We are delighted and proud to have been part of the team that developed the FAST-Infra Label.
Rudi Lang Partner, Member of the Group Executive Board & Head of Financial Services, Forvis Mazars Group
Forvis Mazars supports the FAST-Infra initiative and its new Label
Forvis Mazars is proud to announce its active support to FAST-Infra, the ‘Finance to Accelerate the Sustainable Transition-Infrastructure’ Initiative and its contribution to the development of the FAST-Infra Label – a consistent, globally applicable labelling system designed to identify and evaluate sustainable infrastructure assets.
FAST-Infra was created in early 2020 under the auspices of the One Planet Summit through collaboration among a relevant group of leading organisations committed to collectively advancing sustainable infrastructure development globally. This multi-stakeholder group includes the Climate Policy Initiative (CPI), HSBC, the International Finance Corporation (IFC), the Organisation for Economic Cooperation and Development (OECD), World Bank Group’s Global Infrastructure Facility (GIF).
Over the last year, participation in FAST-Infra has quickly expanded to include over 80 institutions, representing key public and private stakeholders of the infrastructure ecosystem.
FAST-Infra Label: Providing market confidence and fostering investment in sustainable infrastructure
As part of this initiative, Forvis Mazars has contributed, along with other institutions, to the development of the FAST-Infra Label which launched at COP26.
The Label is a credible, consistent, and globally applicable labelling system designed to identify and evaluate sustainable infrastructure projects, with the overarching objective of supporting infrastructure and creating a liquid asset class.
The FAST-Infra Label will facilitate due diligence processes and structuring of investments for sustainable infrastructure assets, thereby reducing transaction costs. The Label is a meta-standard designed to unlock private financing for sustainable infrastructure, especially in emerging economies. It addresses the estimated $139 trillion investment gap needed for net-zero emissions by 2050 by providing standardized definitions and improving data transparency, thereby attracting investors. The Label integrates global frameworks like the Equator Principles and IFC Standards, ensuring compatibility across diverse projects. Project developers can signal sustainability to attract finance, while investors gain assurance of meeting environmental, social, and governance criteria. Global Infrastructure Basel Foundation and Bloomberg L.P., appointed as the Secretariat of the Label, will facilitates projects applications through the simple, secure and automatic Data Repository Application Portal.
This initiative will accelerate funding into sustainable projects and make a real impact on people's lives.
Bob Green Partner & Head of Energy, infrastructure & environment, Forvis Mazars Group
Thanks to its active participation in developing the Label, Forvis Mazars can help developers review their projects to ensure they are compliant with the Label. We can also support you in the certification process and advise on its implementation.
If you need advice on any of these areas, contact us and a member of the team will be in touch to discuss further.
Contacts
Bob Green Partner - UK Head of Energy and Infrastructure London, United Kingdom
Rudi Lang Partner, Member of the Group Executive Board - London, United Kingdom
Rickard Warnelid Partner Sydney, Australia
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