Stronger Evaluation Needed for Long-Term Effects of Green Building ConstructionSeptember 25th, 2012 | Category: Industry News
Sustainability leaders are seeking a more defined, long-term assessment of green building construction to evaluate its environmental, financial and social benefits, according to the latest McGraw-Hill Construction report. In the most recent SmartMarket Executive Brief, Determining the Value of Green Building Investments: A Perspective From Industry Leaders on Triple Bottom Line Decision Making, interviews with sustainability leaders in the education, healthcare, retail, manufacturing and federal government sectors revealed more research on green building construction’s effects is required in order to increase the rate of production. Tracking environmental, financial and social benefits, also known as the triple bottom line, will further entice organizations to increase their investment in green building construction.
“To date, owners have acted on compelling benefits from their green investments, mainly savings in energy, water, waste and lowered operating costs,” says Harvey Bernstein, vice president of Industry Insights and Alliances at McGraw-Hill Construction. “However, these are only a fraction of the advantages offered by green buildings—missing is a quantification of the full triple bottom line benefits from these investments, especially around the social benefits to human performance and well-being.”