RACER® is the innovative design, investment, and operational philosophy relied on for all project development efforts
Rational – economically rational
All-Inclusive – seek to reduce environmental impact upstream and downstream of our assets
Continuous – effort to reduce environmental and social impact continues beyond project delivery into the future
Environmental Impact – encompassing scarce resources, water & air quality, and carbon footprint.
Reduction – reduce the impact on the planet for current and future generations
The RACER® framework is holistic and not limited to typical value engineering but captures environmental impact value that can be quantified
Fidelis utilizes the RACER® framework to screen and select highly attractive industries and design differentiated projects
Fidelis then utilizes its proprietary RACER® framework to optimize the synergistic assets by taking environmental impact and traditional economic project values into account through the development, delivery, and operations of assets
The RACER® framework therefore enables Fidelis to capture environmental impact related NPV utilizing project selection, scoping, and financial and project risk/reward optimization considering all factors of a project
In addition, Fidelis has developed a complementary RACER® framework specifically for positive community impact that aims to drive positive impacts for all stakeholders across the project lifecycle using a data-driven and holistic approach beyond traditionally promoted metrics.
Rational – taking the long-term benefits, rewards, and risks into account
All-Inclusive – considering impacts for all stakeholders and communities
Continuous – commitment to improvement and impact continues beyond project delivery into the future
Equitable – assisting equality in the provision of effective opportunity to all groups
Ramp – creating a path to uplift disadvantaged individuals, communities, and businesses