Image via WikipediaThe sustainability movement is making its way to America’s bridges, roads and waterways.
The American Society of Civil Engineers, the American Council of Engineering Companies and the American Public Works Association recently joined together to create the Institute for Sustainable Infrastructure (ISI) to develop a new infrastructure-rating system to assess the sustainability of civil-engineering projects.
In July, the ISI launched a public-comment period for interested parties to review their new rating system, EnvISIon.
ISI’s EnvISIon aims to do for infrastructure projects what the U.S. Green Building Council's Leadership in Energy and Environmental Design (LEED) program does for buildings.
What is Sustainability?
Sustainability is about improving quality of life without degrading the quality, quantity or availability of natural, economic and social resources. This definition stresses a triple bottom-line commitment to people/planet/profits that combines respect for the planet with equitable distribution.
Sustainability will create business opportunities and risks, and must be an issue of concern for risk managers and insurance professionals. While most insurance professionals and risk managers are aware of sustainability, as an industry, we are just scratching the surface to understand the connection between sustainability, risk and underwriting exposures.
The environmental, economic and social elements of sustainability will have impacts at a local, regional and global level for both risk managers and insurance-industry professionals.