Purpose: The surging cost of living and shortage of affordable and sustainable homes fuel the global housing crisis. Earthship buildings are marketed as the epitome of affordable and sustainable alternative housing. This paper aimed to elicit the perception of Earthship buildings among youngsters in the United Kingdom using immersive virtual reality technology. Additionally, the impact of virtual reality on perception compared with two-dimensional drawings was investigated in the study.Design/methodology/approach: A three-phase, experiment-based survey was adopted: Phase 1: literature review, Earthship house model conception and the virtual environment creation; Phase 2: two-dimensional drawing-based pre-visualisation survey; Phase 3: virtual reality–based post-visualisation survey.Findings: The findings indicated that youngsters had a remarkable, positive change in attitude towards the uptake of the Earthship houses after virtual reality visualisation. In contrast, sustainability experts shared more concerns regarding the concept's viability in the United Kingdom, even after the virtual reality visualisation. However, both youngsters and experts agreed with the pre-eminence of virtual reality over two-dimensional drawings.Originality/value: The lack of awareness about Earthship buildings for posterity was noted in previous studies, which could be attributed to there being very few Earthship buildings in the United Kingdom. The importance of this awareness among youngsters cannot be over-emphasised since youngsters are affected most by the shortage of affordable and sustainable homes. This gap was addressed by enlightening the youth about Earthship houses and imparting awareness through near-real-life virtual reality visualisation.

Background: The building sector is one of the largest contributors of greenhouse gas emissions across the globe. The European Union pledges to become climate neutral by 2050. To reach this goal, member states will need to account for embodied carbon emissions. Currently, in Germany, there are no regulations that require institutional real estate investors to account for the embodied carbon of their buildings. However, existing voluntary measurement frameworks could be used for embodied carbon accounting. Hence, this is the first systematic study exploring public disclosures by German institutional real estate investors on their embodied carbon emissions to improve the transparency of their emissions. Methods: The study uses a mixed-methods research design. Secondary data was collected using purposive sampling of German institutional real estate investors and investigating their public disclosures via corporate websites. This data was then used to shape exploratory semi-structured interviews with industry experts from those institutions responsible for addressing sustainability issues. Results: While the built environment sector is one of the major contributors of carbon emissions and is under pressure to disclose these in a transparent way in order to evaluate opportunities for reductions, the current public disclosures are limited and lack substance, suggesting that institutional real estate investors in Germany are yet to adequately quantify their environmental impact regarding embodied carbon and, thus, need to improve reporting on their progress towards climate neutrality. Conclusions: This study gives an overview of embodied carbon measuring and accounting tools, current and proposed regulations in Germany, and sets the foundations for best-practice recommendations on embodied carbon accounting across Europe.

Environmental concerns over the effects of construction sector activities necessitate meaningful measures to be taken. Despite worldwide increases in the uptake of environmental management systems (EMS), implementation of EMS across the construction sector of the U.S. remains slow. To date, stakeholder opinions about the uptake of EMS in the construction sector of the U.S. remain unexplored. The purpose of this study is to investigate the views of U.S. stakeholders towards the benefits and barriers of implementing EMS, and how these compare internationally. Underpinned by a positivism philosophy, an online questionnaire survey was used to collect the views of construction professionals (n = 50). Weighted average analysis scores reveal that the benefits of EMS are seen to improve the public perception and credibility of an organization/company and reduce waste levels and are a tool to improve the environmental standards of the U.S.’s construction sector; in contrast, the barriers of EMS are an absence of sub-contractor cooperation and resistance to change in existing company structure and policy, plus the requirement for additional employee training. The potential impact of this work demonstrates not only the role that the U.S. construction sector can play in advancing environmental and sustainability matters using EMS but also the obstacles that need to be addressed to enable their success. Understanding these benefits and barriers at an organizational level could enable them to devise more effective business strategies/policies, where evidence-based practices could be used to support EMS implementation.

Environmental management systems (EMS) enable organisations to manage their environmental impacts. Globalisation has resulted in more organisations needing to engage in environmental sustainability. In developed nations, ISO 14001 provides the key guidance, but in developing nations, sustainability remains a new concept. This study investigates EMS implementation within the Ghanaian construction sector which has low EMS adoption. A critical literature review identified 11 benefits, 11 barriers and 10 strategies for implementing EMS in the construction sector. The views of construction professionals in Ghana were sought regarding the benefits, barriers and strategies. Of 150 questionnaires distributed, 60 were returned and 52 were deemed usable. Data was analysed using the voting analytic hierarchy process (Manu et al., 2019). The results showed that “cost savings due to the reduction of fines associated with convictions” was the main perceived benefit of implementing EMS, while the major barrier was “a lack of government legal enforcement”. The most significant implementation strategy was suggested to be “the implementation of a legal requirement for environmental protection for EMS”. It is concluded that lack of legal requirements may impede ISO 14001 engagement. The recommendation is that environmental regulations and policies are created to encourage the adoption of EMS.

Despite much debate on Company Voluntary Arrangements (CVA) among UK retailers, understanding of retail CVAs remains limited. There is continuing uncertainty about the uptake of CVAs, what aspects lead to successful outcomes and whether CVAs can be viewed as a remedy for struggling UK retailers. To address these questions, we developed and analysed a novel and detailed dataset of Companies House records for the population of retailers' CVAs between mid‐2012 and early 2021. We find that CVAs, despite detrimental impacts on other actors (landlords and suppliers), can be a useful tool for some retailers in adjusting to the new market conditions. The uptake of CVAs among retailers is stable, though not among large retailers. Retail CVAs help to avoid immediate business failure, but we found limited evidence of the success and efficient longer term outcome of the procedure, suggesting that alternative methods could be considered. The success and efficiency of CVA do not seem to depend on the size of the business, but there are variations in both the uptake and efficiency of CVAs across retail sub‐sectors. This suggests that a range of mechanisms are required to cater to the different needs across retail categories. Despite the market challenges, CVAs are not prolonged on average. However, longer duration CVAs seem to have a lower chance of succeeding and of being efficient implying that CVA cannot remedy fundamental business issues. Finally, we observed differences related to who oversees the procedure, suggesting that greater emphasis should be put on upskilling and selection of insolvency practitioners.

Purpose: In light of the ever-growing complexity of real estate transactions, the need for vendors and buyers to better understand the role of vendor due diligence (VDD) is imperative. The purpose of this paper is twofold: firstly, it provides a detailed literature review regarding the role of VDD from both the vendor's and buyers' perspectives. Secondly, it analyses the value of VDD over and above the buyer's due diligence (BDD) in real estate transactions by proposing a theoretical model involving two-stage auctions.Design/methodology/approach: Real-world examples from the industry are used as a motivation behind listing a set of practical questions. A theoretical construct is built to approximate the real estate environment under study. The construct is then studied from a game-theoretic perspective to obtain theoretical answers to the questions. These answers are then used to shape recommendations for the relevant industry and beyond.Findings: The model suggested accommodates the feature that even though the VDD is broadly increasing informational efficiency in the market, its value is limited and sometimes harmful when the vendors have a sound prior understanding of their assets and the buyers' pre-transaction information about the asset is already high.Originality/value: Though the real estate market is considered here, the theoretical model we propose is applicable to any other complex asset transaction decision that supports endogenous information disclosure considerations using VDD.