Biodiversity
Biodiversity & No Deforestation at Osotspa
Osotspa Public Company Limited recognize the importance of natural ecosystem and the urgent need of biodiversity conservation, which we intent to help preserve natural ecosystem from deforestation and any operation that cause negative impacts
Osotspa also strive to protect the important significant conservation or biodiversity areas which included UNESCO World Heritage Sites, Wetlands listed under the Ramsar Convention, Protected areas I-IV categories defined by IUCN, and protected areas defined by the local law.
Our Biodiversity resolve
- To be aware, protect, maintain, enhance, or conserve global and national important biodiversity and critical natural ecosystems.
- To Apply the “Mitigation Hierarchy”. into our operation: (avoid, minimize, restore & offset)
- Avoid – avoid creating impacts on biodiversity.
- Reduce – reduce the intensity of impact on biodiversity that is unable to avoid.
- Restore – rehabilitate degraded ecosystem.
- Offset – compensate for the loss of biodiversity
- Transform – change to the suitable method to avoid negative impact on nature
- To comply with regulations, adopt the voluntary requirements and align with local and global standards that relate to environment and biodiversity protection to achieve “No Net Loss”.
Our No-Deforestation resolve
- To support, protect, maintain, and conserve the forest ecosystem.
- To comply with regulations, adopt the voluntary requirements and align with local and global standards that relate to forest protection and conservation for the implementation of control measures and reforestation procedure to achieve “No Net Deforestation”.
Scope
Osotspa Public Company Limited and subsidiaries including the business value chain.
Our Approach
1
Avoid implementing business activities across value chain that may affect biodiversity and seek for opportunity to deploy biodiversity related project into significant conservation or biodiversity areas, such as UNESCO World Heritage Sites, wetlands listed under the Ramsar Convention, protected areas I-IV categories defined by IUCN, and protected areas defined by the local law.
2
Operate business with concerns of no net loss in biodiversity or no net deforestation. Where negative impact is unavoidable, assess the potential impact and set remedial measures in place aligning with the biodiversity mitigation hierarchy, which includes avoid, reduce, restore, offset and transform.
3
Review the processes and practices to ensure compliance with applicable regulations and/or mandatory standards.
4
Conduct a comprehensive biodiversity risk assessment to identify critical importance of biodiversity conservation and the impact for Osotspa’s operating site.
5
Evaluate and monitor the risks of Osotspa’s activities as well as monitor biodiversity value regularly.
6
Communicate and engage with stakeholders to enhance our understanding and promote conservation efforts for driving positive change for the biodiversity.