Caring for the Planet Integrated Annual Report 2024 SECTION 5 • DELIVERING SUSTAINABLE VALUE FOR OUR STAKEHOLDERS 169 The BAP is guided by the Biodiversity Mitigation Hierarchy, which includes avoidance, minimisation and restoration. Where these steps do not fully address biodiversity risks, biodiversity offsets will be considered as a final rehabilitation measure. Each BAP contains specific targets and timelines to ensure a measurable and effective approach to biodiversity management. We leverage the Integrated Biodiversity Assessment Tool, incorporating global datasets such as the International Union for Conservation of Nature’s Red List of Threatened Species, the World Database on Protected Areas and Key Biodiversity Areas. Reviews of sites on the World Heritage List, properties on the Tentative List and World Heritage List Nominations will also be referred to assess potential risks associated with sensitive locations. Additionally, we conduct extensive assessments of ecosystem services surrounding each entity, covering provisioning, regulating, cultural and supporting services. These assessments provide valuable insights into the broader environmental and social impacts of our operations. Biodiversity Risk Assessment PMI has conducted a Biodiversity Risk Assessment to evaluate the environmental impact of its Foshan, China operations. The assessment highlights geographical conditions, biodiversity risks and mitigation strategies. Despite the results indicating that the operation poses a low risk to biodiversity, PMI remains committed to conservation through environmental and sustainable approaches. To further enhance biodiversity and minimise environmental impact, PMI has implemented several initiatives, including engaging third-party services for green space maintenance, participating in the Alashan “Industrial Green Supply Chain” initiative, designating areas for employee cultivation, installing solar power systems and introducing electric shuttle buses for employee transport. Additionally, PMI has undertaken improvement measures such as phasing out high-energy-consuming motors, replacing diesel forklifts with electric and optimising water supply equipment. Through this approach, PMI reinforces its dedication to biodiversity protection and sustainable development. Aligned with Malaysia’s ESG and net-zero agenda, we participated in land management and rehabilitation programmes, including tree planting initiatives that support local ecosystems. Our efforts extended beyond operational sites, where we engaged local communities and key stakeholders such as the DOE, academic institutions and non-profit organisations. Through collaborations, we contributed to broader conservation efforts and promoted biodiversity-friendly practices. Over the period, we had participated in environmental activities and provided both financial and in-kind contributions. To date, these initiatives had involved an investment of approximately RM450,000 reinforcing our long-term commitment to environmental sustainability. 1 Ras 1 Pokok & Coastal Clean-Up As part of World Environment Day 2024, we partnered with the Natural Resources and Environmental Board Sarawak, the DOE Sarawak, along with students from MRSM Mukah, SMK Mukah, SMK St. Patrick and SMK Three Rivers, to organise the 1 Ras 1 Pokok & Coastal Clean-up Programme at Taman PMS in Mukah. PMS contributed to the planting of 200 fruit trees, to support the ecological footprint of this collective effort. This initiative, supported by a financial contribution of approximately RM12,000, focused on restoring biodiversity through a large-scale tree-planting effort. OUR VALUE CREATION
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