The Infrastructure Sustainability Council of Australia (ISCA) is partnering with a newly created Chinese alliance to create the Green Infrastructure Finance Accreditation (GIFA) scheme for the Chinese infrastructure industry.
The new initiative will be based on ISCA’s Infrastructure Sustainability (IS) rating scheme currently used in Australia and New Zealand.
ISCA signed the collaboration agreement at the Australia Week in China at a signing ceremony witnessed by Federal Minister for Trade and Investment Steven Ciobo and Special Envoy Andrew Robb.
The GIFA alliance consists of the not-for-profit China City Development Foundation (CCDF), which aims at advancing sustainability in the nation’s urban development; Green World City (GWC), a global network of CEOs and experts involved in creating sustainable projects in over 120 countries; and ISCA.
The scheme will be modelled after ISCA’s IS rating scheme and will aim to support the delivery and operation of more sustainable infrastructure for the country.
ISCA’s IS rating scheme helps to measure sustainability performance in infrastructure projects, which encourages better practises and outcomes across social, environmental and economic impacts. It can be used from the planning through to design, constriction and operation stages of infrastructure assets.