GIB2015_Solid Standards and Ratings_Georgoulias

This presentation was held during the 5th GIB

Summit, May 27-28 2015. The presentation and

more information on the Global Infrastructure Basel Foundation are available

on www.gib-foundation.org

The next GIB Summit will take place in Basel, May 24-25, 2016.

 The information and views set out in this presenation are those of the author(s) and do not necessarily reflect the opinion of the Global Infrastructure Basel Foundation. Neither the Global Infrastructure Basel Foundation nor any person acting on its behalf may be held responsible for the use of the information contained therein.  

Solid Standards for Financiers and Designers

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May 28, 2015

Prof. Andreas Georgoulias, Harvard University

Solid Standards and Ratings for

Project Financers and Designers

Dr. Andreas Georgoulias Harvard University

Solid Standards for Financiers and Designers

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Prof. Andreas Georgoulias, Harvard University

v  How do you monitor, report and verify sustainability?

v  How do you evaluate a project's capacity to adjust to a changing context?

v  How do you implement a continuous approach?

v  One answer, our answer, is…

Solid Standards and Ratings for Project Financers and Designers

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Prof. Andreas Georgoulias, Harvard University

Zofnass   program   for  Sustainable  Infrastructure    

Our  mission:      Develop  and  promote  methods,  processes,  and  tools  for  sustainable  infrastructure.      Our  goal:    Expand  the  body  of  knowledge  for  sustainable  infrastructure,  promote  best  prac>ces  and  facilitate  the  adop>on  of  solu>ons  for  infrastructure  projects  and  systems,    

Education Collaboration

The   Zofnass   program   is   supported   by   a   unique   alliance   with   the  Industry.   The   Sustainable   Industry   Advisory   Board   is   comprised   of  senior  execuAves  from  leading  global  firms.      

Envision™ was developed in joint collaboration between the Zofnass Program for Sustainable Infrastructure at the Harvard University Graduate School of Design and the Institute for Sustainable Infrastructure.

The Institute for Sustainable Infrastructure is a not-for-profit education and research organization founded by the American Public Works Association, the American Council of Engineering Companies and the American Society of Civil Engineers.

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ENVISION TOOLS ENVISION •  An in-depth planning guide and rating system

•  Includes a manual and online scoring system •  No cost to use for planning or self-assessment •  ISI offers an optional independent, third-party

verification necessary for awards

•  A no-cost, simple, project self-assessment •  An educational tool •  Familiarizes users with sustainability

•  A comprehensive cost-benefit framework •  Informs investment decisions on infrastructure •  Completely modeled after Envision •  Online educational version free to use

ENVISION CHECKLIST

ZOFNASS ECONOMIC TOOL

60 CREDITS IN 5 CATEGORIES

RESTO

RATIVE

CO

NSER

VING

SUPER

IOR

ENH

AN

CED

IMPR

OVED

QUALITY OF LIFE 13 CREDITS

LEADERSHIP 10 CREDITS

RESOURCE ALLOCATION 14 CREDITS

NATURAL WORLD 15 CREDITS

CLIMATE AND RISK 8 CREDITS

5 LEVELS OF ACHIEVEMENT

CONVENTIONAL  DESIGN  

ENVISION AWARDS

VERIFICATION •  Independent third-party review •  Optional with associated fee •  Easy to use online process •  Projects must meet a minimum percentage of

points to be eligible •  An ENV SP must submit the project application

Types of projects using Envision -  Airports -  Seaports -  Roads -  Power plants -  Wind -  Pipelines

US agencies using Envision: -  Port of Long Beach -  NYC Dept. of Environmental Protection -  CA Dept. of Water Resources -  Los Angeles County DPW -  MassDOT, DelDOT, KCMO, Edina (MN)

-  Water and Sanitation

-  Rail -  Stormwater LID -  Hydro -  Transmission

ENVISION USAGE

UNITED STATES

INTERNATIONAL Projects appliyng Envision exist in: US, Canada, Mexico, Brazil, Chile, Colombia, UK, Italy, Greece, Saudi Arabia, Pakistan, China

❑  Two years of running the

awards

❑  93 project applications

❑  26 projects assessed

❑  18 countries represented

❑  $64 billion of infrastructure

assets

❑  3 new credits integrated in the

evaluation methodology

❑  44 energy projects

❑  20 transportation projects

❑  6 water projects

❑  1 (large-scale) iron ore mine

❑ Other typologies

Mission: disseminate a better understanding, theoretical and practical on how to assess sustainability in infrastructure projects, from design through operations.

Infrastructure 360 Awards

Infrastructure by Typology:

INFRASTRUCTURE  360  AWARDS    26  PROJECT  ASSESSMENTS  

Diana  Espinosa    President,  Colombian  Society  

of  Engineers  

Julio  Héctor  Estrada    Ex.  Director,  Nat.  Agency  for  the  Development  of  Economic  Infrastructure  of  Guatemala  

TaAana  Bilbao  Founder,  

Ta>ana  Bilbao  S.C,  Mexico    

Dr.  Helcio  Tokeshi  Managing  Director,  GP  Investments  

Julia  Prescot  Chief  Strategy  Officer,  

Meridiam  

Richard  Lapper  Director,  LatAm  Confiden>al  

at  the  Financial  Times  

Richard  Frank  President  and  CEO  Darby  Overseas  Investments  

Marcos  Siqueira  Exec.  Manager,  PPP  Unit    Minas  Gerais,  Brazil  

Simon  Smithson  Partner,  La>n  America  

Rogers  S>rk  Harbour  +  Partners  

Mark  Tercek  President  and  CEO,  

The  Nature  Conservancy  

Jerry  Touval  La>n  America  Program  on  Smart  Infrastructure,  

The  Nature  Conservancy  

Alberto  Alemán  CEO,  ABCO  Global  Inc  

Panama  

Marcela  Huertas  President  

GIP-­‐  Colombia  Pacific  Region  

Marty  Janowitz  Vice  President,  Sustainable  

Development  Stantec  

Rajendra  Pachauri  Chair,    UN  Intergovernmental  Panel  on  Climate  Change  

Internationally recognized jurors_  2014/2015  

INF 360 Awards _ Data Analysis

Project  data  analyAcs  on  sustainability  performance.    Breakdown  by:    

❖  Country

❖  Size

❖  Type

-Energy

-Water

-Transportation

INF360 Awards_ Project Analysis 2014

INF360 Awards_ Data Analysis 2015

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Pre-Assessment Checklist Recognition

Assessment

Phase Toolkits

Companion Tools

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A case study: one need, three alternatives

•  Alternative I: business-as-usual, capex X

•  Alternative II: capex 1.8X, lower opex

•  Alternative III: capex 1.6X, lower opex

Which one to chose??

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Step 1: apply Envision

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Step 2: apply the Zofnass Economic Tool

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Step 3: Quantify impacts

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Step 3: Quantify impacts

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Step 3: Quantify impacts

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Step 3: Quantify impacts

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Step 4: Examine the Life-Cycle of Impacts

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Step 5: Compare and decide

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Thank you

Dr. Andreas Georgoulias Harvard University