Sustainability Factors to Impact Your Construction Project

As more executives realize that sustainable choices are actually good for business, more engineering and construction companies will set commitments and adopt sustainable practices that balance the bottom line with the ‘green’ line. For example, the replacement of business travel with remote collaboration enhances sustainability and cuts down on travel costs, right? The same can apply to multiple facets in sustainable construction. The companies that commit to their sustainability journeys today will be the ones that remain competitive and relevant tomorrow. 

 Here a are a few sustainability factors in construction:

Increasing government regulations:

New regulations, such as the Construction Products Regulation(CPR) and the European Green Deal, are demanding increased environmental measures, which place more scrutiny on how projects are designed, constructed, and maintained. The United Nations has announced several ambitious targets for sustainability in construction. For example, the target reduction rate for energy intensity per square meter in buildings will be approximately 30% by 2030, as defined by the Paris Agreement. Increased regulations are pushing engineering and construction companies to look for more circular and sustainable solutions.  

Controlling costs:

Cost-efficiency is still a key consideration for most engineering and construction companies. As the cost of raw materials continues to climb, business leaders need to plan and manage construction projects using the most cost-effective products and raw materials possible, while ensuring workers and heavy machinery are not sitting idle. If sustainable materials or processes are too expensive, decision-makers may choose not to use them. On the other hand, reducing the high cost of energy consumption typically lowers costs while also improving sustainability efforts for this energy-intensive industry.  

Expanding environmental concerns:

A growing number of organizations and regulatory groups are pressuring engineering and construction companies to design and build more eco-friendly structures. As demand for environmental considerations builds, a growing number of investors are questioning traditional construction methods and pushing for more sustainable business practices.

Our team at FMG Construction makes sure to stay up to date on all regulatory and environmental factors that could impact your project. Learn more about our commitment to sustainable practices company wide.

Source: Forbes - The Construction Industry Is Getting Greener: Why, How, And What’s Changing?