INTERNATIONAL SUSTAINABILITY INITIATIVE
Indicators & Standards
As experienced in many other sectors, it is difficult to develop EU “Single Market” and support programs for SME in the absence of industry specific common indicators and standards. Therefore, the Cluster aims to develop sector-specific common indicators and standards that can be applied within the North-West European countries. This will further help in stimulating the market of sustainable renovation in NWE Region.
As a first step, the sustainable re novation was defined through an intensive consultative process involving members from the five North West European countries (Belgium, France, Germany, Great Britain, Ireland, and The Netherlands). The Sustainable Renovation is now defined as follows:
“A process of conception and works in order to transform an existing building to fulfil the requirements of protecting the environment and the health of its users and taking into account the social and societal needs while achieving economic viability.”
Currently, ETECH is
working together with its partner organisations within and
outside the North West European Cluster for developing
sector-specific common indicators and standards that will have
widespread acceptance. The pilot projects in Ashford, Brussels,
Val Maubee and Zoetermeer are also offering excellent
opportunity to ensure that practical aspects are fully taken in
to account while developing the definitions, criteria,
indicators and standards which will have transnational
recognition.
This action will set the basis for further development of
sustainable renovation sector and of green markets in general
within the North West European Region.
GSFN is a membership-based global initiative under the auspices of the World Federation of Development Financing Institutions (WFDFI) and co-organised by ETECH Germany and its partner ADFIAP. This network brings together financial institutions and other stakeholders committed to the advancement of sustainable finance.



