A survey on how CRE/FM in the financial services sector is responding to sustainable development

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A survey on how CRE/FM in the financial services sector is responding to sustainable development


Author: Kan, Jing-tong Jeanneton
Title: A survey on how CRE/FM in the financial services sector is responding to sustainable development
Degree: M.Sc.
Year: 2009
Subject: Hong Kong Polytechnic University -- Dissertations
Sustainable development -- China -- Hong Kong
Facility management -- Environmental aspects -- China -- Hong Kong
Banks and banking -- China -- Hong Kong
Department: Dept. of Building Services Engineering
Pages: 95 p. : ill. ; 31 cm.
InnoPac Record: http://library.polyu.edu.hk/record=b2356485
URI: http://theses.lib.polyu.edu.hk/handle/200/5833
Abstract: Much anxiety has been created in recent decades regarding the deterioration of our environment attributed to the climate crisis. The environmental impacts of ongoing economic globalization have aroused the awareness of the crucial role played by enterprises in attributing to the environmental implications due to a lot of economic activities occurring within corporations. The government cannot work on standalone efforts to save the environment without the assistance supplemented by private and public corporations. Sustainability can be examined in the global, country and organizational context. The purpose of this dissertation is to focus on the organizational level and to explore the extent to which corporations in the financial services sector are responding to sustainability development. Several factors have been considered to assess corporate awareness of environmental sustainability, namely corporate commitment, strategic planning, sustainable policy and guidelines, communication, role of responsibility, performance reporting and procurement. These seven components are regarded in this study as the critical dimensions to evaluate the accomplishment of sustainability development in the financial service organizations. This study also attempts to consider the extent of CRE/FM involvement in assisting to implement sustainability in the corporate environment. The study concludes that measures aimed at sustainability development have been implemented in the financial service corporations. The environmental aspects mostly emphasized by corporations are energy management, waste management, and health and safety. However, the coverage of sustainable criteria is inadequate due to financial, building or other constraints, and a wider coverage is required. Corporations are continuing to strive to achieve the compatibility of economic globalisation and sustainable development.

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