Jones, Peter and Comfort, Daphne and Hillier, David (2015) Sustainability, materiality, assurance and the UK’s leading property companies: a briefing paper for occupiers. Journal of Corporate Real Estate, 17 (4). pp. 282-300. ISSN 1463-001X
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Purpose – The purpose of this paper is to provide a brief for property occupiers who look to monitor trends in sustainability reporting. The paper offers a preliminary examination of the extent to which the UK’s leading commercial property companies are embracing the concept of materiality and commissioning independent external assurance as a part of their sustainability reporting processes and some wider reflections on materiality and external assurance in sustainability reporting. Design/methodology/approach – The paper begins with a review of the characteristics of materiality and external assurance and an outline of the drivers for, and challenges to, sustainability for property companies. The information on which the paper is based is drawn from the leading UK property companies’ corporate websites. Findings – The paper reveals that approximately half of the UK’s leading property companies had embraced materiality or commissioned some form of independent external assurance as an integral part of their sustainability reporting processes. In many ways, this reduces the reliability and credibility of the leading property companies’ sustainability reports. Looking to the future, growing stakeholder pressure may persuade more of the UK’s leading property companies to embrace materiality and commission external assurance as systematic and integral elements in the sustainability reporting process. Originality/value – The paper provides an accessible review of the current status of materiality and external assurance among the UK’s leading commercial property companies’ sustainability reporting. As such, it will not only interest occupiers but also professionals, practitioners, academics and students interested in sustainability in the property industry.
|Uncontrolled Keywords:||UK, Corporate sustainability, Property companies, Materiality, External assurance, Occupiers|
|Subjects:||H Social Sciences > H Social Sciences (General)
H Social Sciences > HF Commerce > HF5001 Business
|Divisions:||Faculty of Business, Computing and Applied Sciences > Business School > Marketing and Retail|
|Research Priority Areas:||Applied Business Research|
|Depositing User:||Anne Pengelly|
|Date Deposited:||21 Dec 2015 10:10|
|Last Modified:||29 Oct 2016 17:01|