Page 79 - ICE BUSINESS TIMES March 2020

Role of
Construction and
Real Estate in
Achieving SDGs

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The sustainability of construction, than 30% of the global carbon dioxide construction, real estate, developing countries is significantly close the global infrastructure gap, consumption of materials used in
real estate, infrastructure, and urban equivalent emissions are attributed to infrastructure, and urban lower. A series of reports published by l the need to increase the resilience construction works is also increasing
development have increasingly buildings—making the building sector development, there appears to be a the World Economic Forum and the of buildings and infrastructure to rapidly. In Bangladesh, the current
received the attention of governments, the single most significant industry in broad census on the need for major Boston Consulting Group explored the disasters, and rates of consumption of cement,
private organizations, and researchers terms of emissions. In addition, the transformations in the industry in future of the construction industry. l the needed transformations in the coarse aggregate, fine aggregate, and
alike. This is justified because of the building sector consumes 12% of order to embrace sustainability and to They described some key trends that politics and regulations concerning steel are estimated at 0.5, 1.3, 0.9,
risks and threats these activities pose freshwater and 30% of raw material contribute to sustainable include construction. and 0.16 kg/capita/day. The current
to the natural environment as well as and it generates approximately 20% of development. l the global expansion of Bangladesh will become a developed rates are far behind the global rates
their effect on the social, economic, water effluents and as much as 40% While sustainability in construction, engineering and construction country by 2041. Socio-economic of consumption. However, the rates
cultural and political dimensions of of landfill waste globally. While there buildings and real estate has become companies (i.e., carrying activities development is taking place will gradually increase to meet the
sustainability. Today, 40% of the are variations in the estimated common in developed countries, the on a more global scale), everywhere in Bangladesh in line global rates due to socio-economic
global energy consumption and more environmental consequences of share of “green projects’’ in l the massive financing required to with this vision. As a result, the development needs.

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