Urban Renewal Authority 2018-19 Annual Report

36 OPERATING REVIEW The study has resulted in a preliminary sustainability framework with five key domains, namely Economy, Environment, Society, Process and People, with some key performance indicators for evaluating the URA’s work. The application of the preliminary sustainability framework is being tested with a number of applied cases. Sustainability Study In line with the URS which requires the urban renewal process to be forward-looking and to create sustainable, positive impacts for the community, the URA commenced a strategic sustainability study in June 2017 with a goal to establish a systematic framework comprising a set of indicators as the basis for measuring and tracking the impacts of “5R” projects within the community, and to help set objectives in line with sustainable business strategies. to ensure the urban renewal process addresses relevant sustainability challenges for creating an innovative, sustainable and resilient urban renewal plan for the well-being of the community Objectives: E c o n o m y E n v i r o n m e n t S o c i e t y P r o c e s s Activity & Output/ Objective Outcomes People Inputs Activity & Outputs Objective Outcomes Subjective Outcomes