SUSTAINABLE INFRASTRUCTURE SuRe - THE STANDARD FOR SUSTAINABLE AND RESILIENT INFRASTRUCTURE

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1 1 SUSTAINABLE INFRASTRUCTURE SuRe - THE STANDARD FOR SUSTAINABLE AND RESILIENT INFRASTRUCTURE World Resources Forum 2015 Plenary session: Investing in Circular Economy

2 Infrastructure The backbone of a functioning economy Opportunities 2 Infrastructure needs are huge and key to resource efficiency and green growth Infrastructure drives economic growth, provides jobs, connects people and delivers vital contribution to increased resource efficiency 75% of the infrastructure that will be in place by 2050 doesn t exist today. This is a huge opportunity (GIB) Infrastructure resource appetite is enormous; therefore, infrastructure must be leveraged to achieve sustainable economic growth within the carrying capacity of the planet s systems and resources (WWF) Challenges Promotion of a transition to a greener and more circular economy Allow infrastructure projects to be part of circular economy Lack of a holistic and efficient implementation approach Investors increase their sensitivity to circular economy issues Enabling finance - investment barriers Lack of long-term commitment of the public sector to provide a reliable project pipeline Poor project selection and planning Nonexistence of risk/return profile è Opportunity to develop a standardised approach of sustainability and resilience criteria

3 Goals 3 SuRe Standard & Rating The Sustainable and Resilience Standard - a standard co-led by Global Infrastructure Basel (GIB) and Natixis to identify and promote Sustainable and Resilient Infrastructure Establishing a common understanding between project developers, public and finance sector Facilitating sustainability and resilience implementation (incl. maximising resource efficiency) Improving the quality of the infrastructure Increasing the attractiveness for private investors Ensuring project comparability (SuRe helps to establish a risk/return profile) Contributing toward achieving the Sustainable Development Goals (SDGs) Including Measurement, Reporting and Verification (MRV) system In practice SuRe applies to developed and developing countries SuRe can be applied in the design, built and operation phase SuRe offers different levels of certification; SuRe certified, SuRe silver certified and SuRe gold certified Prominent members supporting the project: OECD, EIB, ICLEI, FOEN, Erste Bank Group, Mirova, WWF, FIDIC, CAPEC

4 Opportunities of Sustainable Infrastructure Sustainable Infrastructure outperforms conventional Infrastructure 4 Benefits Resource efficiency Maximising resource efficiency throughout the entire lifecycle Resource recycling Enabling resources to be reused and to fit within material cycles Sustainability co-benefits Protecting resources, improving governance and minimising environmental impacts and land use Long-Term success Implementing sustainability criteria is a positive indicator for its long-term potential for success Risk mitigation Risk forecasting Analysing sustainability factors can be seen as proactive risk management Helping to understand externalities and predict whether the project is prepared for future risks and challenges Greater business stability Reducing legislation risk, economic risk or environmental risk Avoidance of stranded assets Avoiding technologies and/or materials (e.g. fossil fuel) that may have the potential to become stranded è Sustainable Infrastructure exhibit a better risk/return profile than conventional Infrastructure and provides ESG-related benefits

5 5 Taking advantage with the SuRe Standard An independent, multi-stakeholder standard that will become the world benchmark for Sustainable Infrastructure Key features of the SuRe Standard

6 The SuRe Standard Categories of Assessment criteria Dimensions 14 Themes 90 Issues 1. GOVERNANCE 2. SOCIETY 3. ENVIRONMENT 1.1. Management and Oversight 1.2. Sustainability and Resilience Management 1.3. Stakeholder Engagement 1.4. Transparency and Accountability 2.1. Human Rights 2.2. Labour Rights and Working CondiKons 2.3. Customer Focus and Inclusiveness 2.4. Community Impacts 2.5. Socioeconomic Development (incl. job creakon) 3.1. Climate 3.2. Biodiversity and Ecosystems 3.3. Environmental ProtecKon 3.4. Natural Resources 3.5. Land use and Landscape

7 7 Example of SuRe Standard & Rating Assessment of a project meeting the SuRe Standard minimum requirements

8 Capacity building Approach to strengthening national capacities, promote Sustainable Infrastructure and overcome investment barriers Capacity building as a key element Stakeholder approach Project developers è Improve project quality regarding resource efficiency and co-benefits Public sector è Improve project selection and establish a trustful project pipeline The finance sector è Improve the integration of sustainability Capacity building activities Raising awareness Providing general and project-specific on-location workshops Using innovative online capacity building tools Project self-assessment Training Developing skills and knowledge Certification Demonstrating outstanding project performance with the SuRe Standard Certification 8

9 9 THANK YOU FOR YOUR ATTENTION Contact GIB: Hans-Peter Egler, CEO, Global Infrastructure Basel Foundation Basel, Switzerland hans-peter.egler@gib-foundation.org