Risk management of a construction developer in the context of sustainable development

Relevance of the research topic. Construction development is a strategic economic sector playinga key role in shaping urban environments, infrastructure, and investment attractiveness of regions.High risks related to regulatory changes, financial fluctuations, and environmental requirementsnecessitate a comprehensive risk management approach.Problem statement. Modern trends in construction development require the integration ofsustainability principles that combine economic efficiency, environmental responsibility, and socialequity. The main challenge is balancing project profitability with long–term sustainability.Research aim and objectives. The aim of this study is to analyze key aspects of constructiondevelopment and risk management within the context of sustainable development. The objectivesinclude classifying development projects, identifying key risks, and proposing risk mitigation strategies.Research methods. The study employs theoretical analysis, literature systematization, comparativeanalysis of risk management approaches, and scenario modeling of risk factors’ impact.Research findings. The study identifies major types of construction development projects and thespecific risks associated with them. It substantiates the need to integrate environmental standardsand ESG principles into the business models of development companies. The study proposes the use ofBuilding Information Modeling (BIM), financial forecasting, and public–private partnerships as effectiverisk management tools.Application of results. The findings can be applied by development companies, government agencies,and academic institutions to improve construction project management practices and reduce risks.Conclusions. Sustainable construction development requires comprehensive risk managementfocusing on financial, regulatory, and environmental planning. The integration of digital technologies andESG standards enhances the resilience of development projects and facilitates their successfulimplementation.