SUSTAINABILITY AND STRATEGIC TECHNOLOGY MANAGEMENT IN THE CONSTRUCTION INDUSTRY: A QUANTITATIVE MEASUREMENT FRAMEWORK FOR SMART AND GREEN BUILDINGS INTEGRATION

Abstract

The construction industry has a double challenge: the need to decarbonize the construction process to comply with the requirements of the Paris Agreement and the integration of exponential technologies, including Artificial Intelligence (AI), the Internet of Things (IoT),and digital twins.Strategic Technology Management (STM) has become an important solution to these challenges, so that the technology assets are brought into line with the sustainability objectives.Nevertheless, a major gap still exists in gauging the effects of technology management practices and their effect on sustainability outcomes. This paper closes this gap by creating the Integrated Sustainability Governance and Performance Index (ISGPI), which is a valid instrument to align STM practices and sustainability outcomes. The study empirically proves the causal processes between STM dimensions and environmental performance by applying Structural Equation Modeling (SEM) and longitudinal data. Also, the study proposes benchmarking data sets that will enable the construction companies measure their sustainability performance. The evidence provides useful information on the capacity of technology management practices to facilitate environmental, economic, and social costs in the construction sector,which will eventually result in long-term sustainability and decarbonization targets.Keywords:Strategic Technology Management (STMM),Green Building Performance Outcomes (GBPO), Smart Technology Deployment (STD), Environmental Impact