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Article
Publication date: 7 August 2009

Gary Pivo

The purpose of this paper is to assess the availability of information in the USA for measuring the social and environmental performance of real estate portfolios.

1072

Abstract

Purpose

The purpose of this paper is to assess the availability of information in the USA for measuring the social and environmental performance of real estate portfolios.

Design/methodology/approach

A search is conducted for relevant indicator data sources using internet, library and government resources. Priority is placed on information that could be accessed on line, by any user, free of charge, from reputable sources, using available search parameters, for all types of properties and for any properties anywhere in the USA. Useful sources are identified and assessed using data quality indicators. Information gaps are also identified. A previously published method is adapted for comparing the social and environmental performance of properties and portfolios and data collected from identified sources are used to illustrate the construction of indices useful for making comparisons.

Findings

Nationwide data sources are available for most important dimensions with greater availability for the most important ones. There are, however, important data gaps related to such issues as water use, day light and ventilation, aesthetics and others. Most sources only require a property address for queries but do not support batch processing. There are no data quality problems for most data sources but a substantial minority of the sources does have at least one data quality issue. Available data can be used to construct indices useful for comparing properties and portfolios.

Practical implications

Fund managers can use these results to compile extra‐financial information on sustainability and corporate social responsibility and socially responsible investors can use them to evaluate investment opportunities.

Originality/value

This is the first effort to identify and assess data sources needed for creating responsible and sustainable metrics and indices and responds to demand for better metrics in the field of sustainable and responsible property investing.

Details

Journal of Property Investment & Finance, vol. 27 no. 5
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 26 September 2008

Gary Pivo and UN Environment Programme Finance Initiative Property Working Group

This paper seeks to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social, and governance (ESG) issues…

8151

Abstract

Purpose

This paper seeks to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social, and governance (ESG) issues impact the current value and prospective investment performance of the assets they own and manage.

Design/methodology/approach

The issues and literature related to ESG issues in property investing are reviewed and examples of what industry leaders are doing to address these issues are collected and reported.

Findings

Property investors can realize greater returns on their investments through considering and acting on a range of social and environmental issues. Lenders, owners, fund managers, asset and property managers, and developers can all incorporate RPI strategies into their own activities. RPI strategies can be categorized into ten elements covering environmental, social and community issues. There are two types of financially sound RPI strategies: no cost and value added approaches. More research needs to be carried out to understand the economic impacts of some strategies.

Originality/value

Sustainability and corporate social responsibility are major and growing issues for property investors. The study demonstrates a successful example of how fund and asset managers are responding to these issues which can be considered by other managers in their own strategic planning.

Details

Journal of Property Investment & Finance, vol. 26 no. 6
Type: Research Article
ISSN: 1463-578X

Keywords

Available. Content available
Article
Publication date: 7 August 2009

Claire Roberts

1225

Abstract

Details

Journal of Property Investment & Finance, vol. 27 no. 5
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 1 June 1999

Abdul Khakee

In order to implement the sustainable development principles of Agenda 21 some municipalities in Sweden have developed scenarios for sustainable local societies. These scenarios…

1720

Abstract

In order to implement the sustainable development principles of Agenda 21 some municipalities in Sweden have developed scenarios for sustainable local societies. These scenarios differ from the two previous generations of scenarios in the sense that they require the participation of citizens in their preparation and implementation. This article discusses the premises of the three generations of scenarios: expert, hybrids and participatory. It describes the efforts to prepare a participatory scenario by the municipal government of Orebro (Sweden) in order to provide guidelines for a sustainable society. The article also discusses a method for preparing such a scenario.

Details

Foresight, vol. 1 no. 3
Type: Research Article
ISSN: 1463-6689

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