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Renard Siew - Sustainability Analytics Toolkit for Practitioners: Creating Value in the 21st Century

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Renard Siew Sustainability Analytics Toolkit for Practitioners: Creating Value in the 21st Century
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Sustainability Analytics Toolkit for Practitioners: Creating Value in the 21st Century: summary, description and annotation

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This book solicits meaningful contributions from key experts and practitioners that have been dealing with the emerging area of sustainability analytics. In doing so, readers would understand the cost, impact and performance of their sustainability initiatives.

The book covers current analytical tools (eg: frameworks, standards, ESG indexes) to measure sustainability, and how these tools embed the Sustainable Development Goals (SDGs). In addition to that, a part of the book is also dedicated to the application of sustainability analytics, highlighting key challenges as well as the importance of engagement and communication in shaping the future direction of sustainability assessments.

This book will be extremely useful to both researchers and practitioners who are looking for best--in-class practices to create value from their sustainability initiatives.

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Book cover of Sustainability Analytics Toolkit for Practitioners Renard - photo 1
Book cover of Sustainability Analytics Toolkit for Practitioners
Renard Siew
Sustainability Analytics Toolkit for Practitioners
Creating Value in the 21st Century
The Palgrave Macmillan logo Renard Siew CENT-GPS Kuala Lumpur Malaysia - photo 2

The Palgrave Macmillan logo.

Renard Siew
CENT-GPS, Kuala Lumpur, Malaysia
ISBN 978-981-19-8236-1 e-ISBN 978-981-19-8237-8
https://doi.org/10.1007/978-981-19-8237-8
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2023
This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed.
The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use.
The publisher, the authors, and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, expressed or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Cover credit: Nirian/Gettyimages

This Palgrave Macmillan imprint is published by the registered company Springer Nature Singapore Pte Ltd.

The registered company address is: 152 Beach Road, #21-01/04 Gateway East, Singapore 189721, Singapore

This book is dedicated to all sustainability practitioners across multiple jurisdictions who value and understand the importance of using analytics to aid better, efficient and more impactful decision making. Your valuable inputs through our various engagements have been instrumental in shaping the structure of this book. To mum and dad, my deepest gratitude for your continuous support even during these challenging times.

Preface

This book is a one-of-its kind sustainability analytics toolkit for practitioners. It provides a framing on how analytical tools (e.g. frameworks, standards, ratings and indexes) of varying sophistication levels have been used to address, resolve and make complex decisions involving sustainability issues and manage their risks. The toolkits presented in this book are practical and relevant across multiple jurisdictions. They primarily focus on how value can be created in the twenty-first century. Sustainability practitioners will also find topics covered such as recommendations and tools to improve sustainability communication and stakeholder engagement insightful.

Renard Siew
Kuala Lumpur, Malaysia
Acronyms
AGIC

Australian Green Infrastructure Council

ALMO

Active Labour Management Policies

ASPIRE

A Sustainability Poverty Infrastructure Routine for Evaluation

ASR

Asian Sustainability Rating

BREEAM

Building Research Establishment Environmental Assessment Methodology

CBECS

Commercial Building Energy Consumption Survey

CDP

Carbon Disclosure Project

CENT-GPS

Centre for Governance and Political Studies

CERES

Coalition for Environmentally Responsible Economies

DJSI

Dow Jones Sustainability Index

DPSIR

Driver-Pressure-State-Impact-Response

EES

Economic, Environmental, Social

EFQM

European Foundation for Quality Management

EGTT

Expert Group of Technology Transfer

EIA

Environmental Impact Assessment

EIRIS

Experts in Responsible Investment Services

ELECTRE

Elimination and Choice Expressing Reality

ESG

Environmental, Social, Governance

EU

European Union

FPIC

Free Prior Informed Consent

GBCA

Green Building Council of Australia

GHG

Greenhouse Gases

GIIN

Global Impact Investment Group

GRI

Global Reporting Initiative

HK-BEAM

Hong-Kong Building Environment Assessment Method

IBC

International Business Council

IFC

International Finance Corporation

ILG

Investor Lenders Group

ILO

International Labour Organisation

IMP

Impact Measurement Group

IO

Input-Output Analysis

IPCC

Intergovernmental Panel of Climate Change

ISPO

Indonesian Sustainable Palm Oil

KLD

Kinder Lydenberg Domini

LCA

Life Cycle Analysis

LEED

Leadership in Energy and Environmental Design

MBO

Management by Objectives

MCDM

Multi-Criteria Decision Making

MSPO

Malaysian Sustainable Palm Oil

NABERS

National Australian Built Environment Rating System

NDCs

Nationally Determined Contributions

OECD

Organisation for Economic Co-operation and Development

OHSAS

Occupational Health and Safety Assessment System

PaLATE

Pavement Life Cycle Assessment Tool for Environmental and Economic Effects

PESTEL

Political, Economic, Socio-Cultural, Technology, Environmental, Legislative

PMBOK

Project Management Body of Knowledge

PSML

Project Sustainability Maturity Level

RSPO

Roundtable of Sustainable Palm Oil

SAM

Sustainable Asset Management

SATs

Sustainability Analytical Tools

SDGs

Sustainable Development Goals

SEEA

System of Environmental-Economic Accounting-Ecosystem Accounting

SWOT

Strengths, Weaknesses, Opportunities, Threats

TCFD

Taskforce for Climate Financial Disclosures

TOPSIS

Technique for Order of Preference by Similarity to Ideal Solutions

UNFCCC

United Nations Framework Convention on Climate Change

UNGC

United Nations Global Compact

WBA

World Benchmarking Alliance

WBCSD

World Business Council on Sustainable Development

WSM

Weighted Sum Method

Contents
List of Figures
List of Tables
The Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2023
R. Siew Sustainability Analytics Toolkit for Practitioners https://doi.org/10.1007/978-981-19-8237-8_1
1. Introduction to Sustainability Analytics
Renard Siew
(1)
CENT-GPS, Kuala Lumpur, Malaysia
Renard Siew
Email:
1.1 Introduction

The term sustainability has gained much interest in the public domain in the past few decades. Businesses and leaders worldwide have acknowledged that its full meaning is complex, emerging from a myriad of sectors. For some, it has also become a platform to forge one of the most profound and meaningful transformations of this century, some calling it, The Sustainability Revolution which calls on us to take collective responsibility to design the future we want centred on humanity and the collective interest of stakeholders.

The relevance of this call is more important than ever with companies fast adopting new approaches and business models as they manoeuvre complex environmental and social relationships. Increasingly, stakeholders are requesting for more transparency when it comes to the reporting of environmental, economic and social (EES) issues, the three main pillars of sustainability. This has led to the proliferation of a range of tools in the form of frameworks , standards as well as ratings and indexes with differences across geopolitical, socio-economic and industry sectors. While some researchers have welcomed the more robust approach to sustainability reporting, others have critiqued that this proliferation of tools has led to more confusion in interpreting sustainability performance.

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