“In the recent publication, the committee reviewed
several proposals aimed at improving urban
sustainability. While the majority favored the initiative
led by the Green Future Foundation, it was the
economic feasibility report submitted by the
independent consultants that ultimately influenced
their decision. Despite some reservations, the board
members acknowledged that it was comprehensive
and thoroughly researched, lending credibility to the
project”.
In the sentence “Despite some reservations, the
board members acknowledged that it was
comprehensive and thoroughly researched, lending
credibility to the project”, the pronoun “it” most
logically refers to: