Managing Nature-Related Risks and Impacts

In a 2019 global biodiversity assessment report, the Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES) reported that across much of the globe, nature has been significantly altered by human activity. The report defined five categories of impact drivers that contribute to biodiversity loss, including land and sea-use change, resource use, pollution, invasive species and climate change.

Following the IPBES report, the Global Biodiversity Framework was adopted at the 2022 United Nations Biodiversity Conference of the Parties to the U.N. Convention on Biological Diversity (COP15). The seminal framework establishes key global country-level goals and targets related to nature. Additionally, we recognize that the Taskforce on Nature-related Financial Disclosure (TNFD) is developing a disclosure framework for nature-related risks that reflects the expectations.

Governance

Oversight of nature-related risk management.

Strategy

How our activities and operations directly or indirectly impact nature.

Risk and Impact Management

Assessing nature-related risks for operated assets and projects.

External Collaboration and Engagement

Collaborating with local, regional and international stakeholders.

Managing Biodiversity-Related Risks and Impacts

Understanding and mitigating impact.

Proactive Conservation

Voluntary efforts to conserve or restore biodiversity and habitats

Managing Water-Related Risks

Managing water risks.

Performance Metrics

Data and information related to water and biodiversity risk management.