Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 101 OPERATIONAL REVIEW CIC Sustainability Strategies Beyond driving industry-wide sustainability, the CIC is committed to enhancing its corporate sustainability performance. Currently, we are reviewing the overall strategy and performance. Way Forward Since its inception in 2018, the CIC Sustainable Construction Award (SCA) has been held every two to three years to recognise exemplary sustainable practices among organisations and practitioners, while also aiming to inspire the younger generation. In response to the evolving sustainability landscape, the CIC will review and enhance the SCA’s criteria to ensure the award aligns with the latest developments in the industry’s sustainability objectives. CIC Sustainable Finance Certification Scheme The Sustainable Finance Certification Scheme (SFCS) empowers the construction industry to leverage green finance opportunities to accelerate its transition to sustainable practices. In 2024, the CIC conducted engagement sessions with professionals from the financial and construction sectors, raising awareness and deepening understanding of the scheme. Awareness and practical training sessions were also organised to enhance the scheme assessors’ knowledge of sustainable finance and assessment skills. Recognising the dynamic nature of sustainable finance, the CIC initiated the Study for Enhancement and Repositioning of the SFCS in October 2024. This study aims to align the scheme with the CIC’s mission and vision and meeting the needs of the construction industry. The study is expected to conclude in 2025.