Modeling sustainability maturity in corporate real estate

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Journal Title
Journal ISSN
Volume Title
School of Engineering | Master's thesis
Date
2013
Major/Subject
Kiinteistöoppi
Mcode
Maa-20
Degree programme
Language
en
Pages
v + 54 + [5]
Series
Abstract
Sustainability in corporate real estate has been lately recognized as an integral part of business almost at every enterprise; however, its perception might extremely differ in various industries. Sustainable corporate real estate practices have been extensively analysed in recent studies, yet real estate is an ambiguous field and the practices still lack of holistic understanding. The aim of this Master's thesis is to summarize and systematize the present sustainable real estate practices and propose a generic Sustainability Maturity Model for Corporate Real Estate. Research process was implemented in accordance with Grounded Theory approach. Initial model was constructed based on findings from literature review and tested in interview session with some major Finnish companies, recognized for their environmental work. Theoretical sample of 10 companies was used for interviewees' selection. In the interviews, the most typical sustainable real estate practices were identified as components of the generic model. Structure of the model composes five maturity levels and six dimensions: resources, processes, commitment, communication, finance and strategy. The generic model contains 18 most typical sustainable corporate real estate practices that explain the role of real estate at each maturity level. The generic model is an indicative tool for sustain ability maturity assessment in corporate real estate. It provides a holistic and systematic approach to the present sustainable practices and demonstrates how corporate real estate contributes to company's sustainability. It might be applicable as self-assessment tool and as a benchmark because consists of the typical practices, pursued by the field leaders.
Description
Supervisor
Junnila, Seppo
Thesis advisor
Andelin, Mia
Sarasoja, Anna-Liisa
Keywords
sustainability, corporate real estate, sustainable practices, maturity model
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Citation