Abstract. The global warming issue has motivated corporations to go green in their business operations including transforming from conventional real estate to green features real estate. However green CRE is more complex to manage due to a building's significant impact on environmental, social and economic aspects. Thus the need to have a best practice guide or framework as reference is crucial. Unfortunately, no best practice guidelines on CRE management have been found to be sufficient as much uncertainty still exists on the sustainable performance measurement components. This research aims to explore and then summarize the present sustainable CREM practices and components relating to sustainable performance measurement integrating a sustainable theory that balances environmental, economic and social impacts. These act as indicators to measure the outcomes of the practice in the form of a generic model on sustainability preliminary framework for CRESM. The objectives of this research include identifying corporate real estate sustainable management (CRESM) practice and components of sustainable performance measurement. The research uses content analysis method to analyse data gathered from literature and previous studies. The findings will be demonstrated in the form of a framework model on CRESM that will include14 CREM strategies and 15 components derived from analysis.
The building industry is an important contributing element to the economy of the country. Evidence revealed that the building industry has contributed to the environmental impact in so many ways. Realizing this important role played by the building industry, most building projects have now adopted the concept of green building. In Malaysia, the green building concept has been gradually initiated into the building industry. Reference to the Green Building Index (GBI Malaysia) database shows an increasing number of buildings being certified day by day. Not only that, the green building concept indicated a positive escalation especially within the commercial and residential property sectors. In conjunction with the growing number of green buildings in Malaysia, several questions have arisen; one of which is whether this is just a passing trend or is it because of the benefits received from it. Therefore, this study is conducted mainly to investigate the reasoning behind the corporation's involvement in green building industry. This study used the qualitative method whereby, semi-structured interview has been chosen as the best data collection method. Seven participants from different sectors were selected to generalize the results. Results indicated that at the initial stage of involvement in green building concept, most of the corporations were in it for the trend and novelty of trailblazing the evolutions of the world building industry. It was only recently that green building concept is embedded by corporations due to the benefits they received which indirectly boosted their business operations. Nevertheless, the government, non-governmental organizations (NGOs), and corporations still need to increase efforts to mould and embed the green culture for every Malaysian because the awareness level in the implementation of green building concept is still at an early stage.
Disputes between residents and the organization managing their high-rise residential building sometimes remain unresolved problems. Satisfactory Critical Success Factors (CSFs) will ensure successful competitive performance for the organization. Therefore, this paper aims to determine the most critical factors for the success of organizations in non-low cost high-rise residential buildings. Based on comprehensive analyses from previous research, this study proposes five (5) CSFs for organizations managing high-rise residential buildings. Findings will be expected to assist organizations managing high-rise residential buildings, specifically in non-low cost residential building in evaluating their performance.
Sustainability is the current trend adopted by major business corporations in Malaysia. Abundant evidence reveals corporations are now recognizing that aligning business operation with sustainable ways adds more value. Previous literature shows sustainability has become a strategic imperative for all businesses. Apart from that, having a sustainable building in their asset portfolio contributes towards achieving the management strategic corporate goals. Therefore, this research aims to discuss what are the corporate goals or corporate expectations from going green. In conjunction with that, secondary data collection was thoroughly reviewed from previous studies. Then, primary data consolidates via questionnaire distribution on 117 persons directly involved in green management. The data then analyzed via relative importance index (RII) to identify the importance level for expected corporate goals. Derivation of deeper conceptual findings uses the sustainable triple bottom line theory as a guide. The result indicates four major goals of corporations including the environment, maximization of economic value, and minimization of economic and social costs. This research provides ample evidence for further research in green management.
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