Value Creation in Investment Projects: How a Focus on Value Creation During the Establishment and Governance of Investment Projects, Can Impact Invest


Book Description

Although investment projects are defined as projects designed to achieve a beneficial change, which will have a lasting effect on society, economy or environment, and thus also create a value, investment projects are still most often measured on efficient project output delivery, i.e. completed on time and within budget. However, after scandals concerning public investments and expenditures, as well as the European Debt Crisis, and investment gaps caused by years of under-investments, there is an increased pressure for investment projects to create sustainable value, which emphasises a need for increased local government knowledge on how to put investments to best use, to ensure investments contribute with sustainable value. Additionally, most projects fail to meet their goals, and an increased focus on investment projects to create value, therefore also include a need to focus on measures to improve the success rate of projects. The aim of our research has been to identify how a focus on the value contribution of investmnt projects can have an effect on the governance (how the principal organisations select, steer, monitor and support the management) of investment projects, and through this, also have direct and indirect effects on the management, efficiency and success of the projects. The research is a qualitative and comparative study a total of 34 recent investment projects, whereof 29 Norwegian concept studies which have undergone the quality assurance scheme defined by the Ministry of Finance, and 5 investment projects conducted in different countries, representing both developing and developed economies, and either funded publicly, privately or through some form of public/private partnership, used also as controls to test generalizability. Through this, we have identified that focusing on the value contribution in the early stages and throughout the lifecycle of investment projects, can positively influence the process of how we select which projects to undertake, and how the projects are supported, governed, managed and executed, as well as influencing cultural, motivational and efficiency aspects of the project, and ultimately also project success.




OECD Sovereign Borrowing Outlook 2021


Book Description

This edition of the OECD Sovereign Borrowing Outlook reviews developments in response to the COVID-19 pandemic for government borrowing needs, funding conditions and funding strategies in the OECD area.




Impact Investing at a Crossroads


Book Description

There is no questioning the enthusiasm that welcomed impact investing as an alternative approach to making investments: Take account of both financial returns and the social and environmental impacts. But there is no denying that the approach has fallen well short of expectations. Impact investing has shown great promise as a major transformational investment paradigm, but in practice under-performing woefully and its prospects are dimming: It comprises less than 1% of the world’s equity investments, and too many claims of success are more about marketing and reputational value than hard evidence of positive social impacts. Drawing on over a decade of hands-on experience, this book presents a unique combination of a how-to guide and a reimagining – new models, frameworks, techniques, and tools – of what impact investing could be and could accomplish. It points to a new direction for future impact investments: achieve higher financial returns, more positive social and environmental impacts, and lower risks than conventional investments. Readers will learn what actions should be taken at each stage of impact investing, and which models, analytic frameworks, and techniques to use – and how to use them – for optimal results. This book offers a step-by-step guide to how impact investing can achieve its promise of transforming global investments into a powerful positive force for change. It is an inspiring and comprehensive resource for anyone who wants to understand how impact investing works and how it can be done better, from professionals at foundations, international NGOs, consulting firms, and government agencies, to students of finance, public policy, ESG, sustainability and international development.




Creating Value


Book Description




Business Sustainability, Corporate Governance, and Organizational Ethics


Book Description

A comprehensive framework for understanding the most important issues in global business This is the e-book version of Business Sustainability, Corporate Governance, and Organizational Ethics. In today's business environment, multinational corporations are under pressure from investors, lawmakers, and regulators to improve their corporate governance, business sustainability, and corporate culture. Business sustainability, corporate governance, and organizational ethics are taking center stage in the global business environment. This long-awaited text covers each of these three important areas in detail, guiding readers to a robust understanding with features including chapter summaries, essential terms, discussion questions, and cases for each topic covered.




Business Ethics


Book Description

It is long past time to take business ethics seriously. This is not because business people feel the need to appear virtuous, attentive to sustainability, or devoted to their stakeholders, but because business ethics can offer a competitive advantage to companies that prioritize it. A strong reputation and trustworthiness reduce transaction costs with partners, foster loyalty among employees, and attract top young talent. This book explores the many ways companies around the world can achieve such a competitive advantage. Use this volume to stay informed in this field, which will only grow in importance as technology continues to shed light on who provides the goods and services we rely on.




Global Handbook of Impact Investing


Book Description

Discover how to invest your capital to achieve a powerful, lasting impact on the world. The Global Handbook of Impact Investing: Solving Global Problems Via Smarter Capital Markets Towards A More Sustainable Society is an insightful guide to the growing world-wide movement of Impact Investing. Impact investors seek to realize lasting, beneficial improvements in society by allocating capital to sources of impactful and sustainable profit. This Handbook is a how-to guide for institutional investors, including family offices, foundations, endowments, governments, and international organizations, as well as academics, students, and everyday investors globally. The Handbook´s wide-ranging contributions from around the world make a powerful case for positive impact and profit to fund substantive, lasting solutions that solve critical problems across the world. Edited by two experienced and distinguished professionals in the sustainable investing arena and authored by two dozen renowned experts from finance, academia, and multilateral organizations from around the world, the Global Handbook of Impact Investing educates, inspires, and spurs action towards more responsible investing across all asset classes, resulting in smarter capital markets, including how to: · Realize positive impact and profit · Integrate impact into investment decision-making and portfolio · Allocate impactful investments across all asset classes · Apply unique Impact Investing frameworks · Measure, evaluate and report on impact · Learn from case examples around the globe · Pursue Best Practices in Impact Investing and impact reporting While other resources may take a local or limited approach to the subject, this Handbook gathers global knowledge and results from public and private institutions spanning five continents. The authors also make a powerful case for the ability of Impact Investing to lead to substantive and lasting change that addresses critical problems across the world.




The Sustainable Business Blueprint


Book Description

Understanding how to build and manage a sustainability business plan has become a business imperative as investors demand, regulators require, and stakeholders increasingly expect companies to report their financial economic sustainability performance (ESP) and non-financial environmental, social, and governance (ESG) sustainability information. This book provides both the rationale for and key practical steps in how to approach business sustainability factors of planning, performance, risk, reporting, and assurance. This comprehensive book covers all the areas that a business would need to embed, articulate, and execute a strategy of profit-with-purpose in promoting shared value creation for all stakeholders. It addresses drivers, sources, and international guidelines (GRI, IIRC, SASB, FASB, PCAOB, IAASB, ISSB) for prioritising business sustainability factors, and establishing the link between ESG performance and financial performance. It presents key performance indicators (KPIs) of ESP and ESG dimensions of sustainability performance. It also provides templates for performance, risk, and disclosure; presenting cases and examples of why to disclose ESG performance, what to disclose, and where and how to disclose ESG performance information. For businesses wanting a detailed understanding of how to deliver on these important areas, including boards of directors, senior management, financial officers, internal auditors, external auditors, legal counsel, investors, and regulators, this book is an invaluable resource.




The Value of Cooperation


Book Description

The report is structured so as to achieve three objectives: 1 to introduce the reader to the security context in which HSD operates; 2 to provide an overview of where HSD stands and what its assets are; and 3 to show directions for development of the cluster and opportunities to reinforce its mission: to bring together triple-helix-partners with the aim to achieve synergies, bring economic benefits to the Netherlands as a hub for security innovation, and, ultimately, to generate security and economic benefits for society as a whole. The first part of the report starts out by describing what is meant by security, how thinking about security has evolved, and how ever more vital aspects of our daily lives have become part of the security realm. It then briefly surveys some key themes of security, showing how they are interlinked. Subsequently, we survey how these various security themes are currently incorporated in our national security strategies, and reflect on the priorities that are set by the government, but also within civil society, the business world and among citizens. The second part focuses on The Hague Security Delta: what makes it well-equipped to deal with the security challenges that were described in the first part? Where can it make the most meaningful contributions and produce the most value-added, and how is it positioning itself to capitalise on existing and potential opportunities? Subsequently, we investigate some of these opportunities by focusing on how other security clusters have evolved and by highlighting some innovation projects and initiatives that HSD partners and others are engaged in. Finally, some of the highestpotential projects are highlighted that can help consolidate or expand the reach of HSD, and help to improve security provision in a way that adds value to our economy and society alike. The conclusion will recap the objectives of HSD and provide some highlights from its 2015 agenda.




Major Infrastructure Projects


Book Description

In this unique and comprehensive textbook, the authors examine the challenges faced all around the world with regard to major infrastructure project management, and they champion a fresh approach that takes into account the interdependencies between economic, social, political, technological and legislative environments. Managing, developing and investing in crucial infrastructure is essential to keep up with the challenges of a fast-paced and globalised world, but affecting and overseeing change requires a deep understanding of complex interlocking systems. To this end the book is neatly divided into three key parts: project appraisal, maximising integrated supply chains, and implementing value-enhancing practices. This is the ideal companion for courses on any aspect of civil engineering and construction project management including modules in infrastructure planning, infrastructure management, construction management and business management. The book will also appeal to practitioners involved in the management of capital and infrastructure projects.