Our future strongly depends on biodiversity and healthy ecosystems. In recent decades, the world is experiencing biodiversity loss and ecosystem degradation due to rapid demographic changes, over-consumption, and climate change.
At F&N, we recognise the importance of scaling up our efforts to protect biodiversity and natural ecosystems for sustainable development. We aim to protect biodiversity and ecosystems through the following commitments:
- Avoid deforestation in our supply chain.
- Avoid operating and developing in close proximity to nationally, or internationally recognised areas of high biodiversity value, including World Heritage areas, International Union for Conservation of Nature (IUCN) Category I-IV protected areas, RAMSAR Sites and key biodiversity areas.
- In any circumstance where our production sites or a proposed project is located within, or depend upon, areas of high biodiversity value. We will apply the following mitigation hierarchy:
- Avoid operating and developing in areas of high biodiversity value.
Implement measures/initiatives to monitor and minimise the impacts on biodiversity from our operations.
Seek to restore/rehabilitate areas where impacts cannot be prevented.
Consider biodiversity compensation/offsets measures, where there is residual impact.
- In managing potential biodiversity risk, we will engage with necessary stakeholders, including local authorities and the community in close proximity, to ensure the appropriate mitigation strategy is developed to minimise impacts to as low as reasonably possible. We are also committed to collaborating with external partners such as biodiversity experts to support our biodiversity assessment and management process.
F&NHB shall ensure group-wide compliance with the biodiversity commitments through monitoring systems as part of the company’s environmental policy. We encourage our suppliers and business partners to commit to protecting the biodiversity and ecosystems in their operations through our Codes and Business Practices and Sustainable Agriculture Guideline.