| Abstract |
The transition to a sustainable economy is inevitable as population and consumption continue to grow, ecosystems decline as a result of increased business activity and resources are stretched to a limit. The survival of businesses is very much dependent on their ability to adapt and transition to a business model that addresses important sustainability 'megaforces' such as climate change, energy and fuel, material resource scarcity, water scarcity, population growth, urbanisation, wealth, food security, ecosystem decline and deforestation. This research identifies megaforces that are most important to the construction industry sector and examines the level of preparedness of Australian construction companies in responding to these megaforces. It also identifies the value drivers behind these megaforces through content analysis. Recommendations are then provided for construction companies to develop resilience and remain competitive in the future. This paper will be of interest to both construction management and sustainability practitioners. |
