Societal shifts in values have persuaded businesses to
demonstrate their ESG contributions and reduce the environmental
and social harm they may cause in the communities where they
operate. Financial institutions are now observing ESG performance
of a business as a marker of sustainability and resilience that
goes beyond the balance sheet, and therefore also informs lending
criteria. Similarly, ESG considerations are factored in by many
investors prior to allocating their investment capital.
How does ESG impact the construction industry?
The construction industry faces regulatory, reporting,
investment, and consumer pressure to clean up its ESG impact over
its heavy use of resources and production of significant waste. In
Malaysia, the construction industry records the employment of
approximately 1.38 million people1 and is responsible
for generating approximately 25,600 tonnes of construction and
demolition wastes every day2. Clearly, the
construction industry has
