Group items tagged

“We cannot apply the same approach for both.”

As UTC’s Sisson put it, “When we see cities stepping up and making policies and strategies in support of energy efficiency, that is a clear signal to us.” He also pointed out that city visions can vary dramatically, so it’s important to understand their objectives.

To date, however, the industry has yet todevelop standards to evaluate ESG datathat compare to its traditional evaluation o portolio perormance.

  5 Responsible Property Investment [RPI] is anemerging investment strategy and disciplineconcerned with integrating environmental,social, and governance [ESG] data intoinvestment decision-making

Real estate investment plays a undamentalrole in determining how society usesresources, how the built environmentshapes social lie, how economic activitycan be sustainable over time. As an assetclass, real estate oers especially tangibledemonstrations o the importance o ESGanalysis in creating value or investors andsociety alike. We believe that a robustmetrics system can help shape the marketto better create sustainable outcomes or allstakeholders

The WBCSD's Urban Infrastructure Initiative (UII) brings together a diverse group of companies: ACCIONA, AECOM, AGC, CEMEX, EDF, GDF SUEZ, Honda, Nissan, Philips, Siemens, TNT, Toyota and UTC. The UII Co-chairs are CEMEX, GDF SUEZ, Schneider Electric and Siemens; WBCSD is also actively involved as Co-chair. These companies from sectors including energy, buildings, materials, transport, engineering, water, equipment, and support services are collaborating to help urban authorities develop realistic, practical and cost-effective sustainability action plans. The project draws on the expertise of individual companies who already work with urban planners and engineers to provide services and solutions to sustainability challenges in cities.

For cities, the case for action is compelling: A sustainable city is more competitive and offers its citizens better lives. It uses resources more efficiently, thrives economically, and creates an inclusive community. For companies, the case for action is also compelling:  the urban market offers companies the opportunity to provide systems solutions, products and services in support of sustainable development in cities (buildings, energy, infrastructure, waste collection and recycling, etc.)

Each city faces different challenges. Tailor-made solutions are required, as challenges and opportunities vary from country to country and city to city. Some cities can capitalize on expanding populations. Others need to deal with aging and declining numbers. City governments must therefore find systemic solutions to address the interlinked social and environmental challenges and create the right framework conditions to make them competitive in order to attract investments.

In an article titled "Relevance Achieved" in the fall 2012 issue of Green Money Journal, Amy Domini of Domini Social Investments commends sustainable investors for their successful campaign to pressure corporations into issuing sustainability reports. What was a rare occurrence 30 years ago is now practiced by more than 80 percent of companies, she writes.    As a result, regulators are now more willing to mandate that companies report on issues such as greenhouse gas (GHG) emissions and asset managers are increasingly considering environmental, social, and corporate governance (ESG) factors in their investment analysis. And academics are reporting more and more examples of outperformance by leading sustainable firms.  "As society sees the full cost of traditional business behavior," Domini concluded, "SRI (socially responsible investing) will be embraced as the single most important lever towards building a better world than the planet has ever seen." 

Contrasting the growth capitalism still dominant today with sustainable capitalism, Joe Keefe of Pax World writes, "The sustainable investment community's role is vital because the fundamental struggle is between a long-term perspective that fully integrates ESG factors into economic and investment decisions and our current paradigm which is increasingly organized around short-term trading gains as the primary driver of capital investment and economic growth regardless of consequences/externalities." 

In this new initiative, Ceres and the Tellus Institute will partner on the Global Initiative for Sustainability Ratings (GISR) to seize an urgent opportunity to create a non-commercial, generally accepted sustainability ratings standard that meets the highest standards of technical excellence, independence and transparency.

The last decade has witnessed the rise of sustainability as a defining element of responsible business strategy and performance. In fact, companies like Nike, GE, Unilever, Novo Nordisk, Natura and dozens of others recognize sustainability as integral to their global competitiveness and long-term prosperity.

One need look no further than the BP oil spill, the collapse and taxpayer bailout of the US auto industry, and the Massey Energy mine explosion to understand why financial markets must develop better ways to assess sustainability performance.

Sustainability, on the other hand, is the more widely term used in Europe and is also my more favored term. And it’s not my favorite one simply because I regularly take “mental vacations” and imagine myself nibbling Parisian croissants by the Seine. Rather, sustainability connotes that a company is truly incorporating social and environmental issues into its business model. CSR or CR tends to be a collection of programs that address social and environmental concerns. Sustainability, however, makes these issues a part of the company’s DNA.  And ultimately, that is what my profession is striving toward: making sustainability “business as usual.”

Just like in corporations, setting goals and having a vision proves to be an essential start for cities that want to engage business.

Matthew Lynch, the project lead, said one of the main success factors is the opportunity for direct and open dialogue. “

To integrate sustainability metrics into their real estate investment strategies, institutional investors need to have qualitative and quantitative information on the sustainability performance of direct and indirect property investments. The GRESB Survey is the only sustainability benchmark that captures more than 50 data points to reflect the sustainability performance of an institutional investor’s real estate portfolio. These metrics are divided between seven sub-categories within the environmental and social dimensions, with an additional category added for members with property development activities which is not included in the total GRESB score. The weight of each dimension depends on how it may affect the risk-return profile of the investment portfolio and the individual metrics are scored to represent the relative impact to investors.

Another strong example of the commitment phase of employee engagement is being demonstrated in Cleveland, Ohio, through a community-wide economic development initiative called Sustainable Cleveland 2019 (SC2019).The SC2019 initiative focuses on the strengths of the region and levera

“Why do we do all this?” former Mayor Gavin Newsom said in a 2008 interview. “Because it’s the right thing to do. We’re consistently among the top travel destinations in the world. We think people are attracted to the values of this city.”

“There is no endeavor more noble than the attempt to achieve a collective dream. When a city accepts as a mandate its quality of life; when it respects the people who live in it; when it respects the environment; when it prepares for future generations, the people share the responsibility for that mandate, and this shared cause is the only way to achieve that collective dream.”

“To date, no comparable benchmark has been available. We’ve already received expressions of interest from many large asset owners concerned about their exposure to a rapidly changing sector directly affected by the transition to the low carbon economy.”

The new indexes will be a milestone for real estate investment worldwide and will enable more real estate investors and managers to integrate sustainability factors into their strategies – both as benchmarks and as the basis for investment products.”  Rick Fedrizzi, President, CEO & Founding Chair, USGBC said, “Green building is a win-win, offering both environmental and economic opportunity. Greater building efficiency can meet 85% of future demand for energy in the United States and a commitment to green building has the potential to generate 2.5 million jobs. The sector has seen incredible growth and is projected to add $554 billion to the U.S. economy each year. This partnership creates significant investment opportunities for those ready to participate in this growing market.”

connected to many other movements - like new urbanism, slow city, slow food, and eco-cities.

it is genuine engagement and connectedness with individual community members - to a point where they themselves become place-makers of their own making.

It is about creating a culture of participatory and grassroots democracy where the community has direct ownership of the processes and outcomes. This is a huge difference from our current engagement and planning framework, which does the opposite.