Sustainability, materiality, assurance and the UK’s leading property companies: a briefing paper for occupiers

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

[img]
Preview
Text (Peer reviewed version)
Sustainability, materiality, assurance and the UK’s leading property companies a briefing paper for occup.pdf - Accepted Version
Available under License All Rights Reserved.

Download (509kB) | Preview

Abstract

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.

Item Type: Article
Article Type: Article
Additional Information: This is the peer reviewed version of the following article: 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., which has been published in final form at http://dx.doi.org/10.1108/JCRE-10-2015-0027. This article may be used for non-commercial purposes in accordance with Wiley Terms and Conditions for Self-Archiving.
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: Schools and Research Institutes > Business School > Marketing and Retail
Research Priority Areas: Applied Business Research
Depositing User: Anne Pengelly
Date Deposited: 21 Dec 2015 10:10
Last Modified: 06 Oct 2017 21:51
URI: http://eprints.glos.ac.uk/id/eprint/2936

University Staff: Request a correction | Repository Editors: Update this record

University Of Gloucestershire

Bookmark and Share

Find Us On Social Media:

Social Media Icons Facebook Twitter Google+ YouTube Pinterest Linkedin

Other University Web Sites

University of Gloucestershire, The Park, Cheltenham, Gloucestershire, GL50 2RH. Telephone +44 (0)844 8010001.