For those local to Melbourne, come along and join the Asset Management Council’s Melbourne Chapter on Wednesday 26 October for an in person technical presentation and networking event on managing climate change and sustainability within the AMAF framework.
Click here to register your attendance
Date: Wednesday, 26 October 2022
Time: 5.30pm (for 6pm start) – 7.30pm
Place: Hotel Grand Chancellor, 131 Lonsdale Street, Melbourne
Cost: Free for AMCouncil members, otherwise $30
Earn: 2 CPD points
Speakers: Jamie Maslen and Rami Affan, Technical Executives, WSP Australia
Summary: The Victorian Government owns and manages over $300 billion worth of assets, of which a significant proportion would be exposed to the impacts of climate change. Physical risks from climate change could impact the ability of assets to support the delivery of government services, cause damage to historical, cultural and heritage assets, and cause health risks to the community.
The AMAF establishes requirements to ensure Victoria’s asset portfolio is managed appropriately and includes 41 mandatory requirements applied to non-current assets, controlled by 280 agencies. Introduced in 2016 and enforced by a Standing Direction under the Financial Management Act 1994 (FMA), the AMAF assists Victorian Public Sector agencies to manage their asset portfolios and provide better services for Victorians.
Consideration of climate change risk and transition is integral to the purpose of the AMAF and the role of public agencies in Victoria. The AMAF requires Accountable Officers to ensure that appropriate risk management strategies are established, and treatment plans implemented to support effective asset management. As climate change poses significant new transition and physical risk to public assets, as well as exacerbating existing risks, it should be incorporated in asset risk management frameworks. The need for Climate change considerations across asset decision making is further reinforced Under Section 20 of the Climate Change Act 2017, where the Victorian Government has a duty to consider climate change in its decision-making processes, where relevant and appropriate.
Treasury Victoria are preparing climate change guidance to support the AMAF. The guidance will assist agencies to consider climate change when implementing the AMAF requirements and recommendations.
The guidance will provide practical and decision-ready information that supports asset managers to:
- Understand and assess the potential impact of climate-related physical and transition risk on government assets
- Leverage climate science information and tools, scenario analysis and key risk indicators to inform risk assessments
- Embed climate change risk management and adaptation strategies across the asset lifecycle, and within asset and facility management plans, to increase the resilience of government assets
- Plan and implement emissions reduction strategies for government assets, including energy efficiency upgrades and renewable energy and fuel migration initiatives
- Reduce embedded emissions through circular economy principles and other initiatives across the asset lifecycle
- Develop business cases and conduct economic/cost-benefit analysis for emissions reduction and adaptation proposals, including estimating emissions reductions, costs savings, payback periods and whole-of life costs, and utilising carbon valuation and real options analysis
- Apply metrics and targets to measure and manage environmental performance and greenhouse gas emissions across the asset lifecycle
About the speakers:
Jamie Maslen, Technical Director, WSP
Jamie is a skilled asset management practitioner with over 25 years’ industry experience. Jamie specialises in leading business transformation projects and programmes of work and developing the key strategic business documentation and processes for the certifiable implementation of ISO 55001, NSW AM Policy and AMAF compliant Asset Management Systems.
Jamie has worked in various Government agencies with diverse property and infrastructure assets over the last 15 years covering Housing, Health, Defence, Power generation and distribution, Environmental, Emergency Services, Arts and Culture, the Justice System and the Department of Finance.
Jamie was a long serving member of the Asset Management Council (AUS) Body of Knowledge thought leadership team, certified asset management assessor (CAMA) in ISO55000 through World Partners in Asset Management and a foundation editorial board member for the Institution of Civil Engineers Asset Management Journal (UK).
Rami Affan, Technical Director, WSP
Rami has over 17 years of experience in asset management in the infrastructure sector. Rami specialises in leading asset management reform, infrastructure strategy and investment portfolio management in the Government sector.
Rami has worked in various Government infrastructure agencies in Australia and the United States of America in developing asset strategies, plans and reform initiatives covering Transport, Social Housing, Health, Emergency Services, Arts and Culture, Justice and Parks.
Rami was the NSW State Government Asset Management lead at INSW who developed the NSW Government Asset Management Policy and reform program to improve the capability for the NSW public sector and performance of the State’s infrastructure sectors. Rami led the development and management the NSW Transport capital investment program for an asset portfolio of over $130 billion including successful investment strategies for the NSW Government.
Rami is a Member of the Asset Management Council (AUS), certified asset management assessor (CAMA) in ISO55000 through World Partners in Asset Management and a has presented thought leadership papers at various infrastructure and asset management industry conferences.