Eres : Digital Library : Works

Paper eres2015_147:
The Energy Efficiency of Corporate Real Estate Assets: The Role of Professional Management for Corporate Environmental Performance

id eres2015_147
authors Surmann, Markus; Wolfgang A. Brunauer; Sven Bienert
year 2015
title The Energy Efficiency of Corporate Real Estate Assets: The Role of Professional Management for Corporate Environmental Performance
source 22nd Annual European Real Estate Society Conference in Istanbul, Turkey
summary Despite the rising information about the ecological footprint and greenhouse gas externalities of corporates' activities only little is known about the energy efficiency of corporate real estate assets. When considering achievements from the past, such as significant reduction of carbon emissions and towards carbon accounting, the energy consumption of corporate real estate assets is of emerging interest within the sustainability strategy of corporations. On the contrary to residential and commercial buildings within the real estate industry accessibility to profound datasets for corporate assets in terms of energy performance is rather difficult. When employing a unique multi-national dataset of big-box wholesale buildings obtained from METRO Cash & Carry (MCC) the authors investigate the relationship between energy consumption, physical building characteristics and the potential impact of corporate management. The study analyzes the dataset with electricity and heat consumption in a panel regression to investigate expected higher levels of energy savings over time. All above insights about energy efficiency measures of corporate real estate assets within a special asset class we analyze the contribution of professional management towards a more efficient corporate environmental performance.__
keywords Sustainable Real Estate, Corporate Real Estate Management, Energy Efficiency, Carbon Emissions, Hedonic Effects
series ERES:conference
type paper session
email markus.surmann@metro-properties.de
content file.pdf (1,293,993 bytes)
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ratings
session Corporate Real Estate
last changed 2015/07/08 18:06
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