Financial Responsibility The Concrete Joint Sustainability Initiative is a multi-association effort of the Concrete Industry supply chain to take unified and integrated action for Sustainable Development Concrete JSI members have signed a joint agreement committing to act on 9 Declarations. Declaration #4 addresses 8 Social Values of Concrete Structures http://www.sustainableconcrete.org Declaration #4: “Our integrated thinking will focus on the following Social Values provided by Concrete Structures”: 1. Resource efficiency 5. By-product reduction 2. Safety/protection 6. Aesthetics 3. Financial responsibility 7. Societal connectivity 4. Operational continuity 8. Longevity/durability This presentation discusses Social Value #3: Financial Responsibility Value #3: Financial Responsibility Concrete structures provide economic advantages both from a total cost of ownership perspective, and from greater local content benefit to communities. Financial Responsibility Part of a Larger Goal Triple Bottom Line Economic Prosperity Social Equity Sustainability Environmental Economic Social Environmental Stability Financial Responsibility: What It Means • Investing locally • Initial and Long Term Value • Reducing operational costs Local Investment Local Investment in Community The concrete industry creates local jobs • In 2005, cement industry employed 16,877 workers. • Translates to 1+ million direct and indirect jobs. Source: www.cement.org\econ\industry Initial and Long Term Value Reduced Operating Costs • Fuel Economy • Heating and Cooling • Heat Island Reduction • Disaster resistance Financial Value Today & in Future Concrete roads cost less For a 1-mile, 2-lane road: • In 2003, asphalt cost $120k less than concrete. • In 2009, concrete roads cost $82k less than asphalt. • Increased cost due to oil prices and refining techniques. Source: PCA Perspectives, July 2009 Annual Savings of $1,750 per truck $4.6 billion nationally Operational Impact Precast replaces hand-set brick exterior with metal-stud back-up. Project Details •$365 million •1.2 million sf • Integral insulation • Complete vapor barrier UK Patient Care Facility, Lexington, KY General Contractor: Turner Construction Company | Architect: Ellerbe Becket, Minneapolis, MN and GBBN Architects | Owner: University of Kentucky Operational Impact How • Look of hand-laid brick, without the cost • Concrete mass regulates temperatures • Walls create air and vapor barrier (less heat loss) • No condensation in wall Operational Impact - Results Concrete walls save energy and reduce costs 3 factors contribute to thermal performance • R-value • Air infiltration • Thermal Mass Greater R-value, more energy savings • Concrete = R 26.98 • Metal stud = R 11.49 Operational Impact - Results Envelope Performance Concrete’s mass lowers energy cost up to 23% Energy-Saving Results Cold Climate Performance Concrete buildings saved • 21% in Denver • 18% in Chicago • 3 points in LEED 2009 EA Energy-Saving Results Cool Climates • 23% energy savings in Salem • 5 points in LEED 2009 EA Mild Climates • 16% energy savings in Memphis • 3 points in LEED 2009 EA Affordable Housing for All For Now and Future Generations Thank You American Coal Ash Association American Concrete Institute American Concrete Pipe Association American Shotcrete Association American Society of Concrete Contractors Architectural Precast Association American Segmental Bridge Institute Cast Stone Institute Concrete Reinforcing Steel Institute Concrete Sawing & Drilling Association Concrete Foundations Association Expanded Shale, Clay and Slate Institute Interlocking Concrete Pavement Institute International Concrete Repair Institute National Concrete Masonry Association National Precast Concrete Association National Ready Mixed Concrete Association Portland Cement Association Post-Tensioning Institute Precast/Prestressed Concrete Institute RMC Research and Education Foundation Silica Fume Association Slag Cement Association Tile Roofing Institute Tilt-Up Concrete Association Wire Reinforcement Institute