The Korea Research Institute for Construction Policy (KRICP) announced on the 25th that it has published "Nature Positive Management for Biodiversity Conservation by Construction Companies," presenting a management model for biodiversity conservation.
Nature positive refers to the concept of halting net loss and shifting to a net gain by conserving and restoring damaged natural capital, that is, biodiversity and natural resources. There have been previous calls for a shift in management paradigms, as the loss of natural capital is increasingly becoming a financial risk for companies, and global policies and disclosure standards related to biodiversity are being strengthened.
The report presents a five-step standard model for nature positive management by construction companies to conserve biodiversity, which has recently emerged as a core task in ESG (Environmental, Social, and Governance) management. The five-step model includes: ▲ Establishing mid- to long-term goals and roadmaps ▲ Building an organizational system to achieve these goals ▲ Developing and implementing action plans to achieve the goals ▲ Measuring and providing feedback on performance in achieving the goals ▲ Publicly disclosing goals, response systems, and outcomes.
Lee Hongil, a research fellow at KRICP, explained, "Construction inherently involves unavoidable damage to nature during the production process, so biodiversity conservation will become a key management issue that determines future corporate risks and competitiveness." He added, "Korean construction companies need to proactively establish biodiversity strategies and set up systems that meet global disclosure standards."
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