVILLS : London £5m+ home sales count strongest for 5 years as 2020 ends on a h..
PU
01/22SAVILLS : Great Places Housing Group completes successful £70m retained bond iss..
PU
01/22SAVILLS : 6 of the Best...Regency homes
PU
01/21ENERGY PERFORMANCE CERTIFICATES : a guide for landlords and tenants
PU
01/21SAVILLS : Farmland supply remains at a record low, but encouraging market activi..
PU
01/21SAVILLS : The outlook for central London investment in 2021
PU
01/20SAVILLS : Is the role of the retail agent changing to 'curator of mixed places'?
PU
01/20SAVILLS : UK real estate fundamentals remain strong, despite macro uncertainty
PU
01/20SAVILLS : Impact of Standard Method approach on the West Midlands local plan pro..
PU
01/20SAVILLS : Retail rightsizing and repurposing becomes crucial as vacancy rates re..
PU
More news
Financials
Sales 2020 1 781 M 2 437 M 2 437 M
Net income 2020 56,8 M 77,8 M 77,8 M
Net cash 2020 31,5 M 43,0 M 43,0 M
P/E ratio 2020 26,4x
Yield 2020 1,17%
Capitalization 1 457 M 1 991 M 1 994 M
EV / Sales 2020 0,80x
EV / Sales 2021 0,75x
Nbr of Employees 39 580
Free-Float 93,0%
Chart SAVILLS PLC
Duration : Period :
Savills plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends SAVILLS PLC
Short TermMid-TermLong Term
TrendsBullishBullishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 958,33 GBX
Last Close Price 1 063,00 GBX
Spread / Highest target -1,22%
Spread / Average Target -9,85%
Spread / Lowest Target -20,0%
EPS Revisions
Managers and Directors
NameTitle
John Jeremy Mark Ridley Group Chief Executive Officer & Director
Nicholas Ferguson Non-Executive Chairman
Simon James Blouet Shaw Group Chief Financial Officer & Executive Director
Rupert Hugo Wynne Robson Independent Non- Executive Director
Stacey Lee Cartwright Senior Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
SAVILLS PLC11.37%1 991
ZILLOW GROUP, INC.11.85%34 344
CBRE GROUP, INC.5.26%21 638
JONES LANG LASALLE INCORPORATED4.02%8 203
EXP WORLD HOLDINGS, INC.63.05%7 199
A-LIVING SERVICES CO., LTD.6.10%6 278