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ARTICLE · 18 AUGUST 2023

ESG and the successful delivery of major projects: key considerations for project proponents

Corrs Chambers Westgarth
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ESG matters that should be carefully considered at each of the various stages of a major project.

AustraliaReal Estate and Construction
Andrew Stephenson
Andrew Stephenson
Phoebe Wynn-Pope
Phoebe Wynn-Pope
Louise Camenzuli
Louise Camenzuli
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The development of any successful major project goes through several stages.

Many proposed projects fail at an early stage, usually because they are not economically viable. Others pass through these stages yet fail to achieve their economic objectives, including failing to properly take account of environmental, social and governance (ESG) matters.

The various stages of a project include:

  1. Acquiring the title or rights which underpin the project.

  2. Obtaining environmental and planning approval.

  3. Capital raising.

  4. Conducting further due diligence on the project's viability, including considerations associated with project finance.

  5. Obtaining final approvals for the project, including all environmental, development and construction approvals.

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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