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

11 Pages Posted: 3 May 2011 Last revised: 30 May 2014

See all articles by Rob Bauer

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 (Deceased); University of California, Berkeley, Haas School of Business, Real Estate Group (Deceased)

Date Written: June 1, 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.

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

Suggested Citation

Bauer, Rob and Eichholtz, Piet M. A. and 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: https://ssrn.com/abstract=1829276

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 (Deceased) ( 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

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