ABSTRACT

Our interpretation of sustainable development is that the balance of the Triple Bottom Line principles (ecological, economic, and socio-cultural dimensions) is a prerequisite for real estate, in order for it to contribute to intergenerational justice and mitigate global climate change, whilst at the same time ensuring long-term business success in the sector. For too long, real estate companies only felt obliged to generate profits. An awareness of the finite nature of natural resources, progressive climate change, as well as social injustice, and spectacular business failures, have all increased awareness of the need for a clear sustainability agenda at all levels of the sector.