UNVEILING THE PATH TO SUSTAINABILITY: EXPLORING THE CURRENT PRACTICES OF CORPORATE REAL ESTATE SUSTAINABLE MANAGEMENT FOR GREEN OFFICE BUILDINGS

• Published in: Malaysian Construction Research Journal
• Main Author: Fauzi N.S.; Oladokun T.T.; Ali S.N.M.; Arshad H.; Chuweni N.N.; Salleh N.A.
• Format: Article
• Language: English
• Published: Construction Research Institute of Malaysia 2024
• Online Access: https://www.scopus.com/inward/record.uri?eid=2-s2.0-85202500041&partnerID=40&md5=e3e4e540f6892ea2df75c371f97593a0

Studies related to green office buildings have gained significant attention in recent years due to the growing emphasis on sustainability and environmental concerns. This is driven by the increasing awareness of corporate companies on the importance of integrating sustainability into their business objectives and operational premises. This intensified awareness is also influenced by the preference of international companies to engage in businesses that prioritize sustainability in their operations. As the number of green office buildings continues to grow, the implementation of Corporate Real Estate Sustainable Management (CRESM) practices becomes crucial. However, the current practices of CRESM are less discussed. Therefore, it is imperative to conduct an in-depth exploration of the current practices of CRESM to enhance the awareness of corporate real estate managers regarding the existing approaches that are currently being adopted. This study aims to investigate the current practices of CRESM for green office buildings. The current research employs a qualitative approach involving semi-structured interviews with 13 participants who are experts in CRESM. The selected participants include real estate experts, sustainable corporate real estate (CRE) managers, and Green Building Index (GBI) facilitators. Thematic content analysis is used to analyse data. The findings reveal that a significant proportion of corporate companies outsource their CRESM practices with direct reporting to top management. Conversely, some organizations adopt in-house management approaches, while others implement a combination of in-house and outsourced CRESM practices. The study also identifies seven management approaches used in CRESM practice, including the Green Building Index (GBI) (as guiding element), Building Management Systems (BMS), Building Information Modelling (BIM), Performance Measurement Systems (PMS), and Sustainable Performance Measurement Systems (SPMS). The analysis demonstrates the widespread implementation of GBI, PMS, and SPMS, while BIM adoption remains relatively low due to its recent introduction. Ultimately, the findings contribute to the body of knowledge in CRESM and provide practical recommendations in enhancing the sustainability performance of green office buildings. © 2024, Construction Research Institute of Malaysia. All rights reserved.