Business management and human life in our society is founded on the ecosystem services—a multitude of nature’s blessings provided by our natural capital, including soil, air, water, and animals and plants. It is important to preserve biodiversity to continuously receive blessings from this natural capital towards the future; however, this biodiversity has been declining at an unprecedented speed and scale.
Contributions by private companies to the Aichi Biodiversity Targets adopted by the 10th Conference of the Parties (COP 10) and to the United Nations Sustainable Development Goals (SDGs) have also been required. In the Sharm El-Sheikh Declaration of COP 14, held in November 2018, “Mainstreaming of biodiversity in the energy and mining, infrastructure, manufacturing and processing sectors industries” was adopted. Aiming to properly understand effects of our business activities on biodiversity, and to contribute to its conservation, we have promoted the activities, collaborating with local governments, environmental conservation NGOs, and relevant professional institutions. Concretely, we have focused on the three key areas of land use, procurement, and products, in order to promote biodiversity conservation activities incorporated into our businesses. In promoting the key areas, we formulate a biodiversity action plan (BAP), which is the basic concept of Article 6 of the Convention on Biological Diversity, and implement measures, check the achievement progress, and improve the initiatives accordingly.