Now that the government is setting up guidelines for truth in green advertising, more people are asking about Sustainable Product Standards and how are they developed. Below is a snapshot of what went into the development of SMaRT.
2000
Charter Members: http://mts.sustainableproducts.com/members.htm
2001
2002
- Sustainable Products Education Event conducted in Vancouver, Canada sponsored by governments of Canada resulting in execution of LEED License Agreement with Canada
2003
- SMaRT Textile Standard 2.0 Approved
2004
- California adopts SMaRT
- SMaRT Flooring Standard approved
2005
- Green Building Finance Summit conducted in New York City with $100B in real estate investment represented, concluding that green buildings are more valuable than conventional based on debt & equity sessions and case studies
- American Institute of Architects adopts SMaRT & consensus Climate Neutral Building Standard to reduce 60% of conventional energy use in buildings by 2015
2006
- Green Building Industry Value Rating System completed with investment banks and transmitted by Citi to S&P recommending that green buildings be commercialized
- Meeting with S&P initiated Investor Survey
- Completed legal opinion that capital markets must accurately reflect climate credit risk
2007
- SMaRT Building Product Standard approved covering 80% of all products (excludes planes & vehicles)
- Whole System Integrative Design Standard for Buildings & Communities approved as ANSI Standard
- Sustainable Products Standards Evaluation Criteria Developed
- LCA & Sustainable Products Standards Education Launched & 200 Educators certified & 10 Train the Trainers
- Certified Sustainable Products Marketing Sheet Developed
- SMaRT adopted for LEED credit
- SMaRT Education Partnership Launched
- SMaRT approved as US Green Building Council Education Provider Program
- Consumer Education Program Launched
- Sustainable Furniture Council Adopts SMaRT
- Sustainable Investment Standards 2.0(c) approved by investment banks
- Capital Markets Partnership Launched by California Treasurer Bill Lockyer & Bank of America
- Investor Survey 2.0 completed
2008
- Fireman's Fund Insurance Co. adopts SMaRT for underwriting manufacturer insurance
- Creating Economic Stimulus & Stopping Climate Credit Risk(c) Report completed Capital Markets Partnership peer review & published
- Published Sustainable Investment Market Brief (c)
- Sustainable Products Blog Launched
- City of Santa Monica adopts SMaRT Purchasing Program
- Green Building Underwriting Standards launched at JPMorgan Chase in New York City
- US Conference of Mayors adopts Resolution supporting Capital Markets Partnership's Sustainable Investment Initiative
- Investor Survey 3.0 completed covering over $1 trillion in investment
- Capital Markets Briefing Paper completed for top management documenting Wall Street due diligence that green buildings are more valuable than conventional
We welcome your comments below or email Mike@SustainableProducts.com
Hello Meryn - using a wiki would have been a great way to inform everyone, but at the time of development mass email was the lowest tech denominator for participants. You can find info on the approved standard at http://mts.sustainableproducts.com/smartstandards.html.
You’re right, it should have a name. I posted it, but Mike Italiano wrote up the summary. I was running a little fast that day. I'll add his banner head.
Posted by: Mary | July 15, 2008 at 11:38 AM
Since you're going the "open" way, I'd truly love to see discussion around this standards in public. Much like the Wikipedia talk pages. Not only will make this outside participation easier (for example, from a stranger from abroad), but this will help also help you bringing more credibility to the standards, because everyone can see how the consensus was formed.
BTW: Are you Mary Hunt? I'd like to see the author of each post here. I think you should try editing the blog template to include it.
Posted by: Meryn Stol | July 15, 2008 at 07:50 AM