Fast-Infra Sustainable Infrastructure Label

Fast-Infra Sustainable Infrastructure Label

Organization

Fast-Infra Initiative, Global Infrastructure Basel, Climate Policy Initiative

Type(s) of Tool

Rating SystemsProvide quantifiable sustainability ratings and / or certification for projects or assets.

Sector(s)

Tools applicable to all sectors

Lifecycle Phase(s)

Project PlanningGeneral strategy for a project’s delivery is developed., Concept DesignTechnical experts broadly outline the project’s basic characteristics., ProcurementThe provision of goods and services to realize a project are tendered and closed., Detailed DesignTechnical experts further elaborate the Concept Design., ConstructionThe asset is constructed in line with design, budget and timeline., Operation and MaintenanceInfrastructure assets are managed and maintained during their use time.

Open Source

Yes

Language Availability

English

Country of Origin

France

Date of Development

2021

Description

The FAST-Infra Label is a globally applicable labelling system designed to identify and evaluate sustainable infrastructure projects, with the overarching objective of supporting infrastructure and creating a liquid asset class. It aims to enable all market players, including developers, operators, and investors to show the positive impact of an infrastructure asset, and attract investors seeking assets which positively contribute to sustainable outcomes. A key motivation behind the FAST-Infra Label is not to reinvent the wheel, but to build on existing standards, frameworks, and taxonomies to create a comprehensive framework and set of sustainability criteria that takes into account best practices and evolves with changes in the market. To account for this, the label is based on an extensive mapping against 25+ leading standards, frameworks, and principles in the market.

Tool Outcome

Application of the FAST-Infra Label enables comparability of metrics across sustainable infrastructure assets. It informs developers of best practices and streamlines their ability to get an initial review before financing a sustainable infrastructure project. The label aims to act as a one-stop solution for sustainability labelling. The more infrastructure projects use the certification, the more important and effective it could become as a marker for sustainable infrastructure projects on the market. The label is awarded in a self-assessed form as well as a verified form if the project participates in a third party verification process.

Sustainability Criteria

The FAST-Infra framework is based on four dimensions of sustainability: Environmental Sustainability, Social Sustainability, Governance, and Adaptation and Resilience. To qualify for the Fast-Infra Label, infrastructure assets need to adhere to 14 sustainability objectives across those four dimensions.

Case Studies

https://www.fastinfralabel.org/projects

Contact Information

https://www.fastinfralabel.org/contact