PRESS RELEASE: FORE Partnership’s Basil Demeroutis joins UKGBC Board of Trustees
Basil has worked at the forefront of sustainable investment for two decades. A former partner at Capricorn Investment Group, one of the largest mission-aligned firms in the world, Basil founded FORE in 2012 based on the belief that creating low-carbon, socially impactful buildings can drive higher returns with lower risk.
His leadership at the sharp end of the ‘green economy’ through his experience in Silicon Valley, combined with his perspective across multiple industries and early training as an engineer, gives Basil special insights on how we can accelerate our transition to a low-carbon future within the property industry. He is a regular Property Week columnist, and frequent speaker at industry events on how to meet that challenge.
FORE is a Gold Leaf member of UKGBC and under Basil’s leadership the firm has committed to an ambitious target, endorsed by the World Green Building Council, to ensure its buildings are net zero carbon by 2025. The firm is also among a select group of UK real estate businesses to meet the rigorous social and environmental standards required to achieve B Corp certification.
Sunand Prasad, Chair of the Board of Trustees at UKGBC, said:
“I am thrilled to have Basil join UKGBC’s Board of Trustees. With his impressive track record in delivering low carbon and socially impactful real estate strategies, Basil brings over 20 years of responsible property investment experience to UKGBC’s Board.
The next few years are a critical juncture for our industry. Transformative change and investment will be vital to rolling out at scale the technologies and solutions needed to reach net zero by 2050 and to lessen the worst impacts of climate change. My fellow Trustees and I look forward to working with Basil closely over the coming months and years as we take on this challenge.”
Basil Demeroutis, Managing Partner of FORE Partnership, said:
“It is an honour to be appointed to UKGBC’s Board of Trustees and support its mission to radically improve the sustainability of the built environment. The scale of the opportunity – and challenge – is tremendous. With some 80% of the buildings that will exist in 2050 already built, the climate emergency demands that we no longer overlook the value inherent in existing assets. FORE has always believed that the most sustainable building is the one that already exists and so it will be a personal focus of mine to champion retrofit.”