Creating Shared Value in a Construction Project – A Case Study

Abstract

The concern about climate change and its impact on our living environments is driving built environment towards energy efficiency and sustainability. Fast changing world, economic uncertainty and urbanisation call for new sustainable solutions. Built environment has a substantial role in sustainable development and noteworthy potential in shared value creation in changing world. Shared value creation can defined as policies and operating practices that enhance the competitiveness of a company while simultaneously advancing the economic and social conditions in the communities it operates in. The aim of this paper is to examine shared value creation in a construction project and how shared value creation improves quality, cost-effectiveness, sustainability and collaboration. The research is based on an in-depth case study. In order to understand actors’ involvement and ambitions in a construction project semi-structured interview were conducted and written sources of public and confidential documents of the case project were analysed. Based on case project material and interviews shared value creation thinking has potential to improve quality, cost-effectiveness, sustainability and collaboration in a construction project. In the case project shared value creation components emerged, yet more benefits would have been gained if shared value creation would have been implemented intentionally and strategically.