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.
Tirumala, Raghu Dharmapuri. "The Green Mirror: Reflecting on Sustainability Reporting Practices of Indian and Australian Real Estate Stakeholders." In Pathways To Sustainable Real Estate Investment In Sub Saharan African Countries: the 22nd Annual AfRES Conference. AfRES. Nairobi, Kenya: African Real Estate Society, 2023.