Construction Industry Case Study
Task 1
One of the significant contributor to climate change and other environmental threats is the construction sector. The construction industry has a major impact on our environment and our country cannot meet its environmental goals & objectives with substantially reducing the environmental impact of buildings and infrastructure. Thus, this sector needs to make an extensive and stringent shift in its practices in order to alleviate the impact of these threats.
Hence, we have to change the way we design and build both now as well as in the future. According to the Millennium Development Goals and Johannesburg Plan of Implementation Construction industry sits right at the interface between the Brown (problems of poverty and underdevelopment) …show more content…
For our company Lanco, building sustainable structures is the feasible solution at the moment — which is not just right for the environment but also right for the business. Sustainable building helps furnishing greater marketability, improved employee productivity and building efficiencies. Specifically for the construction industry, the demand for sustainable business practices i.e. the pressure to maximize the efficiency of energy and sustainability of buildings and structures is higher than ever.
And especially in case of developing countries like India it is necessary to create a capable & sound construction sector that is able to respond to the demands sustainable development activities. As the ardour for sustainable construction increases across the country, sustainability has become a requirement -- not just a voluntary differentiator and specifically for companies that want to remain competitive. The focus has moved from solely talking about goals and plans to actually manifesting proof of green building …show more content…
As per the latest Balance Sheet of Lanco dated 31st March 2015, the company has reported a debt of Rs. 37,562 crores. The company has also reported a loss of Rs. 2036 crore in the financial year 2015. Although the Engineering, Procurement and Construction (EPC) grew at a rate of 7% year on year (as per the official Lanco report) but the revenues were actually very less than the normal business
One of the significant contributor to climate change and other environmental threats is the construction sector. The construction industry has a major impact on our environment and our country cannot meet its environmental goals & objectives with substantially reducing the environmental impact of buildings and infrastructure. Thus, this sector needs to make an extensive and stringent shift in its practices in order to alleviate the impact of these threats.
Hence, we have to change the way we design and build both now as well as in the future. According to the Millennium Development Goals and Johannesburg Plan of Implementation Construction industry sits right at the interface between the Brown (problems of poverty and underdevelopment) …show more content…
For our company Lanco, building sustainable structures is the feasible solution at the moment — which is not just right for the environment but also right for the business. Sustainable building helps furnishing greater marketability, improved employee productivity and building efficiencies. Specifically for the construction industry, the demand for sustainable business practices i.e. the pressure to maximize the efficiency of energy and sustainability of buildings and structures is higher than ever.
And especially in case of developing countries like India it is necessary to create a capable & sound construction sector that is able to respond to the demands sustainable development activities. As the ardour for sustainable construction increases across the country, sustainability has become a requirement -- not just a voluntary differentiator and specifically for companies that want to remain competitive. The focus has moved from solely talking about goals and plans to actually manifesting proof of green building …show more content…
As per the latest Balance Sheet of Lanco dated 31st March 2015, the company has reported a debt of Rs. 37,562 crores. The company has also reported a loss of Rs. 2036 crore in the financial year 2015. Although the Engineering, Procurement and Construction (EPC) grew at a rate of 7% year on year (as per the official Lanco report) but the revenues were actually very less than the normal business