Page 151 - 1-37

TRANSFORMING TRANSFORMING TRANSFORMING
SUSTAINABILITY REPORT FY 2023 COMMUNITIES THE PLANET THE WORKPLACE

The TNFD framework is spread across these As a part of our NNL commitment, we have Our targets as change drivers
three phases. updated Biodiversity Management Plans (BMP)
to identify impact-based risks to biodiversity. By 2024 By 2025 By 2030
We apply the UN Environment Programme's
Integrated Biodiversity Assessment Tool Tools like IBAT or STAR are used to identify
(IBAT) or Species Threat Abatement and priority sites where Nature-business interfaces • Finalise actions and • These initiatives • Undertaken to
Restoration (STAR) metric to screen for risk, occur, and to also mark out of other sensitive timelines to reach the would plant 7 million
identify priority sites where Nature and habitats, important bird areas and key No Net Loss state contribute to trees as a part of
business interface, followed by site-specific biodiversity hot spots. This information is then • Kickstart relevant the national goal the World
assessments to identify sensitive habitats, used in the BMP design. Standard actions are actions that will lead of increasing Economic
important bird areas and key biodiversity hot then aligned as per the mitigation hierarchy. At to the achievement of green cover, and Forum's '1 trillion
spots. The results that emerge from such the first level, operations aim for avoidance and this goal foster the the trees' campaign.
extensive risk screening activities and minimization of impacts to biodiversity and UN decade
assessments are used for updating ecosystems, planned eco-restoration • Take action to (2021–2030) on
Biodiversity Management Plans (BMPs) for all interventions in areas of impact, and balancing mitigate operational ecosystem
our main sites. of any remaining impacts by designing impacts on restoration.
biodiversity conservation projects (or offsets). biodiversity
Vedanta actively participates in the India Finally, the aim is to go beyond NNL through the
Business & Biodiversity Initiative. HZL implementation of measures to conserve and • Compensate for
engages in IUCN's Leaders for Nature restore biodiversity elsewhere, and to claim biodiversity impacts
programme, while Zinc International works these as offsets, ensuring overall positive of our operations by
with IUCN to ensure strict adherence to the biodiversity impact for our operations. This is implementing
No Net Loss principles at Gamsberg, the crux of our roadmap for achieve Net comprehensive
situated within the Karoo Biosphere Reserve Positive Impact. ecological restoration
in South Africa. programme

Our Commitment
Base-lining biodiversity and preparing for
NNL/NPI • Committed to achieving No-Net
Loss at our project operations by See appendix for our IUCN red list
To systematically address the issue of
biodiversity conservation and long-term implementing the mitigation
rehabilitation and reinstatement of our hierarchy of avoiding, minimising,
mines, it is very important to have a baseline and restoring the direct impacts
reference of biodiversity conditions. This and offsetting the residual impacts.
was accomplished this year, with the
establishment of the biodiversity baseline • Achieving Net Positive Impact for
for our sites. This has helped us understand those sites that are designated as
the impact of our operations on biodiversity Critical Habitats.
and determine the nature of actions to be
taken to achieve No Net Loss (NNL)/Net • Committed to including a
Positive Impact (NPI) over the long term. nature-based solution approach in
decision-making.

76