What are we talking about?
An investment project well integrated into its environment is a project which creates quality jobs that benefit local population, takes advantage of partnership, co-contracting and subcontracting opportunities with local companies, encourages the development of complementary activities such as recycling, strengthens the industrial fabric and integrates the regional chain value to the maximum.
Why is a well locally integrated project more profitable and more sustainable?
A project well integrated into is environment enables not only to save money but also to gain efficiency and reinforce sustainability:
- Using local labour and local services usually helps reducing costs, enhancing local skills and fostering a better acceptance of the project by neighbouring populations.
- Buying local raw materials allows better quality control, reduction of procurement times, reduction of inventory, and stimulates local economy.
- A project which takes into account the views of all interested parties (employees, neighbours, civil society) is better accepted, enables defusing conflicts and strengthens the commitment and motivation of employees. Good relations with local and regional authorities further allow preventing a certain number of crises.
- A positive evaluation in terms of local impacts can facilitate fundraising: a project which respects workers, consumers, neighbours and environment draws interest and facilitates the support of local authorities and donors.
- In some sectors, good local integration can foster international recognition of the brand.
- Respect for the environment and control of environmental risks are also drivers of economic efficiency in the medium-term.
How to evaluate and improve the local impacts of a project?
The toolkit developed by the EDILE project proposes a methodology to evaluate the performance of a project and provides pointers for action in order to improve the local impacts of a project according to 70 criteria dealing with economy, social, environment and community.
Please follow the following links to find out more with the training documents used during the regional exchange sessions: