Conservation and Restoration of Nature
GRI 2-22 / 3-2 / 3-3
Background
Economic activities are causing a loss of natural capital and biodiversity, as demonstrated by the rapid increase in extinction rates of species. It is necessary to aim to curb the loss of nature, restore it, and enhance its richness globally.
Strategies
The SMM Group recognizes that its business activities, which include resource development and smelting, are dependent on nature. With this recognition, we will seek to identify and respond to nature-related risks and opportunities in the hope of avoiding or minimizing the adverse impacts of our business activities on nature.
In particular, we will take preemptive action to ensure that we do not cause any serious environmental accidents that could result in the loss of nature, such as accidents involving tailings dams or mining development.
KPI/Target/Result
| KPI | Reporting boundary |
Target (FY2030) | FY2024 results |
|---|---|---|---|
| Identification, management, and disclosure of nature-related risks and opportunities | SMM Group | By the end of FY2026: Addressing priority locations for our group businesses By the end of FY2030: Addressing the material value chain |
Organization of nature-related information Establishment the Sumitomo Metal Mining Group's Nature Policy |
| Prevention of significant environmental accidents | SMM Group |
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