The Cost of Sustainability Capital and the Creation of Sustainable Value by Companies

We develop and apply a valuation methodology to calculate the cost of sustainability capital, and, eventually, sustainable value creation of companies. Sustainable development posits that decisions must take into account all forms of capital rather than just economic capital. We develop a methodology that allows calculation of the costs that are associated with the use of different forms of capital. Our methodology borrows the idea from financial economics that the return on capital has to cover the cost of capital. Capital costs are determined as opportunity costs, that is, the forgone returns that would have been created by alternative investments. We apply and extend the logic of opportunity costs to the valuation not only of economic capital but also of other forms of capital. This allows (a) integrated analysis of use of different forms of capital based on a value-based aggregation of different forms of capital, (b) determination of the opportunity cost of a bundle of different forms of capital used in a company, called cost of sustainability capital, (c) calculation of sustainability efficiency of companies, and (d) calculation of sustainable value creation, that is, the value above the cost of sustainability capital. By expanding the well-established logic of the valuation of economic capital in financial markets to cover other forms of capital, we provide a methodology that allows determination of the most efficient allocation of sustainability capital for sustainable value creation in companies. We demonstrate the practicability of the methodology by the valuation of the sustainability performance of British Petroleum (BP).

Agricultura urbana, condición para el desarrollo sostenible y la mejora del paisaje

Este artículo resulta de investigaciones en torno al “enverdecimiento” de las ciudades y las oportunidades de la agricultura urbana para la alimentación de una población en constante aumento que no trabaja la tierra. También es fruto de actividades de mejora de ambientes urbanos realizadas con la Escuela de Ingenieros Agrónomos de la Universidad Politécnica de Madrid. A través de casos de agricultura urbana, entendiendo por ella el conjunto de prácticas para la producción de alimentos y plantas ornamentales dentro de las ciudades y en sus entornos, se analizan alternativas para la recuperación de espacios construidos e incremento de la calidad de vida de la población. Todo ello se traduce, además, en creación de riqueza y mejora del paisaje urbano, siempre desde criterios de sostenibilidad que favorecen el desarrollo local desde la Cumbre de la Tierra de Río de 1992 y la Conferencia sobre Desarrollo Sostenible Río+20 de 2013.

Sustainable Value Creation among Companies in the Manufacturing Sector

In this paper, we present empirical results of a study on the creation of Sustainable Value among European manufacturing companies. As sustainable development is a future oriented concept we assess the use of environmental resources in companies in the light of the EU15 performance targets for 2010. By using the Sustainable Value approach and based on publicly available company data we measure in monetary terms how individual companies perform vis-a-vis the 2010 performance targets already today. This shows the specific exposure and vulnerability of companies to more stringent policy regimes, and allows meaningful comparisons between both companies and sectors.

Sustainability-related media coverage and socioeconomic development: a regional and North–South perspective

Abstract. With this paper we discuss the differences between sustainability-related media agendas across different countries and regions. Utilising a sample of 115 leading national newspapers covering forty-one countries, we show that typically no homogeneous global trends exist with regard to sustainability-related media agendas. Instead, significant differences exist regarding the national-level prioritisations of sustainability-related issues in the countries under review. To some extent, these observed differences can be attributed to different levels of socioeconomic development as measured by Human Development Index scores and gross domestic product per capita. Here, generic differences can be identified between newspapers from the Global North and South, with a range of issues such as climate change emerging as typically Northern issues, whereas issues such as corruption and poverty show significantly higher levels of coverage across newspapers from the Global South. We conclude with a discussion of the results in the context of global environmental governance.

Contingent Participation: Imaginaries of Sustainable Technoscientific Innovation in the EU

Citizen participation is often valorised in the governance of areas of high scientific uncertainty at national, international and supranational levels. This chapter considers citizen or public participation in the specific area of the EU’s agenda on sustainable development as it increasingly frames technoscientific innovation and development. Specifically, the chapter focuses on just one underexplored aspect of the conditions of possibility for participation: imaginaries. These include how the EU imagines its engagement, responsibilities and identity in relation to the specific area, including the knowledges that are constructed and used in decision-making, and by implication the role of citizen or public participation.

The discussion draws on an analysis of the social and technoscientific imaginaries found in legal, regulatory and policy discourses. These construct the frame of sustainable development and build a link between it and technoscientific innovation and development. By attention to imaginaries as one aspect of the frame, the chapter highlights the centrality of, and main interactions between, sustainable development in the inscription and potential disruption of the normative and programmatic background for the operationalisation of technoscientific innovation. These insights are used to highlight how imaginaries constitute a crucial aspect of the conditions of possibility for participation: determining who has to participate in decision-making through configurations of ‘citizen’ or ‘public’, how, why, and which outcomes are to be achieved by that participation.

A techno-economic evaluation of changing from conventional vehicles to range extended electric vehicles

Transportation accounts for 22% of greenhouse gas emissions in the UK, and increases to 25% in Northern Ireland. Surface transport carbon dioxide emissions, consisting of road and rail, are dominated by cars. Demand for mobility is rising rapidly and vehicle numbers are expected to more than double by 2050. Car manufacturers are working towards reducing their carbon footprint through improving fuel efficiency and controlling exhaust emissions. Fuel efficiency is now a key consideration of consumers purchasing a new vehicle. While measures have been taken to help to reduce pollutants, in the future, alternative technologies will have to be used in the transportation industry to achieve sustainability. There are currently many alternatives to the market leader, the internal combustion engine. These alternatives include hydrogen fuel cell vehicles and electric vehicles, a term which is widely used to cover battery electric vehicles, plug-in hybrid electric vehicles and extended-range electric vehicles. This study draws direct comparisons measuring the differing performance in terms of fuel consumption, carbon emissions and range of a typical family saloon car using different fuel types. These comparisons will then be analysed to see what effect switching from a conventionally fuelled vehicle to a range extended electric vehicle would have not only on the end user, but also the UK government.

Nanofluids development and characterization for heat exchanging intensification

A desmaterialização da economia é um dos caminhos para a promoção do desenvolvimento sustentável na medida em que elimina ou reduz a utilização de recursos naturais, fazendo mais com menos. A intensificação dos processos tecnológicos é uma forma de desmaterializar a economia. Sistemas mais compactos e mais eficientes consomem menos recursos. No caso concreto dos sistemas envolvendo processo de troca de calor, a intensificação resulta na redução da área de permuta e da quantidade de fluido de trabalho, o que para além de outra vantagem que possa apresentar decorrentes da miniaturização, é um contributo inegável para a sustentabilidade da sociedade através do desenvolvimento científico e tecnológico. O desenvolvimento de nanofluidos surge no sentido de dar resposta a estes tipo de desafios da sociedade moderna, contribuindo para a inovação de produtos e sistemas, dando resposta a problemas colocados ao nível das ciências de base. A literatura é unânime na identificação do seu potencial como fluidos de permuta, dada a sua elevada condutividade, no entanto a falta de rigor subjacente às técnicas de preparação dos mesmos, assim como de um conhecimento sistemático das suas propriedades físicas suportado por modelos físico-matemáticos devidamente validados levam a que a operacionalização industrial esteja longe de ser concretizável. Neste trabalho, estudou-se de forma sistemática a condutividade térmica de nanofluidos de base aquosa aditivados com nanotubos de carbono, tendo em vista a identificação dos mecanismos físicos responsáveis pela condução de calor no fluido e o desenvolvimento de um modelo geral que permita com segurança determinar esta propriedade com o rigor requerido ao nível da engenharia. Para o efeito apresentam-se métodos para uma preparação rigorosa e reprodutível deste tipo de nanofluido assim como das metodologias consideradas mais importantes para a aferição da sua estabilidade, assegurando deste modo o rigor da técnica da sua produção. A estabilidade coloidal é estabelecida de forma rigorosa tendo em conta parâmetros quantificáveis como a ausência de aglomeração, a separação de fases e a deterioração da morfologia das nanopartículas. Uma vez assegurado o método de preparação dos nanofluídos, realizou-se uma análise paramétrica conducente a uma base de dados obtidos experimentalmente que inclui a visão central e globalizante da influência relativa dos diferentes fatores de controlo com impacto nas propriedades termofísicas. De entre as propriedades termofísicas, este estudo deu particular ênfase à condutividade térmica, sendo os fatores de controlo selecionados os seguintes: fluido base, temperatura, tamanho da partícula e concentração de nanopartículas. Experimentalmente, verificou-se que de entre os fatores de controlo estudados, os que maior influência detêm sobre a condutividade térmica do nanofluido, são o tamanho e concentração das nanopartículas. Com a segurança conferida por uma base de dados sólida e com o conhecimento acerca da contribuição relativa de cada fator de controlo no processo de transferência de calor, desenvolveu-se e validou-se um modelo físico-matemático com um caracter generalista, que permitirá determinar com segurança a condutividade térmica de nanofluidos.

Educação para o desenvolvimento sustentável no ensino básico : contributos da integração das tecnologias da informação e comunicação e do envolvimento familiar nos primeiros anos de escolaridade

A necessidade de se educar para o desenvolvimento sustentável é um ponto assente nas atuais políticas educativas internacionais. Considera-se fulcral desenvolver nos alunos as competências necessárias para analisar criticamente e tomar de decisão frente às atuais problemáticas relacionadas com as dimensões ambiental, social e económica, sob uma perspetiva sistémica. No entanto, a literatura de referência aponta a escassez de recursos intencionalmente concebidos para apoiar práticas didático-pedagógicas dos professores mais coerentes com estas diretrizes. Assim, o presente estudo tem por finalidade desenvolver estratégias, conceber e explorar recursos didáticos multimédia para promover a Educação para o Desenvolvimento Sustentável (EDS), no contexto da Educação em Ciência com orientação Ciência-Tecnologia-Sociedade (CTS), através da integração das Tecnologias da Informação e Comunicação (TIC) e do envolvimento familiar (EF) nos primeiros anos de escolaridade, assim como compreender os impactes dos mesmos na alteração das práticas dos professores tornando-as mais coerentes com as orientações EDS/CTS. Face a esta finalidade, adotámos uma metodologia de natureza qualitativa, nomeadamente o Estudo de Caso na vertente multicasos, ao longo da investigação. O estudo envolveu o 1º Ciclo do Ensino Básico de um Agrupamento de Escolas de Aveiro (Portugal), nomeadamente professores, alunos e respetivos familiares. Por entender serem os professores um elemento-chave de mudança do processo educativo, o estudo envolveu a conceção e implementação de uma Oficina de Formação de professores e uma comunidade online, a servir de plataforma de comunicação entre as escolas e as famílias. Assim, para a recolha de dados recorremos às técnicas de inquérito, observação e análise documental. Os respetivos instrumentos utilizados para cada técnica foram questionários, diário da investigadora, e-portefólios reflexivos e registos de interação na comunidade online. Os dados qualitativos e quantitativos foram analisados através da técnica de análise de conteúdo e análise estatística descritiva, respetivamente. Os resultados apontam que a integração das TIC e o incentivo ao envolvimento familiar contribuem positivamente para a promoção da EDS nos primeiros anos de escolaridade. Contudo, considerando o contexto em estudo onde as escolas atendem muitas famílias provenientes de meios socioeconómicos menos favorecidos, é preciso repensar a integração das TIC, para que estas não se configurem como mais uma barreira para o envolvimento familiar. Assim, trabalhar a EDS/CTS para além dos muros da escola, envolvendo as famílias dos alunos e colocando as TIC como uma ponte de comunicação é apresentado nesta investigação como o principal contributo para a consecução da EDS.

Creating Local Institutional Arrangements for Sustainable Wetland Socio-ecological Systems: Lessons from the ‘Striking a Balance’ Project in Malawi

Wetland socio-ecological systems provide livelihood benefits for many poor people throughout the developing world, yet their sustainable development requires local utilisation strategies that balance both environmental and development outcomes. Community-based local institutional arrangements that mediate peoples’ relationships with their environment and facilitate adaptive co-management offer one means of achieving this, and increasingly many NGOs and development practitioners have sought to integrate local institutional capacity-building into development projects. In the context of wider academic debates surrounding the long-term sustainability of externally-facilitated local institutions, this paper draws on the experiences of the three-year Striking a Balance (SAB) project in Malawi which sought to embed sustainable wetland management practices within community-based local institutional arrangements. Drawing on field data collected through participatory methods at three project sites some five years after the cessation of project activities, we examine the extent to which SAB’s local institutional capacity-building has been successful, and from this draw some lessons for externally-driven project interventions which seek win-win outcomes for people and the environment. With reference to Elinor Ostrom’s design principles for long-enduring common property resource institutions, we suggest that the observed declining effectiveness of SAB’s local institutions can be attributed to issues of stakeholder inclusiveness and representations; their sustainability was arguably compromised from their inception on account of them being nested within pre-existing, externally-driven village ‘clubs’ whose membership and decision-making was not congruent with all the wetland stakeholders within the community.

Towards more sustainable urban forms in the city of Benghazi: a study of urban fragmentation at the neighbourhood level

Urban sprawl is a challenge to the sustainability of many cities around the world. Fragmented urban development and vacant land are widespread problems in many Arab cities (UN-Habitat, 2012) which are, according to Ben-Hamouch, mainly a result of inappropriate modern planning and poor land management (2013). This study addresses the problem of urban fragmentation at the neighbourhood level and examines to what extent the concept of compact urban form can contribute to the improvement of social and environmental sustainability in the Libyan city of Benghazi and Arab cities in general. The objectives and scope of the study have justified a morphological approach, where eleven case studies that present different urban typologies in the city have been investigated. The research strategy and selection of case studies were driven by the availability of data and meant to cover the main urban types and important issues defined within this context. This research, which has been conducted to explore and explain the relationships that exist between local urban forms and their performance in terms of sustainability, has produced valuable knowledge and helped to identify measures which target the improvement of people’s quality of life and environmental sustainability of the city. The research draws on the argument that adopting a type of human scale urban form, which is relatively compact and dense, well-connected and comfortably diverse, coupled with concepts of urban greening and flexible development relevant to the local context, would help to create a high quality urban form that is liveable and accessible, while causing minimum damage to the natural environment. This work is an attempt to respond and add to the ongoing debate on sustainable urban form in the developing countries (see: (Jenks, 2000)). The findings have contributed to the understanding of urban fragmentation and highlighted the relevance of the theory of compact city to sustainable development in Benghazi and the South in general. It is anticipated that this work would raise awareness on the impact of urban fragmentation on the sustainability of the built environment within this context and help to advance research on planning theory and practice based on real-life experience and responses to local circumstances.