unsurprising that they consistently engage the three pillars of ESG, albeit to varying degrees. The applicable ESG considerations and metrics will change depending on the nature of the project (new build or retrofit), the stage of the project (design, construction or operation and maintenance) and whether it is the producers or the product being considered (the project team or the materials involved). As with the projects themselves, there is therefore no universal approach for ESG in the construction industry. The environmental impacts of the construction sector are wide-reaching, encompassing climate change and instability, pollution, biodiversity and natural resources alike. These cause uncertainty that, in turn, increases corporate risk and delays investment in construction projects. Though the challenges are broad, they present many opportunities for improvement and durable positive impact. Measures to address the challenges encompass the entirety of the construction ecosystem, from managing waste and carbon emissions across supply chains, designing buildings with more efficient credentials 78 LAWYERMONTHLY SEPTEMBER 2022 The greatest exposure to falling out of ESG compliance can occur in the supply chain.
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