Understanding the business case for infrastructure sustainability

Stapledon, Tony, Shaw, Gavin, Kumar, Arun, & Hood, David (2015) Understanding the business case for infrastructure sustainability. In Lee, Woo Bang, Choi, Byeong-Keun, Ma, Lin, & Mathew, Joseph (Eds.) Lecture Notes in Mechanical Engineering [Proceedings of the 7th World Congress on Engineering Asset Management (WCEAM 2012)], Springer International Publishing, Daejeon City, South Korea, pp. 535-543.

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The relationship between corporate and sustainability performance continues to be controversial and unclear, not withstanding numerous theoretical and empirical studies. Despite this, views on corporate responsibilities “meet where management can show how voluntary social and environmental management contributes to the competitiveness and economic success of the company.” This approach is fundamental to the business case for infrastructure sustainability. It suggests that beyond-compliance activities undertaken by companies are commercially justified if they can be shown to contribute to profitability and shareholder value. Potential public good benefits range across a wide spectrum of economic (for example employment, local purchasing, reduced demand for electricity generation), social (indigenous employment and development, equity of access), and environmental (lower greenhouse gas emission, reduced use of non-renewable resources and potable water, less waste, enhanced biodiversity). Some of these benefits have impacts that lie in more than one of the economic, social, and environmental areas of public goods. Using a sustainability rating schemes and potential business benefits from sustainability initiatives, this paper presents a brief summary of an online survey of industry that identifies how rating scheme themes and business benefits relate. This allows for a case to be built demonstrating which sustainability themes offer particular business benefits.

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ID Code: 83863
Item Type: Conference Paper
Refereed: Yes
Keywords: Infrastructure sustainability, Business case for sustainability, Sustainability initiatives, Economic benefits of sustainability, Sustainability performance framework
DOI: 10.1007/978-3-319-06966-1_48
ISBN: 9783319024615
ISSN: 2195-4356
Subjects: Australian and New Zealand Standard Research Classification > BUILT ENVIRONMENT AND DESIGN (120000)
Divisions: Current > Schools > School of Chemistry, Physics & Mechanical Engineering
Current > Schools > School of Civil Engineering & Built Environment
Current > Schools > School of Electrical Engineering & Computer Science
Current > QUT Faculties and Divisions > Science & Engineering Faculty
Copyright Owner: Copyright 2015 Springer International Publishing Switzerland
Deposited On: 05 May 2015 00:57
Last Modified: 05 May 2015 00:57

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