Exploring the mutual reinforcement of ESG and green building management for long-term sustainability : a case study of Hong Kong

Abstract

The increasing attention on sustainability has led to a growing interest in green building management, which aims to reduce the environmental impact of buildings while improving their economic and social performance. This dissertation explores the relationship between Environmental, Social, and Governance (ESG) factors and green building management in Hong Kong, focusing on their mutual reinforcement for long-term sustainability. The research employs a mixed-methods approach, combining an online survey of industry professionals, a comprehensive literature review, and a in-depth case studies of BEAM Plus certified building. The online survey assesses professionals' perceptions of the relevance of various green building features to ESG indicators in improving long-term sustainability. The literature review highlights the growing importance of ESG considerations in the building industry and the need for green building standards. The case studies, particularly the analysis of AIRSIDE in Kai Tak, demonstrate the successful integration of advanced green features and ESG principles in a flagship development project. The findings reveal that ESG factors and green building management are intrinsically linked and can be mutually reinforcing in driving long-term sustainability. Key green features, such as solar panels, green roofs/walls, waste management plans, daylight sensors, recycled water systems, and indoor air quality sensors, are perceived as effective and sustainable in the long term. The integration of ESG factors into green building management can be achieved through the adoption of green building standards, innovative technologies, and ESG-oriented practices, as exemplified by AIRSIDE. The research concludes that a holistic approach balancing environmental stewardship, social responsibility, and governance considerations in the design, construction, and operation of green buildings is crucial for driving sustainable urban development. The successful integration of ESG principles in green building projects can set new industry benchmarks and pave the way for a more sustainable future. This study contributes to the growing body of knowledge on sustainable building practices and provides valuable insights for stakeholders in the real estate and construction sectors. Further research could explore the long-term performance and impact of ESG-integrated green buildings and strategies to overcome challenges in their widespread adoption.