Sustainability & Resilience SIG
The Sustainability and Resilience in Asset Management (SRiAM) Special Interest Group’s purpose is to clarify, promote and integrate sustainability and resilience as essential considerations in the context of Asset Management.
The SRiAM aims to bring together professionals to share knowledge, industry best practices, experience and case studies to support learning and sharing knowledge amongst AMC members. Our ambition is to develop practical solutions, frameworks and tools to support asset management practices and industries across Australia and New Zealand to enhance resilience to climate change and strive to ensure a sustainable future for generations to come.
Objectives:
- Promote the role of Asset Management as a key enabler for a sustainable future.
- Provide a platform to connect like-minded professionals and exchange knowledge, insights and foresights of current and future trends emerging through Sustainability and Resilience Industry Best practices in Asset Management.
- Influence industries and drive multi stakeholder cooperation and business engagement to ultimately accelerate the transition towards a sustainable and resilient planet.
- Develop and provide Members with tools to assess, evaluate and develop sustainable and resilient interventions and investments through managed risk.
- Develop a forum and knowledge library accessible to members, industry sectors and academia to share and disseminate asset-related information, knowledge and case studies
- Engage and collaborate with AMC members through planned, structured and themed events and networking opportunities to inspir and influence all sectors to transition towards and systematically implement asset management models and practices focused on delivering enhanced sustainable and resilient outcomes.
About us – Committee Members Roles
Our committee members represent a diverse cross-section of organisations and roles in the asset management world as asset owners, asset custodians, asset managers, consultants and, investors. We share a unified passion and interest in sustainability, climate change and resilience. We believe the SRiAM will meaningfully contribute to the wider profession, communities and our planet by ensuring a “total value” approach which embraces climate change risks to ensure a resilient and sustainable future.
Get in Touch:
sustainability@amcouncil.com.au
Call for Expressions of Interest to join new Working Groups –
Working Group 1: ‘Asset management decision-making through a sustainability lens’
Realising value for stakeholders requires optimal risk-based decision-making, which balances performance, cost and risk. It is a critical element of effective asset management and guidance is already available on this. Asset management decision-making through a sustainability lens will require the adoption of additional tools and approaches. Comprehensive guidance on how to apply a sustainability lens in asset management decision making is not available. The working group will research current and emerging asset management decision-making methods to address sustainability and develop a guide that will communicate a range of approaches that could be considered in the decision-making process to drive sustainability in asset management.
Expression of Interest Deadline: 5 PM AWST, Wednesday, 13th December 2023 – Closed
The Special Interest Group is currently reviewing applications and will be in touch early January 2024 with all interested parties.
Working Group 2: ‘Asset management decision-making through a sustainability lens’
This group will delve into leading practices for assessing climate-related hazard impacts, considering both direct and indirect consequences. The focus will be on fostering a broader, systems-thinking approach, recognizing the intricate web of interdependencies in our modern world. From supply chain vulnerabilities to long-term environmental effects, this group will explore the multifaceted nature of climate risks.
Expression of Interest Deadline: 5 PM AWST, Wednesday, 20th December 2023 – Closed
The Special Interest Group is currently reviewing applications and will be in touch early January 2024 with all interested parties.
Committee Member : Ankur Maheshwari
Sustainability & Resilience News
Seeking feedback on white paper – Embedding Sustainability Principles in AM
The AM Council SRiAM Special Interest Group has developed a white paper on Embedding Sustainability Principles in Asset Management – Key Considerations and is now seeking feedback on the paper. Download the white paper here.First round of Feedback is open until 30...
From the Chair – Building Capacity for Resilience
“Recent relentless weather events along the east coast of Australia reinforce that we must be preparing our assets to be resilient, sustainable and capable of continuing to deliver value and outcomes into the future.” Toby Horstead - Chair, Asset Management Council....
Engineer Australia’s Report from COP27
Engineers Australia attended COP27. Download a summary report on EA's engagement effort at COP27 and outcomes by Mark Bonner, EA's Head of Climate Change here.
7 Global Megatrends to note for Asset Management
CSIRO published a report “Our Future World “ in July 2022 https://www.csiro.au/en/research/technology-space/data/our-future-world that outlines the following 7 global megatrends: adapting to climate change as disasters and unprecedented weather events escalate an...
Principles for Resilient Infrastructure Event
For our Sustainability and Resilience in Asset Management special interest group and the Asset Management Council membership more broadly, you may be interested in an upcoming event hosted by UCL, ICE OECD & CDRI on Principles for Resilient Infrastructure - a...
New Zealand Draft National Adaptation Plan
New Zealand has released a Draft National Adaptation Plan dated 27 April 2022 in an effort to build climate resilience by driving significant, long-term shift in policy and institutional frameworks. The plan sets out a proposed future work programme, indicating...
Decarbonisation Pathways for the Australian Cement and Concrete Sector
The Asset Management Council is a partner with research unit Smartcrete CRC. A project funded through the Smartcrete CRC “Decarbonisation Pathways for the Australian Cement and Concrete Sector” cumulated in a report released in February 2022. Details about the...
Addressing Physical Climate Risks in Infrastructure Investment
In a recently published report from the Coalition for Climate Resilient Investment (CCRI), the paper focuses on the need to incorporate physical climate risks in infrastructure design and investment decision-making. It presents how the CCRI is addressing the ‘climate...
Not enough infrastructure spend going in to adaptation and resilience
The initiative of the GI Hub is tracking the amount of infrastructure as a stimulus announced by G20 governments and presents ongoing analyses and data insights to help governments, investors, multilateral development banks, and project directors achieve...
AM Council Acknowledged for input to Waste Reduction and Environmental Management of e-waste
The AMCouncil recently participated in a round-table discussion and an exclusive interview with Department of Agriculture, Water and the Environment officials regarding transformation of e-waste into e-resource. Assistant Minister for Waste Reduction and Environmental...