The effect of carbon regulation initiatives on corporate ESG performance in real estate sector: International evidence

Lee, Chyi Lin; Liang, Jian

doi:10.1016/j.jclepro.2024.142188

Cited by 6 publications

(2 citation statements)

References 75 publications

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“…The construction sector continues with the linear economy's inertia, despite its accompanying challenges, although awareness is being raised around the benefits it could generate by shifting towards circularity [16]. Furthermore, the increasing adoption of environmental, social, and governance (ESG) principles highlights their crucial role in advancing sustainability practices within the industry [17,18], enabling construction organisations to contribute to the development of circular economy.…”

Section: Circular Economy In the Construction Industrymentioning

confidence: 99%

Mega-Projects in Construction: Barriers in the Implementation of Circular Economy Concepts in the Kingdom of Saudi Arabia

Alotaibi,

Martinez-Vazquez,

Baniotopoulos

2024

Buildings

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The construction sector has been subjected to scrutiny due to its propensity for waste generation and the extensive utilisation of finite natural resources. In response to these concerns, a transition towards a novel conceptual framework known as circular economy (CE) has been advocated. Nevertheless, the integration of CE principles within the construction domain encounters numerous impediments to its advancement. Despite scholarly recognition of these challenges, scant research has been devoted to elucidating the intricacies associated with the planning and execution of large-scale projects, particularly within developing nations such as the Kingdom of Saudi Arabia (KSA). This paper intends to fill this gap through the identification and ranking of those barriers encountered when trying to implement CE during construction in KSA. To this end, a comprehensive literature review was completed, alongside a survey conducted amongst 239 participants involved in three mega-projects. A statistical analysis of the data collected was carried out based on the one-way analysis of variance (ANOVA). Following this, a relative importance index (RII) was established to rank 24 barriers categorised as major within the sample. The findings revealed the lack of regulation within the construction sector, the lack of education and training, little awareness and guidance on the subject, and the absence of an incentives policy as primary barriers to adopting CE in KSA. The present study endeavours to enhance the comprehension regarding the principles of circular economy (CE) and the attendant challenges encountered during its implementation. The overarching objective is to provide insights that can inform decision-making processes, thereby facilitating the development of robust mitigation strategies and the adoption of best practices.

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Section: Circular Economy In the Construction Industrymentioning

confidence: 99%

Mega-Projects in Construction: Barriers in the Implementation of Circular Economy Concepts in the Kingdom of Saudi Arabia

Alotaibi,

Martinez-Vazquez,

Baniotopoulos

2024

Buildings

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“…The environmental, social, and governance (ESG) strategies are new strategies for real estate project management in recent years [19]. From the perspective of real estate development enterprises, the site selection of large commercial complexes could be understood as performance management.…”

Section: Index Selectionmentioning

confidence: 99%

Site Suitability Evaluation of a Large Commercial Complex Using an Improved Projection Pursuit Model

Wu,

Yu,

et al. 2024

Buildings

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In developing countries, especially China, large-scale commercial complexes are the current trend in commercial real estate. Compared with other similar buildings, scientific site selection is very important for the smooth construction and efficient operation of these complexes. However, there is still a lack of a targeted evaluation index system and quantitative evaluation methods. Therefore, this paper put forward the evaluation index system and method of large-scale commercial-complex location based on a projection pursuit model. First, this paper comprehensively considered the environmental, social, and economic factors, and used secondary and tertiary indicators to systematically establish an evaluation index system. This index system effectively dealt with the complex problem of its site selection. Compared with the traditional multi-attribute evaluation method based on expert advice, the evaluation method of the improved projection pursuit model based on a sparrow search algorithm constructed in this paper was to mine key information from the evaluation data, which could evaluate the site suitability of large commercial complexes more scientifically and objectively. In addition, this paper made a detailed empirical study of the Joy City project in Nanchang, China. The research results found the key factors affecting the site selection of the project and determined that the site-selection evaluation result of the project was medium. The research results of this paper provide the scientific and objective decision-making basis for the development enterprises of large commercial complexes to reduce site-selection risk and improve investment efficiency.

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The Role of Carbon Trading in Enhancing Enterprise Green Productivity and ESG Performance: A Quasi‐Natural Evidence From China

Hongbin,

Hongmei,

Cifuentes‐Faura

et al. 2024

Bus Strat Env

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The carbon emission trading system (CETS) efficiency in increasing enterprise green productivity is attracting significant interest. This study proposes implementing a carbon‐emissions pricing system in China, viewing it as a quasi‐natural experiment. It investigates the aforementioned prone from a corporate green total factor productivity (GTFP) perspective. This article uses a sample of A‐share listed businesses from 2005 to 2021 from the Shenzhen and Shanghai exchanges. The research confirms that the CETS enhances the GTFP. Furthermore, the CETS has a threshold effect on enterprise green total factor productivity determined by carbon market efficiency. It also reveals that green innovation and resource allocation efficiency mediate the CETS‐GTFP link. Further analysis shows that the CETS promotes GTFP more when firms are more diversified, state‐owned, and have lower Environmental, Social and Governance (ESG) ratings. This article highlights the microeconomic implications of the carbon emission pricing system, which can help construct a national carbon market and enhance green development initiatives.

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The effect of carbon regulation initiatives on corporate ESG performance in real estate sector: International evidence

Cited by 6 publications

References 75 publications

Mega-Projects in Construction: Barriers in the Implementation of Circular Economy Concepts in the Kingdom of Saudi Arabia

Mega-Projects in Construction: Barriers in the Implementation of Circular Economy Concepts in the Kingdom of Saudi Arabia

Site Suitability Evaluation of a Large Commercial Complex Using an Improved Projection Pursuit Model

The Role of Carbon Trading in Enhancing Enterprise Green Productivity and ESG Performance: A Quasi‐Natural Evidence From China

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