Sustainable project realization has become a key aspect for planning and realizing large-scale infrastructure projects. Laws, international conventions, bank standards, and corporate principles demand that the potential negative impacts of a project are identified, addressed, and adequately mitigated.
In order to ensure the environmental and social compatibility of a project, an Environmental and Social Impact Assessment (ESIA) is undertaken to evaluate the potential impacts of a planned project on its physical, biological, and social environment. An ESIA also develops mitigation measures to avoid, reduce, or compensate for these impacts. This assessment is an integral part of a project and provides support to decision makers during project planning.
An appropriate impact assessment assures compliance with legal and lender requirements. It also leads to improved corporate reputation, compliance with corporate ethical standards, and more cost-efficient project realization due to reduced non-technical risks. In this context, stakeholder engagement is integral to achieving acceptable results for all involved parties, thereby promoting good corporate citizenship.
The companies of the Astrolynx Group: