Green Property Development By Asian Property Companies
Free (open access)
317 - 328
M. N. Razali, N. Kamarudin, A. M. Yassin, Y. M. Adnan, Z. A. Baharom
The concept of sustainability has become increasingly essential in property development, especially in recent years. The purpose of this paper is to assess transparency levels in term of sustainability practices amongst listed property companies in Asian countries. The website and annual report of each company are assessed to determine the level of transparency in sustainable practices among property companies in Asia. Their sustainability strategies are then rigorously assessed by using a matrix scorecard, which takes into account several attributes concerning sustainability issues. Given the increasing significance of sustainability issues – especially in property development – amongst international property players, this paper enables more informed investment and decisionmaking regarding the implementation of sustainability in property portfolios. The results show that green or sustainable property development in Asian countries remains at a moderate level. There is still much room for improvement to increase the level of green elements in property development. Given the future significance of the Asian region, it is crucial to ensure green property development levels are sustained or increased in order to reduce environmental damage.
transparency, sustainable, Asia, property companies