ESG (Environmental, Social, and Governance) in Construction - Thematic Research
Summary
Early engagement with all stakeholders, including suppliers, subcontractors, and local communities, is key to helping construction companies excel at environmental, social, and governance (ESG). Companies that understand and engage with ESG initiatives now and demonstrate their ability and willingness at the tender stage will win more contracts and turn more profits. Companies that perform poorly in environmental and social issues likely do so due to poor governance.
Scope
- GlobalData’s ESG framework which contains contributing factors to ESG issues, with mitigating actions for each issue.
- The ESG challenges facing the construction industry, together with thorough discussion of steps companies can take to mitigate these challenges.
- GlobalData’s ESG in construction sentiment survey results, analysis, and what this means for the construction industry.
- Detailed descriptions of the main environmental certifications and frameworks available to the construction industry. Adhering to environmental certifications or frameworks may not only help adherence to increasingly complex environmental regulations but also enable access to green finance and attract tenants and investors.
- Case studies of leading and lagging environmental, social, and governance action in the construction industry, including a primary research case study showing how positive engagement with ESG can lead to financial returns, for contractors and investors alike.
- Unique thematic scorecard showing 48 global construction companies that predicts the success of construction companies in the next 2-5 years. Companies are scored in artificial intelligence (AI), ESG, and eight other themes that will disrupt the construction sector.
Reasons to Buy- Position yourself for the future and create your ESG strategy using GlobalData’s ESG framework.
- Identify key technology, macro, and industry trends affecting and shaping the ESG theme in the construction industry, including artificial intelligence (AI), health and safety, and renovations, refurbishments, and retrofittings.
- Benchmark your company against 48 companies in the construction sector in terms of how prepared each business to handle the 10 most disruptive themes in the sector, including ESG.
- Identify the leading and lagging companies in the industry, as well as potential investment.
- Understand the ESG action feedback loop, a market mechanism that drives reputational and competitive advantage, incentivizing further action, and drawing more participation.
- Executive summary
- GlobalData's ESG framework
- Table Figure 1: GlobalData's ESG framework
- Environmental factors
- Social factors
- Governance factors
- Contributing factors and mitigating actions
- Table Figure 2: Contributing factors and mitigating actions form part of our ESG framework
- Trends
- Table Figure 3: Top trends shaping the EGS theme in construction over the next 12 to 24 months
- Technology trends
- Macroeconomic trends
- Table Macroeconomic trends
- Industry trends
- The ESG action feedback loop
- Table Figure 4: All stakeholders are pushing in the same direction – demanding action on ESG
- Sentiment survey
- Methodology
- ESG issues of concern
- Table Figure 5: Health and safety is the top ESG issue of concern for the construction industry
- Table Figure 6: Improving health and safety is the biggest focus for construction companies
- Table Figure 7: On-site worker safety is the most developed ESG activity in the construction sector
- Table Figure 8: Contractors and subcontractors feel on-site worker safety is the most developed ESG activity
- ESG uptake
- Table Figure 9: 11% of survey respondents believe that ESG factors frequently influence companies' decisions when choosing whom to do business with
- Table Figure 10: 20% said sustainable construction capabilities are not important when competing for clients
- Table Figure 11: Construction cost is the main barrier to investment in ESG activities
- Table Figure 12: 61% of respondents have experienced increasing client demand for sustainable construction methods
- ESG challenges in construction
- Environmental challenges
- Table Figure 13: GlobalData's ESG framework – environmental factors
- Climate change
- Turning the blue planet gray
- Renovations, refurbishments, and retrofittings
- Certifications and frameworks
- Table Figure 14: Digital twins are being used to rebuild the Notre Dame Cathedral in Paris
- Table Figure 15: LinkedIn's Middlefield campus is targeting a carbon-negative status
- Table Certifications and frameworks
- Social challenges
- Table Figure 16: GlobalData's ESG framework – social factors
- Health and safety
- Community impact
- Table Figure 17: Mini Sky City was built in 19 days
- Human rights
- Diversity and inclusion
- Table Figure 18: Women in construction were asked why they think so many women leave construction.
- Governance challenges
- Table Figure 19: GlobalData's ESG framework – governance factors
- Risk management
- Corruption and bribery
- Ethics
- Case studies
- Environmental
- Multiplex: Leader delivers a net-zero carbon project in London
- Table Figure 20: 80 Charlotte Street
- Telford Homes: Laggard in pollution
- Social
- Costain and Skanska joint venture: Leader in community impact
- Qatar FIFA World Cup 2022: Laggard in multiple social issues
- Table Figure 21: B4H gets people off the streets and into fulltime employment
- Table Figure 22: Eight stadiums will host World Cup 2022 matches
- Governance
- Highways England: Leader in using PBAs for the ethical treatment of subcontractors
- Odebrecht: Laggard in corruption and bribery
- Carillion: Laggard in risk management that collapsed
- Table Figure 23: Carillion's collapse in numbers
- ESG timeline
- Table Figure 24: The ESG story
- Companies
- Sector scorecard
- Construction sector scorecard
- Who's who
- Table Figure 25: Who does what in the construction space?
- Thematic screen
- Table Figure 26: Thematic screen
- Valuation screen
- Table Figure 27: Valuation screen
- Glossary
- Further reading
- Our thematic research methodology
- Table Figure 28: Our five-step approach for generating a sector scorecard
- About GlobalData
- Contact Us