Climate Change and the Global Construction Sector: Evolve or Lose Out

Driven by climate change risks, a major transition within the construction industry is under way. Net-zero targets for both construction operations and the built environment are compelling construction companies to develop and implement new construction techniques in pursuit of achieving their own carbon reduction goals—and those of their clients. According to Margaret Rabba, Vice President of Diversified Industries, “builders that are willing and able to make the necessary financial investments and operational adjustments in the near term will benefit from the considerable opportunities related to increased global demand for climate-friendly construction services. Alternatively, the companies that do not dedicate the appropriate resources to future proofing their operations and offering differentiated services may lose out on potentially lucrative opportunities.”