Proving ESG Compliance

 

Construction professionals underestimate the importance of digital solutions for ESG certification, according to PlanRadar research.

 
June 25, 2024 Real Estate
 

Proving ESG Compliance
 

PlanRadar, a platform for digital documentation, communication, and reporting in construction, facility management, and real estate, has released an analysis on the impact of digital platforms on ESG due diligence. The main finding indicates that only one-third of construction industry professionals believe digital tools are useful for ESG certification management, yet customers of PlanRadar report significant gains when utilising digital tools, highlighting the opportunity still to be seized by the industry. (1,355 professionals from construction and real estate industries from 19 countries, August 2023)
To achieve environmental certification, companies must implement energy-efficient practices, reduce emissions, have an efficient use of natural resources, reduce waste production, and preserve natural habitats. 

Recent data from PwC forecasts ESG investments to surge to US$33.9 trillion by 2026, with three in five institutional investors reporting superior performance from ESG-compliant investments compared to their non-ESG counterparts. For construction companies, this translates into a growing market for projects meeting ESG standards, unlocking significant scope for sustainable growth.
Digital platforms like PlanRadar simplify the path to compliance with documentation, communication, and reporting that seamlessly integrates ESG practices into construction, real
estate and facility management operations. Key features include:
 ESG Data Collection: Detailed logging of each build stage with geo-tagged photographic evidence for ESG and technical due diligence.
 Automated Reporting: Converting data into comprehensive reports for audits, supplier management, client communication, and documentation.

 Waste and Rework Reduction: Efficient documentation and tracking to minimise rework, saving time and resources.
 Risk Reduction: Quick assessment of risks and costs, facilitating informed decision-making for sustainable and energy-efficient practices.
 Safety and Quality Control: Implementation of inspections, QR codes, and NFC tags to enhance job site safety and quality, appealing to investors.
Commenting on the findings and why choosing the right tool for the job is so important, Ibrahim Imam, CEO & Co-Founder at PlanRadar adds, “Contrary to industry perceptions, digital platforms offer substantial benefits in achieving ESG compliance, as this analysis shows. The path to compliance does not have to be complex. '.

ESG compliance  PlanRadar  ESG due deligence  digital documentation  reporting in construction  

MORE FROM BUILT ENVIRONMENT

Mohamed Alabbar on Building a Successful Brand in Real Estate: Quality and Authenticity
Mohamed Alabbar on Building a Successful Brand in Real Estate: Quality and Authenticity

The CEO and Managing Director of Emaar Properties provided insights into building a successful business venture at the 1 Billion Followers Summit 2025

January 15, 2025 UAE Real Estate
Dubai Land Department Urges Property Owners to Join Owners Committees
Dubai Land Department Urges Property Owners to Join Owners Committees

RERA notes that Owners Committees present an excellent opportunity for property owners to contribute to building thriving and sustainable communities aligned with the values of innovation and Dubai’s ambitious vision

January 15, 2025 UAE Community Management
Nakheel partners with six renowned architecture firms to design 10 bespoke Beach Collection villas on Palm Jebel Ali
Nakheel partners with six renowned architecture firms to design 10 bespoke Beach Collection villas on Palm Jebel Ali

Nakheel’s projects form an iconic portfolio of master communities and residential developments that are pivotal to realising Dubai’s vision

January 15, 2025 UAE Real Estate
Capital Central Park: Egypt's Green Heartbeat in the New Administrative Capital
Capital Central Park: Egypt's Green Heartbeat in the New Administrative Capital

A transformative urban park project in Egypt’s New Administrative Capital, designed to promote sustainability, cultural heritage, and community well-being through innovative green infrastructure.

January 15, 2025 Egypt Sustainability
Lacasa Living Unveil Ola Residences at Al Marjan Island
Lacasa Living Unveil Ola Residences at Al Marjan Island

The boutique residences are anticipated to be ready for handover in the first quarter of 2027

January 14, 2025 UAE Real Estate
ENGIE Solutions Secures Major FM Contract for DMCC's Uptown Tower
ENGIE Solutions Secures Major FM Contract for DMCC's Uptown Tower

ENGIE Solutions will provide mechanical, electrical, plumbing, and HVAC systems management, along with specialized technical services vital to maintaining the building's world-class standards.

January 13, 2025 UAE IFM
Waslat Anticipates Five-Fold Revenue Increase by 2028
Waslat Anticipates Five-Fold Revenue Increase by 2028

The platform strengthens Saudi Arabia’s real estate offering with cutting-edge AI solutions, empowering over 750,000 users

January 13, 2025 Saudi Arabia PropTech
The Changing Face of UAE Coworking: Adapting to Market Demands
The Changing Face of UAE Coworking: Adapting to Market Demands

Coworking spaces have expanded beyond freelancers and startups, attracting large enterprises, multinational corporations, and hybrid teams

January 13, 2025 UAE Property Management
Emicool Partners with Quant Gulf to Launch AI-Driven Predictive Maintenance for Enhanced Cooling Efficiency
Emicool Partners with Quant Gulf to Launch AI-Driven Predictive Maintenance for Enhanced Cooling Efficiency

A pilot phase was initially conducted at one of Emicool’s flagship plants, demonstrating the OPTIME Ecosystem’s remarkable benefits, such as reduced operational costs, improved efficiency, and greater energy optimization

January 12, 2025 UAE IFM
Dubai Real Estate Sector Hits New Peak, with 180,900 Transactions Worth AED522.1 billion
Dubai Real Estate Sector Hits New Peak, with 180,900 Transactions Worth AED522.1 billion

The transaction volume surged by 51% to 119,800 in 2024, reflecting a substantial increase in buyer confidence and developer activity

January 7, 2025 UAE Real Estate
 
Subscribe to our newsletter