A new labelling system launched at Davos aims to serve as a globally applicable tool for evaluating the sustainability and resilience performance of infrastructure projects. The FAST-Infra Label, the result of collaboration between the Global Infrastructure Basel Foundation (GIB) and Bloomberg, will also contribute to efforts to unlock much-needed finance for sustainable infrastructure projects, helping to close an estimated US$15 trillion investment gap projected by 2040. “There is clear investor appetite to deploy more capital in sustainable infrastructure as governments around the world work to reach their net zero goals and build resilience in their existing real assets.” said Louis Downing, GIB’s CEO. By serving as a global framework that is interoperable across regions, the FAST-Infra Label will ensure consistency and data availability, GIB and Bloomberg have said. This data will be available via the FAST-Infra Application Portal, built and operated by Bloomberg, which will serve as a central repository for all project-related data. “This is a milestone for the sustainable infrastructure asset class,” said James Hook, Head of Data at Bloomberg. “Building consistency through a commonly accepted, consistent framework based on sophisticated, high-quality data sets, the FAST-Infra Label is a much-needed solution for infrastructure investors and managers.” The FAST-Infra Label is a private sector initiative founded in 2020 and led by major financial institutions and global organisations, including HSBC, the International Finance Corporation and Meridiam.
