In 2019 investLogan, developed a Community Benefit Assessment Framework (CBAF) to guide our developments and inform the industry, both locally and nationally.
Working with development consultants Urbis, the CBAF identifies key benchmarks for assessing community impacts and quantifying benefits. The CBAF was developed to ensure we meet our obligations of our constitution which requires us to deliver benefit to the community through our investments.
The CBAF assesses benefits across five elements: economic and employment benefits, character and place, community services and facilities, community access and participation and accessibility and inclusion. A full assessment involves identifying benefits within these elements and adjusting for their likelihood, which yields an assessment of the total positive impact of a development on the community.