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Making use of the possibility of decarbonization in construction
As decarbonization initiatives gain momentum, construction magnates can benefit from this growing trend - but only if they see ESG as a strategic opportunity and work with other stakeholders in the ecosystem.
This is a viewpoint that industry leaders share. When more than 100 senior construction executives were asked which trends they thought would accelerate with the COVID-19 crisis, 53% indicated sustainability. Reasons can include increased corporate awareness and understanding, as well as the increasing pressure from investors and financiers
In addition, 10% of them admitted that they had increased investment in sustainable development measures since the beginning of the crisis. Moreover, sustainability has quickly become one of the most common topics our clients ask us about.
An additional factor to consider is that if the lower interest rate environment persists and significant stimulus packages emerge, it could contribute to the deployment of new sustainable infrastructure as well as adaptation and resilience infrastructure. These are investments that would support job creation in the short term. The need for global cooperation on this issue is likely to become more apparent and widely accepted.
Supporting our clients' efforts to improve sustainability in construction is one of Royal Oakland Limited's top priorities. To stimulate progress in this field, we combine our global expertise in engineering, construction and all building materials, total sustainability, capital excellence and real estate practices.
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