I’ve been in construction for most of my life, and one of the things I love most about this industry is the ability to positively impact the world around us. To me, what we leave behind in the process of building is just as important as the finished product. With today’s construction technology, it’s no longer just about building, but about building better and leaving a legacy behind for future generations.
At Procore, building our communities means more than just building the structures themselves—it’s about fostering the culture and values that help our communities thrive. Since Procore’s inception 20 years ago, our vision has been to improve the lives of everyone in construction, and we remain deeply committed to driving this industry forward and supporting the people who build our communities. This includes working hand-in-hand with the industry on everything from educating and training the next generation of construction professionals while upskilling today’s workforce, to helping our customers build more sustainably, to creating a more equitable and diverse construction industry.
Procore is in a unique position to reduce not only our own impact on the environment but also that of the industry we serve. Construction is one of the world’s largest industries and one of the biggest contributors to carbon emissions and waste.
According to a 2018 Industry Report by FMI, the construction industry spent over $500 billion globally on rework, over half of which was caused by poor project data and communication. Our platform allows all stakeholders to collaborate on a central platform with real-time data to make better decisions. This visibility helps our customers avoid costly mistakes and rework—and therefore, carbon emissions and waste from the construction process—by reducing the inefficiencies in construction that stem from poor communication. Procore offers integrations through our App Marketplace, including an integration that allows customers to measure and understand the carbon footprint of their projects and realize their sustainability targets. The industry can progress toward a more climate-conscious future with a more streamlined construction process and readily available tools.
Since day one, Procore has been a people-first company—we invest in our customers, employees, and the people who comprise the broader industry. I’m particularly proud of our social impact arm, Procore.org, which supports several workforce development initiatives in construction, including certified continuing education courses, training programs, online content libraries, and in-kind donations of software and training to universities, K-12 school programs, training centers, trade associations, disadvantaged business enterprises, and non-profits. We are committed to ensuring all employees feel valued, safe, and supported. We are continually working to build and maintain a thriving workplace culture based on three core values: openness, ownership, and optimism.
All of this work—from investing in our employees’ health and well-being to helping our customers build more efficiently to creating a more inclusive, diverse, and equitable industry—are important pieces in helping us achieve our vision of improving the lives of everyone in construction.
We are still in the early days of a long journey and have an opportunity to further drive ESG efforts at Procore and within the industry. That’s why I’m excited to deliver our inaugural ESG Report, which shares our key priorities and progress so far. Most importantly, the collective insights from this report will help set a baseline for us to measure against as we continue to learn, iterate, and improve.
Ultimately, this report is an essential first step as we work toward a more socially responsible and climate-conscious future. Thank you to our customers, partners, employees, and stockholders for supporting us on this crucial journey. We look forward to sharing our progress with you along the way.