Bringing the user back in the building : an analysis of ESG in real estate and a behavioral framework to guide future research

Autor: Tine Compernolle, Michaël Peeters, Shirley Kempeneer
Jazyk: angličtina
Rok vydání: 2021
Předmět:
Knowledge management
IMPACT
020209 energy
SOCIAL-RESPONSIBILITY
Geography
Planning and Development
Social sustainability
TJ807-830
sustainable finance
Real estate
02 engineering and technology
Management
Monitoring
Policy and Law
TD194-195
Renewable energy sources
social sustainability
Fiduciary
SUSTAINABILITY
ESG
SYSTEMS
0502 economics and business
BENEFITS
0202 electrical engineering
electronic engineering
information engineering
GE1-350
Environmental psychology
environmental sustainability
Biology
sustainable real estate
OFFICES
ENCOURAGE
050208 finance
Environmental effects of industries and plants
CONSTRUCTION
Renewable Energy
Sustainability and the Environment
business.industry
FINANCIAL PERFORMANCE
Corporate governance
05 social sciences
user wellbeing
Environmental sciences
smart real estate
Chemistry
Investment value
Sustainability
TECHNOLOGIES
Business
Social responsibility
Engineering sciences. Technology
Zdroj: Sustainability
Sustainability, Vol 13, Iss 3239, p 3239 (2021)
ISSN: 2071-1050
Popis: Investors are currently obliged to take environment, social, and governance (ESG) issues into consideration as part of their fiduciary duty. As such, it becomes increasingly important to identify sustainable investments that also hold financial value. A sector where this is especially underdeveloped is real estate. This has a lot to do with the obfuscated conceptualization of ESG. The article identifies key gaps in the literature and practice and provides a framework to further the understanding of how ESG factors can add societal and financial value in the real estate sector. A key premise of the article is that the user in the building is grossly overlooked. Drawing on insights from behavioral social science and environmental psychology, the paper explains the role of the user in improving buildings’ ESG, also taking into account the investment value. To conclude, the article makes the case that the transition to user-centered smart real estate is the solution to improving both the environmental (E) and social (S) sustainability of buildings, as well as their investment value. Therefore, practitioners and academics are encouraged to critically evaluate and contextualize the ESG framework they are using as well as the extent to which users are considered and smart technology is employed.
Databáze: OpenAIRE
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