Real Estate and Policy

Research output: Chapter in Book/Report/Conference proceedingChapterAcademic

Abstract

Real estate can play a key role in averting further climate change because of its high contribution to pollution and substantial energy consumption. Interest in green and sustainable buildings has grown dramatically in recent years with increasing awareness of these factors. This chapter explores the economic significance of the energy efficiency and sustainability trend in real estate, addressing the financial performance of green buildings, in both the united states and international markets. The behavior of corporations with respect to housing decisions is discussed, analyzing how real estate can be used as a proxy for corporate social responsibility. The chapter then investigates how institutional investors integrate sustainability in their allocations to real estate, measuring the environmental performance of dedicated property fund managers.
Original languageEnglish
Title of host publicationSocially Responsible Finance and Investing:Financial Institutions, Corporations, Investors, and Activists
EditorsH.K. Baker, J.R. Nofsinger
PublisherJohn Wiley & Sons
Pages213-237
Number of pages24
ISBN (Print)9781118100097
DOIs
Publication statusPublished - 1 Jan 2012

Cite this

Eichholtz, P. M. A., & Kok, N. (2012). Real Estate and Policy. In H. K. Baker, & J. R. Nofsinger (Eds.), Socially Responsible Finance and Investing:Financial Institutions, Corporations, Investors, and Activists (pp. 213-237). John Wiley & Sons. https://doi.org/10.1002/9781118524015.ch12