Speaker
Description
Construction is considered one of the most environmentally sensitive industries that should adopt and encourage sustainable development practices (Mahmoud & Beheiry, 2021). The construction sector is currently responsible for at least 37 percent of global emissions, 40% of Energy consumption, 50% of Raw materials extraction, 21% Use of potable water, and 18 Million job positions (EU). Environmental, Social, and Governance (ESG) represent the three major pillars of a company’s sustainability performance, contrasted to the pillars in the definition of sustainable development. ESG reports are also crucial for a company since it is also able to expose a firm’s risks. In some cases, researchers have claimed that business responsibility with sustainability and the making of integrated reports is no longer a choice, but an imperative, and also an economic opportunity for businesses to become more attractive to the market, when becoming agents of sustainable development. In order to determine the challenges and current considerations of ESG applications in construction companies in Italy a theoretical study has been conducted followed by a focus group with experts in the field. The results from this study highlight the need for a framework that can measure sustainable development in construction companies, to standardize progress in climate change mitigation and advancement in the achieving of the 2030 agenda. This paper aims to illustrate and discuss major findings and future research steps in the field.
| Keywords | ESG, sustainability, indicators, reporting |
|---|---|
| Topics | Impact of climate change on the built environment, Sustainability management, ESG |
