Recognizing the critical importance of biodiversity protection, we have developed this policy by referring to the Convention on Biological Diversity adopted by the international community under the leadership of the United Nations Environment Programme (UNEP) and Guidelines for Applying Protected Area Management Categories.
Our Biodiversity Protection Policy applies to all our business sites and employees and is recommended to local communities, customers, and suppliers. The direction and objectives of this policy, along with its implementation, will be deliberated within the ESG Working Group, comprising executives responsible for ESG matters. We are committed to ensuring responsible governance by consistently managing and overseeing biodiversity concerns.
Biodiversity Impact Assessment
HD Hyundai Oilbank operates a process for identifying and assessing nature- and biodiversity-related dependencies, impacts, risks, and opportunities (DIROs) in accordance with the recommendations of the Taskforce on Nature-related Financial Disclosures (TNFD) and the LEAP (Locate-Evaluate-Assess-Prepare) approach. The Company systematically identifies nature-related issues that may arise across its own operations, business sites,
and value chain in line with the LEAP approach, and prioritizes them by selecting key risks and opportunities through materiality assessments.
Biodiversity Conservation Activities
HD Hyundai Oilbank is carrying out various activities to conserve biodiversity and protect local ecosystems.
- MOU with Seongnam City for Mutual Cooperation in ESG Environment Field
- Contributing to the Population of Flying Squirrels
- A hands-on invasive alien species removal activity that contributes to creating a safe habitat for native species
