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
The Glasgow Climate Pact
Click here to download a handy 28 page easy to read reference document outlining the main achievements of COP26 under the headings of: Mitigation Adaptation Finance Collaboration
AMCouncil Members at Climate Smart Engineering Conference
The AMCouncil is delighted to see two participants from our Sustainability & Resilience in Asset Management's special interest group's (SRiAM SIG) Climate Risk working group will be speaking at this week's Engineers Australia Climate Smart Engineering Conference....
World Standards Day 14 October 21
The Asset Management Council recognises the importance of international standards to achieving the Sustainable Development Goals (SDGs) today, on World Standards Day. A ‘Shared vision for a better world’. Join our Sustainability & Resilience in Asset Management...
Contribute to the e-waste Taskforce Work Program
The Department of Agriculture, Water and the Environment has developed a e-waste taskforce to make recommendations regarding Australia's e-waste. Click here to download a fact sheet explaining the work program of the taskforce. Improving Australia's end-of-life...
IPCC Climate Change 2021 – The Physical Science Basis – Summary for Policy Makers
The IPCC Climate Change 2021 summary for policy makers report can be accessed here. The full report is large and can be found on the IPCC website: https://www.ipcc.ch/report/ar6/wg1
Climate Risk Management Review – Call for Project Team
The Sustainability and Resilience in Asset Management (SRiAM) special interest group is writing a guidance document to support Asset Managers in assessing Climate Risks aligning to the Asset Management Capability Delivery Model and Asset Management System Model. ...
Sustainability for the Future
Most readers will already know of the Paris Climate Agreement, that states by stopping the increase in global average temperatures by 2⁰C, countries can slow the effects of climate change. It’s a goal that many nations around the world are currently working towards....
Net Zero Emission by 2050 for Jemena
Leading energy and infrastructure company, Jemena has announced its aim to achieve zero net emissions by 2050. Jemena is already working on initiatives such as the Western Sydney Green Gas project which will produce hydrogen for use in residential, storage and...
Transport for NSW – Climate Change and Resilience Strategy
The NSW government strives to deliver transport services and operations that balances economic, environment, and social issues with a focus on sustainability. It is well recognised within the asset management sector that climate change brings stress to transport...