Breana Wheeler, director of U.S. operations at BREEAM, joined the REIT Report to discuss the evolving landscape of sustainability in real estate, including how investor expectations are shifting to performance-based frameworks that emphasize data and measurable outcomes.
BREEAM is a Nareit Real Estate Sustainability Partner for 2026.
Wheeler noted that capital providers and investors “are really looking for the data and performance that can validate the claims being made about sustainability risk and opportunity.” BREEAM’s focus on carbon emissions and resilience metrics is highlighted as a critical factor in asset valuation and risk management, particularly in light of increasing regulations and climate risks.
Wheeler emphasized that resilience isn't about a single building. “True resilience is a team sport. It's not just thinking about your asset, it's about your block, your neighborhood, and your broader community. The willingness to tackle physical risk and mitigate at the community level is critical,” she said.
Meanwhile, Wheeler commented on the implications of climate resilience on tenant stability and capital planning, namely how businesses that can maintain operations during extreme events are more likely to succeed. She also noted that the real estate sector must adapt to the unique challenges posed by high-growth sectors like data centers, which are significantly impacting energy management and resource allocation. The role of globally recognized standards like BREEAM in fostering trust and transparency in cross-border capital flows was another key theme that Wheeler raised.