February 12, 2007

Valuation Summit will seek to assign economic value to sustainability

The words "sustainable," "green," and "eco-friendly" are being used to describe a number of products, services, and many major construction projects. What exactly do they mean? More importantly to investors, shareholders, and the consuming public, what is the true economic value of such a designation? On March 2, 2007, the Vancouver Valuation Summit will open the first formal discussion on the "value of sustainability."

Vancouver Valuation Summit 2007 will bring together senior representatives of the most influential bodies responsible for valuation standards with internationally recognized leaders and policy makers in the sustainability and development arenas. Heads of the world's Green Building Councils, top level surveyors and appraisers, and government and industry officials will discuss and devise standards for valuing sustainability in business practices.

The conference discussions will launch the "Vancouver Accord," an initiative that will embed sustainability in valuation standards and practice around the world. It will, for the first time, give the business and financial sector the ability to place a hard, tangible value on sustainability. The Accord will commit its signatories to:

* review how sustainability relates to the practice and standards of valuation;

* work with stakeholders to promote awareness of, and competency in, the appropriate methods of addressing sustainability in valuations and worth appraisals;

* work with those within and outside the valuation professions worldwide, to educate and inform about sustainability and its relationship to value and worth; and

* report regularly on progress toward these objectives, through an agreed secretariat set up to do so, with the goal of presenting a full report on progress at Globe 2010 in Vancouver.

The Vancouver Valuation Summit will be held at the Westin Bayshore Hotel and Conference Centre in Vancouver. More information is available on the conference Web site, www.vancouveraccord.org

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