Climate Change and the Global Construction Sector: Evolve or Lose Out
Driven by climate change risks, a major transition within the construction industry is under way. Net-zero targets for both construction operations and the built environment are compelling construction companies to develop and implement new construction techniques in pursuit of achieving their own carbon reduction goals—and those of their clients. According to Margaret Rabba, Vice President of Diversified Industries, “builders that are willing and able to make the necessary financial investments and operational adjustments in the near term will benefit from the considerable opportunities related to increased global demand for climate-friendly construction services. Alternatively, the companies that do not dedicate the appropriate resources to future proofing their operations and offering differentiated services may lose out on potentially lucrative opportunities.”SNC-Lavalin Group is an engineering and construction group, and is engaged in the ownership of infrastructure and in the provision of operations and maintenance services. Co.'s segments are: mining and metallurgy, which provide tailored solutions for projects in the aluminum, gold, copper product sectors, among others; oil and gas, which includes projects for oil and gas and resources companies; power, which includes projects and services in hydro, and nuclear and thermal power generation, among others; infrastructure, which include infrastructure & construction, and operations and maintenance; capital, which invest in equity or subordinated debt into projects for public services.
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