Sustainability and Performance Measurement: Corporate Real Estate Perspectives

Taylor, Beverley M.

doi:10.1002/pfi.21356

Cited by 12 publications

(3 citation statements)

References 3 publications

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“…Corporate sustainability generally refers to the integration of the triple bottom line of financial profitability, environmental protection and social responsibility into organizations' core purpose and activities (Elkington, 1998;Lo, 2010;Schaltegger et al, 2013). The concept is thus closely related to the concepts of sustainable development (Dyllick and Hockerts, 2002;Lozano, 2015Lozano, , 2011 and corporate social responsibility (CSR) (see Montiel, 2008), for which it is sometimes considered a synonym (for a review on this subject see Ebner and Baumgartner, 2006), an outgrowth (e.g., Christofi et al, 2012), or even an evolution (e.g., Taylor, 2013). In this regard, Dyllick and Hockerts (2002, p. 131), building upon the definition of sustainable development (see World Commission on Environment and Development, 1987), defined corporate sustainability as "meeting the needs of a firm's direct and indirect stakeholders (such as shareholders, employees, clients, pressure groups, communities, etc.…”

Section: Corporate Sustainability and The Sdgsmentioning

confidence: 99%

Addressing the SDGs in sustainability reports: The relationship with institutional factors

Rosati

Faria

2019

Journal of Cleaner Production

462

314

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Section: Corporate Sustainability and The Sdgsmentioning

confidence: 99%

Addressing the SDGs in sustainability reports: The relationship with institutional factors

Rosati

Faria

2019

Journal of Cleaner Production

462

314

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“…Real estate businesses, like other businesses, are expected to use their resources efficiently to accumulate higher earnings. Performance measurement is a set of well-designed processes that assist an organisation in analysing, measuring, monitoring and identifying key competencies, systems and processes (Taylor, 2013). Many companies use financial measures to evaluate their costs and revenues.…”

Section: Research Backgroundmentioning

confidence: 99%

An empirical study on measuring operating efficiency and revenue of real estate assets in the UAE using data envelopment analysis

Alafifi

Boussabaine

Almarri

2022

JFM

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Purpose This paper aims to examine the performance efficiency of 56 real estate assets within the rental sector in the UAE to evaluate the relative operation efficiency in relation to revenue generation. Design/methodology/approach The data envelopment analysis (DEA) approach was used to measure the relative operational efficiency of the studied assets in relation to the revenue performance. This method could produce a more informed and balanced approach to performance measurement. Findings The outcomes show that scores of efficiencies ranging from 7% to 99% in some of the models. The results showed that on average buildings are 75% relatively less efficient in maintenance, in term of revenue generation, than the benchmark set. Likewise, on average, the inefficient buildings are 60% relatively less efficient in insurance. Result also shows that 95% of the building assets in the sample are by and large operating at decreasing returns to scale. This implies that managers need to considerably reduce the operational resources (input) to improve the levels of revenue. Research limitations/implications This study recommends that the FM operational variables that were found to inefficiently contribute to the revenue should be re-examined to test the validity of the findings. This is necessary before generalising or interpolating the results that are presented in this study. Practical implications The information obtained about operational performance can help FM managers to understand which improvements in the productivity of inefficient FM resources are required, providing insight into how to reduce operating costs and increase revenue. Originality/value This paper adds value in using new FM operational parameters to evaluate the efficiency of the performance of built assets.

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“…In municipal real property asset management, a reflection of sustainability in the mentioned analyses has so far received only limited attention among researchers of the subject. There is also a lack of a link between the metrics of sustainability, widely described in the literature (Warren-Myers, 2012;World Economic Forum, 2016;Taylor, 2013;Goubran et al, 2019), and the four tests of HBU.…”

Section: Introductionmentioning

confidence: 99%

Reflecting Sustainability in the Analysis of Highest and Best Use: Evidence from Polish Municipalities

Rymarzak

Siemińska

Sakierski³

2022

Real Estate Management and Valuation

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The combination of policy concerns over climate and demographic change, energy shortages, resource efficiency and the natural environment, has led municipalities to be expected to reflect sustainability in different actions, including the decision-making on a considerable amount of their real property assets. As more and more municipalities, use the highest and best use analysis for reviewing the configuration of real property asset portfolio to achieve public goals, this provokes an examination of the reflection of sustainability (environmental, economic and social dimensions) in this kind of elaboration. Thus, this paper aims to investigate how Polish municipalities deal with the incorporation of sustainability into the highest and best use analysis and its operationalization in four tests (legally permissible, physically possible, financially feasible, and maximally productive). The research goal was pursued based on quantitative research using surveys conducted between April and May 2022 among eleven municipalities (creating the largest metropolitan areas in Poland) and qualitative research by the content analysis of HBU analyses prepared for them in previous years.

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Sustainability and Performance Measurement: Corporate Real Estate Perspectives

Cited by 12 publications

References 3 publications

Addressing the SDGs in sustainability reports: The relationship with institutional factors

Addressing the SDGs in sustainability reports: The relationship with institutional factors

An empirical study on measuring operating efficiency and revenue of real estate assets in the UAE using data envelopment analysis

Reflecting Sustainability in the Analysis of Highest and Best Use: Evidence from Polish Municipalities

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