Climate Change Data

The Economist Corporate Network

Climate Impact & Sustainability Data (2010-12 to 2036, 2019)

Reporting Period: 2010-12 to 2036

Environmental Metrics

ESG Focus Areas

  • Climate Change
  • Social Inclusion
  • Economic Growth
  • Environmental Protection
  • Sustainable Transport

Environmental Achievements

  • Increased to 77% the proportion of Sydney residents who can access a Major Centre, Regional City or Global Sydney within 30 minutes by public transport (reducing carbon emissions implicitly)
  • Ensured 85% of greenfield land released was in the Growth Centres, helping contain Sydney’s urban footprint
  • Implemented the Metropolitan Transport Plan’s $50.2 billion in projects and enhancements (implicitly reducing emissions through improved transport)

Social Achievements

  • Strengthened Sydney’s position as one of the world’s most liveable cities
  • Ensured at least 113,000 new homes can be built at major sites in established suburbs
  • Planned or commenced major urban renewal across Sydney (improving social infrastructure)

Governance Achievements

  • Gazetted more than one quarter of metropolitan councils’ standardised LEPs, delivering the Metropolitan Strategy’s housing and job capacity targets
  • Established new mechanisms to achieve urban renewal (Sydney Metropolitan Development Authority and the Urban Renewal State Environmental Planning Policy)
  • Strengthened strategic infrastructure planning processes

Climate Goals & Targets

Environmental Challenges

  • Growing population exceeding expectations (1.7 million increase by 2036)
  • Changing population demographics (aging population)
  • Demand for more affordable housing (770,000 additional homes needed)
  • Need for 760,000 more jobs, half in Western Sydney
  • Inefficient transport and infrastructure delivery
  • Need for a more sustainable Sydney and tackling climate change
  • Maintaining global competitiveness
Mitigation Strategies
  • Integrated, long-term planning framework
  • Strengthening the city of cities approach
  • Growing and renewing centres
  • Transport for a connected city (including $50.2 billion transport plan)
  • Housing Sydney’s population (70% in existing areas, 30% in greenfield)
  • Growing Sydney’s economy (focus on Western Sydney)
  • Balancing land uses on the city fringe
  • Tackling climate change and protecting Sydney’s natural environment (climate change adaptation strategy)
  • Achieving equity, liveability and social inclusion
  • Delivering the plan (integrated decision-making, streamlined processes)

Supply Chain Management

Climate-Related Risks & Opportunities

Physical Risks
  • Extreme weather patterns

Reporting Period: 2019

Environmental Metrics

ESG Focus Areas

  • Sustainability
  • Governance
  • Transparency

Environmental Achievements

  • Increased emphasis on "green" investment and "zero tolerance" of corruption in BRI projects.

Social Achievements

  • Focus on building local industrial capacities and creating job opportunities in BRI projects.
  • Increased engagement with local communities in BRI projects.

Governance Achievements

  • China encouraging local companies to comply with international rules and standards.
  • Adoption of formal lending rules similar to multilateral development banks (MDBs).
  • Increased openness of BRI projects to international players.

Climate Goals & Targets

Environmental Challenges

  • Risky political, economic, and operating environments in BRI countries.
  • Corruption and bribery.
  • Sudden changes in local laws, regulations, or policies.
  • Delays due to political events or inefficient governments.
  • Security threats and breaches.
  • Tensions between China's approach to managing international projects and the interests of local communities.
  • Geopolitical risks (e.g., international pressure on BRI projects).
Mitigation Strategies
  • Conducting detailed market feasibility studies and rigorous project risk assessments.
  • Building strong partnerships with local companies.
  • Developing in-depth legal and regulatory expertise.
  • Understanding political dynamics and managing risk throughout the project’s life cycle.
  • Systematic risk identification, mitigation, and management approach throughout the project life cycle.
  • Considering a project’s lifetime costings and factoring in future operational and maintenance costs.

Supply Chain Management

Climate-Related Risks & Opportunities