Responsible property investing: What the leaders are doing

Research output: Contribution to journalArticle

19 Citations (Scopus)

Abstract

Purpose - This paper seeks to help those making investment decisions on existing commercial real estate portfolios to understand how environmental, social, and governance (ESG) issues impact the current value and prospective investment performance of the assets they own and manage. Design/methodology/approach - The issues and literature related to ESG issues in property investing are reviewed and examples of what industry leaders are doing to address these issues are collected and reported. Findings - Property investors can realize greater returns on their investments through considering and acting on a range of social and environmental issues. Lenders, owners, fund managers, asset and property managers, and developers can all incorporate RPI strategies into their own activities. RPI strategies can be categorized into ten elements covering environmental, social and community issues. There are two types of financially sound RPI strategies: no cost and value added approaches. More research needs to be carried out to understand the economic impacts of some strategies. Originality/value - Sustainability and corporate social responsibility are major and growing issues for property investors. The study demonstrates a successful example of how fund and asset managers are responding to these issues which can be considered by other managers in their own strategic planning.

Original languageEnglish (US)
Pages (from-to)562-576
Number of pages15
JournalJournal of Property Investment and Finance
Volume26
Issue number6
DOIs
StatePublished - 2008

Fingerprint

Investing
Managers
Assets
Governance
Investors
Fund managers
Commercial real estate
Value added
Costs
Environmental issues
Sustainability
Strategic planning
Industry
Corporate Social Responsibility
Economic impact
Return on investment
Investment performance
Investment decision-making
Developer
Owners

Keywords

  • Corporate social responsibility
  • Ethics
  • Sustainable design

ASJC Scopus subject areas

  • Business, Management and Accounting(all)
  • Economics, Econometrics and Finance(all)
  • Finance

Cite this

Responsible property investing : What the leaders are doing. / Pivo, Gary E.

In: Journal of Property Investment and Finance, Vol. 26, No. 6, 2008, p. 562-576.

Research output: Contribution to journalArticle

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