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Global Market Scan: The construction industry under an ESG microscope - constructconnect.com

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In addition to using profitability as a measure of success, the public and many investors are now looking at ESG (Environmental, Social, Governance) standards when evaluating companies and their business models. “Environmental” guidelines help companies

September 29, 2023

The history of ESG began in the 1960s when investors decided to filter out companies involved in businesses that supported the South African apartheid regime or were engaged in tobacco product manufacturing., initiated by UN Secretary-General Kofi Annan. The report stated adhering to ESG guidelines would allow businesses to manage their risks more effectively. However, critics of this approach claimed regulations would limit profitability and deter businesses from reaching their full potential.

Based on today’s reporting requirements, publicly listed companies must disclose detailed information, including ESG-related risks, on a regular basis. According to Sustainalytics, the ESG ratings for Lennar, D.R. Horton, Rio Tinto and Caterpillar range from mid to high., with the highest risk value of 8.9 allocated to its environmental-impact behaviour.

With respect to its governance position, 43 per cent of the company’s employees are female, and 50 per cent of its board directors are ethnically or gender diverse.The company has a high ESG Risk Rating of 34

 

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