This team of system analysis researchers at Bio4Energy made the IVA 100 List for Sustainable Competitiveness 2020, with their scheme Developing Sustainability Metrics for Innovative Business. From left: Kavitha Shanmugam, Mats Tysklind, Krishna Upadhyayula and Dalia Abdelfattah.Bio4Energy’s work on developing sustainability metrics for innovative business has been acknowledged by the Royal Swedish Academy of Engineering Sciences (IVA), on its 100 List for Sustainable Competitiveness 2020.
The scheme entails four steps, in which the system analysis researchers start by examining an innovation’s environmental and competitiveness credentials using life-cycle assessment and cost-benefit analysis and end by offering easy-to-use indicators, based on which investors can make their decision to invest or not.
The IVA 100 List for Sustainable Competitiveness 2020 highlights academic research that “has a bearing on sustainability, in technical or economics sciences, which can create value for business or society in terms of knowledge, processes, products or business development”.
“We published a [scientific article] in 2018 that talks about how to make the sustainable decision-making process easy—or rather the financial decision-making process easy—for investors, venture capitalists and industries, to bring right and sustainable technologies to the market”, said Upadhyayula, who is an assistant professor at UmU.