EURO 2024 Copenhagen
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2856. An ESG Indicators Framework for Construction and Real Estate Companies

Invited abstract in session MD-47: How to support complex decisions. Negotiating the trade-off between Social, Environmental and Economic values 2, stream Multiple Criteria Decision Analysis.

Monday, 14:30-16:00
Room: 50 (building: 324)

Authors (first author is the speaker)

1. Daniela Santana Tovar
Piedmont, Politecnico di Torino
2. Sara Torabi
Interuniversity Department of Regional and Urban Studies and Planning (DIST), Politecnico di Torino
3. Patrizia Lombardi
DIST, Polytechnic of Turin

Abstract

The construction industry is widely recognized as one of the most environmentally sensitive sectors, having a significant impact when adopting sustainable development practices. Environmental, Social and Governance (ESG) stand as the three primary pillars of a company’s sustainability performance, which contrast with the pillars defining sustainable development. Notably, ESG play a critical role in evaluating company performance by revealing inherent risks. Despite the widespread use of indicators, there exists a notable gap in those specifically oriented to assess company performance within the construction industry. However, research in how to achieve a standard framework to evaluate and report ESG performance in companies are still very limited. This paper aims to develop a framework of indicators relevant to the construction industry within a European context, serving as a tool to measure ESG performance. The methodology consists of the characterization of a set of indicators drawn from established protocols for assessing and reporting ESG criteria such as GRI and GRESB. Through a selection process, 169 indicators categorized into environmental, social and governance, enables construction companies to assess comprehensively ESG performance. Future research opportunities include in the definition of a methodology to identify material indicators for each company and the definition of benchmarks in the contextualization of the framework.

Keywords

Status: accepted


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