There is a risk that a third party might harm the environment and contribute to climate change. This could happen if they do not have proper plans for managing environmental risks and making continuous improvements. Such actions could lead to our own commitments, targets, and contractual requirements not being met. This, in turn, could damage our reputation, result in fines, or cause us to lose business.

Environmental Conservation

Environmental conservation is about protecting, preserving, and restoring ecosystems and natural resources. It is crucial for maintaining biodiversity, combating climate change, and ensuring the long-term health of both humans and the planet.

Environmental Law

On July 28, 2022, the United Nations General Assembly passed a resolution stating that everyone has the right to a clean, healthy, and sustainable environment (General Assembly resolution 76/300).

Violations

Minamata Convention: Violations include producing mercury-containing products, using mercury compounds in manufacturing, and not properly treating mercury waste.
Stockholm Convention: Violations involve producing or using persistent organic pollutants (POPs) and not handling, storing, or disposing of waste in an environmentally sound manner.
Basel Convention: Violations include the improper import and export of hazardous waste and other wastes, especially from non-parties to the Basel Convention.

Reputational Risk