ESG

For a resilient city, ESG values are not a choice but a necessity.

Starting with the Environmental aspect:

• “99% of buildings are existing structures”
  • Therefore, energy efficiency is crucial here. Efficiency solutions should be incorporated into our buildings through a portfolio approach and optimization techniques.

• Additionally, a circular economy should be integrated. In a world with such high construction mobility, we must implement much more effective waste recycling systems and reintegrate this value back into our economy.

On the Social aspect:

• Inclusive urban transformation
• Accessible solutions (Cities for Everyone), (this includes 10-15-20-minute cities, where transportation is easy, and social impact is simplified).
  • Financial Accessibility (Unifying rather than segregating)
  • Physical Accessibility (Social amenity areas)

• Community Health (clean/green space stock)

On the Governance aspect:

• Roundtable concept for stakeholder engagement
• Transparent and Accountable systems
  • A sustainability scorecard, including KPIs, presented to the public by administrations can motivate the community.

• Legislation incorporating ESG obligations

Thus, by focusing on people and aiming for greater resilience and disaster preparedness:

• More digital and manageable
• Financially sustainable
  • Transformations supported by green bonds and international financial institutions at favorable rates

• Capable of attracting more ESG-sensitive investors
  • Collaborations with EBRD and WDB
  • New fund types like BlackRock

City designs like these are achievable.