The Importance of Sustainability Implementation for Business Corporations

Abstract

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.

Factors Determining the Purchase Decision of Green Residential Properties in Malaysia

“…Waidyasekara and Silva (2016) also mentioned a low RII indicates that the factor is less applicable and less relevant, whereas a high index indicates higher applicability, agreement, and relevance. The RII analysis also was adopted by (Fauzi et al, 2021a) in their research of The Importance of 'Sustainability Implementation for Business Corporations' that is almost similar to this research.…”

“…Given these influential criteria, investors and investors-owned will eventually shift from conventional to greener buildings. In fact, a study from Fauzi et al (2021a) indicated that property management corporations may focus on green elements especially in human satisfaction management. Similar results could also be found when green design features make indoor air quality better for society's well-being (Deng & Wu, 2013).…”

Sustainable Facilities Management in the Built Environment: A Mixed-Method Review

“…Opoku and Lee [4] provided definitions and explanatory notes on the significance of incorporating sustainability into facilities management. Fauzi et al [28] argued that in addition to the maximisation of economic value and minimisation of economic and social costs, sustainability has become a strategic imperative for businesses as they increasingly recognise that aligning business operations with sustainable ways adds more value. Managed proactively, a SFM service can reduce costs and provide long-term value [29,30].…”

Investigating the Awareness Among Potential Homebuyers Towards Elements of Green Residential Building

“…The green building also known as sustainable building and high performance building (Shaikh et al, 2019). The main key for green building is to minimize environmental impact and costs while maximizing occupant comfort and satisfaction (Fauzi, Johari, Zainuddin et al, 2021).One of the green residential criteria, according to Elias and Khai (2015), is the house that can achieve longterm sustainability through energy efficiency, green technology applications, rainwater collection, and recycled materials, and that it is operated with sustainable resources in order to achieve the goals of sustainable development.…”