Firms and Cities Transition towards Sustainability

Firms and Cities Transition towards Sustainability (FACTS)

Firms and Cities Transition towards Sustainability (FACTS) is a research program aimed at understanding and interpreting the current societal changes in response to the challenge of sustainability. It relies on scientifically grounded quantitative and qualitative approaches to answer key questions concerning the transition to a low-carbon and sustainable future. To this end, it will focus on the most prominent actors in this transition: firms and cities.

Firms hold a key role in addressing the challenges of climate change. In the coming years, firms that will respond to their stakeholders and define a clear position on values, sustainability, and climate resiliency and adaptation will better navigate the evolving risks and opportunities posed by the low carbon transition. Customers are rewarding firms for their commitment to sustainability, governments are enforcing the objectives of the Paris Agreement, and investors are demanding climate-risk disclosure. Businesses that are capable of innovating and seizing the opportunities derived from the low-carbon transition will be those that secure a sustainable future.

Cities are home to most of the world’s population and through their dynamism are engines of social development and economic growth. However, they are already responsible for a significant share of carbon emissions and their demand for energy continues to grow. As the world attempts to promote a more efficient use of energy resource and deliver global climate targets, it is pivotal that cities take a leading stand in the energy transition.

The activities of the FACTS program concern two specific areas of interest.

Econometric Analysis of Firms’ Climate Risks. Activities in this area aim at stimulating a debate on the importance of assessing and disclosing climate-related risks and opportunities as well as providing sound empirical evidence about how financial markets capitalize climate-related risks disclosure.

Spatial Modeling & Urban Sustainability. Activities in this area are characterised by the use of spatial statistical models and geographical information to understand the complex interactions between socio-economic, climatic and environmental changes and how these interactions contribute to shape sustainable development patterns at the urban level.

Ongoing Projects
Research project Ongoing Project
January 2019 / December 2025
FEEM@Iuav | EPiC - Earth and Polis Research Center

Cities Under Pressure (CitUP)
Research project Ongoing Project
January 2019 / December 2025
Cities Under Pressure (CitUP)
Research Programme and Team

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