19 March 2019 |
International Environment House II
Governments, investors and citizens continue to debate the added value of sustainable infrastructure. Some of the core questions they consider are the following:
- Does sustainable infrastructure systematically bring more value-for-money than business-as-usual alternatives?
- How can risks be reduced across an infrastructure project’s life cycle by incorporating environmental, social and governance (ESG) considerations? How can we calculate the costs of these risks?
IISD and the MAVA Foundation built the Sustainable Asset Valuation (SAVi) to respond to these questions. SAVi calculates the costs of environmental, social, economic and governance risks. SAVi also places a dollar value on externalities that arise as a direct consequence of infrastructure development. SAVi is therefore able to show why sustainable infrastructure can deliver better value-for-money for citizens and investors alike.
An event took place at International Environment House II on 19 March 2019, to debate SAVi’s early track record.
The meeting was organised by UN Environment, the International Institute for Sustainable Development (IISD), the MAVA Foundation, Sustainable Finance Geneva, and the Green Growth Knowledge Platform (GGKP). The event is being held within the framework of the Geneva Environment Network.
The new SAVi website is available at: https://savi.iisd.org
SAVi is an assessment methodology that helps governments and investors steer capital towards sustainable infrastructure.
SAVi's features are:
A. Simulation: SAVi combines the outputs of system dynamics simulation with project finance modelling.
SAVi is customized to individual investment projects and portfolios.
Examples of Risks
SAVi assessments are underway in Senegal, Germany, Sri Lanka, Canada, Morocco, Ghana, India, Malawi, Georgia and Tanzania.
10:00 Opening Statements - Launch of the SAVi website savi.iisd.org
Nathalie Bernasconi, Group Director Economic Law and Policy, IISD
Fulai Sheng, Head, Economic & Fiscal Policy Unit, Resources & Markets Branch, UN Environment
10:15 Introducing SAVi - Results from the SAVi track record
Andrea M. Bassi, Senior Associate, IISD
David Uzsoki, Senior Advisor, Infrastructure Finance and Green Finance, IISD
11:00 Comments by SAVi users
Arjan Hijdra, Ministry of Infrastructure and Water Management, The Netherlands
12:00 Experience - SAVi in action. Interactive exercise
12:50 Closing Remarks
John Maughan, Research Programme Manager, Green Growth Knowledge Platform (GGKP)
Qendresa Rugova, Sustainable Finance Geneva
Read GGKP article on the event: Savvy and Smart: SAVi Makes the Case for Sustainable Infrastructure
This event is part of a series organized by UN Environment Sustainable Infrastructure Partnership team, with the support of the Geneva Environment Network:
Other useful links:
As a contribution to the G20 DWG and in collaboration with ILO, UNDP, UNECE, UNIDO, UNITAR and UNOPS, UN Environment's Sustainable Infrastructure Partnership has recently issued an interagency statement on integrated approaches to the development of sustainable and resilient infrastructure for the delivery of the 2030 Agenda.