Abstract
The paper analyzes financing as a tool to support more sustainable construction. The process of financing, commissioning, designing, constructing, using, operating, maintaining and refurbishing buildings is long and complex. Not only are several different actors going to be involved, but the owner, the user and the operator of a building do not automatically share the same priorities. In order to fulfil sustainability criteria, it is necessary to have input at several stages of the process, starting with the investor and ending up with the criteria for purchasing the services of the caretaker of the building.
The investment decisions made at the very beginning of the process may have greatest impact. However, several other points of the process can be identified, where the financial performance of a building is impacted by decisions that have also environmental and social implications. Investors face various risks, which have relevance for the sustainable construction perspective. Hence, into some decisions that used to be taken based. solely on financial merit, sustainability criteria are increasingly being introduced.
| Original language | English |
|---|---|
| Title of host publication | CESB 10: CENTRAL EUROPE TOWARDS SUSTAINABLE BUILDING - FROM THEORY TO PRACTICE |
| Editors | P Hajek, J Tywoniak, A Lupisek, J Ruzicka, K Sojkova |
| Pages | 685-688 |
| Number of pages | 4 |
| Publication status | Published - 2010 |
| MoE publication type | A4 Article in a conference publication |
| Event | Conference on Central Europe Towards Sustainable Building - Prague, Czech Republic Duration: 1 Jun 2010 → 1 Jun 2010 |
Conference
| Conference | Conference on Central Europe Towards Sustainable Building |
|---|---|
| Country | Czech Republic |
| City | Prague |
| Period | 01/06/2010 → 01/06/2010 |
Keywords
- financing
- building process
- sustainability criteria
- risks
- equity