GlobeNewswire by notified

Critical crossroads: AEC industry's contribution to global carbon emissions is a shocking statistic

Share

With the Architecture, Engineering, and Construction (AEC) industry contributing more than 37% of global carbon emissions, a new report by RIB Software reveals the urgent need for action to combat rising greenhouse gas emissions. This not only a challenge for the AEC industry, but an imperative for mankind.

With the Architecture, Engineering, and Construction (AEC) industry contributing more than 37% of global carbon emissions,a new report by RIB Software reveals the urgent need for action to combat rising greenhouse gas emissions. This not only a challenge for the AEC industry, but an imperative for mankind. 

According to a panel of climate experts and scientists, greenhouse gas emissions are at an all-time high and accelerating at an unprecedented rate (1). What’s more, the pace and scale of climate action initiatives as a result of human-caused global warming have been insufficient.

This alarming reality means that industries need to intensify their efforts to reduce the environmental impact of CO2 emissions and embodied carbon, if they intend to meet environmental targets. 

The role and impact of the AEC industry

“The RIB Sustainability Report 2023paints a grim picture of an industry in dire need of change should it wish to mitigate the damages caused,” reveals René Wolf, Chief Executive Officer at RIB Software, a global leader in fit-for-purpose digital technologies for the engineering and construction industry.

As the silent yet impactful contributor to CO2 emissions, embodied carbon is one of the construction industry’s most pervasive environmental concerns. With a quarter of all industry-related embodied carbon emissions stemming from the extraction, manufacturing, transportation and installation of materials, the industry’s efforts fall short of its net-zero aspirations.

The need for awareness and accountability

With several hundred RIB customers responding from across the globe, the report highlights several concerning trends. Notably, an astonishing 74% of respondents do not track the embodied carbon emissions in their projects, and only 58% of those who do, do so for a limited number of projects. 

Motivations for tracking their emissions vary, with 27% doing so to align with their company’s sustainability goals, while fewer than 25% doing so to meet their client’s objectives. 

“Respondents cited several reasons for not tracking the emissions of their projects. Surprisingly, 45% claimed that it is not a priority for their clients, while 26% cited a lack of knowledge about effective measurement techniques. Addressing these concerns, we believe that it is pivotal to create a paradigm shift in industry practices,” adds Wolf. 

The survey reveals clear signs of a perception gap, with the majority of respondents underestimating the significance of the industry’s carbon emissions. Here, only half believe that they are responsible for driving change, while 25% acknowledge that tracking embodied carbon is an ethical imperative. 

Paving the path to change

“While the challenges persist, there are signs of progress. Over 80% of companies tracking their embodied carbon emissions have been doing so for less than five years, with promising outcomes. Approximately 77% utilize Environmental Product Declaration (EDP) databases, while 68% employ digital tools to track and reduce the carbon footprints of their projects,” he says.

Though only half of the surveyed companies have carbon reduction strategies in place and 45% have dedicated employees in place to drive sustainable initiatives, there is a glimmer of light at the end of the net-zero tunnel. 

Collaboration needed to drive change

A third of respondents have formally committed to reducing embodied carbon emissions, driven by multiple factors, with legislation (33%), client expectations (28%), and cost/efficiency savings (18%) emerging as the primary catalysts.

“Carbon reduction in the AEC industry requires a collaborative effort that involves various stakeholders, each with a unique role to play in minimizing the project's environmental impact,” adds Wolf.

As such, architects, designers, engineers, contractors, suppliers, manufacturers, clients, developers, researchers, regulatory bodies and government need to unite and promote energy efficiency, low-carbon materials and sustainable practices at every turn. 

Building a sustainable legacy

Collaboration among these stakeholders is essential to achieve meaningful carbon reduction in construction projects. Effective communication, shared goals, and a commitment to sustainability at every stage of the project lifecycle will undoubtedly contribute to and result in a more environmentally responsible built environment.

“The construction industry is at a pivotal juncture, tasked with not just erecting structures, but also building a sustainable legacy. These insights underscore the need for collective action to bridge the gap between intentions and impact. 

“As stakeholders within this dynamic landscape, the onus is on us to drive transformation, advocate for informed decisions, and pioneer innovative strategies and technologies that lead us to a future where efficiency and sustainability is not just a goal, but a way of life,” concludes Wolf.

References

1. Greenhouse gas emissions at “an all-time high” -- and it is causing an unprecedented rate of global warming, say scientists [Internet]. ScienceDaily. [cited 2023 Aug 22]. Available from: https://www.sciencedaily.com/releases/2023/06/230608121013.htm

About RIB Software

Driven by transformative digital technologies and trends, RIB is committed to propelling the industry forward and making engineering and construction more efficient and sustainable.

Throughout its 60-year history, the business has expanded its global footprint to incorporate more than 550,000 users and 2,300 talents, with the vision of transforming the operation into a worldwide powerhouse and providing innovative software solutions to its core markets – while placing its people at the heart of everything it does.

Managing the entire project lifecycle, from planning and construction, to operation and maintenance, the development of RIB’s portfolio of software solutions is driven by industry expertise, best practice and a passion to remain at the cutting edge of technology. 

Ultimately, it aims to connect people, processes and data in innovative ways to ensure its customers always complete projects within budget, on time and to high quality, while reducing their carbon footprints. 

RIB Software is a proud Schneider Electric company.

Kim Immelman 

Kim.Immelman@rib-software.com

Attachment

To view this piece of content from www.globenewswire.com, please give your consent at the top of this page.
To view this piece of content from ml-eu.globenewswire.com, please give your consent at the top of this page.

About GlobeNewswire by notified

GlobeNewswire by notified
GlobeNewswire by notified
One Liberty Plaza - 165 Broadway
NY 10006 New York

https://notified.com

GlobeNewswire by notified is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Subscribe to releases from GlobeNewswire by notified

Subscribe to all the latest releases from GlobeNewswire by notified by registering your e-mail address below. You can unsubscribe at any time.

Latest releases from GlobeNewswire by notified

Iveco Group signs a 150 million euro term loan facility with Cassa Depositi e Prestiti to support investments in research, development and innovation11.6.2024 12:00:00 CEST | Press release

Turin, 11th June 2024. Iveco Group N.V. (EXM: IVG), a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain and related Financial Services arenas, has successfully signed a term loan facility of 150 million euros with Cassa Depositi e Prestiti (CDP), for the creation of new projects in Italy dedicated to research, development and innovation. In detail, through the resources made available by CDP, Iveco Group will develop innovative technologies and architectures in the field of electric propulsion and further develop solutions for autonomous driving, digitalisation and vehicle connectivity aimed at increasing efficiency, safety, driving comfort and productivity. The financed investments, which will have a 5-year amortising profile, will be made by Iveco Group in Italy by the end of 2025. Iveco Group N.V. (EXM: IVG) is the home of unique people and brands that power your business and mission to advance a more sustainable society. The eight brands are each a

DSV, 1115 - SHARE BUYBACK IN DSV A/S11.6.2024 11:22:17 CEST | Press release

Company Announcement No. 1115 On 24 April 2024, we initiated a share buyback programme, as described in Company Announcement No. 1104. According to the programme, the company will in the period from 24 April 2024 until 23 July 2024 purchase own shares up to a maximum value of DKK 1,000 million, and no more than 1,700,000 shares, corresponding to 0.79% of the share capital at commencement of the programme. The programme has been implemented in accordance with Regulation No. 596/2014 of the European Parliament and Council of 16 April 2014 (“MAR”) (save for the rules on share buyback programmes set out in MAR article 5) and the Commission Delegated Regulation (EU) 2016/1052, also referred to as the Safe Harbour rules. Trading dayNumber of shares bought backAverage transaction priceAmount DKKAccumulated trading for days 1-25478,1001,023.01489,100,86026:3 June 20247,0001,050.597,354,13027:4 June 20245,0001,055.705,278,50028:6 June20243,0001,096.273,288,81029:7 June 20244,0001,106.174,424,68

Landsbankinn hf.: Offering of covered bonds11.6.2024 11:16:36 CEST | Press release

Landsbankinn will offer covered bonds for sale via auction held on Thursday 13 June at 15:00. An inflation-linked series, LBANK CBI 30, will be offered for sale. In connection with the auction, a covered bond exchange offering will take place, where holders of the inflation-linked series LBANK CBI 24 can sell the covered bonds in the series against covered bonds bought in the above-mentioned auction. The clean price of the bonds is predefined at 99,594. Expected settlement date is 20 June 2024. Covered bonds issued by Landsbankinn are rated A+ with stable outlook by S&P Global Ratings. Landsbankinn Capital Markets will manage the auction. For further information, please call +354 410 7330 or email verdbrefamidlun@landsbankinn.is.

Relay42 unlocks customer intelligence with a new insights and reporting module, powered by Amazon QuickSight11.6.2024 11:00:00 CEST | Press release

AMSTERDAM, June 11, 2024 (GLOBE NEWSWIRE) -- Relay42, a leading European Customer Data Platform (CDP), is leveraging Amazon QuickSight to power its new real-time customer intelligence, reporting, and dashboard module. Harnessing the breadth and quality of customer data, the new Insights module empowers marketing teams to dive deep into customer behaviors and gain invaluable insights into the performance of their marketing programs across all online, offline, paid, and owned marketing channels. Preview of the Relay42 Insights module, in pre-beta version Key capabilities of the Relay42 Insights module include: Deep insights into customer behaviors: With the Relay42 Insights module, marketers can ask unlimited questions about their data and gain a deeper understanding of how to serve their customers more effectively. Simplicity with AI-powered querying: Marketers can use artificial intelligence to query their data using natural language search, reducing the reliance on data scientists. Us

Metasphere Labs Announces X Spaces Event on the Topic of Green Bitcoin Mining and Sound Money for Sustainability11.6.2024 10:30:00 CEST | Press release

VANCOUVER, British Columbia, June 11, 2024 (GLOBE NEWSWIRE) -- Metasphere Labs Inc. (formerly Looking Glass Labs Ltd., "Metasphere Labs" or the "Company") (Cboe Canada: LABZ) (OTC: LABZF) (FRA: H1N) is thrilled to announce an engaging Twitter Spaces event on Green Bitcoin mining, energy markets, and sustainability on July 3, 2024 at 2 p.m. ET. Follow us on X at MetasphereLabs for updates and to join the event. What We'll Discuss Bitcoin Mining Basics: Understand the fundamentals of Bitcoin mining.Energy Market Dynamics: Explore how Bitcoin mining interacts with energy markets.Sustainable Innovations: Learn about our efforts to promote sustainability in Bitcoin mining.Sound Money: Discover how tamper-proof currency can enhance stability.Efficient Payment Rails: See how fast, neutral payment systems support humanitarian projects.Carbon Footprint: Compare Bitcoin's environmental impact with traditional banking. "We're excited to host this event and dive into the critical topics of Bitcoin

World GlobeA line styled icon from Orion Icon Library.HiddenA line styled icon from Orion Icon Library.Eye