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Real Estate and Sustainability: Understand the principles of sustainable development and their application to the real estate industry.

Real Estate and Sustainability: Understand the principles of sustainable development and their application to the real estate industry.

Module / Subject / School:

Real Estate and Sustainability

Requirements: 

REPORT:

    1. Propose a simplified sustainability plan for BM. The plan should include:
      1. vision for sustainability,
      2. strategy to realize/achieve its vision and
      3. illustration/summary of its sustainability plan using ONE of the sustainability frameworks (eg. triple-bottom-line, etc)
    2. Identify and explain the possible barriers/challenges the service apartment may encounter in implementing sustainable practices.

What we score:

75%

Our Writer’s Comment 

Start by defining a compelling vision for sustainability that aligns with the company’s values and market position. Your vision should be aspirational but achievable, reflecting a commitment to environmental responsibility while considering the realities of the business.

Next, develop a strategy that outlines the steps BM will take to achieve this vision. Be specific about the actions the company should implement, such as energy efficiency improvements, waste reduction initiatives, or sustainable sourcing practices. Ensure that your strategy is grounded in the sustainability frameworks discussed in your course, like the triple-bottom-line, which balances environmental, social, and economic goals.

When illustrating or summarizing the plan, choose a framework that best suits BM’s needs and simplifies the complexity of sustainability into manageable components. For instance, the triple-bottom-line framework can help BM assess its sustainability initiatives across environmental, social, and economic dimensions, making it easier to communicate the plan’s value to stakeholders.

Don’t forget to identify and explain the potential barriers BM might face in implementing these sustainable practices. Consider challenges such as upfront costs, resistance to change from staff or management, and the need for ongoing training and education. Offering realistic solutions or mitigation strategies for these challenges will show your practical understanding of implementing sustainability in a real-world context.

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Sample Assignment

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