Large infrastructure projects have substantial impacts on the society as they shape social, economic and environmental conditions. Making these infrastructure investments sustainable will bring major benefits to the society as a whole, in line with UN Sustainable Development Goals (SDGs) and the COP commitments. Sustainability standards will be implemented if the right incentive schemes are in place, by translating sustainability into a proven business case for investors and companies.
This event discussed innovative tools to foster sustainable infrastructure investments in Asia, focusing on the business case of sustainability. Some of the tools and solutions discussed were:
- Green Infrastructure Investments within the G20: The OECD is leading a G20 task force dealing with green infrastructure investments. They provide an update on their latest tools and instruments and their plan for 2017 under the German G20 presidency.
- Sustainability business case: Mott MacDonald, one of the world largest infrastructure consultancies will provide insights on how to reduce total lifecycle costs of infrastructure projects with reduced carbon emissions (i.e. saving costs through sustainable behaviour).
- Global Sustainability Standard for Investors and Business: Global Infrastructure Basel (GIB) developed a standard that decreases project risks, based among others on an innovative sustainability credit rating tool for infrastructure projects.
- Sustainable Finance Instruments: Emergent Ventures will present their case on green infrastructure bonds in India.
The event attracted 30 Asian and 40 European senior experts, including regulators, financial institutions and think tanks to apply innovative tools to the Indian context.