Strategy and risk
When there is a true commitment to sustainability throughout the project lifecycle, everybody wins.
Developers, operators and financiers are encountering complex social and environmental challenges in the development and operation of power and water infrastructure, with an increased focus on achieving sustainability throughout the full project cycle.
Sustainable development is development that meets the needs of the present without compromising the ability of future generations to meet their own needs. It requires a transparent, inclusive and accountable balance and compromise between economic, environmental and social values, taking advantage of expanding knowledge, multiple perspectives and innovation.
Developers and developments, especially in emerging nations, are coming under increased scrutiny when applying for funding from international financing organisations to consider environmental and social sustainability as a prerequisite for project financing.
Whether driven by the need to access funding, gain surety for investment or achieve world-class sustainability standards, the requirement is greater than ever to demonstrate a true commitment to sustainable development and operation.
Numerous international bodies have developed guidelines and standards to ensure new developments are undertaken in an environmentally and socially responsible manner while attaining commercial outcomes.
Our commitment to sustainability has put us at the forefront of the development of guidelines for industry bodies such as the International Hydropower Association, where Hydro Tasmania was a driving force behind the Hydropower Sustainability Assessment Protocol and, with Entura, has delivered protocol assessments around the world.
Entura was also involved in developing sustainability guidelines for the World Wind Association and contributed to development of the Rapid Basin-wide Hydropower Sustainability Assessment Tool (RSAT) in the Mekong region.
Our services include:
- sustainability scanning against international frameworks and guidelines such as
- Hydropower Sustainability Assessment Protocol
- Rapid Basin-wide Hydropower Sustainability Assessment Tool
- International Finance Corporation Performance Standards
- World Commission on Dams
- accredited assessment against the Hydropower Sustainability Assessment Protocol
- expert advice and capability building.