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Author:Masalskyte, Rasita
Title:Modeling sustainability maturity in corporate real estate
Publication type:Master's thesis
Publication year:2013
Pages:v + 54 + [5]      Language:   eng
Department/School:Maankäyttötieteiden laitos
Main subject:Kiinteistöoppi   (Maa-20)
Supervisor:Junnila, Seppo
Instructor:Andelin, Mia ; Sarasoja, Anna-Liisa
Digitized copy: https://aaltodoc.aalto.fi/handle/123456789/100738
OEVS:
Digitized archive copy is available in Aaltodoc
Location:P1 Ark Aalto  367   | Archive
Keywords:sustainability
corporate real estate
sustainable practices
maturity model
Abstract (eng): 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.
ED:2013-06-04
INSSI record number: 46828
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