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The Green Mirror: Reflecting on Sustainability Reporting Practices of Indian and Australian Real Estate Stakeholders

Author

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  • Raghu Dharmapuri Tirumala

Abstract

Historically, sustainability in real estate has centered on green buildings and environmentally friendly structures. However, these efforts have often been confined to individual buildings, overlooking the broader ecosystem. This research paper expands the focus, investigating how various stakeholders in the real estate sector, including developers, financiers, suppliers, and advisors, are addressing environmental challenges. Utilizing the Global Reporting Initiative (GRI) as a framework, the paper analyzes publicly available company disclosures. The results highlight a strong emphasis on emission and energy-related indicators, while other vital aspects such as biodiversity, supplier assessment, and materials are often neglected. The paper also explores regional variations and alignment with global standards, providing insights into the current state of sustainability reporting within the industry. By identifying areas for improvement and underscoring the importance of a multi-stakeholder approach, this study contributes valuable perspectives to the ongoing dialogue on environmental stewardship in real estate and offers actionable recommendations for enhancing transparency and sustainability practices.

Suggested Citation

  • Raghu Dharmapuri Tirumala, 2023. "The Green Mirror: Reflecting on Sustainability Reporting Practices of Indian and Australian Real Estate Stakeholders," AfRES afres2023-047, African Real Estate Society (AfRES).
    • Handle: RePEc:afr:wpaper:afres2023-047
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    More about this item

    Keywords

    Australia; Environmental disclosure; India; real estate; Stakeholders; Transparency;
    All these keywords.

    JEL classification:

    • R3 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location

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