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Building and Construction Industry Sustainability Goals 2050

building-and-construction-industry-sustainability-goals-2050

The vision of Master Builders Australia is for a profitable and sustainable building and construction industry. To achieve this vision, we cannot just focus our attention on the here and now, but we also need a greater commitment and energy in the longer term to future-proof our industry and Australia’s built environment.

To ensure we are progressing more effectively towards our vision, Master Builders has established the Building and Construction Industry Sustainability Goals 2050.

These goals articulate the ambition to achieve a more robust and sustainable industry in the long term by identifying material issues likely to affect business performance and developing actions to minimise the risks and/or maximise the opportunities of those material issues through an ESG governance framework.

Master Builders has identified eight material impact issues for the building and construction industry that require greater focused attention through an industry-led approach to improving the long-term sustainability of the industry.

The goals have been set to be achieved by 2050, with 2030 ambitions agreed upon for each goal, supported by three-year action plans to be measured annually.

An environmental, social, and governance (ESG) framework has been utilised to define the goals that need to be managed holistically as one input to maximise industry performance.

Our process and its identified outputs have been selected where Master Builders and its members will likely achieve the greatest success. We acknowledge that as an industry association, we don’t make decisions for businesses, governments, or the public. Still, we have a leadership role to influence change in a manageable and sustainable way that enables the building and construction industry to be viable.

With a growing population, housing shortages, flatlining productivity and more significant environmental challenges, ESG-focused building and construction practices can shape a more sustainable future for businesses, their workers and the communities in which we operate.

We cannot achieve our ambitious goals alone. We will need to partner with our member associations and their members, other industry stakeholders throughout the building supply chain, and governments, to drive better outcomes for such an important industry to the Australian economy and community.

Collectively, we seek to embed practices into industry business models to generate stronger and more sustainable businesses that will create more jobs, create a better built environment, and contribute to a stronger economy.

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