Biodiversity Impacts and Dependencies
Asia Cement follows the LEAP approach recommended by the Taskforce on Nature-related Financial Disclosures (TNFD) to identify and assess nature-related risks and opportunities. Following cross-departmental discussions and analysis, the Company identified 10 significant nature-related risks and 12 nature-related opportunities as a basis for forward-looking risk management and resource allocation. It has developed specific management strategies for the risks and planned and implemented actions in response to the opportunities, demonstrating its commitment to addressing natural capital issues.
Biodiversity Risk Assessment
Using the Integrated Biodiversity Assessment Tool (IBAT), Asia Cement assesses biodiversity risks across its operations and adjacent areas. Its risk management process covers the identification and assessment of risks and opportunities, analysis of financial impacts and significant risks and opportunities, response measures, and cost estimates.
- Key risk: Physical risk, primarily adverse impacts on natural ecosystems.
- Key biodiversity opportunity: Ecosystem protection, restoration, and regeneration.
Local Community Consultation and Communication
To address local communities’ concerns about mine safety and care for local residents, Asia Cement established a service center near the mine in June 2018. Residents can raise questions or requests directly with Asia Cement without going through intermediaries. Company personnel also arrange household visits and provide timely communication or assistance to residents who are unable to visit the center.
