Ellen MacArthur Foundation.
"Material Circularity Indicator (MCI)". Accessed (September 26, 2022).
The Material Circularity Indicator (MCI) allows companies to identify circular value from their products and materials and mitigate risks from material price volatility and material supply. It enables users to analyze and evaluate a range of environmental, regulatory, and supply chain risks for their designs and products. MCI measures how restorative the material flows of a product, which can be aggregated up to the product portfolio and company level. It is a comprehensive company-level circularity measuring tool that may be used by product designers as well as for internal reporting, procurement decisions, and the rating of the entire company.
Posted on 26/09/22
- Thelen, David, Mike van Acoleyen, Wouter Huurman, Tom Thomaes, Carolien van Brunschot, Brendan Edgerton, and Ben Kubbinga. "Scaling the Circular Built Environment: Pathways for Business and Government".
Arcadis, Circle Economy, and WBCSD.
The private and public sectors need to create a level playing field for circular materials, products and services to become the new normal in the built environment. The transition to a circular economy calls for introducing new valuation methods and implementing long-term policies that encourage the scaling of circular solutions. Standardization, new forms of collaboration, and co-creation processes are essential elements required for the transition. Digital innovation, education and information sharing can further drive the change in mindset and culture for turning the circular built environment into reality. But, the transition to circularity in communities is fraught with various barriers.
Posted on 23/09/22
- Johnsson, Filip, Ida Karlsson, Johan Rootzén, Anders Ahlbäck, and Mathias Gustavsson. "The Framing of a Sustainable Development Goals Assessment in Decarbonizing the Construction Industry – Avoiding “Greenwashing”".
October 01, 2020.
To avoid the use of the Sustainable Development Goals (SDGs) for greenwashing, construction projects must include both long-term and short-term factors in assessing their SDG sustainability. However, companies rarely use SDG assessments as a tool for decisions for real change towards more sustainable and equitable corporate practices. SDG assessments must be transparent on dealing with the long-term climate target, to keep them from contributing to yet another layer of greenwashing. This paper presents an approach for a thorough – “non greenwashing” – way of an SDG assessment, with the objective of helping construction companies and others minimize future business risks.
Posted on 21/09/22
- Halper, Jason, Sara Bussiere, and Timbre Shriver. "Asset Management Industry Confronts the Challenges Presented by Climate Change Transition".
The Harvard Law School Forum on Corporate Governance.
(February 28, 2022).
Climate change transition and a rapidly evolving regulatory landscape confront the asset management industry with considerable challenges and present risks and opportunities for investing. Asset managers must strengthen disclosure of the climate-related risks and opportunities and support “sustainability” initiatives while continuing to maximize financial returns for investors. This article suggests that asset managers consider the recommendations published by such investor-led organizations as the PRI Association, Ceres, and GFANZ until regulators issue better ESG guidance. Asset managers should also follow the Task Force on Climate-Related Financial Disclosures (TCFD) framework and recommendations, which are gaining increasing acceptance among asset managers and regulators.
Posted on 19/09/22
- Nidumolu, Ram, Jib Ellison, John Whalen, and Erin Billman. "The Collaboration Imperative".
Harvard Business Review.
(April 14, 2014).
The earth’s atmosphere, natural resources, and biological ecosystems are of fundamental value to business and society, much of which is destroyed through the ways we use these complex and fragile systems. Meeting the challenges of climate change, resource depletion, and ecosystem loss calls for improved collaboration and innovative models that create stakeholder value and drive systemic change. Collaboration starts with the groups of key stakeholders, the linking of self-interest to shared interest, productive competition, and trust. For the sustainable development of businesses, communities and society, each participant must recognize the benefit that it can realize when shared interests are met.
Posted on 14/09/22
- Committee on Environmental Policy. "Applying Principles of Circular Economy to Sustainable Tourism".
Economic Commission for Europe.
May 05, 2022.
The circular tourism model must be implemented immediately for us not to exceed the ecological ceiling through the polluting practices of our current linear tourism model and to ensure tourism does not fall short on the social factors. As the tourism has a multiplier effect, it could be a catalyst to move the whole economy towards a circular economy. This paper proposes three actionable recommendations that are linked to the challenges and solutions: (1) building a network of role-model circular tourism destinations, (2) establishing a shared circular tourism indicator framework, and (3) investing beyond digitalization in data- and AI-driven innovation.
Posted on 07/09/22
- Honic, Meliha, Iva Kovacic, Philipp Aschenbrenner, and Arne Ragossnig. "Material Passports for the End-of-Life Stage of Buildings: Challenges and Potentials".
Journal of Cleaner Production.
(October 15, 2021).
Global consumption of non-renewable resources is increasing and shortages of primary raw materials and reduction of space for final waste disposal are raising urgent issues for our communities. The unsustainable use of resources is resulting in strategies for maximizing recycling rates and minimizing environmental impacts and energy consumption due to the extraction of primary materials. A material passport (MP) at a building’s end of life (EOL) supports construction sustainability and circularity and encourages the recycling and reuse of building materials, rather than their disposal as waste. This paper illustrates the workflow compilation process and use of an EOL material passport.
Posted on 05/09/22
"GrünStattGrau". Accessed September 02, 2022.
The platform is an interface between network partners from the public sector, science and research, and community stakeholders that shares best practices in developing sustainable communities. It inspires and advances the deployment of technologies, competencies, and services and furthers the affordability of tools and their broad application. Moreover, it promotes quality assurance and encourages a new awareness of the range of benefits of greened buildings in the context of climate change and energy. By greening buildings, we make an important contribution to climate change adaptation efforts and help to shape and deliver green, smart and liveable cities of the future.
Posted on 02/09/22
- Meglin, Ronny, Susanne Kytzia, and Guillaume Habert. "Regional Circular Economy of Building Materials: Environmental and Economic Assessment Combining Material Flow Analysis, Input-Output Analyses, and Life Cycle Assessment".
Journal of Industrial Ecology.
(October 26, 2021).
The constraints for development policies in regions can differ widely, especially in terms of resource availability, spatial planning, or economic performance. A model-based assessment on a regional scale enables policy decisions to consider sustainability and offers significant advantages over a mere product-level approach to construction. This paper proposes an integrated assessment method that considers indicators for environmental impacts and economic benefits by combining material flow analysis (MFA) and life cycle assessment (LCA) with input-output analysis (IOA) as the connecting element. The model provides the data and indicators for a holistic and comprehensive evaluation of construction in a region or industry.
Posted on 31/08/22
- Ulibarri, Nicola, Bruce E. Cain, and Newsha K. Ajami. "A Framework for Building Efficient Environmental Permitting Processes".
Public participation can be an effective instrument in facilitating the building permitting process. A collaborative permitting process must enable stakeholders to voice concerns and openly discuss the permit. Although public participation generally lengthens the process, it provides opportunities for public comment and increases the likelihood of identifying overlooked concerns or negative impacts. Citizen participation helps to make permitting agencies aware of concerns that affect their decisions and for them to address the concerns. Public participation and collaboration in the permitting process encourage discussion between stakeholders and for them to work together and further the permitting and realization of sustainable projects.
Posted on 26/08/22
- Lakatos, Elena Simina, Geng Yong, Andrea Szilagyi, Dan Sorin Clinci, Lucian Georgescu, Catalina Iticescu, and Lucian-Ionel Cioca. "Conceptualizing Core Aspects on Circular Economy in Cities".
(July 06, 2021).
Circular economy policy and practices are implemented at the local level to form circular communities. Circularity at the urban level calls for great effort and innovation to successfully transition from the linear economy to circular cities. However, local governments and policymakers are uncertain about how to develop a circular community and its purpose. Cities play a decisive role in the transition towards circularity through recirculation and resource efficiency strategies, technical innovation, policy elaboration and stakeholder support. They must adopt innovative ways and means to successfully transition, which entails collaboration between all stakeholders, including producers, consumers, policymakers and community citizens.
Posted on 24/08/22
- Poh, Jacqueline. "3 Ways We Can Collaborate Better for a Circular Economy".
World Economic Forum.
(May 25, 2022).
Collaboration between all stakeholders is essential for a successful circular economy. Where stakeholder collaboration is difficult to achieve and there is little cross-sector collaboration, circular innovations are costly and scarcely adapted. To make meaningful progress in circularity, we must have a collaborative ecosystem that engages the stakeholders. Circularity must increase significantly to reduce the global carbon footprint and address other urgent environmental challenges. Cross-sector collaboration and resource pooling mobilizes stakeholders from across the entire value chain to co-create the circular economy solutions. Circularity results from R&D partnerships, the implementation of cross-sector solutions, and strengthening the commercial viability of the solutions.
Posted on 22/08/22
- Raufflet, Emmanuel, Geoffrey Lonca, Renato Chaves, Manon Boiteux, and Tarek Burgan. "Intersections Between the Planetary Boundaries and the Circular Economy".
(April 30, 2021).
Circular economy (CE) is an umbrella concept that encapsulates and connects separate knowledge areas and experiences in terms of resource efficiency and reduced environmental impacts. Proof of CE’s capacity to create the conditions required for meeting human needs within planetary boundaries (PBs) is still lacking. PBs encompass nine key earth-system processes that define a safe operating space for humanity for maintaining the stability of the earth’s life-supporting systems. Due to the extremely general and scientific evidence-based nature of the PB concept and the global and interactive nature of the boundaries, the PBs are not applied locally and regionally.
Posted on 19/08/22
- Romão, João, Mayumi Okada, Kazuo Machino, and Peter Nijkamp. "Destination Management and Sustainable Development through the Common Lens of the Commons".
(February 09, 2021).
Local destination management organization (DMO) involves a large participatory process for strategic planning and monitoring combined with decentralized operational planning and management. This paper illustrates problems and obstacles for the creation of a local DMO promoting a tourism destination’s sustainable development. It recommends the active participation of local stakeholders in the processes of planning, managing and monitoring tourism activities and the use of common pool resources (CPR). It advocates the integration of sustainable development goals (SDGs) and broad participatory processes involving local stakeholders to address the challenges raised by contemporary tourism dynamics and their implications for local resources and communities.
Posted on 17/08/22
- Backes, Jana Gerta, and Marzia Traverso. "Life Cycle Sustainability Assessment—A Survey Based Potential Future Development for Implementation and Interpretation".
(December 11, 2021).
Life cycle sustainability assessment (LCSA) provides valuable support for stakeholders and interested third parties regarding sustainability assessments, environmental footprints, emission optimization, and corporate communication. The state-of-the-art LCSA framework extends the scope of life cycle assessment (LCA) by economic and social dimensions – life cycle costing (LCC) and social life cycle assessment (S-LCA), respectively. LCA, LCC and S-LCA are complementary pillars that are applied to the same functional unit and an equivalent system boundary. Weighting between the three pillars is not permitted in the interpretation, the assessments are treated equally, and the under performance of one pillar cannot be compensated for by another.
Posted on 12/08/22
United Nations Department of Economic and Social Affairs..
"The AURA Guide". Accessed August 10, 2022.
Urban development and construction have a significant impact on all sustainable development indicators in a city. The City of Montpellier adopted a proactive urban policy in the AURA urban planning guide based on social, environmental and economic development management principles aligned with sustainable development priorities, criteria and goals. The AURA guide is intended to inspire real estate developers and architects by spreading good practices and innovation and provide upstream sustainable development indicators and assessment of urban development projects. It helps developers and architects by upgrading a project before its implementation and to monitor the project and best achieve the indicators.
Posted on 10/08/22
- Wee, Hassnah, Nor Azah Mustapha, and Muhammad Saufi Anas. "Characteristic of Green Event Practices in MICE Tourism: A Systematic Literature Review".
International Journal of Academic Research in Business and Social Sciences.
(September 26, 2021).
MICE is the fastest-growing segment in hospitality and a significant contributor to the global tourism industry. Increased awareness of green practices among MICE event stakeholders has changed event organizers' perception of sustainability. This paper reviews green practices in meeting, incentive, convention, and exhibition (MICE) tourism and focuses on MICE tourism green practices perception and feedback from stakeholders in developing a green MICE tourism destination. The content analysis discovered green venues, green accessibility, green advertising and marketing, green food and beverages, and green waste management. It is intended to assist MICE planners in developing and executing sustainable events at their locations.
Posted on 08/08/22
- Hannouf, Marwa B., Alejandro Padilla‐Rivera, Getachew Assefa, and Ian Gates. "Methodological Framework to Find Links between Life Cycle Sustainability Assessment Categories and the UN Sustainable Development Goals Based on Literature".
Journal of Industrial Ecology.
(May 24, 2022).
Life cycle sustainability assessment (LCSA) is suggested to be the best method to assess the environmental, economic, and social impacts of products along their life cycle in the context of the Sustainable Development Goals (SDGs) supporting them. It links LCSA categories and measures the sustainability performance of products and operating systems and their contribution to the SDGs. The LCSA framework depends on environmental life cycle assessment (LCA), life cycle costing (LCC), and social life cycle assessment (S-LCA), each having different levels of data availability and maturity. However, linking LCSA to the SDGs is work in progress and the linkages are limited.
Posted on 05/08/22
- Sanyé-Mengual, Esther, and Serenella Sala. "Life Cycle Assessment Support to Environmental Ambitions of EU Policies and the Sustainable Development Goals".
Integrated Environmental Assessment and Management.
(January 27, 2022).
The European Green Deal and the Sustainable Development Goals (SDGs) call for a holistic approach to production and consumption along value chains and the use of life cycle assessment (LCA) to support policy design and monitoring. This paper evaluates LCA in supporting EU SDG policies and the Planetary Boundaries (PBs) framework. It suggests that LCA can play a pivotal role in quantifying and assessing the environmental impacts of value chains and consumption patterns. It enables linking and measuring the impacts on environment‐related SDGs and assessing them against the PBs, to strengthen and further enable EU policies toward achieving the SDGs.
Posted on 02/08/22
- Skene, Keith R.. "Steering the Circular Economy: A New Role for Adam Smith’s Invisible Hand".
Adam Smith’s seminal work in economics suggested that the morality of a society guides the “invisible hand” that steers free trade in a positive direction. Smith recognized the society-economy nexus and equilibrium in his economic theory as crucial to society’s socioeconomic progress. The circular economy relates to this economics-environment relationship such that the ecosystem function is an essential component of sustainability. Sustainability is generally understood to be a form of dynamic equilibrium, where losses and gains balance each other. In terms of resources, materials are used but then recycled in such a way that the stock is not diminished.
Posted on 29/07/22
Global Taskforce of Local and Regional Governments.
"Towards the Localization of the SDGs". 2022.
Local and regional governments (LRGs) are responsible for identifying, responding to and meeting the various needs of their citizens. Accordingly, LRGs are calling upon their national governments to develop localization policies for sustainable development that promote a bottom-up approach to integrate local priorities in national and regional plans. To accelerate SDG localization and sustainable local and regional development, national governments must urgently implement an enabling framework for subnational governments to meet their devolved responsibilities and the demands of the communities. The planning mechanisms must also integrate participatory policy-making to meet the needs, rights and priorities of local citizens.
Posted on 25/07/22
- Kim, Sehoon, Nitish Kumar, Jongsub Lee, and Junho Oh. "Sustainability-Linked Loans: A Strong ESG Commitment or a Vehicle for Greenwashing?".
(July 20, 2022).
ESG lending has terms contractually tied to the sustainability performance of borrowing companies and enables them to credibly signal their ESG commitments to external stakeholders. But, it has been found that the disclosure of sustainability-linked loan contractual details is generally low, with considerable variation in the amount of information disclosed. Firms and banks have ostensibly engaged in sustainability-linked borrowing and lending for greenwashing — “to showcase an empty emphasis on ESG”. This is reflected in the difficulty of verifying the validity of ESG loan labels and gauging the actual impact they may have in governing borrowers on sustainability issues.
Posted on 22/07/22
LexisNexis Intellectual Property Solutions.
"SDGs vs ESGs: What Is the Better Measure of Sustainability?". (November 23, 2021).
Research shows that the SDGs are the most commonly used framework for sustainability reporting from the top patent holders. With so many subjective interpretations of what constitutes sustainability and the difficulty in quantifying certain actions, ESG is ineffective for measuring development sustainability. There is no global definition of ESG (environmental, social, and corporate governance), no standardized metrics, with assessments based on proprietary models, nor is it target-oriented or process focused, thereby enabling corporate greenwashing. The UN SDGs (Sustainable Development Goals) are a globally accepted framework of standards with clearly defined indicators and goal-oriented recommendations that enable criteria-unbiased sustainability assessment.
Posted on 20/07/22
Sustainable Hospitality Alliance.
"United Hospitality Industry Sets Ambitious Global Vision for Sector Sustainability". March 10, 2022.
This guidance for the hospitality industry is designed to encourage combined action across the value chain, with actions to support hotel operators, asset/building owners, and brands. It encourages all hotels to aim for net positive environmental impacts wherever they are located and whatever their starting point. The framework outlines increasing environmental ambitions and scope across four stages, considering the varying levels of sustainability maturity. The first two stages, published in March 2022, support the industry’s near-term needs. The final two stages will be released later in 2022 after consultation on the changing landscape and to address the more complex challenges.
Posted on 15/07/22
"Sustainable Development". Accessed July 13, 2022.
Sustainability principles balance the environmental, economic, and socio-cultural aspects of tourism development, to guarantee its long-term sustainability. Achieving sustainable tourism is a continuous process. These guidelines and management practices published by the UNWTO are applicable to all forms of tourism in all destinations worldwide. Sustainable tourism development calls for the participation of all relevant stakeholders as well as strong political leadership, to ensure wide participation and consensus building. It requires constant monitoring of impacts, the introduction of any necessary preventive and/or corrective measures, and raising awareness of tourists to respect and advance the Sustainable Development Goals (SDGs) of tourist destinations.
Posted on 13/07/22
- Rosenbloom, Jonathan D., and Chris Duerksen. "Saving the World through Zoning: The Sustainable Development Code, Regeneration, and Beyond".
Journal of Comparative Urban Law and Policy Journal of Comparative Urban Law and Policy.
(May 11, 2022).
It is primarily the responsibility of local governments to protect the citizens and biosphere of their communities. To regulate the development of the built environment and land use, cities integrate sustainability into their plans and implement them through zoning and local building codes. Increasingly, local governments are adopting ambitious sustainable development codes that encourage and facilitate regeneration of the environment and protect the local biosphere and community. This article addresses such issues as the obstacles to the sustainable development of communities, the creation of incentives, filling regulatory gaps, and the challenges to sustainable development codes becoming mainstream.
Posted on 11/07/22
- Niemets, Kostiantyn, Kateryna Kravchenko, Yurii Kandyba, Pavlo Kobylin, and Cezar Morar. "World Cities in Terms of the Sustainable Development Concept".
Goeography and Sustainability.
(December 27, 2021).
The sustainable development of cities requires significant investment, particularly in social development, purification, and preservation of urban nature from anthropogenic impacts. The analysis results in the systematization of the sustainable development criteria used in compiling the world cities rankings and determining the prospects of the transition of contemporary cities to the sustainable development concept. Such mega cities as New York, London and Tokyo have failed to fully implement sustainable development objectives. Smaller cities, such as Vienna, Melbourne, and Zurich, lead in terms of the quality of life, better organization of urban space, fewer pollutant emissions, and other factors.
Posted on 01/07/22
Sustainable Hospitality Alliance.
"Pathway to Net Positive Hospitality". Accessed June 27, 2022.
The future of tourism and the hospitality industry increasingly depends on protecting the unique and alluring locations in which hotels are located and operate. The Pathway to Net Positive Hospitality published by the Sustainable Hospitality Alliance offers simple and practical solutions that have a net positive impact on the environment. The Environmental Action Planner is a detailed list of environmental actions to be used to develop personalized action plans. Environmental Resources Mapping contains tools and resources for implementing the pathway. Utilities Tracker allows you to track energy and water consumption and waste production in your hotel.
Posted on 27/06/22
- Leadley, Paul, Andrew Gonzalez, David Obura, Cornelia B. Krug, Maria Cecilia Londoño-Murcia, Katie L. Millette, Adriana Radulovici, et al.. "Achieving Global Biodiversity Goals by 2050 Requires Urgent and Integrated Actions".
(June 17, 2022).
Top-level science-policy documents increasingly call for urgent transformative change to address the rapidly escalating global biodiversity crisis. The proposed actions in the new Post2020 Global Biodiversity Framework (GBF) could potentially bend the curve for biodiversity – but, only if promptly implemented and in an integrated manner. Reversing biodiversity loss by 2050 requires integrated and ambitious action across all targets of the GBF. The findings in this paper indicate that actions proposed in the GBF on both direct and indirect drivers could plausibly bend the curve for biodiversity by 2050 only if implemented promptly and comprehensively, together with active monitoring and reporting.
Posted on 24/06/22
- Emelie Öhlander, Morten Pedersen, Anja Wejs, Mads Adrian Saxtorph Bonde, and Martin Lehmann. "Guidance on Integrating the Sustainable Development Goals in Urban Climate Change Adaptation Projects".
The application of the UN Sustainable Development Goals (SDGs) locally is critically important and decisive in achieving the sustainable development of countries. This guidance is based on both academic literature and professional experience in the field and is aimed at all professionals who work with climate change adaptation at the local level. It recommends new approaches inspired by the SDGs. It showcases how the SDGs can be used as a catalyst for communication between the stakeholders at different levels with a different purpose throughout the different phases of a project. The results feed into the national and local decision-making process.
Posted on 17/06/22
- Du Pisani, Jacobus A.. "Sustainable Development – Historical Roots of the Concept".
The origin of the sustainable development concept and the idea of sustainability evolved over the centuries. This paper reviews the evolutionary process, going far back in history to the root of the concept, and the paradigm shift, when sustainable development became mission critical for humanity. The environmental degradation caused by the exploitation of raw materials on an unprecedented global scale linked to industrial development would lead to growing concerns about sustainability. Since Thomas Robert Malthus stated in 1798 that the increase in population had to be restricted because it threatened to outstrip food production, the concern has become much more acute.
Posted on 13/06/22
World Business Council for Sustainable Development (WBCSD).
"The Building System Carbon Framework". July 09, 2020.
A common carbon framework across sectors is becoming increasingly important as policymakers struggle to set more ambitious carbon reduction goals. The Building System Carbon Framework bridges embodied and operational carbon and is neutral on materials and solutions. It enables users to identify the best emissions-reduction strategies along the value chain using a common metric and a full life-cycle approach. The framework is targeted at companies involved in manufacturing, designing, constructing, investing, owning, operating, occupying, renovating, and demolishing buildings. It helps to align actions across the value chain for delivering a net-zero built environment and identifying where urgent action is needed.
Posted on 08/06/22
- Özdemir, Ebru. "3 Ways Sustainable Construction Can Forge a Greener Future".
World Economic Forum.
(May 11, 2022).
The UN Climate Change Conference starting today, 6 June, in Bonn is where government delegates, observers and various experts gather to “begin taking stock of where the world stands when it comes to implementing the Paris Climate Change Agreement”. Real and lasting (sustainable) change call for commitment and leadership from governments and the construction industry as well as massive investments in research and development. There are many opportunities for the construction sector to drive positive change. But, we first must question our practices to protect our future and also embrace regulatory changes to ensure that all stakeholders protect the planet.
Posted on 06/06/22
- Winston, Andrew. "What’s Lost When We Talk ‘ESG’ and Not ‘Sustainability’".
MIT Sloan Management Review.
(May 05, 2022).
Corporate profitability is the sole purpose of ESG (environment, social and governance) disclosure, not sustainable development per se. SDG achievement for the sustainability of the biosphere and socio-economic environment of the world for all stakeholders is not the intended purpose of ESG. Instead, it focuses on profits and shareholder maximization above all else. Sustainability professionals and their clients – developers, lenders, and investors – advocate ESG for the benefit of the business stakeholders. ESG analysis and disclosure informs them about the "sustainability risk" that the companies are exposed to from environmental and social impacts on their business, solely to increase stakeholder profitability.
Posted on 30/05/22
Sustainable Hospitality Alliance.
"Hotel Sustainability Certifications". Accessed May 25, 2022.
For hotels, environmental certification depends on their life cycle stage when analyzed. Different versions of environmental certifications are available for new builds and existing structures as well as the assessment of the sustainability of the operation of the buildings and business. Hotels, which generally require vast amounts of energy, water, and other natural resources and produce lots of waste, can have a large impact on the environment throughout their whole life cycle. The circularity and sustainability of hotels during the construction and operation of hotels must be considered in achieving the net-zero carbon emissions goals of hotel owners and operators.
Posted on 25/05/22
- Lee, Veronika, Durga Marasini, Wenye Dong, Hyun-Jung Lee, and DonHee Lee. "Comparative Study of Key Supply Chain Management Elements in Sustainability Reports".
(February 11, 2021).
For the evaluation of enterprise value and investment decision-making, firms must demonstrate their commitment to the Sustainable Development Goals (SDGs). For this, several factors are considered, including supply chain management (SCM), human rights, climate change, safety, and environmental risks. This study analyzed sustainability reports and revealed several factors that are critical for effective supply chain management. While the study identified common categories, the variations imply a need for global standards for comparative analysis. As businesses are required to demonstrate their commitment to the SDGs, the study highlights the importance of sustainability, its effective measurement, and global standards for sustainability reports.
Posted on 23/05/22
- Ferriss, Lori. "The New Net Zero".
Boston Society for Architecture.
February 20, 2020.
Owners, designers, contractors, and manufacturers must radically rethink the way we use, renovate, and design buildings. Using better and less materials is key to reducing embodied carbon in meeting our CO₂ emission targets. For this, tracking the environmental impacts of the whole building life cycle – from material extraction through to building demolition – is essential. Carbon accounting is the practice of quantifying and analyzing the carbon emissions into the atmosphere through life cycle assessment (LCA). LCA is used to identify materials having the highest environmental impacts and best opportunity for improvement, allowing us to act immediately and with due urgency.
Posted on 11/05/22
Carbon Leadership Forum. “AIA-CLF Embodied Carbon Toolkit,” November 3, 2021..
"AIA-CLF Embodied Carbon Toolkit". November 03, 2021.
To decarbonize buildings, architects and building designers must reduce the environmental footprint and CO2 emissions associated with materials over the whole life cycle of building. Through life cycle assessment (LCA), the highest-impact, most cost-effective solutions to reducing embodied carbon are identified. This toolkit provides architects an understanding of measuring embodied carbon and the steps for its reduction in their projects. Basic strategies include building less and reusing more by extending the life of materials and buildings as well as building lighter and smarter with less of a given material or floor area. Moreover, it suggests procuring lower-carbon materials and products.
Posted on 09/05/22
- Hadjikyriakou, Phanos. "Sustainable Material Selection – A Guide".
(September 22, 2021).
Construction is responsible for a huge amount of emissions and environmental degradation. How and by whom materials are made is key to transitioning to a sustainable economy. An important tool in assessing the ecological impacts is environmental product declarations (EPD), which are product-specific impact assessments based on the scientific method of life cycle assessment (LCA). EPD verification by an independent third party allows the product manufacturer to provide information on its supply chain, production cycles, and product characteristics. A holistic material selection process considers the conditions of manufacturing as well as the supplier’s long-term business and governance strategy.
Posted on 06/05/22
- Mulvaney, Kieran. "‘It’s Now or Never’: UN Climate Report’s 4 Urgent Takeaways".
(April 05, 2022).
According to the recent IPCC report, "Climate Change 2022: Mitigation of Climate Change", if urgent action is not taken immediately, humanity won't limit warming to 1.5°C – the threshold for more devastating fires, drought, storms, and other anthropogenic environmental disasters. At their presently rising levels, however, greenhouse gas emissions are likely to create twice as much warming: approximately 3.2°C by 2100. “It’s now or never if we want to limit global warming to 1.5°C”, said the co-chair of the IPCC working group that produced the report. “Without immediate and deep emissions reductions across all sectors, it will be impossible” he warns.
Posted on 04/05/22
- Dolmans, Maurits, Géraldine Bourguignon, Camille Martini, Quinten De Keersmaecker, Larisa Babiy, Georgina Rawson, Emma O’Brien, Marc Baldauf, and Toon Dictus. "Climate Claims against Governments in Europe".
(July 16, 2022).
Environmental claims are part of the movement in seeking justice and taking legal action to promote social, economic and environmental sustainability. State and EU-level climate action and policies are being challenged for being insufficient to limit the global average temperature increase to below 2°C, as stipulated in the Paris Agreement. Relying on tort law and/or human rights to underpin the judicial challenges, courts are increasingly allowing class-action climate lawsuits and holding governments accountable for failing to achieve their climate commitments. Governments will have to adapt their climate change policies and strategies to meet their duty of care toward their citizens.
Posted on 02/05/22
- White, Alex, and Luke O Callaghan-White. "Taking Governments to Court: Climate Litigation and Its Consequences".
Institute of International and European Affairs.
July 30, 2021.
Climate legal action is increasingly being taken against national governments. Litigation has successfully forced some countries to radically improve on their commitments to tackle the effects and limit the extent of anthropogenic climate change. This paper examines three recent European cases that produced landmark judgments. These cases demonstrate the significant potential and confirm the emergence of a strong interventionist trend in the approach of domestic courts in Europe to the issue of environmental protection. Data and precedent suggest that such cases will continue to be an effective means of ensuring that governments globally recognize and meet their responsibility and commitment.
Posted on 23/04/22
- Le Den, Xavier, Steinmann, Jacob, Röck, Martin, Birgisdottir, Harpa, Horup, Lise Hvid, Tozan, Buket, and Sørensen, Andreas. “. "Towards Embodied Carbon Benchmarks for Buildings in Europe – Summary Report".
March 31, 2022.
Developers, investors and policymakers must respond with urgency to the threatening climate and ecosystem crisis and set targets aligning with the 2015 Paris Agreement. All participants in the new-build and building renovation value chain must cooperate to establish a standard performance system based on sustainable and cost-efficient pathways to guide the building sector and reduce embodied carbon. Definition and agreement on standardized life cycle assessment (LCA) and carbon budget allocation are required for the standard performance framework. Its implementation calls for a combined effort from construction project value chain participants in the building industry, certification bodies, researchers, and policymakers.
Posted on 21/04/22
- Scheidel, Arnim, Daniela Del Bene, Juan Liu, Grettel Navas, Sara Mingorría, Federico Demaria, Sofía Avila, et al.. "Environmental Conflicts and Defenders: A Global Overview".
Global Environmental Change.
Environmental defenders are individuals and collectives who take action to protect the environment and to protest unjust and unsustainable use of resources. This paper provides insight on the characteristics of environmental conflicts, the engaged environmental defenders, and successful mobilization strategies. The paper highlights how civil society groups and grassroots movements shape the politics and practices of resource use commonly towards positive social and ecological outcomes. It shows that combining nonviolent protest strategies of preventive mobilization, tactical diversity, and litigation can significantly increase activists’ success. It testifies to civil society environmentalism globally as a force for environmental sustainability and social justice.
Posted on 19/04/22
Intergovernmental Panel on Climate Change.
"IPCC WGII Sixth Assessment Report – Technical Summary". 2022.
There are various global temperature rise and ecosystem impact scenarios, representing uncertainty that affects climate change exposure and vulnerability. This IPCC report summarizes the current understanding of observed climate change impacts on ecosystems, human societies and their cities, settlements, infrastructures, and industrial systems as well as vulnerabilities and future risks tied to different socioeconomic development pathways. It shows the clear threat to the ecosystem by correlating direct human impacts – land-use change, pollution, overexploitation, fragmentation, and destruction – and climate change. The likelihood of an emissions scenario affects the probability of a climate outcome and the overall distribution of climate outcomes.
Posted on 16/04/22
- Ershadi, Mahmoud, Marcus Jefferies, Peter Davis, and Mohammad Mojtahedi. "Barriers to Achieving Sustainable Construction Project Procurement in the Private Sector".
Cleaner Engineering and Technology.
(July 01, 2021).
Sustainable procurement management (SPM) as an approach to integrating sustainability into construction projects that takes into account the social, ecological, and economic consequences of procurement decisions. This study recognizes several challenges that obstruct the effective interaction between stakeholders in an integrated supply chain and the implementation of SPM in the private sector. It identifies intra- and extra-organizational barriers that hinder the achievement of SPM objectives in the construction industry. The findings reveal SPM obstacles and the paper suggests solutions for an integrated supply chain and the improvement of SPM practices for sourcing the materials and equipment for sustainable construction projects.
Posted on 14/04/22
- Petrovic, Bojana, Jonn Are Myhren, Xingxing Zhang, Marita Wallhagen, and Ola Eriksson. "Life Cycle Assessment of Building Materials for a Single-family House in Sweden".
https://www.sciencedirect.com/... (Contributed by Bojana Petrović).
This study demonstrates the environmental impact of building materials from production and construction, including transport, replacement and deconstruction, for a single-family house in Sweden. It focused on building materials, materials transport, replacement of essential construction materials, and the environmental impacts of the materials through the building whole life cycle. Environmental Product Declarations (EPDs) provided the data basis for the life cycle assessment (LCA) used to assess the relationship between alternative materials and building energy performance. The results show that the concrete building slab contributed the most construction CO₂ emissions while the wood frame and cellulose insulation have low environmental impact.
Posted on 12/04/22
Intergovernmental Panel on Climate Change.
"Climate Change 2022: Mitigation of Climate Change – Summary for Policymakers". April 04, 2022.
Under 3.2 °C warming, 49% of insects, 44% of plants and 26% of vertebrates are at great risk of extinction. Best-case scenarios lead to a median range of 2.9–3.2°C in 2100 for current policies and 2.4–2.9°C in 2100 for 2030 pledges. If the targets were promptly and fully implemented, some estimate this could bring temperature increase down to 2–2.4°C by 2100. Compared to the current policies, which are likely to lead to a temperature increase of 2.9–3.2 °C, the NDCs submitted to the Paris Agreement are estimated to lead to a temperature increase of 2.4–2.9°C.
Posted on 10/04/22
Intergovernmental Panel on Climate Change.
"Climate Change 2022 – Mitigation of Climate Change". April 04, 2022.
The world will warm by 3.2°C this century even if all the policies to cut carbon that governments have so far adopted were fully implemented. The high overshoot will increase climate risks for vulnerable regions and societies, causing unprecedented heatwaves, terrifying storms, and widespread water shortages and irreversible destructive impacts in vulnerable ecosystems. This report is a desperate plea for the massive scaling of renewable energy technologies and infrastructure, improvements in energy efficiency, and reductions in energy consumption. Although we know this and have the solutions to keep the worst from happening, we fail to take the needed urgent action.
Posted on 09/04/22
- Díaz, Manuel Rodríguez, and Tomás F. Espino Rodríguez. "Determining the Sustainability Factors and Performance of a Tourism Destination from the Stakeholders’ Perspective".
(September 19, 2016).
The development and construction of sustainable tourism destinations ensure that the long-term quality performance of their environment and community life will be sustained. Sustainability is key to managing and maintaining the image and competitiveness of tourism destinations. This study focuses on the future environmental, social, and economic viability of destinations. The study identified the sustainability factors of a tourism destination characterized by the differentiation of the offer and high demand. The results showed that the key factors that have a direct and significant relationship with performance are the key resources and supply chain, security, alternative leisure, and governance.
Posted on 07/04/22
- Gawel, Antonia, Nathan Cooper, and Lukas Bester. "The IPCC Report and the Need for Radical Climate Action".
World Economic Forum.
(March 03, 2022).
The UN Intergovernmental Panel on Climate Change (IPCC) recently reported that climate breakdown is happening more quickly than anticipated and warns that much of the planet will soon become uninhabitable. The science-driven report emphasizes the urgent need for radical climate action to stay in a climate safety zone and to accelerate transformational adaptation measures. While to the contrary, the EU European Environment Agency (EEA) report published in October 2021 proclaims Europe is "well on track in its journey" to avoid the life-threatening climate catastrophe. It claims there has been "remarkable progress" – even "overachievement" – towards meeting the EU's climate and energy targets.
Posted on 02/04/22
- Srivastava, Shivam, Usha Iyer Raniga, and Sudhir Misra. "A Methodological Framework for Life Cycle Sustainability Assessment of Construction Projects Incorporating TBL and Decoupling Principles".
(December 25, 2021).
In construction projects, integration of the three social, economic, and environmental aspects of the triple bottom line (TBL) principle is challenging. Green building rating schemes, such as LEED and BREEAM, fail to fully consider the projects' life cycle sustainability. This study presents a sustainable construction methodology for well-being and impact decoupling. It provides the rationale for a life cycle methodological framework that applies a TBL approach to sustainability assessment in construction and evaluates interactions among the three social, economic and environmental factors. The methodology can be tailored to suit the sustainability assessment requirements for the different construction phases and typologies.
Posted on 29/03/22
- Ayesha Malik, and Aditi Maheshwari. "Construction Industry Value Chain".
International Finance Corporation.
The global construction industry is the world’s largest consumer of raw materials. Construction accounts for 25%–40% of total carbon emissions globally. Companies across all sectors of the construction value chain are embedding sustainability into their operations and products, developing innovative green products, advocating sustainability standards, and integration into the circular economy. Construction companies around the world are facing pressure from investors, banks, regulators, contracting authorities, and consumers to mitigate their climate risk and implement solutions to reduce their carbon footprint. They are becoming increasingly accountable for their contribution to global emissions and making progress toward addressing these concerns.
Posted on 24/03/22
- Mossin, Natalie, Sofie Stilling, Thomas Chevalier Bøjstrup, and Ingeborg Christiane Hau. "An Architecture Guide to the UN 17 Sustainable Development Goals Volume 2".
Royal Danish Academy – Architecture, Design, Conservation.
Architecture and architects play a major role in developing sustainable cities and the built environment to achieve the 17 UN Sustainable Development Goals (SDGs). This extensive collection of architectural projects across the world illustrates how architecture and architects can contribute to each of the SDGs. The 80 example projects vary in terms of stakeholders and size and demonstrate the significant contribution that architecture can make, regardless of budget, location and resources. Architects can facilitate an open dialog and work in partnership to provide sustainable solutions and encourage authorities to provide the needed regulation for developing a sustainable built environment.
Posted on 21/03/22
- Kress, Dietmar. "Greenpeace Sustainability Barometer 2021 – We Are Ready and Finally Want a Sustainable Future!".
Today’s youth demands more commitment to sustainable development and more direct participation. Young people have the most confidence in NGOs advancing the sustainable development agenda, followed by science and citizen initiatives. For the younger generation, environmental destruction, species extinction, and climate change are major causes of concern. German youth sees environmental protection, social aspects of development, and future-oriented economic activity as interrelated. Despite viewing political actors as important partners, the younger generation feels let down by politics that makes it easier for the greenwashing practices of "charlatan" sustainability professionals. Trust is the currency that stabilizes and strengthens young people.
Posted on 19/03/22
- Holum, Marthe. "Citizen Participation: Linking Government Efforts, Actual Participation, and Trust in Local Politicians".
International Journal of Public Administration.
(March 13, 2022).
Citizen participation is key for effective and successful local government. Without participation, local government initiatives have a limited effect on improving trust in local politics and politicians, resulting in much more challenging implementation. Without the effective involvement of citizens in local government decision-making, participation is mainly protest-related. Citizen participation in government policy-making and implementation is considered essential for true democracy. Participation is a way for the government to better understand the needs of the public and for the public to monitor governmental operations. Rather than meetings or public hearings, low-threshold web-based initiatives appear to be the most effective participation mechanism
Posted on 17/03/22
- Mendoza, Beatriz González. "Building Participatory Accountability Systems for City Policies: Handbook".
United Nations Human Settlements Programme.
Sustainable urban development calls for effective cooperation and collaboration between all relevant stakeholders. Governance is one of the fundamental drivers of change that promotes direct partnership between the municipalities and the private and third sectors. Governance requires municipal authorities and their institutions to operate under the principles of transparency and accountability. Transparency requires municipalities to act openly. Accountability allows the affected stakeholders to be informed about their decisions and resulting action and the criteria used to reach those decisions. Both accountability and transparency are essential for meeting the New Urban Agenda and Sustainable Development Goal 11 (SDG 11).
Posted on 15/03/22
"Baden Hilft!". Accessed March 11, 2022.
The war in Ukraine is destroying the country and shaking Europe and the world. The conflict is causing a refugee crisis of historic proportions. Humanitarian needs are surging as the war continues and escalates. More people are being displaced by the violence, with as many as 12 million people needing assistance. Baden Hilft! (Baden Helps!) is an initiative of the community of Baden. Hospitality and the private and public sectors as well as individuals and civil society organizations are supporting the initiative. Baden Hilft! provides information in Ukranian, German and English to help refugees from Ukraine. You can help too!
Posted on 11/03/22
- Crosse, Giles. "How Aviva Plan to Eliminate Sustainability Fraudsters".
(March 03, 2022).
Sustainability charlatans are so-called "sustainability professionals" and other self-anointed "SDG experts" who actively and knowingly greenwash their activities or those of their clients through opaque methods and questionable reporting practices. Although not standardized, environmental social and governance (ESG) and corporate social responsibility (CSR) reporting help to exclude them from the process. Aviva Investors, a global asset manager with around £350bn assets under management, is announcing plans to eliminate "sustainability fraudsters". It will accomplish this by establishing stewardship priorities – climate change, biodiversity, human rights, executive pay – and divesting out of companies that fail to meet its set science-based targets (SBTs).
Posted on 10/03/22
"Applications Open for Russian Citizens to Become United Nations Volunteers". March 07, 2022.
The United Nations Volunteers (UNV) program is an opportunity for Russian citizens to help the UN address the challenges of sustainable development and global peace. Volunteers serve for one year in UN programs and projects in various countries and act as agents of sustainable transition in various professional fields for achieving the UN Sustainable Development Goals (SDGs). The program offers UN volunteer assignments in different areas of expertise for Russian nationals who meet the eligibility criteria for international UN volunteers. Also, the applicants' academic, extra-curricular and volunteer activities must demonstrate their commitment to sustainable development, prosperity, and peace.
Posted on 05/03/22
- Michael Widmann. "#HospitalityHelps".
Accessed March 03, 2022.
#HospitalityHelps is a platform that connects families that are fleeing the war in Ukraine with hotels around Europe. Currently focused on key cities in Austria, Czechia, Germany, Hungary, Moldova, Poland, Romania, and Slovakia, the hotels provide free stays for five nights to Ukrainians who show proof of residency in Ukraine at check-in. Via a booking platform prepared by HotelSwaps, Ukrainian refugees who are fleeing the war and require accommodations can apply for 5 nights free in a participating hotel. Hotel owners and operators who can offer unsold rooms in their hotels make them available to the refugees via the platform.
Posted on 03/03/22
World Travel & Tourism Council.
"Destination 2030: Global Cities’ Readiness For Tourism Growth". June 30, 2019.
City planning authorities, developers, investors, legislators, and community groups have to collaborate to prepare cities for growth in tourism. Decision-makers create long-term plans involving all stakeholders, where local residents must be at the heart of the infrastructure developments and investments. The decision-makers and investors need to consider the needs of residents and visitors, a broad spectrum of other factors, and the resulting challenges and opportunities when making decisions to develop city tourism. This report studies the extent to which global cities have the necessary urban and tourism infrastructure and policies to support the sustainable growth of hospitality in their cities.
Posted on 18/02/22
- Vanhuyse, Fedra, Neal R. Haddaway, and Maryna Henrysson. "Circular Cities: An Evidence Map of Research between 2010 and 2020".
(November 17, 2021).
https://doi.org/...Cities are increasingly transitioning towards the circular economy (CE). They are moving towards a sharing economy and implementing CE strategies to reduce their use of resources and environmental impact. The efforts of municipalities concentrate chiefly on the "lower-level" waste and wastewater management and recycling and recovery strategies. Among the "higher-level" CE strategies pursued by governments across the world are reducing, repurposing, remanufacturing, and reusing. This review systematically maps the scientific and grey literature of the CE strategy that they are focusing on. It enables policymakers to find examples of cities of similar size, similar sectoral approach, and suitable CE strategy.
Posted on 16/02/22
- Day, Thomas, Silke Mooldijk, Sybrig Smit, Eduardo Posada, Frederic Hans, Harry Fearnehough, Aki Kachi, Carsten Warnecke, Takeshi Kuramochi, and Niklas Höhne. "Corporate Climate Responsibility Monitor 2022".
Most large companies now have public climate strategies and targets, many of which include pledges that appear to significantly reduce or even eliminate their contributions to global warming. The acceleration and spread of corporate climate pledges makes it increasingly difficult to distinguish between true climate leadership and unsubstantiated greenwashing. Corporate greenwashing is compounded by a general lack of regulatory oversight at national and sectoral levels. This report evaluates the transparency and integrity of companies’ climate pledges. Identifying and promoting real climate leadership is a key challenge that has the potential to unlock greater global climate change potential and mitigation ambition.
Posted on 12/02/22
Global Reporting Initiative.
"A Business Case for Environment & Society". January 24, 2022.
The need for standardized, comparable information to enhance decision-making by shareholders and stakeholders has accelerated with the great increase in ESG investments, rankings, and exchange-traded funds. Sustainability reporting, which focuses on disclosing companies' environmental, social, and governance (ESG) impacts, attracts investors and improves their reputation with employees, suppliers, customers, and the communities where they operate. ESG issues affect a company's capabilities and opportunities to create value. GRI is aligning with IFRS accounting and helping to make the link with sustainability reporting for companies. GRI is also actively engaged in the process to advance the EU's Corporate Sustainability Reporting Directive.
Posted on 11/02/22
- Pasanen, Panu, Sara Tikka, Lorélia Le Gouvello, Kostas Koukoulopoulos, Vasilis Kalfountzos, and Libby Bounds. "Decarbonizing Construction – Guidance for Investors and Developers to Reduce Embodied Carbon".
This report is for developers and investors, who drive transformation at the early stages of building projects, to guide them on reducing embodied carbon and future-proofing new construction projects. It suggests over 50 embodied carbon-reduction policies and best practices that developers and investors can adopt for their projects and guidance on using them. Developers and investors can use the guidance across different asset classes. The proposed measures and list of requirements are flexible and easily combined with different green building certifications or sustainability reporting systems. By doing so, they can significantly reduce the financed emissions.
Posted on 09/02/22
- Clayton, Jim, Steven Devaney, Sarah Sayce, and Jorn van de Wetering. "Climate Risk & Commercial Property Values: A Review and Analysis of the Literature".
This is a forward-looking climate risk analysis and assessment of the impact of climate risk on commercial property investments through pricing, CapEx or OpEx decisions. The study sought to understand the extent to which real estate markets price in the risks from extreme weather and climate change and the channels through which the impacts of these risks on value have materialized. It diagrams the potential financial materiality of climate risk on CRE assets to help practically apply the research. Using the discounted cash flow (DCF) appraisal framework, it demonstrates how climate change physical risks feed through to income-property pricing.
Posted on 07/02/22
- Stendahl, Marie-France, Marie-Claude Dubois, Daniel Forgues, and Eilif Hjelseth. "Building Information Modeling for Environmental Impact Assessment in Early Design Phases: A Literature Review".
Open Journal of Applied Sciences.
Building information modeling (BIM) and building energy modeling (BEM) are two key tools for transitioning to net-zero energy buildings (NZEBs). This review discusses the connection between BIM, BEM and life-cycle assessment (LCA) and their role in the development and operation of net-zero carbon (NZC) buildings. It identifies factors that limit the effective use of the tools, including the low level of BIM user competence and understanding of the levels of development (LOD) at the design stages. Standardizing interdisciplinary definitions and increasing the understanding of LOD are recommended to improve the effectiveness and performance of the ecosystem service (ES) tools.
Posted on 04/02/22
- Klein, Jennifer. "Potential Liability of Governments for Failure to Prepare for Climate Change".
Sabin Center for Climate Change Law, Columbia Law School.
https://web.law.columbia.edu/...This paper examines the potential legal liability of governments by accumulating risks of climate change. It addresses negligence, fraud, and takings, describing the benefits and challenges of each, and explores ways to overcome a government’s claim of sovereign immunity in the context of a negligence claim. It describes the challenges of bringing a claim for fraud where officials intentionally "obscure relevant information" about climate change risks, including the sovereign immunity defense and difficulties proving causation and intent. It also explores claims for just compensation where property is damaged or destroyed through government failure to prevent the impacts of climate change.
Posted on 03/02/22
- Diener, Michele L., Amisha Parekh, and Jaclyn Pitera. "High Performance Hospitality".
American Hotel & Lodging Association.
The cases describe the environmental, social and financial advantages and applications of hotel design, construction, and operations to assist in expanding a high-performance development resources network. They are grouped by category – mid-rate, conference center, and luxury – and cover the resource for the project developers, owners, managers, architects, and contractors. Additional resources include a summary of certification programs for high-performance hotels, a checklist of metrics and key performance indicators, and a summary of the advantages for stakeholders in hotel construction and operations. This 2008 study provides representative cases for integrating SDG and ESG criteria into hospitality projects going forward towards 2030.
Posted on 02/02/22
- Wu, Chia-Huei. "Exploring Green Hotel Competitive Strategies by Using the Hybrid Method for Complex Data Analysis".
Mathematical Problems in Engineering.
(June 16, 2021).
Green hotels emphasize safety, health, and environmental friendliness. They promote green operations, green consumption, environmental protection, and the reasonable consumption of resources in operations. This study explored the criteria and competitive strategies of green hotels in the development of criteria systems. It shows that hotels should focus on and continue investing resources in two areas – green product procurement and overall service quality – to maintain their competitive advantage, improve green performance, and enhance performance on other criteria. It argues that failure to take action may cause their green performance to fall below the industry standard and behind that of competitors.
Posted on 31/01/22
- Dharmapalan, Vineeth, William J. O’Brien, and Douglas J. Morrice. "Defining Supply Chain Visibility for Industrial Construction Projects".
Frontiers in Built Environment.
(September 28, 2021).
https://www.frontiersin.org/...Visibility is needed in the construction supply chain for sustainable procurement and decision-making. Supply chain visibility (SCV) is essential for on-time delivery and installation of materials and results in more effective supply chain management and improved project ESG performance. For effective communication with other stakeholders in the supply chain, standardized definitions are needed. This study developed and defined information to support key supply chain decision areas during the design, procurement, and construction phases for a typical industrial construction project. Standardized definitions allow for better measurement of supply chain visibility and support the development of new SCV tools and techniques.
Posted on 27/01/22
The Austrian Ecolabel.
"Ecolabeled Travel Offerings". Accessed January 19, 2022.
Tourism 2030 DestiNet Services reports that there are over 200 certification programs on sustainable tourism – certificates operating worldwide, certificates in Europe (in two or more European countries), and national certificates. The Austrian ecolabel for "Green Meetings and Green Events" is said to be the first green ecolabel for national-level certification of events. The Austrian ecolabel for travel certifies providers of responsible, environmentally and socially responsible hospitality facilities, including Alpine huts. Organizers, participants and venues that are involved and committed to creating a truly sustainable event are awarded the Austrian Ecolabel for "Green Meetings and Green Events".
Posted on 19/01/22
- Harrington, Damian, and Neil Crook. "ESG: At a Tipping Point".
The regulation of environmental, social and governance (ESG) factors in investment and corporate decision-making in capital markets has reached a tipping point. The new regulations create a standard for ESG reporting to facilitate sustainable investments. However, the drive to advance ESG-compliant investing is also creating uncertainty in the global real estate market. This report points to an urgent need for policy makers to agree on pragmatic, actionable targets leading to the creation of clear, consistent technical standards and benchmarks. This will enable the reallocation of capital and skills as investors rush to factor new ESG realities into decision-making.
Posted on 17/01/22
- CDC Group plc. "ESG Toolkit for Fund Managers".
Environmental and social (E&S) risks are the potential negative consequences to a business that result from its (perceived) impacts on the natural environment or communities. Failure to effectively manage E&S issues in a business can lead to a range of financial, legal and reputational consequences for the company. The CDC ESG Toolkit is indended to help fund managers familiarize themselves with the E&S risks in the supply chains of their investments. For their investing, fund managers must carefully consider each company based on its specific characteristics and circumstances, including scale, location, technology, management capacity and commitment, and track record.
Posted on 13/01/22
- Reynard, Cherry. "Are Stranded Assets an Unexploded Bomb?".
(October 19, 2021).
https://www.morningstar.co.uk/...Buildings that are too uneconomical to retrofit to comply with legislation, such as the EU Energy Efficiency Directive (EED) and National Energy and Climate Plans, become stranded assets. They are a significant risk for investors and property owners that have not ensured that their real estate assets are future-proofed and operate efficiently. Countries are mandating building energy efficiency targets and net-zero carbon emissions, making the cost of retrofitting some properties greater than the value of the asset. This article voices the concern that the real estate sector is seriously unprepared for the financial impact, thereby causing the stranding of assets.
Posted on 10/01/22
"Green Loan Principles". February 2021.
Green loan principles (GLP) are a high-level framework of market standards and guidelines to promote the development and integrity of the green loan product. They define green loans as any debt instrument, including bonds, made available exclusively to finance or re-finance, in whole or in part, new and/or existing eligible "green projects". Green tagging is a systematic process to identify the environmental attributes of loans and underlying asset collateral for scaling up sustainable finance. It allows for easier access to green bond markets, better tracking of loan performance, and provides greater transparency of sustainability risks and portfolio resilience.
Posted on 10/01/22
- Jackson, Felicia. "EU to Gut the Principle of Sustainable Taxonomy with Inclusion of Nuclear and Gas".
(January 04, 2022).
EU taxonomy was intended to provide a system for the classification of environmentally and financially sustainable economic activities. It is essentially a green label for the investment of over a trillion euros. Also called the "Sustainable Finance Taxonomy", it's about subsidized financing and lots of money. The taxonomy is a tool driving the realignment of capital that could provide the US$3-5 trillion needed to meet the EU's climate goals. Designed to give investors confidence that their investment meets sustainability criteria under the Sustainable Finance Disclosure Regulation (SFDR), it will facilitate and enable the rapid scale-up and deployment of "sustainable finance".
Posted on 07/01/22
- Lee, Evelyn. "Deep Dive: Private Real Estate’s Obsolescence Problem".
(December 06, 2021).
Asset managers conduct annual portfolio reviews and tenant engagement surveys to identify and manage potential obsolescence issues. Future pricing is a concern and they understand the risk that many obsolete assets may soon be on the market at the same time, pushing prices down. Thus, lenders and investors are focusing on future-proof assets. When the full transition risk is priced in, it is expected that assets will drop in price 15%-20%, which equates to roughly 100bps to expected long-term unlevered returns. Moreover, green cap-ex and a minimum energy performance certification rating is increasingly becoming mandatory.
Posted on 06/01/22
- Dowling, Cara, C. Mark Baker, Dylan McKimmie, Tamlyn Mills, Kevin O’Gorman, and Martin Valasek. "Climate Change and Sustainability Disputes between Foreign Investors and States".
Norton Rose Fulbright.
Countries are transitioning to low carbon, sustainable and climate-resilient economies. The action taken by states on climate change and sustainability will affect the profitability and viability of many existing investments and commercial arrangements. Significant changes to the investment environment in the name of climate change and sustainability threaten investments and assets. Pressure on all levels of governments, legislators and regulators to act is increasing. Climate change is leading to new economic realities and legal frameworks to which all states and companies must adapt. Without properties taking adequate measures to mitigate the impacts, sustainability disputes and climate litigation will arise.
Posted on 05/01/22
"Environmental Performance of Products & Businesses – Substantiating Claims". Accessed January 04, 2022.
The European Commission (EC) consulted with the general public and key stakeholders to regulate green claims in marketing and combat greenwashing. The consultation assessed the reliability and scope of current labels/initiatives and reviewed the current greenwashing practices that mislead market actors and reduce sustainable development incentives. It was conducted online with all interested parties and ostensibly undertaken to demonstrate the Commission's commitment to fighting the practice of making misleading environmental claims. However, the consultation on a “legislative proposal on substantiating green claims” did NOT keep the Commission from including nuclear and gas in EU sustainability taxonomy.
Posted on 04/01/22
- mariatigre. "A Look Back at Significant Decisions in Climate Litigation in 2021".
Climate Law Blog.
(December 23, 2021).
2021 was a significant year for climate litigation. This post highlights some of the most significant decisions in climate litigation and their implication for the future. The verdicts show that courts increasingly recognize climate change as a human rights issue and that judges are prepared to order both states and companies to enact ambitious climate policies. Several cases and decisions clarify stakeholder responsibility for climate change. Courts worldwide further defined governments’ and companies’ duty of care for climate change as well as the extraterritorial responsibility of governments for climate harm. Increased filings and further decisions are anticipated in 2022.
Posted on 04/01/22
- Mathiesen, Karl, and Aitor Hernández-Morales. "Brussels’ Big Building Grab".
(December 15, 2021).
The EU plans to regulate the renovation of already existing, poorly insulated or ventilated buildings to become carbon neutral by 2050. The "nearly net-zero" energy efficiency standards for new builds are set to be strengthened. For the initiative, the Commission will make up to €150bn in regional development, cohesion and recovery funds. Leading to warmer homes, a boost in property values, lower heating costs, and a blue collar employment boost, the proposal has strong backing from industry and consumer groups. However, concern is being voiced about the demand it would place on the public sector, building owners and tenants.
Posted on 03/01/22
- Ashour, Mojtaba, Amir Mahdiyar, and Syarmila Hany Haron. "A Comprehensive Review of Deterrents to the Practice of Sustainable Interior Architecture and Design".
September 17, 2021.
Sustainable Interior Architecture and Design (SIAD) impacts energy conservation as well as occupants’ satisfaction, comfort, and physical and psychological wellbeing. Although its adoption is necessary for achieving the sustainable development and operation of the built environment as well as the relevant sustainable development goals (SDGs), the practice of SIAD is impeded by numerous obstacles. This article provides a systematic review of the relevant literature and a comprehensive summary table consisting of 61 deterrents to the practice of SIAD. They are categorized as economic; attitude, knowledge, and awareness; market, information, and technology; education and training; and government and professional bodies.
Posted on 30/12/21
- Chant-Hall, Greg. "Due Diligence and Ongoing Stewardship When Engaging on Supply Chain Risk".
Stewardship is the use of influence by institutional investors to maximize long-term value, including the value of common social, environmental and economic assets on which returns and stakeholder interests depend. Stewardship and ESG incorporation calls for the inclusion of ESG factors in investment and capital allocation decisions. Effective product stewardship diligence looks at ESG supply chain risks and the actions to produce and market a product. Due diligence is performed by investors to facilitate the understanding of a company’s product stewardship and supply chain management. It aims to establish a baseline and framework for discussions on performance targets and monitoring.
Posted on 29/12/21
"‘Sustainable’ Companies Face Increased Pressure to Justify the Sustainability Label Amid Investor Challenges and Demands for Greater Risk Assessment and Disclosure". (December 01, 2021).
Companies globally are increasingly required to provide disclosure that is reliable, consistent, and comparable. They are facing increased pressure across the world to justify their sustainability label – "green labeling". The US Securities and Exchange Commission (SEC) has also voiced the importance of clear, consistent, and accurate disclosure as regards climate-related impacts. Carbon emissions from supply chains, manufacturing, and consumer waste have a significant impact on the overall assessment of a company's sustainably. It is expected that the Commission will soon pursue an approach where companies assess “sustainability” as an end-to-end concept and recognize this risk in their climate-related disclosures.
Posted on 28/12/21
- Yoong, Kimberly, and Adrian Flück. "ESG in Hotel Real Estate: Understanding ESG & the Hotel Asset Lifecycle".
Accessed December 27, 2021.
This article explores ESG – environmental, social and (corporate) governance – in the hotel sector by examining the ESG factors in hospitality and reviewing the role of ESG in a hotel’s life cycle. While environmental needs are the most pressing and environmental efforts are more measurable, social and governance factors must also be considered for ESG compliance. ESG is thought to require higher cost premiums, where investors expect to receive a premium upon the sale of ESG-compliant assets. ESG also plays a crucial role throughout the asset's life cycle, where developers, lenders, operators and investors are involved along a hotel’s value chain.
Posted on 27/12/21
The High Level Panel on the Post-2015 Development Agenda.
"A New Global Partnership: Eradicate Poverty and Transform Economies through Sustainable Development". May 30, 2013.
Published in 2013, the report contributed to the development of a post-2015 agenda and the Paris Agreement adopted in 2015 by the United Nations. It set out a universal agenda to eradicate extreme poverty globally by 2030 and deliver on the promise of sustainable development. The report addressed issues that are critical to building a better future, including promoting sexual and reproductive health and rights, advancing the sustainable use of energy, empowering women and girls, and focusing on the needs of young people. It called upon the world to unite in a "Global Partnership" with a role for everyone.
Posted on 24/12/21
- Frezza, Carlo Emanuele. "Aufgefallen in… Rimini".
Finanz und Wirtschaft.
December 17, 2021.
On the Italian Adriatic coast in the province of Rimini, more than 350 hotels are up for sale. According to estimates, €320 million would be enough to buy a good third of them. In Rimini alone, 159 buildings are now on the market, several of them with four and five stars. It is not only the Corona pandemic that has so many hotels empty and suffering. Some managers have simply not developed over the years and invested in sustainable solutions that lure guests. Hoteliers are advised to think about and take perhaps unconventional ways to attract tourists in the future.
Posted on 23/12/21
- Okoye, Peter Uchenna. "Factors Influencing Clients’ Commitment to Sustainable Construction Practices".
International Journal of Sustainable Development and Planning.
(February 08, 2021).
Successful sustainable development of projects largely depends on the level of clients’ commitment to sustainable construction practices. This survey found that the most influential factors were client knowledge and awareness; cost implication and mechanism of financial involvement; economic value and return on investment; end-user/client perception and preference; and health and safety implications. Clients decide on and have control over the implementation of sustainable construction practices and the success of sustainable construction projects. Responsible clients express sustainability aims in a policy statement, which stimulates sustainability action plans for social, economic and environmental issues and drives the sustainability of building construction.
Posted on 20/12/21
- Borg, Ruth, Rebecca Dalli Gonzi, and Simon Borg. "Building Sustainably: A Pilot Study on the Project Manager’s Contribution in Delivering Sustainable Construction Projects – A Maltese and International Perspective".
December 05, 2020.
Tasked with the overall management of a building’s development phases, the project manager is becoming increasingly crucial for achieving project sustainability goals. This survey reveals that project managers were well aware of sustainability issues and their role in bringing a sustainability agenda into construction projects. Pre-construction (43%) and construction (28%) were the stages where a project manager can give the highest input. The refusal of clients to commit increased capital (34%), the requirement for specialized training (33%), and the lack of incentives aimed at increasing the sustainability of projects (22%) were cited by respondents as obstacles to sustainable construction.
Posted on 19/12/21
- Schicklinski, Judith, Stephanie Barnebeck, Yannick Kalff, and EAH Jena. "Civil Society Actors as Drivers of Socio-Ecological Transition? Green Spaces in European Cities as Laboratories of Social Innovation".
WIFO – Austrian Institute of Economic Research.
Socioecological systems reflect a highly interconnected relationship between society and ecosystems. Their resilience depends on a wide range of factors stemming from the linkages between human societies and ecosystems. The factors include changes in the social, political and environmental factors and the interaction between the systems. Urbanization occurs when living conditions in the city are not attractive enough, say, due to high traffic density and related pollution problems. "Green infrastructure" has the purpose of lessening the burden of urban development on the environment while providing ecosystem services, such as the reduction of traffic density in cities and related pollution problems.
Posted on 15/12/21
- Fakih, Moe. "3 Reasons for an Early Sustainability Feasibility Study for Your Project".
(March 19, 2021).
Evolving green building and energy codes impact the cost assessment and early schematic design of projects, which building owners and design teams must understand. Sustainability feasibility studies are undertaken early in the construction document (CD) phase to effectively address sustainability goals and requirements without impacting the design or construction process. Early sustainability feasibility studies help design teams assess sustainability impacts, align the owner’s requirements, and avoid costly delays and scope creep that lead to increased soft and hard costs. They also consider above-code requirements, such as all-electric construction, photovoltaic installation, third-party rating programs, and/or other sustainable project development solutions.
Posted on 14/12/21
- Zipper, Birgit, and Alexander Gerlach. "Sustainability Becomes Part of Investment Advice: ESG – Mandatory or Optional?".
Sustainability is becoming an integral part of the suitability test of investments. With the EU Action Plan on Financing Sustainable Growth, the EU has created binding rules for financial advisors. It also underlines its ambitions in the fight against climate change and sets a clear signal for the reallocation of capital in favor of sustainable investments. By 2 August 2022, investors will decide whether and to what extent sustainability should be included in their investment decision. The mandatory query of sustainability preferences in investment advice is likely to further fuel the already strong demand for sustainable investment funds.
Posted on 13/12/21
- Zimmermann, Regitze Kjaer, Ole Skjelmose, Kasper Guldager Jensen, Kristian Knorr Jensen, and Harpa Birgisdottir. "Categorizing Building Certification Systems According to the Definition of Sustainable Building".
IOP Conference Series: Materials Science and Engineering.
(February 24, 2019).
There are several sustainable – "green" – building certifications schemes and great variation in how they are structured, evaluated, and weight social, environmental and economic dimensions. For the definition of "sustainable building certification", this paper from 2019 gives the three dimensions equal weight. Active House, BREEAM, DGNB, Green Star, HQE, LEED, Living Building Challenge, Miljöbyggnad, Nordic Ecolabel and WELL were the certification schemes analyzed. Across the systems, the environmental dimension accounted for an average of 51% and economy 5.6%. Of the 10 systems, only DGNB certification gave equal weight to the social, environmental and economic dimensions in the definition of sustainability.
Posted on 12/12/21
- Erasmus, Priyanka, and Usha Iyer-Raniga. "Construction Supply Chains and Their Role in Sustainability".
Springer International Publishing.
It is suggested that standards and regulation of the construction of the supply chain would be less effective than the "ethical approach" and third-party monitoring. At best, developers and construction companies make an ethical choice as regards sustainable procurement, for which the value for money (VfM) framework appears useful. Construction companies can apply VfM within their projects to take the SDGs and sustainability into account to procure "affordable" resources while furthering their sustainability agenda. VfM informs owners, constructors, design consultants and other non-owner participants involved in project delivery along the construction supply chain and throughout the whole-life cycle.
Posted on 12/12/21
"Adoption of EU Taxonomy Delegated Act Marks Milestone Opens New Chapter in EU’s Sustainability Efforts". December 09, 2021.
The EU Taxonomy Delegated Act adopted on 9 December 2021 contains the technical screening criteria (“TSC”) for climate change adaptation and mitigation under the EU Taxonomy Regulation. The TSC is key in the EU’s transition to achieve carbon neutrality by 2050 and in guiding investment to environmentally sustainable economic activities, including the EU Renovation Wave initiative. 75% of EU buildings are believed to be energy-inefficient. Improving the energy performance of the EU’s buildings is critical in meeting the EU’s targets. Appropriate guidance and clarity around the usability of the taxonomy for underlying financial products for the needed investment are essential.
Posted on 09/12/21
- Russell, Erica, Jacquetta Lee, and Roland Clift. "Can the SDGs Provide a Basis for Supply Chain Decisions in the Construction Sector?".
(February 28, 2021).
Sustainability in the construction sector has increased in importance but is difficult to implement. This paper provides an empirical investigation into the value of the UN sustainable development goals (SDGs) for use as a framework for action to drive organizations towards sustainability in global construction supply chain. It cites two different and contrasting approaches for improving the sustainability of supply networks: the bottom-up "ethical approach" and top-down regulations. The paper suggests that promoting shared ethical values aligned with third-party monitoring of consumption and production in the construction industry would be more effective than regulation of the supply chain.
Posted on 08/12/21
- Dawson, Christine. "SDGs: Top Trumps of Sustainable Finance?".
(November 17, 2021).
Private finance is essential for meeting the Sustainable Development Goals (SDGs). To mobilize the finance and harness capital flows for sustainable development and investing, the investment community must make sense of the SDGs. For this, a global benchmarking tool, SDG rating harmonization, a globally adopted taxonomy, and independent evaluation of SDG alignment methodologies are needed. Until the use of SDGs is regulated and made mandatory for institutions, it's left to asset managers to align them with investment strategies and ESG investment criteria. Without the regulation and use of SDG investment criteria, asset managers are running the risk of SDG washing.
Posted on 08/12/21
- Wiedmann, Thomas, and Cameron Allen. "City Footprints and SDGs Provide Untapped Potential for Assessing City Sustainability".
Concepts that assess the sustainability of cities are only now emerging. Assessments vary considerably depending upon the indicators, targets and methods. Science can help in defining indicator frameworks, quantifying indicators, and developing the metrics and methods for evaluating progress. The UN 2030 Agenda and Sustainable Development Goals (SDGs) provide unique criteria for assessing urban sustainability. The SDGs offer a comprehensive and integrated framework of goals, targets, and unique indicators to guide progress on sustainable development. They have an advantage over other sustainability assessment indicators and frameworks since they were agreed through the consensus of the UN member states.
Posted on 07/12/21
EY Parthenon, Booking.com, and OC&C Strategy Consultants.
"Global Accommodation – The Road to Net Zero Emissions". October 2021.
https://www.lechotouristique.com/...There is significant potential for the reduction of GHG emissions from accommodations while reducing the operating costs to achieve net-zero GHG emissions by 2050. This report focuses on abating direct and controllable emissions and presents a transition pathway with opportunities for accommodations to directly reduce CO₂ emissions. The report is based on primary research that maps the GHG emissions of the global accommodation sector and the different types of accommodations operating in different geographies and climate zones. It provides a detailed, bottom-up underpinning of the accommodation sector's progress so far and what it can still achieve through different measures.
Posted on 06/12/21
Global Destination Sustainability Movement.
"Global Destination Sustainability Index 2021". Accessed December 04, 2021.
The top 10 destinations are #1 Gothenburg, Sweden; #2 Copenhagen, Denmark; #3 Aarhus, Denmark; #4 Glasgow, UK; #5 Reykjavik, Iceland; #6 Tirol, Austria; #7 Lyon, France; #8 Zurich, Switzerland; #9 Bordeaux, France; and #10 Aalborg, Denmark. The GDS-Index is a performance improvement program to make the leisure tourism industry more sustainable. The four key areas deemed vital to the sustainability performance of a destination are environmental strategy and infrastructure; social sustainability performance; industry supplier support; and the DMO's strategy and initiatives. These areas are evaluated to assess the action of the DMOs on sustainability. The ranking supports DMOs and convention bureaus to adopt, promote and recognize responsible and regenerative practices.
Posted on 05/12/21
"Design For Sustainable Development". September 01, 2020.
This thematic collection aims at creating a forum for encouraging and debating the design for sustainable development. High-quality scientific contributions are needed to provide a coherent and widely accepted approach for designs that maximize the positive and minimize the negative environmental impacts while bringing about positive social and economic changes. To reach global development goals and sustainable growth, the private and public sectors need to undergo a large and systemic transition. The rethinking of existing systems to equitably meet the needs of a growing global population while ensuring future environmental viability is an essential and priority task for today’s society.
Posted on 04/12/21
- Graves, Christine, and Hildegard Lingnau. "“Overview: Putting Sustainable Development at the Core of Business Models.” In Development Co-Operation Report 2016 – The Sustainable Development Goals as Business Opportunities".
The private sector holds a pivotal position in achieving the goals of the 2030 Agenda for sustainable development, which requires funding and co-operation on an unprecedented scale. This chapter addresses how international cooperation can help to put sustainable development at the core of business models and provides a set of recommendations. It looks at the need for sustainable development to focus on the quality and the quantity of private sector contributions. The challenges include making sustainability business as usual, creating conditions for good investment, building global change from the bottom up, ensuring accountability and transparency, and creating new multi-stakeholder partnerships.
Posted on 04/12/21
- Bellon, Aymeric. "Does Private Equity Ownership Make Firms Cleaner? The Role Of Environmental Liability Risks".
SSRN Electronic Journal.
(June 12, 2020).
Private equity-backed firms increase pollution in locations and periods where environmental liability risk is relatively low while decreasing GHG emissions and pollution where regulatory risks increase. This study shows that private equity (PE) ownership leads to a 70% reduction in the baseline rate of toxic pollution. Exploiting specific private equity deals from the energy industry, the study found that PE control and incentive to sell the firm are the main drivers behind the results. Reducing GHG emissions and toxic pollution reduces environmental liability risk and maximizes PE exit value by making the portfolio company attractive to more buyers.
Posted on 03/12/21
World Travel & Tourism Council.
"A Net Zero Roadmap for Travel & Tourism". November 2021.
This report supports stakeholders on the transition towards net-zero emissions by providing knowledge for the climate commitments of the private sector. It considers the most common roadblocks and areas for support as well as decarbonization levers for the achievement of net-zero targets. The report offers a decarbonization framework with specific action tables to support companies in their prioritization processes. It aims to identify and provide tools and resources to the sector that will encourage collaboration and support businesses to further prioritize climate action and set high ambitions that will accelerate the change towards a net-zero future.
Posted on 02/12/21
- Cataldo, Ieva, Nerija Banaitienė, and Audrius Banaitis. "Developing of Sustainable Supply Chain Management Indicators in Construction".
E3S Web of Conferences.
This paper provides tools that solve procurement problems in construction, where sustainability indicators were divided into social (governance), economic, and environmental groups. It identifies sustainability indicators for examining the supply chains of construction companies, allowing construction project managers to more easily apply up-to-date, advanced sustainable approaches. The use of the indicators can help develop strategies for sustainable development policymakers and construction managers. The breakdown of indicators according to SCM sustainability and their in-depth study provides a basis for project managers and researchers to further analyze and study the indicators of projects in construction.
Posted on 30/11/21
Global Destination Sustainability Movement (GDS-Movement).
"Global Destination Sustainability Index (GDS-Index) Benchmarking Methodology". November 29, 2021.
The GDS-Index is a destination level program that measures, benchmarks and improves the sustainability strategy and performance of tourism and events destinations. Its purpose is to inspire, engage and enable destinations to become more regenerative, flourishing and resilient places to visit, where to meet, and thrive in. The GDS-Index integrates the 17 Sustainable Development Goals (SDGs) into the management of global destinations and was created specifically for the events and meetings industry. It is used to assess a destination’s sustainability and regeneration strategy, leadership, communication of sustainability initiatives to support client planners, and the rigorousness of their reporting on sustainability operations.
Posted on 30/11/21
Der Verband Österreichischer Entsorgungsbetriebe (VOEB).
"Green Jobs in der Abfallwirtschaft". November 2021.
Professions in the environmental sector – "green jobs " – are now quite popular among Austrians. In a recent study, 43% of respondents showed interest in a green job, as high as 60% among 14- to 18-year-olds. Waste and resource management is viewed as a crisis-proof job (46%) and a job with a purpose and benefit for environmental protection (42%). Project management, research and development, logistics and laboratories are most popular among both women and men. The study (in German) was commissioned by the Association of Austrian Waste Management Companies (VOEB) among 1,500 Austrians between the ages of 14 and 69.
Posted on 28/11/21
- Einarsson, Stefan, and Fabrice Sorin. "Circular Economy in Travel and Tourism: A Conceptual Framework for a Sustainable, Resilient and Future Proof Industry Transition".
December 16, 2020.
This paper suggests that the circular economy (CE) offers a pathway towards a resilient and sustainable, tourism ecosystem. It also suggests that hospitality, travel and tourism has an important role to play in the circular economy transition. The stakeholders can act as enablers of circularity and benefit from shared circular value within the value chains. This is achieved through a system-thinking approach based on collaboration, business model innovation and value co-creation. Circularity increases the resilience of the deeply interlinked industry and organizations, lowers natural ecosystem impacts, and provides enhanced economic and societal value to the ecosystem stakeholders.
Posted on 25/11/21
- Supply Chain Working Group. "Managing ESG Risk in the Supply Chains of Private Companies and Assets".
November 27, 2017.
Supply chains are often highly complex and span many countries and include multiple tiers that are made more opaque by outsourcing and offshoring. Highly interdependent, the relationship between products and services and ESG risk factors are intertwined across sectors and throughout every level of the supply chain. As they fall outside of a company’s core operations, supply chains are exposed to hidden and uncontrollable risks. These risks are typically driven by such ESG factors as natural resource depletion, human rights abuses, and corruption. They can harm the operations, financial performance, and reputations of the businesses, the assets, and the investors.
Posted on 23/11/21
- Day, Jonathon, Willy Legrand, and Olivia Ruggles-Brice. "Determining the Sustainability of Hotels in Your Supply Chain".
Sustainable Hospitality Alliance.
The hospitality industry needs to become more sustainable and hotels globally are focusing on the sustainability impacts of their supply chains. This guidance addresses the environmental and social sustainability issues in hospitality supply chains and recommends steps for determining what sustainability information to request. This document is intended to guide hotels in assessing the sustainability of their supply chain. It provides insight on the questions that help determine the sustainability of hotels and how to receive the highest quality replies. It is suggested that it be shared with business partners to support them in their information requests.
Posted on 22/11/21
- Tang, Christopher S., and Tinglong Dai. "ESG Investing Has a Blind Spot That Puts the $35 Trillion Industry’s Sustainability Promises in Doubt: Supply Chains".
(November 09, 2021).
There's some discrepancy in how such rating agencies as Bloomberg, MSCI and Sustainalytics are measuring the ESG risk in the performance of supply chains. To accurately measure a company’s ESG risks, also its end-to-end supply chain operations must be considered. The EU's new Sustainable Finance Disclosure Regulation mandates investment funds to report details on how they integrate ESG characteristics into their investment decisions. The German Supply Chain Due Diligence Act, which is to become effective in 2023, requires large companies based in Germany to be responsible for social and environmental issues arising from their global supply chain networks.
Posted on 16/11/21
- Schönherr, Norma, Heike Vogel-Pöschl, Florian Findler, and André Martinuzzi. "Accountability by Design? Exploring Design Characteristics of Corporate Social Responsibility Standards".
Sustainability Accounting, Management and Policy Journal.
(July 22, 2021).
Corporate social responsibility (CSR) standards are widely adopted instruments for supporting firms in becoming more accountable, while noncompliance limits their effectiveness and legitimacy. This paper investigates the design of 50 CSR standards across different standard types (principle-based, reporting, certification and process standards) systematically and comparatively for their accountability and compliance effectiveness. The study finds that the prevalence of design characteristics aimed at fostering accountability varies significantly between different standard types. It identifies implementability, comparability and measurability as three factors related to the specific purpose of any standard that explain this structural variation in the standards’ design.
Posted on 14/11/21
United Nations Environment Programme.
"Global Status Report for Buildings and Construction: Towards a Zero‑Emission, Efficient and Resilient Buildings and Construction Sector". October 19, 2021.
To limit additional global warming to below 2 degrees Celsius, countries have adopted policies and codes that have a future impact on the emissions and energy efficiency of buildings. Building emissions need to be reduced along their life cycle through a combination of reducing energy demand, decarbonizing the power supply and addressing embodied carbon stored in building materials. Efforts require maximizing the refurbishment of existing buildings, evaluating each design choice using a whole life-cycle approach, minimizing upfront carbon impacts, and avoiding future embodied carbon during and at the end of their life. This also helps in achieving the UN SDGs.
Posted on 13/11/21
- Mehta, Jojo. "Ecocide as an International Crime".
(October 26, 2021).
One solution to the widespread or long-term damage to the environment gaining support is to make ecocide a crime and punishable by international justice. Major events that massively destroy ecosystems would thus fall under the jurisdiction of the international criminal court. This would allow citizens to hold companies and governments to account for the mass-scale damage and destruction of the environment and ecology. If ecocide became international law, major cases against mass polluters could prevent further environmental destruction. Criminalizing ecocide could be part of the solution and the legal angle requiring policymakers, investors, insurers and CEOs to take preventive action.
Posted on 13/11/21
- Mathiesen, Karl. "EU Accused of Being the ‘Missing Leader’ at COP26 Climate Talks".
(November 11, 2021).
The role of the EU in the UN climate process has traditionally been to drive the talks and build the needed high ambition coalition. But, according to green groups, diplomats, observers and allies, the EU appeared at COP26 ineffective, constrained and inept at times. Where the EU was present and represented in negotiations, it remained silent. This was met with disbelief and left the impression that the EU was more interested in closing documents than in principles. However, the EU may be pushing for a deal behind closed doors that gets countries to announce new emissions cuts next year.
Posted on 12/11/21
World Green Building Council.
"Beyond the Business Case". November 04, 2021.
This report outlines why real estate businesses must invest in sustainability. It demonstrates benefits for investing in a sustainable built environment by capitalizing on the economic opportunities, addressing risk mitigation, and embracing the social value case. The report explores the evolving scope of sustainability, country climate pledges within the Paris Agreement, such regulatory change as the EU taxonomy, the rise in sustainable finance, and the growth of ESG reporting. It draws from the rapidly growing sustainability agenda along the value chain across the built environment and supports the business case for sustainable development for real estate developers and investors.
Posted on 11/11/21
- Wendy Li, Louise Twining-Ward, Jessie McComb, Shaun Mann, Urvashi Narain, Hasita Bhammar, and Helena Rey. "COVID-19, Environmental Impacts, and Implications for Tourism".
United Nations Environment Programme.
November 02, 2021.
Tourism in many countries, particularly in developing economies, depends largely on such natural assets as forests, coastlines and wildlife and are linked to such environmental conditions as clean air and water. Given the interdependency of tourism and the environment, the environmental impacts of COVID-19 have short- and long-term implications for the tourism sector, which is already disrupted by mobility and travel restrictions. This document is intended as a primer for those working on tourism and COVID-19 recovery and highlights critical challenges as well as short- and longer-term opportunities. It is organized in four areas and provides recommendations and further resources.
Posted on 10/11/21
"Europe Fails to Act on Energy Waste in Recovery and Resilience Plans". October 14, 2021.
At least 37% of the EU Recovery and Resilience Facility (RRF) for pandemic recovery funding must be spent directly on climate-related actions. This study of the National Recovery and Resilience Plans (NRRPs) in 18 member states reveals that only 8% on average is allocated to energy renovation. Austria is the worst performer, with only 3% going to energy efficiency projects, while the best is Belgium with 16%. Greece leads with plans to spend €384 per capita on energy renovation while Austria budgets just €11. The study identifies opportunities to improve and support the implementation of NRRPs across the EU.
Posted on 09/11/21
- Keating, Dave. "EU Prepares to Include Nuclear and Gas in Green Investment List".
(November 08, 2021).
EU countries have been arguing for three years whether to include nuclear and gas as green investments in the taxonomy. The decision will shape EU climate and energy policy for decades and have effects far beyond the financial sector. France, the UK, and Eastern European countries threatened to veto the EU taxonomy in 2019 because nuclear was not explicitly included as a sustainable investment. In 2020, a group of ten mostly CEE pro-gas countries threatened a veto because it did not include natural gas as a transition fuel. A nuclear-for-gas compromise may delay the Commission’s formal proposal until after this month.
Posted on 09/11/21
- Wehrmann, Benjamin. "German Politicians Affirm Rejection of Nuclear Power in EU Sustainable Finance Taxonomy".
Clean Energy Wire.
(November 08, 2021).
Germany's environmental minister from the Social Democrats (SPD), Svenja Schulze, has affirmed that the country will work towards excluding nuclear power from the EU taxonomy for sustainable investments. She says that they don’t want nuclear energy, don’t think it’s sustainable, and don’t want the EU to support it. The German government is countering an initiative of other EU member states led by France to include nuclear power in the EU’s plans to become climate neutral through sustainable investments. Markus Söder, Conservative (CSU) Bavarian state premier, supports Schulze’s opposition to making nuclear power a tool for climate change in the EU.
Posted on 08/11/21
"EU Taxonomy for Identifying ‘Sustainable Economic Activities’".
The EU taxonomy is a classification system that establishes a list of six "environmentally sustainable economic activities". It defines which economic activities are deemed to be environmentally sustainable to help the EU scale up the needed "sustainable investment" to become "climate neutral" by 2050. Unclear definitions, emission thresholds and areas of application have delayed its full implementation. The Commission is now assessing and deciding on the inclusion of nuclear energy and fossil fuels in the EU taxonomy of environmentally sustainable activities. The EU taxonomy is being amended to also include environmentally harmful sources of energy.
Posted on 08/11/21
- Amiri, Ali, Nargessadat Emami, Juudit Ottelin, Jaana Sorvari, Björn Marteinsson, Jukka Heinonen, and Seppo Junnila. "Embodied Emissions of Buildings – A Forgotten Factor in Green Building Certificates".
Energy and Buildings.
(June 15, 2021).
As a points-based green certification, LEED assigns 110 points – the highest level, platinum (80 + points), accredits only 3 out of a total of 110 points directly to embodied emissions. In BREEAM, 12 points (8%) are directly related to material selection, of which 5 points (3%) are based on life cycle assessment (LCA). Studies using LCA to evaluate environmental impacts mainly consider operational emissions generated during the operation phase. Initial (pre-use) embodied emissions are seldom the focus. The number of points allocated to embodied emissions is disproportionately low in both the LEED and BREEAM building environmental (green) certification systems.
Posted on 06/11/21
- Fairs, Marcus. "BREEAM and LEED Green Certification Schemes Are ‘Meaningless’ Says Andrew Waugh".
(July 28, 2021).
Environmental certification schemes such as BREEAM and LEED focus largely on operational emissions rather than CO₂ from the construction supply chain. However, embodied carbon emissions comprise around half of all emissions from buildings. The certification systems focus chiefly on operational carbon. Where 3% of the points are based on life cycle analysis (LCA) for the BREEAM green building certificate, only 3 out of a total of 110 available points (2.7%) are directly accredited to embodied emissions in the LEED framework. Ignoring embodied carbon encourages architects to add unnecessary systems and devices to achieve high ratings and to prop up the existing "misguided" systems.
Posted on 06/11/21
"Circular Economy Principles for Buildings Design". February 21, 2020.
This set of circular economy principles focuses on sustainable building design. It stressed resource efficiency in construction in order to prevent and reduce construction and demolition waste and facilitate re-use and recycling of building materials and products. The document informs the key participants in the building value chain about sustainable building design: (1) building users, facility managers and owners; (2) design teams; (3) builders and contractors; (4) product manufacturers; (5) deconstruction and demolition teams; (6) investors, developers and insurance providers; and (7) governments, regulators and local authorities. It builds on the voluntary Common European Framework of Sustainability Indicators – Level(s).
Posted on 05/11/21
- Perez-Jimenez, Jose Antonio. "Gaseous Emissions from the Combustion of Biomass Pellets".
March 31, 2015.
Biomass is considered a sustainable energy source with significant potentials for replacing fossil fuels and electricity for heating purposes. However, present residential wood combustion can be a significant source of ambient urban air pollutants such as hydrocarbons and particulate matter. The majority of the wood-fired appliances currently used suffer from poorly optimized conditions, resulting in considerable emissions of products from incomplete combustion. For environmental and health impact assessments, regulatory standards and evaluations concerning present and future residential biomass combustion as well as a solid qualitative and quantitative knowledge of the emissions from different sources are of vital importance.
Posted on 31/10/21
- Tollefson, Jeff. "COP26 Climate Summit: A Scientists’ Guide to a Momentous Meeting".
(October 25, 2021).
During COP26 – the 26th UN Climate Change Conference of the Parties – government officials and business leaders will present their latest commitments to cut greenhouse-gas emissions. Scientists will also discuss efforts to track emissions, understand impacts, and advance potential climate solutions. With its tradition of making decisions by consensus among nations rather than majority vote, many question whether the UN climate convention is capable of meeting the challenge. Despite 30 years of climate diplomacy, urgent and aggressive action is needed to halt global warming. In this article, what success looks like and what’s at risk are explained.
Posted on 28/10/21
- Fairs, Marcus. "Architecture “One of the Least Well-Represented Businesses” in Race to Zero".
(June 28, 2021).
Architects and designers are failing to engage with the UN's drive to reduce carbon emissions. None of the 50 largest architects signed up to the UN’s Race to Zero campaign, which is the UN initiative to get companies to commit to achieving net-zero emissions by 2050. Architects and designers are in a unique position and key role to reduce GHG emissions due to the influence they have on the development of buildings. Race to Zero aims to sign up 20% of companies in each sector – the "tipping point" that will cause others to follow. But, architects are generally laggard.
Posted on 19/10/21
- Loibl, Wolfgang, Milena Vuckovic, Ghazal Etminan, Matthias Ratheiser, Simon Tschannett, and Doris Österreicher. "Effects of Densification on Urban Microclimate—A Case Study for the City of Vienna".
(April 17, 2021).
The impacts of climate change are especially tangible in dense urban areas due to the inherent characteristics of urban structure and materiality. As the climate change impacts are intensifying, climate adaptation, mitigation and protecting strategies are becoming even more important. To assess the impacts of climate change and densification on urban climate and potential adaptation strategies, a typical densely populated sample area for the city of Vienna was modeled. This case study analyzed the large-scale densification potential and its potential effects on microclimate, air flow, comfort, and energy demand.
Posted on 15/06/21
- Wijdekop, Femke. "Environmental Defenders and Their Recognition Under International and Regional Law – An Introduction".
December 03, 2019.
This is an introduction to the efforts of environmental defenders to protect and conserve the ecological integrity of the ecosystems of their communities. The fulfillment of the international community’s commitment to the protection of the environment is premised on the empowerment of environmental defenders. Environmental defenders create the enabling conditions for the enjoyment of civil, political, social and economic rights for current and future generations. More broadly, they act to encourage our achievement of a more sustainable, prosperous and equitable future set out in the UN 2030 Agenda for Sustainable Development.
Posted on 15/05/21
Business & Human Rights Resource Centre.
"Turning Up the Heat: Corporate Legal Accountability for Climate Change". 2018.
This briefing demonstrates that communities and advocates are increasingly using the courts to generate change and confront companies on their responsibility for climate harm. It argues that strategic litigation encourages corporate accountability for climate change and broader corporate accountability movements when governments have repeatedly failed to take steps to adequately combat climate change. It suggests that climate lawsuits against companies are the result of increased collaboration between concerned individuals, cities, human rights and climate advocates, scientists and expert litigators, who have combined their respective expertise and strategies for corporate accountability.
Posted on 15/05/21
Center for Constitutional Rights.
"Creative Legal Strategies". July 14, 2015.
The Center for Constitutional Rights (CCR) discusses the creative use of law as a positive force for social change and developing a distinctive set of tools and strategies. It suggests employing justice-enabling constitutional principles, applying underutilized rules and rulings, using litigation to move actors out of court, revealing stories of individuals and communities impacted by injustice, understanding the interplay between international law, and fostering solidarity with impacted communities. It argues that social justice work is often about challenging power propagated through unjust laws or appealing to higher, aspirational norms.
Posted on 15/05/21
- Herrera, Veronica; Mayka, Lindsay. "How Do Legal Strategies Advance Social Accountability? Evaluating Mechanisms in Colombia".
Journal of Development Studies.
(November 22, 2021).
This theory-building paper argues that there are four mechanisms by which legal strategies can enhance accountability. The courts can help those affected by policy failures to overcome the collective action problem. The courts can provide civil society with access to information about rights violations, malfeasance, and poor policy performance. Legal strategies can set in motion court-backed reforms that redress immediate rights violations and strengthen state capacity for more accountable governance. Court recognition can increase the symbolic and discursive resources of claimants, making their demands for accountability more effective.
Posted on 15/05/21
- Farand, Chloé; Gerretsen, Isabelle. "Joe Biden Wins the White House, in Pivotal Moment for Global Climate Action".
Climate Home News.
(November 07, 2020).
US president-elect Joe Biden has promised to reenter the Paris Agreement, ending the US opposition to the UN SDGs under Donald Trump’s presidency. Elected on an ambitious climate platform, Biden promised a $2tn clean energy revolution. He will govern with Kamala Harris as vice president, who as former attorney general of California has a track record of suing for "environmental justice". World leaders are expected to reveal their pledges at a UN online summit on 12 December, the fifth anniversary of the Paris Agreement – leaving the US to play catch-up.
Posted on 24/03/21
- Autin, Gregory. "Global SDG/ESG Rankings – USA".
October 30, 2020.
The 2030 Agenda for Sustainable Development establishes 17 goals adopted by UN member states as the action plan to achieve sustainable development. Each country must establish its action plan on implementing the UN SDGs and the integration of sustainable development in policymaking at the national level. Environmental, social and governance (ESG) metrics enable enterprises and undertakings to achieve sustainable development goals. Various SDG and ESG indexes measure social, environmental and economic factors that have an impact on a country's sustainable development and indicate the country's compliance with UN SDGs.
Posted on 24/03/21
- Travers, Jennifer. "European Commission Launches Consultation to Regulate Green Claims in Marketing and Combat ‘Greenwashing’".
EHS Law Insights.
(September 28, 2020).
Companies making "green claims" should substantiate these against a standard methodology, to assess their impact on society and the environment. The European Commission has launched consultation to regulate green claims in marketing and combat "greenwashing" and is targeting the opinion of the general public and key stakeholders. The consultation is assessing the reliability and scope of current labels/initiatives and reviewing the current greenwashing practices that mislead market actors and reduce sutainable development incentive. The EU is now calling on interested parties to participate in an online questionnaire (https://bit.ly/3cZvEZq) till 3 December 2020.
Posted on 24/03/21
- Federal Ministry for Climate Action, Environment, Energy, Mobility, Innovation and Technology (BMK). "Greenwashing Survey on World Ecolabel Day".
The Austrian Ecolabel.
(September 28, 2020).
Independent, state-run ecolabels are characterized by transparent criteria and sound third-party verification, as opposed to greenwashing. "Greenwashing" is a collective term for PR strategies of companies to give themselves or their products and services a green, environmentally friendly, sustainable image. It is misleading and consumer-deceptive. National ecolabels mark products that are more environmentally friendly than comparable products on the market. Independent, state-run national ecolabels guarantee the verification by independent, external auditors. The criteria for awarding them are transparent and publicly available to guarantee traceability.
Posted on 24/03/21
- Deshmukh, Sumedha. "3 Ways Blockchain Can Accelerate Sustainable Development".
World Economic Forum.
(September 27, 2020).
Blockchain technology recasts conventional approaches to sustainable development and accelerates SDG progress – if deployed responsibly. The three areas where blockchain could be an SDG game changer are (1) building resilient and transparent supply chains; (2) creating stronger and more accountable public institutions; and (3) encouraging responsible sourcing and consumption. Blockchain technology is recognized to be a key enabler and potential accelerator of the SDGs. However, it is important that best practice conversations and sound governance policies ensure that the technology meaningfully contributes to sustainable development aims.
Posted on 24/03/21
- Kippenberg, Juliane. "German Economics Ministry Blocks Effective Supply Chains Law".
Human Rights Watch.
(August 27, 2020).
Nestle, Tchibo and other global firms explicitly support a German law requiring environmental and social safeguards along the entire supply chain. Despite a broad alliance of more than 100 companies, civil society organizations and unions as well as the support of the German Labor and Development ministries, the Federal Ministry for Economic Affairs and Energy blocked the proposed Supply Chain Act. The law would require companies to assess, mitigate, prevent and address environmental and human rights risks along their supply chains, in accordance with the guidelines of the United Nations.
Posted on 24/03/21
- Gandhi, Ambika; Gaudet, Peter. "Canada: Sustainability in Hotels – from Expense to Profit".
Industry Report - March 2020.
Hotel companies, developers and operators are implimenting short- and long-term sustainability solutions and practices while increasing profitability. Long-term sustainability decisions are being made to combat climate change that lead to a significant cost saving over the longer term. Hotels designed in accordance with sustainability principles should run at optimal efficiency, reducing operational cost between 20% to 50%. Sustainability practices also increase guest satisfaction and loyalty as well as employee retention. Green development initiatives and certified real estate development increase both top line revenue and the bottom line.
Posted on 24/03/21
- Friedman, Lisa. "With the Biden-Harris Ticket, Environmental Justice Is a Focus".
The New York Times.
(August 12, 2020).
Kamala Harris is a proven fighter for sustainability and an advocate for environmental justice, prioritizing sustainability strategies for the US. The Biden-Harris ticket for the US presidential election is focusing on the impact of climate change and ensuring communities already burdened by pollution benefit from a transition to clean energy. Her selection has won praise from several mainstream US environmental groups and environmental advocates. In July Joe Biden issued a $2 trillion climate plan titled the “Plan to Secure Environmental Justice and Equitable Opportunity in a Clean Energy Future”.
Posted on 24/03/21
"EU’s Response to Coronavirus Could Set It Up for Long-Term Success, says GlobalData". (April 03, 2020).
For long-term economic recovery and strength, integration of green transition and digital transformation into Europe’s economic recovery could be crucial. The COVID-19 stimulus packages will likely require compliance with sustainability goals. This condition could provide the Europe with an advantage over other economic regions, where the speed of recovery is more important than sustainability. The EU's continued commitment to green principles could prove critical for the recovery of the renewables industry worldwide. It would also help to decrease the EU's dependence on fossil fuels and encourage sustainable growth.
Posted on 24/03/21
- Legrand, Willy; Altenrath, Franziska. "COVID-19: A Stress Test for Sustainable Development in Hospitality?".
(April 02, 2020).
The ways the hospitality industry deals with the COVID-19 crisis provides insight into the crisis management endeavors in building a business case for disaster and climate resiliency. The Sustainability in Hospitality Panel is supported by experts across many fields. The panel's goal is to have sustainability anchored more than ever in hospitality decision-making. Hotel sustainability programs, change in risk assessment and management facing the climate crisis, and the key lessons from the coronavirus crisis on how to deal with the climate emergency are discussed.
Posted on 24/03/21
- Simons, Jan Hein. "COVID-19: A Stress Test for Sustainable Development in Hospitality? – Hospitality Net World Panel".
(April 02, 2020).
What does Maslow's hierarchy of needs have to do with sustainability, a circular economy and COVID-19, asks Jan Hein Simmons. Everything! He argues we are ignoring the fact that we live in a closed system as long as we focus on linear economic growth for shareholders – at the exclusion of many stakeholders. He reminds us that we are irrationally exploiting and destroying limited resources and that we must change our approach to life and rationally use them in order to become truly sustainable and satisfy our hierarchy of needs
Posted on 24/03/21
Loan Market Association, Asia Pacific Loan Market Association, Loan Syndications & Trading Association.
"Green Loan Principles". May 01, 2021.
Green loan principles (GLP) facilitate and support environmentally sustainable economic activity through use of green loan products. Green loans are any type of loan instrument made available exclusively to finance or refinance in whole or in part new and/or existing eligible "green projects". Financial institutions active in the global syndicated loan markets have developed the green loan principles with the aim of establishing a high-level framework of market standards and guidelines that provide consistent methodology for use across the global green loan market.
Posted on 24/03/21
Drees & Sommer.
"Drees & Sommer Flash Survey: Hotels Becoming Smarter and Greener". (June 08, 2020).
Sustainability and digital processes are the future for 74% of the responding surveyed hotel investors, owners, leaseholders and developers. While owners of hotel properties are struggling with loss of rent, defaults and the risk that the hotel asset class will be downgraded, going forward investors, owners and operators intend to counter this with more sustainability and digital processes. Hotel properties developed on sustainable principles are more cost-effective in operation and boost efficiency. The combination of sustainability and digital technologies are expected to increase the value of hotel properties.
Posted on 24/03/21
- CBRE Research. "EMEA Real Estate Market Outlook 2020".
EMEA Market Outlook.
The report takes a comprehensive look at the prospects for the EMEA real estate market in 2020. It provides a cautious economic and political outlook in the region amidst weakening global trading conditions, the capital markets in light of the accommodative policies of central banks that reinforce expectation of continued lower interest rates as well as the growing importance of sustainability for the real estate sector in the region and the adoption of ESG policies. The prospects for each of the main real estate sectors are also reviewed.
Posted on 24/03/21
- Casado Salguero, Gisela; Fernández Gámez, Manuel; Aldeanueva Fernández, Ignacio; Ruíz Palomo, Daniel. "Competitive Intelligence and Sustainable Competitive Advantage in the Hotel Industry".
(March 15, 2019).
Competitive intelligence (CI) is gaining signiﬁcance as a process that enables companies to achieve sustainable competitive advantage. For this study, a path model was developed to empirically investigate the relationship between CI use in hospitality and the hotel industry and its background environmental and organizational characteristics, which affect CI effort and CI use. This study explores the current state of CI in the Spanish hotel industry and provides theoretical and practical implications to help managers develop sustainable competitive advantages through the potential that CI offers.
Posted on 24/03/21
- Stuckey, David. "Binder Groesswang Advises Verbund on Placement of World’s First Syndicated Loan Rated According to Sustainability Criteria".
CEE Legal Matters.
(December 18, 2018).
Verbund AG issued the world's first Environmental Social Governance-linked syndicated loan. Its interest rate is not determined by reference to the financial rating but by reference to a sustainability rating established and assigned by the ESG rating agency Sustainalytics. If Verbund AG's sustainability rating decreases during the term of the loan, the cost of the loan will rise. However, if there is an improvement in Verbund AG’s sustainability rating, the costs will decrease.
Posted on 24/03/21
- Saura, Jose R.; Reyes-Menendez, Ana; Alvarez-Alonso, Cesar. "Do Online Comments Affect Environmental Management? Identifying Factors Related to Environmental Management and Sustainability of Hotels".
(August 24, 2018).
This study identifies the key factors in the environmental management and sustainability of hotels, as perceived by travelers. It is based on a sample of the 25 best hotels in Switzerland from a TripAdvisor ranking in 2018 that draws from more than 500,000 reviews. The results highlight the key factors related to environmental management. It is suggested that its findings can be meaningfully used by hotel managers to improve their services and enhance the value provided by their environmental management and the sustainability of their hotels.
Posted on 24/03/21
- Autin, Gregory. "What Are the CRE Credit and ESG Considerations?".
(December 18, 2020).
ESG risk is the possibility of suffering a negative impact on a company arising from environmental, social and governance (ESG) factors. Sustainability risk (SR) is an ESG event or condition that could have a negative impact on the value of a financial product. Besides the risk of greenwashing, there are several challenges to the wide use of green loans and bonds for company financing. The obstacles include the lack of harmonized global standards, perceived higher costs, the lack of product supply, and infancy of the market.
Posted on 24/03/21
- Autin, Gregory. "Why Is Feasibility Analysis Important?".
(November 12, 2020).
The highest return on the investment (ROI) can be realized when the issues of the various stakeholders are considered for their feasibility assessment throughout the project's whole life cycle. The financial feasibility study (FFS) determines if or confirms that a development project is potentially profitable and should include a cost-benefit analysis of the project to cover its entire economic life, as most costs are incurred post-construction from operation of the facilities. Developers adopt sustainability strategies to identify opportunities to benefit from improved environmental, social and economic (ESG) performance.
Posted on 24/03/21
- Serafeim, George. "Social-Impact Efforts That Create Real Value".
Harvard Business Review.
(September 01, 2020).
To win over investors, companies must pay more attention to ESG concerns and integrate ESG practices into business strategy and operations. Companies must do more than issue sustainability reports and engage in other standard ESG practices. To build long-term profitability, a compelling corporate purpose should underpin their efforts. A research-based framework called SCORE is recommended to guide boards’ actions. Institutional investors are taking increasing interest in companies’ records on environmental sustainability, social responsibility, and governance. To identify companies with an ESG performance rating, Sustainalytics is used.
Posted on 24/03/21
"Sustainability in Real Asset Investment". (September 08, 2020).
The Brickvest flash survey asks whether investors would like to see more real asset investment opportunities with stronger ESG credentials. It encourages investors to express their concern about the amount of real asset opportunities that do not meet our ESG requirements. Alternatively, you can voice your opinion that the opportunities currently available for investment generally meet your ESG requirements. Brickinvest believes that building and infrastructure projects that acknowledge and minimize their impact on the environment are likely to be rewarded by investors in the coming years.
Posted on 24/03/21
- Autin, Gregory. "What is ESG-Compliant Development?".
(October 30, 2020).
Developers are adopting strategies to identify opportunities to benefit from improved environmental, social and economic (ESG) performance. The financing of sustainable development projects can be achieved through such financing circularity as green bonds, green loans, sustainability-linked loans and circular leasing. Besides impacting social and operational performance, ESG performance has a significant impact on the cost of capital and is correlated with low volatility and stability in return on capital employed. ESG considerations are also becoming key factors in the decision-making and portfolio management of investors.
Posted on 24/03/21
- Raes, Jan; Aliyorbek Muminov, Ali. "Financing Circularity: Demystifying Finance for Circular Economies".
Financing Circularity: Demystifying Finance for Circular Economies.
Sustainable finance calls for innovative business models and sustainable financial instruments to integrate circularity in development projects. Financing can be structured to accelerate the shift away from a take-make-waste model of resource use to a circular economy. By integrating ESG and embedding circularity into financing, the 9-R behaviors of reduce, reuse, recycle, recover, redesign, remanufacture, refurbish, repair and refuse are encouraged in development projects. Circular economy strategies can be achieved through the use of such financial instruments as green bonds, green loans, sustainability-linked loans and circular leasing.
Posted on 24/03/21
- ESG Group Strategy & Sustainable Finance. "Sustainability".
SIGNA Real Estate has adopted the ESG principles of sustainable development and is committed to responsible corporate management. As one of Europe’s major real estate investors, SIGNA takes economic, environmental and social aspects systematically into account in business decisions and the value-creation processes. The company’s sustainability strategy focuses on promoting sustainable construction methods and buildings. Sustainable success in dealing with new strategic challenges and opportunities is ensured through a fair and cooperative relationship with stakeholders. SIGNA Real Estate views economic success, integrity and social responsibility as equal goals.
Posted on 24/03/21
Publishings on SDG Actionadmin2022-08-23T07:18:52+00:00