Biodiversity Conservation
Targets
Performance
Biodiversity Loss is one of the three global environmental crises, alongside climate change and pollution. The World Wildlife Fund (WWF) reports that between 1970 and 2016, global biodiversity has alarmingly declined.
Mammals, birds, reptiles, amphibians, and fish have decreased by up to two-thirds*. During the 15th Conference of the Parties to the Convention on Biological Diversity (CBD COP 15), the Kunming-Montreal Global Biodiversity Framework was endorsed. This framework serves as a roadmap for state and private sector policies for the conservation and sustainable use of biodiversity.
The Company has conducted its business under the Kunming-Montreal Framework, working to preserve biodiversity and ecosystems, control and prevent the invasion of alien species, avoid deforestation, and promote forest restoration. Additionally, the Company has set targets to source key raw materials that are deforestation-free to protect biodiversity and ecosystems throughout the supply chain.
*GCNT News, 14 October 2022, https://globalcompact-th.com/news/detail/1165
Management Approach
The Company is committed to biodiversity conservation by establishing clear policies and targets against deforestation throughout the supply chain, as well as the conservation of natural resources and ecosystems. This is complemented by the assessment of impacts and dependencies on natural resources throughout the supply chain, including the screening of biodiversity risks associated with the Company’s operations to establish appropriate mitigation measures in accordance with the Mitigation Hierarchy. In addition, the Company promotes collaboration with both internal and external stakeholders to support the balance and long-term sustainability of natural resources.
