Graeme Newell, John MacFarlane and Roger Walker
Green office buildings have recently taken on increased significance in institutional property portfolios in Australia and globally. The key issue from an institutional investor…
Abstract
Purpose
Green office buildings have recently taken on increased significance in institutional property portfolios in Australia and globally. The key issue from an institutional investor perspective is the assessment of whether green office buildings add value. Using an extensive portfolio of green office buildings, the purpose of this paper is to empirically assess the level of energy rating premiums in the property performance of green office buildings in Australia.
Design/methodology/approach
Using a portfolio of over 200 green office buildings in Australia benchmarked against a comparable portfolio of non-green office buildings, the level of energy rating premiums in the property performance of green office buildings in Australia is empirically evaluated. Hedonic regression analysis is used to account for differences between specific office buildings and to explicitly identify the “pure” green effect in identifying the level of energy rating premiums in several commercial property performance characteristics (e.g. office value, rent).
Findings
The empirical results show the added-value premium of the 5-star National Australian Built Environment Rating Scheme (NABERS) energy rating scheme and the Green Star scheme in the property performance of green office buildings in Australia, including office values and rents. Energy rating premiums for green office buildings are evident at the top energy ratings and energy rating discounts at the lower energy ratings. The added-value “top-end” premium of the 5-star vs 4-star NABERS energy rating category is clearly identified for the various property performance parameters, including office values and rents.
Practical implications
This paper empirically determines the presence of energy rating premiums at the top energy ratings in the performance of green office buildings, as well as energy rating discounts at the lower energy ratings. This clearly highlights the added value dimension of energy efficiency in green office buildings and the need for the major office property investors to prioritise the highest energy rating to facilitate additional property performance premiums. This will also see green office buildings become the norm as the market benchmark rather than non-green office buildings.
Social implications
This paper highlights energy performance premiums for green office buildings. This fits into the context of sustainability in the property industry and the broader aspects of corporate social responsibility in the property industry.
Originality/value
This paper is the first published property research analysis on the detailed determination of energy rating premiums across the energy rating spectrum for green office buildings in Australia. Given the increased focus on energy efficiency and green office buildings, this research enables empirically validated and practical property investment decisions by office property investors regarding the importance of energy efficiency and green office buildings, and the priority to achieve the highest energy rating to maximise property performance premiums in office values and rents.
Details
Keywords
Briefly reviews the BS 5750 quality standard as applied to anorganization, emphasizing the importance of internal (departmental) aswell as external customers. Emphasizes also that…
Abstract
Briefly reviews the BS 5750 quality standard as applied to an organization, emphasizing the importance of internal (departmental) as well as external customers. Emphasizes also that it is absolutely vital to engage the services of an outside consultant in drawing up a plan, in order to save time and ensure conformance with the laid down standards. Highlights finally the all‐important truth that it behoves everyone in the organization to understand and be committed to quality.
Details
Keywords
The awareness of the environment, climate, and nature that emerged worldwide in the 1970s has paralleled the actions taken in the European Union (EU) under the United Nations. In…
Abstract
The awareness of the environment, climate, and nature that emerged worldwide in the 1970s has paralleled the actions taken in the European Union (EU) under the United Nations. In the EU, the environmental title was given a legal basis for the first time with the entry into force of the Single European Act, and action on the environment and climate change became the main priorities of the EU in all areas with the amendments in the founding treaties. This study examines environmental and climate policy in the EU and the process known as the green transition in the EU. The study consists of three sections. The first section discusses the environment and the development of climate change awareness in the world and the EU, while the second section underlines the EU's environmental and climate change approaches and policies. The third and final section highlights the development and green transition strategy adopted by the EU in 2019 and the “Green Deal” strategy paper. The study concludes that the “Green Deal” is at the heart of the so-called green transition process in the EU, that the goals sought by the Deal are very ambitious, that it is almost impossible to achieve the corresponding goals without an effective/coercive political mechanism, and that the EU is planning a green transition rather than a green transformation.
Details
Keywords
This paper aims to, using the example of the highly globalised shipping industry, shed light upon the practice of corporate social responsibility (CSR) and the extent to which it…
Abstract
Purpose
This paper aims to, using the example of the highly globalised shipping industry, shed light upon the practice of corporate social responsibility (CSR) and the extent to which it might be relied upon to fill international regulatory gaps.
Design/methodology/approach
The paper draws upon findings from a questionnaire study of shipboard accommodation.
Findings
The paper finds that seafarers’ welfare remains under-considered by many companies. It suggests that the consolidation of regulation pertaining to seafarer living conditions under the Maritime Labour Convention (MLC) has been timely. However, a priority for the international community should be to develop the relatively low standards currently required by existing regulation to provide for better standards of seafarer welfare across the global fleet.
Research limitations/implications
This evidence from the shipping industry challenges arguments for the normative basis for CSR and lends weight to those suggesting that the apparent exercise of CSR by multinational companies should broadly be understood as an exercise in public relations.
Social implications
The research points to the need for the MLC to be amended to raise the mandatory standards of shipboard accommodation in the merchant shipping industry.
Originality/value
The paper contributes unique data on seafarers’ living conditions and augments the body of knowledge concerning the exercise of CSR in global sectors.
Details
Keywords
This paper aims to use the results of a synthesis of six social science fellowships to explore how alternative framings of the climate justice debate can support fairer climate…
Abstract
Purpose
This paper aims to use the results of a synthesis of six social science fellowships to explore how alternative framings of the climate justice debate can support fairer climate policies.
Design/methodology/approach
The original fellowships drew on sociology, economics, geography, psychology and international relations. Cross-cutting themes of rights, risks and responsibilities were identified following a series of workshops. Results of these workshops were discussed in a number of policy fora. Analysis of the feedback from that fora is used to propose the case for a rights, risks and responsibilities approach to building a more accessible climate justice debate.
Findings
Existing climate policy unjustly displaces a) responsibility for emission reductions, b) risks from climate impacts and c) loss of rights. Foundational questions of acceptable risk have been ignored and a just climate policy requires procedurally just ways of revisiting this first-order question.
Research limitations/implications
The contribution a rights, risks and responsibilities framework can bring to a process of educating for climate stewardship is at this stage theoretical. It is only through trialling a rights, risks and responsibilities approach to climate justice debates with the relevant stakeholders that its true potential can be assessed.
Practical implications
Policy actors expressed strong resistance to the idea of overhauling current decision-making processes and policy frameworks. However, moving forward from this point with a more nuanced and tactical understanding of the dialectical relationship between rights, risks and responsibilities has the potential to improve those processes.
Social implications
Educating for climate stewardship will be more effective if it adopts an approach which seeks a co-production of knowledge. Beginning with the foundational question of what counts as an acceptable level of climate risk offers an inclusive entry point into the debate.
Originality/value
Reveals limits to public engagement with climate policy generated by a ‘justice’ framing.
Details
Keywords
Abstract
Details
Keywords
Catalin Popescu, Gabriela Oprea, Daniela Steluţa Uţă, Augustin Mitu and Alina Gabriela Brezoi
The European Union (EU) is providing a wide range of instruments to its members in implementing a green, resilient economy. These instruments are not designed only for governments…
Abstract
The European Union (EU) is providing a wide range of instruments to its members in implementing a green, resilient economy. These instruments are not designed only for governments and state representatives but also for small businesses and entrepreneurs. The ability of those two-targeted audiences to understand and adopt these instruments, as well as their way to react and profit from the EU-stated drives, determines one’s country capacity to absorb European funding and create economic growth. The present chapter proposes a presentation of the new European model for economic growth and of the advantages proposed with the European Green Deal, the European proposal to the world for a resilient, adaptable, and environmentally friendly economy.
Details
Keywords
Kevin Doyle and Brian H. Kleiner
Public sector management has never been overwhelmingly applauded for efficiency in operations; but in the last few decades accusations of mismanagement in the American federal…
Abstract
Public sector management has never been overwhelmingly applauded for efficiency in operations; but in the last few decades accusations of mismanagement in the American federal government have been common, particularly in the wake of the Grace Commission report and the Gramm‐Rudman Deficit Reduction Plan. The pressure is on government to streamline operations and become more “efficient”.
Chaham Alalouch, Peter Aspinall and Harry Smith
The purpose of this article is to explore preference for privacy among people with different demographic and cultural backgrounds. In particular the study aims to investigate the…
Abstract
Purpose
The purpose of this article is to explore preference for privacy among people with different demographic and cultural backgrounds. In particular the study aims to investigate the effect of age, gender, previous experience of space and cultural background on people's chosen spatial location for privacy in multi‐bed wards.
Design/methodology/approach
A group of 79 subjects were asked to complete a questionnaire on privacy and to select preferred and disliked locations on plans of hospital wards. Spatial data were provided by space syntax analysis (VGA). Possible subgroups in the data were investigated by tests of difference and latent class analysis applied to those spatial attributes which appeared to be relevant to people's preferences on locations for privacy.
Findings
The results show that privacy regulation encompasses universal and specific aspects across cultures, age, gender and previous experience of space. Specifically, the results suggest a universal preference for spatial location of privacy across culture, age and gender and a specific significant difference for spatial location of privacy as a result of previous spatial experience. In addition, the VGA integration measure was found to be a highly significant discriminator between preferred and disliked locations for privacy.
Research limitations/implications
There are two particular limitations requiring further study. First, the study investigated only one facet of privacy, i.e. spatial location. More investigation is required to explore the inter‐relationships between spatial location and other facets of privacy, primarily that of intervisibility. Second, only two broader cultures (European and Arabic) were considered.
Practical limitations
Ideally it would have been of benefit if a greater number of the people sampled had had direct experience of hospital wards.
Originality/value
At a general level the study supports the notion that there are universal and specific aspects to privacy. At a specific level the research links physical aspects of spatial location (i.e. visibility graph analysis measures) into this discussion.
Details
Keywords
This study aims to offer an original criterion of assessment for examiners of practice-based doctorates in contemporary arts practices, based upon the degree of intrigue…
Abstract
Purpose
This study aims to offer an original criterion of assessment for examiners of practice-based doctorates in contemporary arts practices, based upon the degree of intrigue, perceptual and conceptual, afforded by the research outputs. It is argued that intrigue is the necessary stimulus for the states of attention required for the recognition of fresh understanding and the acquisition of new knowledge from such outputs. The paper is intended to support doctoral students structuring theses for such research, those responsible for assessing proposals in university cross-disciplinary research committees with limited experience of practice-based research and the examiners of such research.
Design/methodology/approach
Acknowledging the several decades of work already published on practice-based research, this study adopts an aesthetic cognitivist position from which the visual arts are construed as powerful means of deepening our understanding, a source of non-propositional knowledge on a par with, although qualitatively different from, the way that the sciences are accepted as the means to propositional knowledge.
Findings
A case study demonstrates the efficacy of applying the proposed criterion in the assessment of practice-based doctoral research.
Social implications
Within the social context of academic research, the article strengthens the validation of practice-based research.
Originality/value
The terms perceptual intrigue and conceptual intrigue are coined as values implicit in aesthetic cognitivism; they are construed as the initial stimuli for the state of attentiveness required for fresh understanding, and the degree of balance between them is proposed as an original criterion for the assessment of practice-based research.