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Book part
Publication date: 6 November 2012

Mark Hinnells and Isobel O’Neil

Purpose – The UK energy market is in a period of significant transition, with a target of cutting carbon emissions by at least 80% by 2050. There is widespread agreement that the…

Abstract

Purpose – The UK energy market is in a period of significant transition, with a target of cutting carbon emissions by at least 80% by 2050. There is widespread agreement that the current policy landscape needs to change if this ambitious target is to be achieved. However, the current business structure also requires a radical overhaul. This chapter explores the new business models that are being introduced to serve commercial and domestic customers.

Methodology/approach – This chapter presents a case study of the UK energy sector that draws on the first author's active engagement in the UK's energy market and thus participant observation. The discussion is framed around relevant material from the entrepreneurship and innovation literatures, with a particular focus on entrepreneurial opportunities created by policy.

Findings – In a rapidly changing policy environment, new ideas, technologies and business models are emerging. A range of new business models evident in the market are explored. These include new forms of service delivery, market-making models and finance models.

Social implications – The chapter highlights the importance of entrepreneurship and innovation in the delivery of a low-carbon economy. It also explores the role of policymakers in promoting more environmentally sustainable approaches in this industry sector.

Originality/value of chapter – The chapter presents a novel, industry-specific case study. It contributes to extant knowledge on sustainable business through its focus on the complex interaction of policy and entrepreneurship as well as some of the business models required for the transition to a low-carbon future.

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Social and Sustainable Enterprise: Changing the Nature of Business
Type: Book
ISBN: 978-1-78190-254-7

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Article
Publication date: 26 September 2008

Mark Hinnells, Susan Bright, Angela Langley, Lloyd Woodford, Pernille Schiellerup and Tatiana Bosteels

This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the…

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Abstract

Purpose

This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the commercial building stock.

Design/methodology/approach

In many countries, including the UK, environmental policy (particularly on carbon dioxide emissions from energy use) is beginning to impact on the commercial property market. This paper explores barriers to improved performance, two models for greening leases (a light green and dark green approach) based on work by the authors from Cardiff University and the Australian government, as well as how tenanted buildings can be managed “more greenly”. It then explores how green leases may penetrate the market.

Findings

The conventional relationship between the landlord (as building owner) and tenant (as occupier) largely neglects environmental considerations. However, change may be rapid, disruptive and challenging.

Originality/value

The paper lays out some of the issues, solutions, and pathways for the commercial property industry.

Details

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

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Available. Content available
Book part
Publication date: 6 November 2012

Abstract

Details

Social and Sustainable Enterprise: Changing the Nature of Business
Type: Book
ISBN: 978-1-78190-254-7

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Article
Publication date: 6 November 2018

Dave Collins

This paper aims to identify the state of the art in Green Leases and Green Leasing in theory and practice, while also identifying how the roles and motivations of the stakeholders…

1340

Abstract

Purpose

This paper aims to identify the state of the art in Green Leases and Green Leasing in theory and practice, while also identifying how the roles and motivations of the stakeholders of “owner/landlord”, “lessee” and “facilities management” are different in a building that uses Green Leasing and Green Leases, as opposed to the one without.

Design/methodology/approach

Through existing literature and existing case studies from 1995 to the present day, this paper will identify the state of the art of Green Leases and Green Leasing and the extent to which literature-based discussions have played out in their practical application in the real estate sector. The roles of key stakeholders will be analysed and then compared to the interactions and roles identified in a theoretical model that describes the same stakeholders but from a more traditional stakeholder perspective. This will be achieved through using literature from journal papers mostly from the disciplines of built environment, facilities management, finance, investment, law, management and real estate.

Findings

The literature and case studies found in literature demonstrate a gradual move towards advancing Green Lease adoption and development. While the roles of key stakeholders do see a change in Green Leased buildings in terms of, for example, changing competencies for facilities managers (FMs) and more user engagement with their buildings sustainability, the literature indicated most of the changes are realised through a strengthening of existing interactions already evident in buildings without a Green Lease or Green Leasing.

Originality/value

This paper provides a state of the art review on the development of Green Leasing and Green Leases in theory and practice from a stakeholder perspective. It provides possibility to expand further on the changing roles of these stakeholders in Green buildings, which in turn could also positively affect the further development of Green Leases themselves, as well as sustainable certification methodologies such as Europe’s leading certification “Building Research Establishment Environmental Assessment Method” (BREEAM).

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Article
Publication date: 1 May 1932

The manufacturer who produces superior products is continually being confronted with the problem of how he can carry conviction to potential purchasers as to the superior quality…

18

Abstract

The manufacturer who produces superior products is continually being confronted with the problem of how he can carry conviction to potential purchasers as to the superior quality of his products—a problem which is becoming increasingly difficult. In the present day something stronger than personal asseverations by a firm is required, in order to carry conviction, and independent scientific corroboration as to the quality of a product affords the only solution. The System of Independent Analytical Control and Approval was first started in this country many years ago by the British Analytical Control, Ltd., and the Gold Seal of Approval issued by the British Analytical Control is intended to afford authentic independent evidence in regard to the quality of a product, since it indicates that any product to which it has been affixed is Approved and periodically examined by an independent Scientific Staff consisting of well‐known Public Analysts. The System enables manufacturers and vendors of pure and high‐class products to submit those products to scientific examination, permanently applied, and carried out by an independent Consulting Scientific Staff of the highest standing. The approved products are thus placed before the public with authentic testimony as to their quality. A firm desiring to place an article with the British Analytical Control, Ltd., submits three samples of the article for scientific examination. The samples must be submitted in the unopened original packages, which must be properly labelled and securely sealed. If the results of the scientific examinations show that the composition and characters of the article are such as to justify the conclusion that it is pure, genuine and good in the strictest sense of those terms, the article is approved. A Diploma of Approval is issued upon those products or articles which are approved by the British Analytical Control, and the manufacturers or proprietors of such articles are entitled to use the Gold Seal, Official Label and Certificate of the British Analytical Control in connection with the products so approved. The officers of the British Analytical Control, Ltd., at irregular intervals procure samples of the articles upon which a certificate of approval has been issued, for scientific examination and for the purpose of comparison with the original samples.

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British Food Journal, vol. 34 no. 5
Type: Research Article
ISSN: 0007-070X

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Article
Publication date: 8 April 2014

Susan Bright and Hannah Dixie

– This paper aims to report on research that investigates the use of green clauses in leases of office and retail premises in England and Wales.

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Abstract

Purpose

This paper aims to report on research that investigates the use of green clauses in leases of office and retail premises in England and Wales.

Design/methodology/approach

The authors examined 26 recent leases of green build properties registered at HM Land Registry. The green clauses discovered were classified and compared with the model form green clauses promoted by the London-based Better Building Partnership's Green Lease Toolkit.

Findings

Of the 26 leases analysed, 18 contained some form of green provision.

Research limitations/implications

As the sample selected was not representative, a larger study is needed to detect trends in green leasing. This research method does not show the impact of green clauses on property management.

Practical implications

This research illustrates the types of clauses that have been used in leases but also shows that green leasing principles are not yet the industry standard. Many new, long leases still make no reference to environmental practices.

Originality/value

This is the first research to be done examining the green content of agreed leases and develops a methodology that can be used for future research.

Details

International Journal of Law in the Built Environment, vol. 6 no. 1/2
Type: Research Article
ISSN: 1756-1450

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Article
Publication date: 1 July 2006

John S. Hill

China has become a driving force in the world economy, yet East‐West cultural differences remain a problem area for many managers. This paper examines the importance of…

2258

Abstract

China has become a driving force in the world economy, yet East‐West cultural differences remain a problem area for many managers. This paper examines the importance of Confucianism in shaping societal values in China and how these values have affected the Chinese style of management. Confucian principles are extracted from the extant literature and used to explain the cultural underpinnings of Chinese leadership patterns, interpersonal behaviors and individual values. The longevity of Confucian influences throughout Chinese culture is a major factor in China’s resistance to Western management practices. There is also evidence that mainstream Confucian principles emphasizing teamwork, relationships and strong corporate cultures are gaining traction in the West. Future Western researchers should pay increased attention to East Asian philosophies and Asian‐based religions in their attempts to understand non‐Christian lifestyles and management methods.

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Journal of Asia Business Studies, vol. 1 no. 1
Type: Research Article
ISSN: 1558-7894

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Article
Publication date: 1 May 1994

Eric Sandelands

This special “Anbar Abstracts” issue of the Marketing Intelligence & Planning is split into nine sections covering abstracts under the following headings: Business Strategy;…

164

Abstract

This special “Anbar Abstracts” issue of the Marketing Intelligence & Planning is split into nine sections covering abstracts under the following headings: Business Strategy; Marketing Strategy; Customer Service; Sales Management; Promotion; Marketing Research/Customer Behaviour; Product Management; Logistics and Distribution; Sundry.

Details

Marketing Intelligence & Planning, vol. 12 no. 5
Type: Research Article
ISSN: 0263-4503

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Article
Publication date: 1 May 2020

Sarah Louise Sayce and Syeda Marjia Hossain

The paper investigates the initial impacts on asset management and valuation practice of the Minimum Energy Efficiency Standard (MEES) introduced in England and Wales from April…

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Abstract

Purpose

The paper investigates the initial impacts on asset management and valuation practice of the Minimum Energy Efficiency Standard (MEES) introduced in England and Wales from April 2018 for new lettings.

Design/methodology/approach

The paper reports findings from a small-scale pilot study of valuers, asset managers, lawyers and building consultants. Interviews were conducted over the summer of 2019 and explored the impact on practice and market values and perceived links to the carbon reduction agenda. Data were analysed thematically manually and using NVivo software.

Findings

Participants welcomed MEES but many had doubts about the use of energy performance certificates (EPCs) as the appropriate baseline measure. Compliance was perceived as too easy; further, enforcement is not occurring. Vanguard investors have aligned portfolios for carbon reduction; others have not. Lease practices are changing with landlords seeking greater control over tenant behaviours. Valuers reported that whilst MEES consideration is embedded in due diligence processes, there is limited value impact.

Research limitations/implications

The study is limited by its small-scale and that the MEES regulations are not yet fully implemented. However, the research provides early findings and lays out recommendations for future research by identifying areas in which the regulations are/are not proving effective to date.

Practical implications

The findings will inform investors, consultants and policy makers.

Social implications

Achieving energy efficiency in buildings is critical to driving down carbon emission; it also has economic and social benefits through cost savings and reducing fuel poverty.

Originality/value

Believed to be the first post-implementation qualitative study of MEES.

Details

Journal of Property Investment & Finance, vol. 38 no. 5
Type: Research Article
ISSN: 1463-578X

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Article
Publication date: 10 March 2025

Ain Farhana Jamaludin, Mohd Fariz Helmi Husain and Muhammad Najib Razali

This study aims to examine the integration of environmental, social and governance (ESG) considerations in Malaysian public-listed property companies, focusing on how these…

5

Abstract

Purpose

This study aims to examine the integration of environmental, social and governance (ESG) considerations in Malaysian public-listed property companies, focusing on how these entities incorporate sustainable practices into their operations. The research evaluates the extent of ESG adoption and its implications for the sector’s competitiveness and sustainability.

Design/methodology/approach

The study employs an ESG matrix derived from existing literature to systematically evaluate companies’ adherence to ESG principles. Variations in implementation across the sector are highlighted, providing insights into the challenges and opportunities of ESG integration.

Findings

The results reveal that while some companies demonstrate strong ESG performance, others encounter barriers such as high costs and limited awareness. Additionally, the study identifies the impact of ESG integration on corporate governance and financial performance, influenced by regulatory pressures, investor demands and global sustainability objectives.

Originality/value

The findings emphasise the growing importance of ESG frameworks in driving long-term competitiveness within the Malaysian property sector. The research calls for enhanced governance structures and greater transparency in ESG reporting to address existing gaps and align with global sustainability trends.

Details

Property Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0263-7472

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