Modeling Sustainability Maturity in Corporate Real Estate

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Presentation transcript:

Modeling Sustainability Maturity in Corporate Real Estate Rasita Masalskyte Mia Andelin Anna-Liisa Sarasoja Aalto University, Finland ERES 2013, July 6

Research Purpose Sustainability in corporate real estate (CRE) extremely differs in various industries. Holistic approach to sustainable CRE practices is missing. The aim of the study: To summarize & systematize the current activities To propose a generic Sustainability Maturity Model for Corporate Real Estate.

Research 1. 11 interviews with sustainable Finnish companies. Selection criteria: GRI, CSR Reports Sustainability Indices (Dow Jones, Global 100, FTSE4Good) Carbon Disclosure Project WWF Green Building Council Finland 2. Research process in accordance with the Grounded Theory approach. 3. 18 most typical practices in the generic model

Sustainability Maturity Model for Corporate Real Estate 5 maturity levels 6 dimensions 18 sustainable CRE practices

The Model Provides a holistic and systematic approach to the present sustainable practices (“big” picture view) Demonstrates CRE contribution to company’s sustainability. Is an indicative tool for sustainability maturity assessment in CRE.

Findings from the Study Sustainability and CRE are strongly related. Production companies focus on product sustainability. Lower maturity practices → improve own processes. Advanced practices → better service to the customers. The greatest sustainability maturity is achieved by: Multiple practices Integration of practices Effective communication with stakeholders Employees engagement Full commitment

Applicability of the Model As a benchmark (18 most typical practices) As an indicative self-assessment tool for sustainability maturity → identify weaknesses and possibilities to improve (“big” picture view) Applicable in internal discussions → common understanding of sustainability in CRE. Method of communication with stakeholders

Thank you. Questions?