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A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective

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  3. Vierteljahrshefte zur Wirtschaftsforschung
  4. Vol. 90, Issue 4
  5. pp. 19–42

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Bösche, J. A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective. Vierteljahrshefte zur Wirtschaftsforschung, 90(4), 19-42. https://doi.org/10.3790/vjh.90.4.19
Bösche, Janina "A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective" Vierteljahrshefte zur Wirtschaftsforschung 90.4, 2021, 19-42. https://doi.org/10.3790/vjh.90.4.19
Bösche, Janina (2021): A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective, in: Vierteljahrshefte zur Wirtschaftsforschung, vol. 90, iss. 4, 19-42, [online] https://doi.org/10.3790/vjh.90.4.19
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A Concept for Measuring Real Estate Sustainability from the Investors’ Perspective

Bösche, Janina

Vierteljahrshefte zur Wirtschaftsforschung, Vol. 90 (2021), Iss. 4 : pp. 19–42

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Publisher Name
Duncker & Humblot
DOI
https://doi.org/10.3790/vjh.90.4.19
Language
English
Pages
24
Keywords

Author Details

Janina Bösche, School of International Business Bremen

  • Janina Bösche is a Research Associate at the School of International Business Bremen. She studied Business Law and Business Administration in Osnabrück and Hamburg. Since 2021 she works on her dissertation in cooperation with the University of Bremen. Her research focuses on sustainable finance and behavioral finance.
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References

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Abstract

Although there is an increasing demand for sustainable investment products accompanied by increasing regulations regarding sustainability disclosures, people suffer from a lack of information concerning the offered investment products’ sustainability. Despite hundreds of ESG indicators for standard investment products available in the literature, there is no holistic approach to assessing real estate sustainability to date. However, as the real estate sector is responsible for 40 % of energy consumption and 29 % of greenhouse gas emissions in the European Union, it is critical in meeting the Paris Agreement’s climate targets. This paper presents our ideas for developing a concept for a real estate sustainability metric and real estate specific sustainability indicators. We aim to develop a metric that offers a transparent sustainability assessment for real estate based on the triple bottom line, thereby enabling (potential) investors to assess the sustainability of offered assets for themselves.

Table of Contents

Section Title Page Action Price
Janina Bösche:\nA Concept for Measuring Real Estate Sustainability from the Investors’ Perspective 19
1 Introduction 20
2 The Special Need of the Real Estate Sector for Sustainability Measurement 21
3 Existing Research and Practical Approaches 23
4 Concept 24
4.1 From Sustainability Indicators to one ESG Score 24
4.2 System Boundaries 26
4.3 Sustainability Indicators 27
4.4 Aggregation 19
4.5 Ranking 19
4.6 Validation of the Metric 19
5 Conclusion 19
References 19
Appendix 20

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