ESG-compliance: A market worth over $30 billion, but few see its value yet

FM newsroom – ESG compliance. According to the latest data from the international consulting firm PwC, the value of investments that comply with ESG standards will reach $33.9 billion globally by 2026. However, construction professionals routinely underestimate the role of digital solutions in ensuring ESG compliance. According to a survey, only a third of them are aware of the benefits of using modern technologies.

PlanRadar’s survey shows that 3 out of 5 institutional investors clearly believe that ESG-compliant investments are much more efficient than those that do not meet ESG standards. For construction companies worldwide, this is a major market that opens up space for sustainable growth—FMbusiness.hu reports.

The ESG report provides a comprehensive picture of how companies operate, bringing together environmental, social and governance aspects.

What is required to obtain an environmental certificate?

To obtain the environmental protection certificate, companies must:

  • implement energy-efficient practices,
  • reduce their emissions,
  • use natural resources efficiently, 
  • reduce waste production,
  • and conserve natural habitats.

Professionals rarely assess the effectiveness of digital tools

The most important lesson of PlanRadar’s two research studies is that experts do not evaluate the efficiency and effectiveness of digital tools in terms of environmental protection.

In Hungary, construction professionals are open to new ideas, but as in other countries, there is room for improvement.

More than 40 percent of the respondents considered the use of digital platforms to be very supportive in managing ESG certifications. This is well above the average and corresponds to the second-highest percentage in the ranking of the countries surveyed.

In line with international results, 62% of respondents believe that digital solutions can reduce paper use, and 40% believe that IT tools can positively impact waste reduction.

Professionals agree that the main advantage of digital platforms is that they provide an easy way to integrate ESG practices into construction, real estate and facilities management operations through up-to-date documentation, good communication between stakeholders and simple integration.

Key features provided by the platforms

  • ESG data collection: detailed logging of each construction phase with accurate location tagging with photographic evidence for ESG and technical due diligence.
  • Automated reporting: turn data into comprehensive reports for audits, supplier management, customer communication and documentation.
  • Waste and rework reduction: efficient documentation and tracking to minimise rework, saving time and resources.
  • Risk mitigation: rapid review and evaluation of risks and costs, supporting informed decision-making for sustainable and energy-efficient practices.
  • Safety and quality control: using inspections, QR codes and NFC tags to improve the safety and quality of the worksite.

Share

You might also like