Did you know that the total value of the green building market is predicted to reach $99.8 billion in the US alone within the next 2 years? (1)

According to the World Green Building Council, the definition of a green building is: “… a building that, in its design, construction or operation, reduces or eliminates negative impacts, and can create positive impacts, on our climate and natural environment. Green buildings preserve precious natural resources and improve our quality of life.” Key features of these structures include: the use of renewable energy sources, the efficient use of resources and the use of sustainable and non-toxic building materials.

While aspects the green construction, such as energy efficiency, were introduced in the 1970s, according to the Environmental Protection Agency, it gained momentum in the 1990s, with the introduction of official bodies (e.g., U.S. Green Building Council) and initiatives (e.g., ENERGY STAR program). (3) Of course, that is not to say that the journey has been smooth—green construction advocates have been met with resistance from the traditional energy providers (e.g., fossil fuel providers) throughout the years. Despite this, the green construction movement has continued to forge ahead, benefitting businesses and individuals alike across the globe.

The Rise and Rise of the Green Construction Movement

If there ever was a question about how impactful green construction is and will be in the future, here are some powerful figures to quantify the benefits: (1)

Global

  1. The value of the global green “construction materials market” is expected to increase by a compound annual growth rate (CAGR) of 10% in the near future. Given present course and speed, green construction will soon exceed $1 trillion in value.
  2. With proper long-term planning, green construction can reduce energy consumption by up to 50% in the next 30 years.
  3. Green construction can reduce the global carbon footprint by up to 84 gigatons within the next 30 years.

United States

  1. The number of LEED-certified homes has increased by almost 20% in the last 4 years.
  2. LEED-certified buildings lead to 25% savings in energy consumption.
  3. 17% of green buildings are part of academic institutions

The Environmental, Business and Health Benefits Generated by Green Construction

Whether you view it from an environmental perspective or purely through a business lens, the benefits of green construction are undeniable. (2)

  • Environmental Benefits
    • Reduction in greenhouse gas emissions
    • Increase in energy efficiency
    • Reduction in water and land use
  • Business Benefits
    • Reduced costs due to the decreased use of natural resources
    • Lower maintenance costs
  • Health Benefits
    • Better indoor air quality “improves brain function” and leads to better performance at work

So How Do Our Customers Help their Clients Embrace Sustainability Practices and Technologies to Protect the Environment?

At CMiC, we are committed to doing our part on the environmental protection front. For example, two of our renewable energy customers, who run their businesses with CMiC’s construction management platform, continue to exceed their green objectives.

Affordable Solar implemented CMiC’s ERP and field applications to drive automation, cross-functional integration and scalability. Given their renewable energy focus, the solar array provider continues to play a critical role in helping their customers lower their carbon footprint.

In the Middle East, ALEC deployed the CMiC platform to unify key processes and support international best practices and collaboration. Their achievements in the renewable energy arena include establishing a dedicated solar array construction division (ALEC Energy); focusing on low and net zero-energy construction projects; and winning 12 Environment Health & Safety Leader of the Year Awards.

By adopting the right capabilities, these firms help their clients embrace sustainable practices and technologies. What’s more—playing a role in their success reinforces our commitment to environmental sustainability.

To learn more about our customers and their accomplishments, click here.

 

Sources

  1. 26 Amazing Green Building Statistics for a Cleaner 2021
  2. About Green Building
  3. Green Building