Sustainable Real Estate
Saarinen, Jenni (2024)
2024
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Julkaisun pysyvä osoite on
https://urn.fi/URN:NBN:fi:amk-2024121235377
https://urn.fi/URN:NBN:fi:amk-2024121235377
Tiivistelmä
The aim of this thesis was to create a framework defining a sustainable building via analysing existing sustainability frameworks, regulations and certifications. This thesis was conducted for Granlund Oy to underpin wider market research focusing on trends in sustainable real estate.
The literature review consists of an introduction to sustainability definitions and frameworks including an assessment of the responsibilities of companies through corporate social responsibility, alongside a general overview of sustainable and green finance. An overview of sustainability in the real estate industry is evaluated against existing frameworks. Regulations, sustainability certifications and existing reporting frameworks are introduced. These are compared and analysed for overlapping themes.
The empirical research section has been conducted by survey to gather a comprehensive understanding of industry professionals’ opinions regarding the most important sustainability measures. A market perspective was included in the research to assess which measures could have outsized impact on building valuations.
To conclude, a framework consisting of environmental, social and governance (ESG) factors was developed to define a sustainable building, focusing on existing stock. Each measure within was evaluated based on previous usage. It is concluded that environmental sustainability has had the most focus to date and recommends future research to focus on social and governance implications.
The literature review consists of an introduction to sustainability definitions and frameworks including an assessment of the responsibilities of companies through corporate social responsibility, alongside a general overview of sustainable and green finance. An overview of sustainability in the real estate industry is evaluated against existing frameworks. Regulations, sustainability certifications and existing reporting frameworks are introduced. These are compared and analysed for overlapping themes.
The empirical research section has been conducted by survey to gather a comprehensive understanding of industry professionals’ opinions regarding the most important sustainability measures. A market perspective was included in the research to assess which measures could have outsized impact on building valuations.
To conclude, a framework consisting of environmental, social and governance (ESG) factors was developed to define a sustainable building, focusing on existing stock. Each measure within was evaluated based on previous usage. It is concluded that environmental sustainability has had the most focus to date and recommends future research to focus on social and governance implications.