FAST-Infra Sustainable Infrastructure® (FAST-Infra) Label

Investors are hungry for exposure to sustainable infrastructure, but they also seek greater confidence in the impact of assets. By providing a simple, practical framework to communicate sustainability credentials, FAST Infra’s SI label should provide clarity to investors and developers, helping guide capital allocations towards the sector. It’s a superb example of cross-sector collaboration and we look forward to working with Bloomberg and GIB, two highly-respected thought leaders at the forefront of the energy transition, to make it a global success.

The World Bank remains committed to promoting green, resilient, and inclusive growth through sustainable infrastructure. I am pleased to see the FAST-Infra Label reach this momentous milestone. It is a unique, industry-led tool to build coherency and raise sustainability standards in the market. I look forward to the next stage of its broad adoption.

Setting standards for infrastructure projects to be labelled as sustainable is critical to achieving the FAST-Infra goal of supporting the development of sustainable infrastructure as an asset class. This announcement is about more than infrastructure. It’s about key industry players coming together to establish a template for standardization and collaboration that I’m optimistic can be applied to other sustainable projects and global problems.

FAST-Infra will help bridge the massive investment gap in sustainable infrastructure thanks to a remarkably diligent effort of a global coalition of leading institutions, organizations, and individuals. The appointment of Global Infrastructure Basel (GIB) and Bloomberg, who will implement and run the FAST-Infra “Sustainable Infrastructure label” secretariat and data repository starting in 2023, is a significant step in our implementation mission. We look forward to supporting Bloomberg and GIB’s efforts to deploy the FISI label and make it a universal standard.

Driving capital into sustainable infrastructure is one of the world’s greatest priorities to secure a safe future for people and the planet. The Sustainable Infrastructure Label of the FAST Infra Initiative represents a unifying key tool in this urgent effort. By making investors’ exposure to environmental and social risks, but also opportunities and positive impact more transparent, it will also help to attract a broader range of asset owners to this market.

This effort will help drive more capital to sustainable infrastructure by providing the data and transparency investors need to make informed decisions. It will create healthy competition among developers for smarter, more sustainable infrastructure and provide new investment opportunities for companies working to reach net-zero.