Biodiversity and ecosystems
The severity of the ongoing decline in nature and biodiversity should not be underestimated and as a global company we have a responsibility to understand and limit potential negative impact.
Biodiversity is on our agenda. Our SHEQ policy was updated in 2022 to include a commitment to preserve biodiversity. In 2023, we established an internal biodiversity network with representatives from Group and all four business areas. The purpose is to build internal competence, monitor the development within the area and guide the organization in biodiversity-related issues going forward.
During 2023, we also conducted an initial analysis to identify if any of our own sites, or those of our significant suppliers, are located in or near biodiversity sensitive areas. In terms of impact, our current assessment is that we mainly have an indirect impact through our supply chain and our emissions of greenhouse gases. As climate change is a key driver of biodiversity loss, we believe that this impact is currently addressed through our science-based targets. The assessment to better understand impact and risks will continue in 2024.
