mixed picture on biodiversityJuly 2004
Only four of 22 major international extractive companies have made a public commitment to specific goals and targets on biodiversity, an investor study has shown.
The benchmarking exercise by UK-based Insight Investment, the asset manager of HBOS bank, also found that only half had integrated biodiversity considerations into site management plans.
However, Kerry ten Kate, director of investor responsibility at Insight, claimed the study generally showed that a number of companies ‘have made great strides’ in managing biodiversity risk. She said the majority of those studied now had some form of company-wide policy or strategy to mitigate the impact of their business on particular habitats and species, even though these were often ‘vague’.
Insight concluded that Anglo American, BG Group, BP, BHP Billiton, Rio Tinto, RMC, Severn Trent, Shell and United Utilities were ‘active and engaged’ in this area, while the worst performers were Antofagasta, Aquarius Platinum, Soco, and Tullow – all deemed to be at an ‘early’ stage.
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