Invest
Environmental impact assessment
Investors must carry out an environmental impact assessment where national environmental law and the NIB Act require one, so that economic growth does not come at the cost of the environment.
When an assessment is needed
- Large infrastructure, energy and mining projects
- Projects in environmentally sensitive areas
- Industrial activities that could pollute
- Projects that involve hazardous materials
Steps to comply
Project brief
Submit a brief of the project to the Environmental Protection Agency.
Assessment
Carry out an Environmental and Social Impact Assessment.
Consultation
Hold public consultations and talk to the people affected.
Review
Submit the report for review by the Agency and NIB.
Approval
Receive approval before the project starts.
What NIB does
NIB coordinates with the Environmental Protection Agency and guides investors through the process. It can also help speed up assessments for strategic projects.
Failing to comply can lead to suspension of a project, fines and withdrawal of investment approvals.
What investors gain
- A good reputation
- Access to green finance and international partnerships
- Efficient operation over the long term
- Alignment with global environmental, social and governance standards