AMCL was represented at the 2022 IAM UK Chapter Conference in Birmingham, the first in-person since the pandemic, by James Carne, David Harman, Laura Hatton, and Kris Westall. The conference headline theme was, ‘What does Climate Emergency mean for Asset Management?’ and aimed at answering underlying questions such as:
- How do we adapt our assets to reduce their environmental impacts whilst increasing their resilience?
- We have large asset portfolios, so where do we start?
- How do we plan for likely future scenarios and build the business case for investment?
David, as part of the IAM Climate Emergency Planning Group (CEPG), delivered the Keynote presentation on Day One. Sally Sudworth, CEPG Chair, reported on a round table discussion reviewing COP26 and the expectations of COP27 in Egypt. The Group published a white paper last year, providing guidance in applying asset management principles to addressing the effects of climate change on physical assets to coincide with COP26, in Glasgow. Now a year on, David announced the launch of a CEPG questionnaire (https://www.surveymonkey.co.uk/r/32HKL8L) to determine the level of implementation of adaptation and resilience plans, resulting from that paper, and to steer the content of a follow-up white paper in 2023.
Many asset owners joined with their consultants to report on case studies where asset management methodology has successfully helped address environmental and societal issues. They included many of our clients, Anglian Water, Cadent Gas, Environment Agency, National Grid, National Highways, Network Rail, Northern Rail, Affinity Water and Irish Water.
The studies ranged from efficiently reducing leaks from gas and water networks to conserve resources and achieving greater climate change resilience of the highway network, to how we manage uncertainty in a changing world.
It was two days packed with information and challenges. The AMCL team learned much and noted that many clients are looking to Asset Management to manage their responses to climate change and assess capital benefits to environment and society as well as financial. This was greatly encouraging for the developing work of the Sustainability Working Group in ensuring AMCL are prepared to assist clients address their ‘green’ issues.
Contact David Harman
To hear more about how to start your journey to net zero
Contact James Carne
To hear more about how AMCL can support you with your sustainability goals