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The greening of commercial leases

Author

Listed:
  • Mark Hinnells
  • Susan Bright
  • Angela Langley
  • Lloyd Woodford
  • Pernille Schiellerup
  • Tatiana Bosteels

Abstract

Purpose - This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the commercial building stock. Design/methodology/approach - In many countries, including the UK, environmental policy (particularly on carbon dioxide emissions from energy use) is beginning to impact on the commercial property market. This paper explores barriers to improved performance, two models for greening leases (a light green and dark green approach) based on work by the authors from Cardiff University and the Australian government, as well as how tenanted buildings can be managed “more greenly”. It then explores how green leases may penetrate the market. Findings - The conventional relationship between the landlord (as building owner) and tenant (as occupier) largely neglects environmental considerations. However, change may be rapid, disruptive and challenging. Originality/value - The paper lays out some of the issues, solutions, and pathways for the commercial property industry.

Suggested Citation

  • Mark Hinnells & Susan Bright & Angela Langley & Lloyd Woodford & Pernille Schiellerup & Tatiana Bosteels, 2008. "The greening of commercial leases," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 26(6), pages 541-551, September.
    • Handle: RePEc:eme:jpifpp:v:26:y:2008:i:6:p:541-551
    DOI: 10.1108/14635780810908389
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    Citations

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    Cited by:

    1. Stamatis Chrysikopoulos & Panos Chountalas, 2018. "Integrating energy and environmental management systems to enable facilities to qualify for carbon funds," Energy & Environment, , vol. 29(6), pages 938-956, September.
    2. Janda, Kathryn B., 2014. "Building communities and social potential: Between and beyond organizations and individuals in commercial properties," Energy Policy, Elsevier, vol. 67(C), pages 48-55.

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