Net Zero Strategies in the Construction Sector – Thematic Intelligence
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Reasons to buy the ‘Net Zero Strategies in the Construction Sector’ thematic intelligence report:
- Gain in-depth insight into the net zero targets and performance of 20 construction majors.
- Elucidate the importance of a net zero strategy in the construction sector.
- Analyze the progress made by leading companies within the theme to achieve their emission target.
- Assess the net zero strategies in the construction sector to develop effective business plans and gain a competitive edge.
How is our ‘Net Zero Strategies in the Construction Sector’ report unique from other reports in the market?
- Discuss the impact of GHG emissions by construction companies.
- Examine the strategies adopted by construction companies to mitigate emissions.
- Evaluate various scopes of emissions emanating from the construction industry.
- Benchmark the leading companies based on their emissions reduction pathway and net zero commitments to gain a competitive advantage.
We recommend this valuable source of information to anyone involved in:
- Contractors Including Civil Works, Electrical, HVAC, and Others
- Consultants/Designers
- Building Material Merchants/Players
- Construction Equipment Suppliers
- Technology Leaders and Startups
- Business Development and Market Intelligence
- Investment Analysts and Portfolio Managers
- Professional Services – Investment Banks, PE/VC firms
- M&A/Investment, Management Consultants, and Consulting Firms
To Get a Snapshot of the Net Zero Strategies in the Construction Sector Thematic Report
Net Zero Strategies in Construction Thematic Report Overview
Net zero means cutting greenhouse gas emissions (GHG) to as close to zero as possible. Firms that achieve net zero emissions are called “carbon neutral.” Companies are under pressure to cut emissions as countries aim to achieve their climate commitments. Emissions are offset by supporting projects that reduce emissions or remove greenhouse gases from the atmosphere.
The “Net Zero Strategies in Construction” thematic intelligence report gives you an in-depth insight into the net zero targets and performance of 20 leading construction companies. The report elucidates the importance of a net zero strategy in the construction sector along with the progress made by the leading retailers to achieve the emission target. These detailed analyses are critical in developing effective business plans to gain a competitive edge.
A Stylized Net Zero Strategy
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Leading Companies | · Balfour Beatty
· Skanska · Vinci Construction |
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Construction Sector - Scope 1, 2, and 3 Emissions Strategies
Construction companies can utilize renewable energy sources, target energy efficiency, and implement carbon capture to reduce scope 1 and 2 emissions. Sourcing electricity from renewable energy sources for offices on project sites is one of the first things construction companies typically do early in the net zero strategy. For this purpose, they can invest in the development of solar photovoltaic plants and other renewable energy infrastructure projects at construction sites and offices. Construction companies can also procure renewable energy from local sources such as wind farms, solar plants,and others.
To reduce scope 3 emissions, construction companies can use sustainable materials, manage the supply chain, adhere to frameworks and certifications, and implement digital solutions. If companies choose construction materials with a lower carbon footprint, Scope 3 emission is targeted. In addition, using recycled, reclaimed, or locally sourced materials reduces energy use and waste production.
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Construction Sector - Net Zero Strategies of Leading Companies
A few construction companies evaluated in this report are Balfour Beatty, Skanska, and Vinci Construction, among others.
Balfour Beatty is working with supply chain partners to report and reduce the embodied carbon in materials they supply to the company. The company is also collaborating across the value chain to develop new solutions and technologies to drive net zero outcomes for customers. It is switching to renewable electricity across all its operations and is claiming that it is decarbonizing its plant and fleet.
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Key Highlights
A minority of construction companies analysed are targeting net zero in all scopes > Most construction companies are focusing on short term actionable targets in their supply chain for Scopes 1 and 2 emissions. Some construction companies are targeting major
CO 2 reductions by as early as 2025.
Scope 1 and 2, which are generated by business operations, make up around 15% of total emissions > Most emissions in construction are Scope 3. Construction activities contribute to greenhouse gas emissions through the manufacture of construction products, transportation of materials to construction sites, and the management of construction waste. There is some degree of variety in the ratio of Scope 1 to Scope 2 emissions in the construction sector, with a small minority of companies having a greater percentage share of Scope 2 emissions.
Shifting power sources is one way in which construction companies are cutting Scope 1 and 2 emissions > Sourcing electricity from renewable energy sources for offices one project sites is one of the first things construction companies typically look to do early in the net zero strategy. Deploying strategies targeting sustainable sources of energy, energy efficiency, and the electrification of operations can all potentially reduce emissions significantly
Supply chain collaboration is key to reducing value chain emissions > Managing the construction supply chain is crucial for reducing Scope 3 emissions and involves working closely with suppliers to ensure they adhere to sustainable practices and provide low carbon products. Companies need to work with downstream industries to jointly develop and implement emission reduction initiatives such as the optimization of transport methods and the use of cleaner sources of energy and energy efficient technologies.
Doosan
Maire Tecnimont Spa
Larsen & Toubro
Shimizu
ACS Group
Hyundai Engineering & Construction
Strabag SE
WeBuild
Balfour Beatty
TechnipFMC
Skanska AB
Ferrovial SE
Petrofac
Saipem Spa
Table of Contents
Frequently asked questions
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What does net zero emission mean?
Net zero means cutting greenhouse gas emissions (GHG) to as close to zero as possible.
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What are the key strategies used by construction companies to reduce Scope 1 and 2 emissions?
Construction companies can utilize renewable energy sources, target energy efficiency, and implement carbon capture to reduce scope 1 and 2 emissions.
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What are the key strategies used by construction companies to reduce Scope 3 emissions?
To reduce scope 3 emissions, construction companies can use sustainable materials, manage the supply chain, adhere to frameworks and certifications, and implement digital solutions.
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Which are the leading companies working on net zero emission in the construction sector?
A few construction companies working on net zero emission in the construction sector are Balfour Beatty, Skanska, and Vinci Construction, among others.
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