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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, 14:30-16:00Room: 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
- Sustainable Development
- Risk Analysis and Management
Status: accepted
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