Open Designer, open approval task.
In description field add the following, remove the ID with the ProjectUID variable.
Hold Ctrl and click the link to open <a href="http://servername/Lists/Initiative/InitiativeView.aspx?ID=[%Current Item:ID%]">[%Current Item:Initiative%]</a>
This will show up as link when user opens workflows task for approval.
End result would be as follows:
Remember, to open the link, we need to hold press CTRL and then left mouse click.