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.
The emergence of corporations dabbling in sustainable development has caused a shift from the conventional way of managing office building to a more systematic approach involving high technology. Various discussions espouse the positive impact of sustainable office buildings on business. However, previous studies only discussed the elements involved, but most of these discussions did not specify which element that significantly contributed to business objectives. Thus, this research attempts to discover the relationship between corporate real estate sustainable management (CRESM) and corporate sustainability (CS) objectives to determine the most significant element of CRESM influencing overall CS objectives. A questionnaire survey was carried out involving 117 combinations of corporate real estate managers who are directly involved in managing sustainable offices in Malaysia. Data was then analyzed using IBM SPSS Smart PLS. Results indicate six elements of CRESM significantly affect CS objectives that hope to assist corporate real estate managers to well manage their sustainable office buildings as well as contributing to achieve their business objectives.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
hi@scite.ai
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.