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If yes, for these biodiversity-sensitive areas, have appropriate assessment been conducted and based on its conclusions the necessary mitigation measures were implemented.

April 25, 2024

Biodiversity is crucial for ecosystem stability and businesses have a responsibility to assess their impact on biodiversity-sensitive areas. Appropriate assessments are essential to evaluate potential impacts and develop mitigation strategies. Businesses can refer to guidelines from organizations like UNESCO and EDF for conducting assessments. Consulting stakeholders and indigenous communities is important during the assessment process. Mitigation measures include altering project designs and supporting biodiversity conservation. The OECD Due Diligence Guidance provides guidance for implementing these measures. Continuous monitoring is necessary to ensure effectiveness. These efforts contribute to responsible environmental stewardship and can improve ESG scores and stakeholder trust.
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