Financial Benefits Drive Growth in Green Building Practices

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Published On
Nov 15, 2021

Dodge Data & Analytics released the fourth edition of its “World Green Building Trends SmartMarket Report 2021,” which makes a clear case that the design and construction industry is committed to building green.

The study looked at the drivers and business benefits of green building across 79 countries. The report has been released annually since 2012, and it continues to show how green building offers powerful financial benefits in addition to the social and environmental improvements.

“The findings reveal that architects, engineers, contractors, owners, and investors from around the globe expect to engage in an increased level of green building in the next three years,” said Dodge Data & Analytics. “Today, 28% of all respondents report that most of their building projects qualify as green, and 42% anticipate being at that level within the next three years, expanding that group by 50%.”

This year’s report also includes new information about the importance and expected use of several new priorities and approaches to green building. The most important of these approaches is the creation of net-zero/net-positive buildings, ranked in the top three by nearly half (47%) of all global respondents. Nearly that many respondents also expect to construct these buildings in the next three years. More than 40% of respondents expect to use three other new approaches to increasing sustainability in the next five years: controlling the embodied carbon in buildings, employing strategies to increase resiliency and engaging in prefabrication and modular construction.

“In the midst of a chaotic year, the consistency and degree of commitment to green building is extremely encouraging,” said Donna Laquidara-Carr, industry insights research director for Dodge Data & Analytics. “This suggests that green building will remain a priority for the foreseeable future.”

According to the U.S. Green Building Council (USGBC), the report highlights the various factors that are driving commitments to green building.

“Industry professionals surveyed cite both social and financial reasons for increasing their green building efforts, with top reasons including lowering operating costs, lowering carbon emissions, reducing energy and water consumption, market demand, building healthier buildings, living up to internal corporate commitments, and that it’s the ‘right thing to do,’” said the USGBC.

“The World Green Building Trends report underscores the increasing importance that governments, corporations and institutions are placing on green buildings for our climate, health and economy,” said Peter Templeton, president and CEO of the USGBC.

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