 SUSTAINABILITY METRICS FOR COMMERCIAL REAL ESTATE ASSETS - ESTABLISHING A COMMON APPROACHLouise Ellison and Patrick Brown ERES from European Real Estate Society (ERES) Abstract: As sustainability has become more central to property industry thinking a multitude of tools, using many different metrics have emerged, designed to measure and assess the sustainability of real estate assets and their owners and managers. This profusion in tools has been healthy in helping the industry to address sustainability in practical ways. However, it is increasingly apparent that a coherent, common set of metrics focused at asset level, needs to be established by the industry to consolidate the progress that has been made and move forward. To this end a group of UK industry bodies brought together under the Property Industry Alliance has been working with industry to establish a set of metrics that can be adopted by industry as a common approach to measuring sustainability at property asset level. To ensure compatibility with existing practice the work took a review of measures currently used as its starting point. Consultation with practitioners and a cross-industryworkshop including representatives from property companies, investors, occupiers, consultants and Government has enabled a distilled set of metrics to be produced. This paper sets out the progress that has been made, presenting findings for wider discussion and debate. JEL-codes: R3 (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:arz:wpaper:eres2010_217 Access Statistics for this paper More papers in ERES from European Real Estate Society (ERES) Contact information at EDIRC. |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.