Principle
The developer has sound corporate business structures, policies and practices; addresses transparency, integrity and accountability issues; can manage external governance issues (e.g. institutional capacity shortfalls, political risks including transboundary issues, public sector corruption risks); can ensure compliance; and procurement processes are equitable, transparent and accountable.
Scope
Corporate and external governance considerations for the project, and all project-related procurement including works, goods and services.
Certifying project performance
HS Standard performance requirements are based on the definitions of good and best international industry practice. There are two levels of performance requirements: minimum requirements to achieve certification (equivalent to good practice) and advanced requirements for additional recognition (equivalent to best practice).
The performance requirements are presented criteria-by-criteria for each project life cycle stage.