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The greening of commercial leases

Mark Hinnells (Environmental Change Institute, University of Oxford, Oxford, UK)
Susan Bright (New College, Oxford, UK)
Angela Langley (Cardiff University, Cardiff, UK)
Lloyd Woodford (Department of Environment, Water, Heritage and the Arts, London, UK)
Pernille Schiellerup (Environmental Change Institute, University of Oxford, Oxford, UK)
Tatiana Bosteels (London Climate Change Agency, London, UK)

Journal of Property Investment & Finance

ISSN: 1463-578X

Article publication date: 26 September 2008




This paper seeks to consider how policy changes may drive a change in leasing practices, in order to reduce environmental impact (particularly carbon dioxide emissions) from the commercial building stock.


In many countries, including the UK, environmental policy (particularly on carbon dioxide emissions from energy use) is beginning to impact on the commercial property market. This paper explores barriers to improved performance, two models for greening leases (a light green and dark green approach) based on work by the authors from Cardiff University and the Australian government, as well as how tenanted buildings can be managed “more greenly”. It then explores how green leases may penetrate the market.


The conventional relationship between the landlord (as building owner) and tenant (as occupier) largely neglects environmental considerations. However, change may be rapid, disruptive and challenging.


The paper lays out some of the issues, solutions, and pathways for the commercial property industry.



Hinnells, M., Bright, S., Langley, A., Woodford, L., Schiellerup, P. and Bosteels, T. (2008), "The greening of commercial leases", Journal of Property Investment & Finance, Vol. 26 No. 6, pp. 541-551.



Emerald Group Publishing Limited

Copyright © 2008, Emerald Group Publishing Limited

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