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Using the Framework for Integrated Sustainability Assessment (FISA) to expand the Multiregional Input–Output analysis to account for the three pillars of sustainability

Author

Listed:
  • Irene Rodríguez-Serrano

    (CIEMAT Technical, Environmental and Energy Research Centre (Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas))

  • Natalia Caldés

    (CIEMAT Technical, Environmental and Energy Research Centre (Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas))

  • Cristina Rúa

    (CIEMAT Technical, Environmental and Energy Research Centre (Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas))

  • Yolanda Lechón

    (CIEMAT Technical, Environmental and Energy Research Centre (Centro de Investigaciones Energéticas, Medioambientales y Tecnológicas))

  • Alberto Garrido

    (Universidad Politécnica de Madrid)

Abstract

Decision makers interested in promoting sustainable development must simultaneously consider the environmental, economic and social implications of any action. This article proposes the Framework for Integrated Sustainability Assessment (FISA), a methodological framework for conducting a sustainability impact assessment of any investment project. Based on a Multiregional Input–Output (MRIO) framework, FISA links the extended MRIO results with social risk data from the Social Hotspots Database (SHDB) in order to integrate the social with the environmental and economic pillars. Resulting impacts are simultaneously considered and reported by means of FISA charts, making it possible to assess the different impacts within the three sustainability pillars across countries involved in the whole supply chain of investment projects. This methodological framework can be applied not only to compare the sustainability impacts of two alternative projects, but also to derive specific recommendations aimed at minimizing the harmful social, environmental and economic effects along the whole project supply chain.

Suggested Citation

  • Irene Rodríguez-Serrano & Natalia Caldés & Cristina Rúa & Yolanda Lechón & Alberto Garrido, 2017. "Using the Framework for Integrated Sustainability Assessment (FISA) to expand the Multiregional Input–Output analysis to account for the three pillars of sustainability," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 19(5), pages 1981-1997, October.
    • Handle: RePEc:spr:endesu:v:19:y:2017:i:5:d:10.1007_s10668-016-9839-y
    DOI: 10.1007/s10668-016-9839-y
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