Oxford Global Projects UK Limited
Climate Impact & Sustainability Data (October/2023)
Reporting Period: October/2023
Environmental Metrics
ESG Focus Areas
- Anticorruption
- Infrastructure
- Public works
- Transport Sector
Governance Achievements
- Developed a Practical Report with parameters for the application of the Reference Class Forecasting (RCF) method for Brazilian road and railway works
Climate Goals & Targets
Environmental Challenges
- Lack of high-level project characteristics in the Brazilian data (e.g., number of lanes/tracks, urban/rural construction, greenfield/brownfield construction side, etc.)
- Different data foundation between the datasets (Brazilian data at contract level, OGP data at project level)
- Brazilian legislation dictates that government infrastructure contracts must be ended if they exceed their intended cost by 25%
- Systematic issues of both transparency and detail in the Brazilian datasets (grouped by contract and not project)
Mitigation Strategies
- Consolidated contracts in the Brazilian railway sample into projects by location
- Used international data for benchmarking and reference class forecasting