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How Green is Your Property Portfolio? The Global Real Estate Sustainability Benchmark


Rob Bauer


Maastricht University

Piet M. A. Eichholtz


University of Maastricht - Limburg Institute of Financial Economics (LIFE)

Nils Kok


University of Maastricht - Limburg Institute of Financial Economics (LIFE)

John M. Quigley


University of California, Berkeley, College of Letters & Science, Department of Economics; University of California, Berkeley, Haas School of Business, Real Estate Group (deceased)

June 1, 2011

Rotman International Journal of Pension Management, Vol. 4, No. 1, pp. 34-43, 2011

Abstract:     
The real estate sector accounts for more than a third of global greenhouse gas emissions and thus offers great potential for carbon abatement. Energy efficient and green buildings are rapidly transforming the commercial property sector, and institutional investors can benefit from that transformation through the value created by the greening of their real estate holdings. This article develops a global survey for property portfolios, measuring the environmental performance of listed property companies and private property funds. Based on the objective set of environmental survey data, we construct an environmental scorecard - the Global Real Estate Sustainability Benchmark. The results reported in this article suggest that the environmental performance of the global property investment industry can be substantially improved. For institutional investors, the survey results and the scorecard metrics benchmark the current environmental performance of their property portfolio, and show the way to improving it.

Number of Pages in PDF File: 11

Keywords: ESG, Energy Efficiency, Green Real Estate, Pension Fund, REITs

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Date posted: May 3, 2011 ; Last revised: June 3, 2011

Suggested Citation

Bauer, Rob, Eichholtz, Piet M. A., Kok, Nils and Quigley, John M., How Green is Your Property Portfolio? The Global Real Estate Sustainability Benchmark (June 1, 2011). Rotman International Journal of Pension Management, Vol. 4, No. 1, pp. 34-43, 2011. Available at SSRN: http://ssrn.com/abstract=1829276

Contact Information

Rob Bauer (Contact Author)
Maastricht University ( email )
P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31 43 3883871 (Phone)
Piet M. A. Eichholtz
University of Maastricht - Limburg Institute of Financial Economics (LIFE) ( email )
P.O. Box 616
Maastricht, 6200 MD
Netherlands
+31 43 3883648 (Phone)
+31 43 3258530 (Fax)
Nils Kok
University of Maastricht - Limburg Institute of Financial Economics (LIFE) ( email )
P.O. Box 616
Maastricht, 6200 MD
Netherlands
John M. Quigley
University of California, Berkeley, College of Letters & Science, Department of Economics ( email )
Berkeley, CA 94720-3880
United States
510-643-7411 (Phone)
510-643-7357 (Fax)
University of California, Berkeley, Haas School of Business, Real Estate Group (deceased) ( email )
Berkeley, CA 94720-1900
United States
Feedback to SSRN (Beta)


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