Title: Environmental and economic benefits of compliance to green building

Authors: Collins C. Ngwakwe

Addresses: Turfloop Graduate School of Leadership, Faculty of Management and Law, University of Limpopo, Mankweng, Limpopo, South Africa

Abstract: This paper presents an analysis of environmental and economic benefits of compliance to green building. Data were collected from sixty global companies under the World Green Building Council. A logit regression analysis was applied and the statistical findings show a positive and significant relationship between green building code compliance, energy savings, water savings, increase in solar energy usage and corporate revenue growth. This paper indicates that, in addition to environmental benefits, green building code compliance does have economic benefits through improved revenue growth. The paper suggests that future research should expand this research by including more samples of global companies from the World Green Building Council's regional networks and that such future research should adopt time-series analysis to check the extent of these benefits after an extended period of time.

Keywords: green building code; energy savings; water savings; solar energy; revenue benefit; environmental responsibility; bio-economy; green economics.

DOI: 10.1504/IJGE.2019.104510

International Journal of Green Economics, 2019 Vol.13 No.3/4, pp.288 - 299

Received: 27 Jul 2019
Accepted: 09 Nov 2019
Published online: 16 Jan 2020 *

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