Smashing myths and delivering value—a repeatable approach to sustainable development
Organisations that develop and operate capital assets, including public and private infrastructure, face an increasingly challenging task. A large range of factors needs to be addressed to develop and operate an asset successfully during its economic life. These factors include changing temperature and climate extremes, heightened social expectations, fast global communications that heighten visibility and transparency, new regulations and pricing regimes, and economic values being placed on what were once intangibles (like biodiversity). Leading organisations recognise this as a challenge to design, deliver and operate smarter, more sustainable and cost effective solutions. What is clear is that many organisations are struggling to achieve this. How to bridge the gap between business policies for sustainable development and practice is the central question. The common perceptions prevail that sustainability is ‘just a green issue’, will ‘delay my project’ and cost more. Yet in practice, the opposite is often true. This paper uses real project examples to demonstrate how integrated, smart design processes can simultaneously de-risk assets, save money and deliver better social and environmental outcomes.