Infrastructure Australia have released their Sustainability Principles, which explain Infrastructure Australia’s approach to sustainability and how sustainability informs their work program.
The Principles address four components of sustainability: social, economic, environmental and governance. These principles will inform IA’s upcoming work:
- The upcoming 2021 Australian Infrastructure Plan will outline practical and implementable sustainability reforms. These reforms have been informed by close consultation, collaboration and partnerships with industry, peak bodies, governments and the community. Sustainability is a cross-cutting theme that is considered in each chapter of the 2021 Plan.
- As a national investment pipeline, the Infrastructure Priority List can promote sustainable outcomes by identifying and then endorsing sustainable investment. Capitalising on IA’s national perspective, the 2021 Priority List put front and centre the need for investment in new energy sources and water security.
- The next iteration of the Assessment Framework will provide advice on how IA assess sustainability and how proponents can consider it in their proposal development.
More information here