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Social responsibility: key terms and their uses in property investment

Author

Listed:
  • Claire Roberts
  • Dan Rapson
  • David Shiers

Abstract

Purpose - Corporate social responsibility (CSR), corporate governance (CG) and socially responsible investment (SRI) are now established terms among most large corporations, particularly in the field of investment. The aim of this paper is to explore the issue of social responsibility (SR) in property investment in the UK. Design/methodology/approach - A review of existing literature across different disciplines sought to explore the scope and boundaries of these issues. This was followed by a review of the approaches to, and reporting protocols of the activities of the five largest property investment management companies in the UK. Findings - The study revealed a significant variation in the way UK property investment management companies define and use SR‐related terms, both within and between companies in the same industry. Originality/value - The potential for confusion, difficulties in communication (both within and between companies) and dilution of the true meaning of these terms is significant for the sector. These issue need to be addressed to ensure that SR‐related activities can make a more widely‐adopted contribution to the property in particular and to society in general.

Suggested Citation

  • Claire Roberts & Dan Rapson & David Shiers, 2007. "Social responsibility: key terms and their uses in property investment," Journal of Property Investment & Finance, Emerald Group Publishing Limited, vol. 25(4), pages 388-400, July.
    • Handle: RePEc:eme:jpifpp:v:25:y:2007:i:4:p:388-400
    DOI: 10.1108/14635780710762526
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    Citations

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    Cited by:

    1. Jian Liang & Ameeta Jain & Hao Wu, 2021. "Does Corporate Social Responsibility Vary by Real Estate Asset Types? Evidence from Real Estate Investment Trusts," Sustainability, MDPI, vol. 13(22), pages 1-18, November.
    2. Michał Jurek, 2014. "The genesis and evolution of CSR self-regulation with special refer-ence to the case of financial institutions," Working papers wpaper70, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.

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