Construction Industry Council - Annual Report 2024

ANNUAL REPORT 2024 169 OUR SUSTAINABILITY JOURNEY Other CIC Decarbonisation-related Tools and Initiatives In addition to these new initiatives, we have developed several decarbonisation-related tools and programmes to empower the construction industry to reduce its carbon footprint. Smart Waste Management Tool Launched in April 2024, the Smart Waste Management Tool (SWMT) is a web-based platform that streamlines the tracking and management of construction and demolition (C&D) waste. It centralises waste data input, analysis, approval, verification, and storage, reducing reliance on manual processes and enabling data-driven waste reduction strategies. A second phase of improvements to the SWMT was initiated in 2024 to further enhance usability. These enhancements will make the SWMT even more user- friendly and effective in supporting waste reduction targets. CIC Carbon Assessment Tool In 2024, we engaged academics and industry professionals to review and validate methodologies of the CIC Carbon Assessment Tool (CAT). Positive feedback affirmed its robustness, and we are committed to enhancing CAT’s transparency and usability for broader adoption. 25% in the cumulative number of CAT users compared to 2023 CIC Green Product Certification In 2024, extensive stakeholder engagement was conducted for revamping the CIC Green Product Certification (GPC). This included updating the assessment criteria and incorporating additional product categories to align with the international and national standards, and the evolving sustainability needs of the construction industry. The upgraded certification scheme will be launched in 2025. This enhancement will support the industry’s transition to more sustainable procurement practices. CIC Sustainable Finance Certification Scheme Throughout 2024, we organised engagement sessions with various financial and construction professionals to bridge knowledge gaps and encourage the scheme’s adoption. Moreover, awareness and practical training sessions were held to equip assessors with the necessary knowledge and skills. In October 2024, we commenced the Study for Enhancement and Repositioning of the CIC Sustainable Finance Certification Scheme (SFCS). This study aims to align our sustainable finance initiative with the evolving needs of the construction industry.