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Environment, social, governance (ESG) has taken on increased importance in real estate investment in recent years, with benchmarking ESG being critically important for more informed real estate investment decision-making. Using 60 stakeholder interviews with senior real estate executives, this paper examines the strategic issues regarding benchmarking ESG in real estate investment; specifically, identifying areas going forward where ESG benchmarks need to be improved. This includes the issues of granularity, climate resilience and climate risk, as well as an increased focus on outcomes and performance, and using best practice procedures in delivering ESG in real estate investment.

In total, 60 stakeholder interviews were conducted with key real estate players globally to assess the use of ESG benchmarking in real estate investment at various levels (asset/fund-level, listed real estate, delivery, reporting and internal benchmarking), across regions and across different types of real estate investment players (real estate fund manager, real estate investment trust (REIT), institutional investor and real estate advisor). This enabled key strategic insights to be identified for improved ESG benchmarking practices in real estate investment going forward.

There was clear evidence of the need for improved benchmarks for ESG in real estate investment. More focus was needed on performance, outcomes and impacts, with a stronger focus on granularity around the issues of climate resilience and climate risk. Improvements in Global Real Estate Sustainability Benchmark (GRESB), as well as increased attention to Task Force for Climate-Related Financial Disclosures (TCFD) were seen as important initiatives. Clear differences were also seen in the use of these ESG benchmarks on a regional basis; with Australia and Europe seen as the world leaders. These strategic stakeholder insights regarding ESG saw the development of best practice guidelines for the more effective delivery of ESG benchmarks for more informed real estate investment decision-making, as well as a series of recommendations for improving ESG benchmarking in real estate investment.

ESG benchmarking is a critical area of real estate investment decision-making today. By utilising stakeholder interviews, the strategic insights from key players in the real estate investment space are identified. In particular, this paper identifies how the current ESG benchmarks used in real estate investment need to be improved for a more critical assessment of climate resilience and climate risk issues at a more granular level. This enables the identification and delivery of more effective ESG best practice procedures and recommendations for improving ESG benchmarking in real estate investment going forward. These issues have clear impacts on ongoing capital raisings by investors, where benchmarking ESG is an increasingly important factor for real estate investors, tenants and real estate asset managers.

Based on the stakeholder interview responses, this paper has identified key areas for improvement in the current benchmarks for ESG in real estate investment. It is anticipated that an increased focus on technology and the availability of more granular data, coupled with user demand, will see more focus on assessing performance, outcomes and impacts at a real estate asset-specific level and produce a fuller range of ESG metrics, more focused on climate resilience and climate risk. This will see a more effective range of ESG benchmarks for more informed real estate investment decision-making.

Agility and agile manufacturing are recent organizational development philosophies that industry and academia are studying. Benchmarking is a business practice that will aid in the study, refinement, and application of agility principles. This paper focuses on two issues, benchmarking agile environments and agile benchmarking requirements. Benchmarking process, tools and metrics issues are discussed within the perspective of agility requirements. The process, tools and metrics discussion allows for a simultaneous study of the two major issues in integrating benchmarking and agility. In this paper a need for a developmental evolution in benchmarking is also observed. A number of potential directions and enablers are defined based on current practice and emerging mechanisms for agility and benchmarking.

Benchmarking in FM practice although understood and applied globally, little is known about the practice in Nigeria. The purpose of this paper is to develop a framework to guide the use of benchmarking.

The research adopts a cross-sectional survey design. Data were collected using self-administered questionnaires on FM organizations in Lagos metropolis, Abuja and Port Harcourt. The results of the survey were supplemented with interviews with FM unit heads in the study areas. The framework was validated using a focus group discussion with ten FM industry experts.

A framework which serves as a guide for the use of best practice benchmarking was developed. It showed that there is a relationship between best practice benchmarking and location.

The evaluation of the framework was limited by the number of participants involved and being that it has not been put to use.

This study develops a multi-sector framework to guide the use of best practice benchmarking in facilities management (FM). The framework explains the relationship between organizational characteristics and best practice benchmarking. In addition, there are limited empirical benchmarking frameworks in FM literature.

When an enterprise wants to design its distribution chain, it needs first to assess all possible distributors, then select the eligible ones to form the design model. This assessing process can be finished by distributor benchmarking. In this paper, a new approach is developed to benchmark distributors. The benchmarking process is done by the following three steps. First, all factors needed for benchmarking a distributor are identified by a systematic analysis. Second, an internet‐based information acquisition module is developed to get all needed information from possible distributors. Third, an inference module based on the combination of fuzzy logic and array‐based logic is developed to benchmark a distributor. As the information acquisition module is implemented via Internet, and the inference process for benchmarking a distributor is executed by computer applications, it is possible to realize online distributor benchmarking by the approach provided in this paper.

The purpose of this paper is to assess the performance of an online benchmarking tool developed for logistics service users and providers to provide alternative service option in Europe.

First, conduct desktop research including but not limited to academic literature reviews on benchmarking, performance measurement and previous and current examples of online benchmarking tools in order to determine issues in the field; second, report the development process and functionalities of a benchmarking tool; third, examine the benchmarking tool through structured interviews with the users of the tool; and finally, draw conclusion as to whether the tool is effective or needs changes to make it more effective.

Six Key Performance Indicators were identified: Transport cost, Transport time, Flexibility, Reliability, Quality, Sustainability. The functionality of an online transport chain benchmarking e‐tool is detailed. The evaluation of the tool found that it is a strategic decision‐making tool; cost is most often selected as the most important indicator; the majority would not use the tool for daily planning purposes. Future needs of development were identified, including using the tool for procurement decisions, and its utility in supporting corporate social responsibility and sustainability.

The benchmarking e‐tool is developed for the 27 EU countries plus Norway and Switzerland. Thus, the research findings are primarily applicable for these countries and may not be applicable for other countries.

The online tool has been used by multiple commercial companies actively involved, as a service provider or user, in the freight transport chain to plan their transport chains.

The tool makes the strategic planning of intermodal and co‐modal transport solutions easier and supports exploring sustainable freight transport choices in Europe.

The paper meets a research need to evaluate a newly‐developed online benchmarking tool, as well as detailing the e‐tool, and setting it within the practice and policy in this field.

The purpose of this paper is to address the knowledge gap on the use of benchmarking techniques as utilized by facilities management (FM) professionals for the purpose of identifying means to improve industry benchmarking practices and guide the direction of future FM benchmarking research.

Data were collected through surveying 585 FM practitioners representing various countries, organization sizes, types, industries. The data were summarized and analyzed through creating frequency tables, charts, and cross-tabulations. The survey results were compared to a previously published study on benchmarking use to identify the similarities and differences between benchmarking for FM functions vs core business functions.

The findings indicate that while FM-oriented benchmarking has been adopted at similar levels as other industries, FM-oriented benchmarking tends to be simplistic, lacks a strategic position in the company, often relies upon self-report survey data, is often performed by an individual with no formal benchmarking team and does not utilize process benchmarking or benchmarking networks. These findings emphasize the need for benchmarking education, advocacy for FM as a strategic business partner, the development of verified data sources and networks specifically for the unique greater facilities management field functions.

These findings provide needed data on the state of FM practitioner use of benchmarking specifically for FM functions in North America. The results can be used as an assessment for the industry, to improve practitioner use and knowledge, and to identify further avenues for academic study.

The value of this study lies in filling in identified knowledge gaps on how FM practitioners are using benchmarking in practice. These data are absent from the research literature and offer the potential to help bridge the academic-practitioner divide to ensure that future research will focus on addressing practitioner needs for the industry.

Over the past decade, the cost of product development has increased drastically, and this is due to the inability of most enterprises to locate suitable and optimal collaborators for knowledge sharing. Nevertheless, knowledge sharing is a mechanism that helps people find the best collaborators with relevant knowledge. Hence, a new approach for locating optimal collaborators with relevant knowledge is needed, which could help enterprise in reducing cost and time in a knowledge-sharing environment. The paper aims to discuss these issues.

One unique challenge in the domain of knowledge sharing is that collaborators do not possess the same number of events resident in the knowledge available for sharing. In this paper, the authors present a new approach for locating optimal collaborators in knowledge-sharing environment using the combinatorial algorithm (CA-KSE).

The proposed pattern-matching approach implemented in Java is considered efficient for solving the issue peculiar to collaboration in knowledge-sharing domain. The authors benchmarked the proposed approach with its semi-global pairwise alignment and global alignment counterparts through scores comparison and the receiver operating characteristic curve. The results obtained from the comparisons showed that CA-KSE is a perfect test having an area under curve of 0.9659, compared to the other approaches.

The paper has proposed an efficient algorithm, which is considered better than related methods, for matching several collaborators (more than two) in KS environment. The method could be deployed in medical field for gene analysis, software organizations for distributed development and academics for knowledge sharing.

One sign of strength of this approach, compared to most sequence alignment approaches that can only match two collaborators at a time, is that it can match several collaborators at a faster rate.

Aims to carry out generic benchmarking within a group of SMEs involved in applying the business excellence model as part of TQM improvement initiatives. Examines how generic benchmarking enables business excellence to be developed in the organisations. A lot of existing studies on business excellence and SMEs assume that large organisation praxis can be scaled down and applied to SMEs. There is need for studies which allow SMEs to develop their own understanding of business excellence and share best practice across SMEs. First, examines 20 SME case studies to determine critical success factors in business excellence for the SMEs. Second, chooses a sub‐group of eight SMEs for a more detailed study. Third, from these benchmarking studies, chooses a final group of three organisations to develop and implement benchmarked strengths using focus groups. The findings show how benchmarking can enable SMEs to increase the rate of improvement of their quality initiatives.

This paper aims to explore current management attitudes towards benchmarking and its implementation within small business‐to‐business service firms in order to enhance a deeper understanding of benchmarking within such contexts.

The paper uses in‐depth case analysis of small architectural services to collect empirical data on benchmarking initiatives, attitudes, key characteristics and constraints on benchmarking.

Findings suggest that there are significant variations in the receptiveness of small business‐to‐business firms towards the adoption of benchmarking. There may be an inherent distrust of benchmarking, as it is primarily perceived as being a tool for larger organizations, where productivity improvements are the main driver. Evidence of perceived constraints in both the implementation of benchmarking and in the definition of what constitutes best practice highlighted a cultural difficulty for small architectural firms when adopting a business process orientation. Traditionally, when evaluating their services, architectural practices are oriented towards professional design criteria, often with creative rather than business process priorities. Results suggest less cumbersome measurement models than key performance indicators (KPI) are needed to allow organically developing firms, such as architectural services, to apply benchmarking and quality ideas flexibly.

Research on current management attitudes towards benchmarking or actual implementation of benchmarking techniques in small business‐to‐business service firms is scarce. This paper addresses this by developing a deeper and richer contextual understanding of benchmarking within such contexts.

The paper aims to examine benchmarking challenges among Nigerian Facilities management (FM) practitioners.

Data collection was through self-administered questionnaires sent to 120 FM organizations in Lagos metropolis, 50 in Abuja and 15 in Port Harcourt. Also, interviews were conducted on six facilities managers to ascertain challenges faced by organizations that use best practice benchmarking. The survey achieved a total response rate of 74 per cent in Lagos, 66 per cent in Abuja and 93 per cent in Port Harcourt, respectively. Grand mean scores and relative importance index were used to ascertain ranking of the challenges. One-way analysis of variance and t-test were used to establish whether organizations’ characteristics bring about significant differences in the types of benchmarking challenges encountered.

Overall, the top four challenges of benchmarking were “unwillingness of employees to change”, “inadequate understanding of the exercise of benchmarking”, “inadequate access to data from other organizations” and “poor execution of-the benchmarking exercise”. Also, FM organization location result in a significant difference in benchmarking challenges.

The implication of the study is that it will assist in identifying impediments to benchmarking and barriers faced during benchmarking and, thus, enable recommendations to be made to minimize such challenges.

There are limited empirical studies on the problems of benchmarking in developing countries.