Between 2011 and 2012, buyer sustainability management budgets in the construction industry are expected to rise by 7%. This is believed to reflect the increasing need to adopt sustainability, comply with legislation, meet client demand and the interest of internal management in sustainability issues during the period.
Between 2011 and 2012, global respondents from supplier companies are expected to record an average increase of 4% in their sustainability budgets, which can be attributed to the increasing demand from clients, cost savings and the need to adopt green technologies. Compliance with legislation’, ‘positive outcomes for the environment’ and ‘cost savings and operational efficiency’ ranked high for respondents from both buyer and supplier companies, as factors that influence the sustainability efforts of their organizations. As a general perception, sustainability is considered as a cost itself, however, in reality ‘cost savings’ act as a key driver for many companies in the global construction industry.
The implementation of sustainability is most prominent in the ‘production process’ and ‘transportation’ functions in the construction equipment and materials supplier category, while in other construction industry service providers, it is most implemented in ‘planning, design, and engineering process’ and ‘maintenance operations’.
This report contains in-depth analysis on the principal drivers and challenges with regards to sustainability plus the market-specific growth opportunities associated with the implementation of sustainable practices. It also benchmarks successful sustainable initiatives and energy-efficiency measures adopted by various companies. This report also examines the impact of sustainability on profits and cost saving targets set by companies. The report also analyzes the sustainability procurement and marketing practices adopted by various companies.
· Drive revenues and cut costs by benchmarking the use of sustainability in the industry and identify new opportunities for growth.
· The report uncovers the business outlook, key sustainability challenges and opportunities identified by suppliers and buyers, enabling industry stakeholders to understand major trends affecting the industry.
· The report is based on primary survey research conducted by ICD Research accessing its premium B2B panels comprised of senior purchase decision makers and leading supplier organizations.
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