Contextualizing the Environmental, Societal and Governance (ESG) ethos for delivery of Megaprojects

Project Team

Nathalie Drouin, Chairholder of Research INFRA-S, ESG UQAM

Shankar Sankaran, University of Technology Sydney, Australia

Stewart Clegg, University of Sydney, Australia

Ganesh Devcar, CEPT University, India

Ralf Müller, BI Norwegian BUsiness School, Norway

Leila M. Naemi, PhD student, University ofTechnology Sydney, Australia

Guillaume Saint-Julien, Student, Master Degree in Project Management , Chair INFRA-S, ESG UQAM

Aim

The aim of this research is to investigate the extent to which megaprojects have aligned to ESG (Environmental, Social and Governance) principles and to study how can the execution / delivery processes of megaprojects aligned with ESG principles?

As these projects have a long-term impact on society and the environment, it is becoming increasingly important that they embrace ESG principles.‘Environmental, social and governance (ESG) is a set of standards for how a company operates in regard to the planet and its people. ESG is important because socially conscious investors now use ESG criteria to screen potential investments. Environmental criteria examine how a company performs as a steward of the planet. Social criteria examine how a company manages relationships with employees, suppliers, customers, and the communities where it operates. Governance defines a set of rules and best practices, along with a series of processes that determine how an organisation is managed and controlled. (https://www.thecorporategovernanceinstitute.com/insights/news-analysis/what-is-esg-and-why-is-it-important/)

Objectives

1.Define and contextualize what ESG principles mean to respondents;

2. Establish the current state of development, alignment and integration of ESG principles in the delivery of megaprojects for each respondent;

3. Identify related issues;

4. Identify the factors that facilitate or hinder the alignment and integration of ESG principles in the delivery of megaprojects;

5. Identify possible solutions and levers of action to improve the current situation.