Biodiversity, Protected Areas, Sustainable Agriculture
FIVE takes pride in its biodiversity management practices and ambitions to continue focusing on stewarding thriving ecosystems. FIVE conducts biodiversity risk and impact assessments to identify potential risks and impacts to the environment. Given that biodiversity is a relatively new topic in sustainability management to many businesses, methodological steps have been chosen in line with the SBTN that produce high quality and applicable results. To ensure accuracy and thoroughness, FIVE has consulted with global environmental consultants and biodiversity experts from AFRY for these assessments. From these reports, the company has set clear biodiversity targets and objectives to reduce its impact on the environment. FIVE implements a systematic approach for the selection of mitigation measures in accordance with the mitigation hierarchy, which includes avoidance, minimisation, rectification, and compensation. This ensures that the most effective measures are selected to manage and reduce the company’s impact on biodiversity. FIVE continuously monitors and evaluates the effectiveness of its biodiversity management measures to ensure that they are achieving the intended outcomes. By taking a proactive approach to biodiversity management, FIVE demonstrates its commitment to environmental sustainability and conservation.
At FIVE, we are dedicated to preserving and protecting our planet’s precious biodiversity. We uphold a firm commitment to abstaining from any activities that may have a negative impact on protected areas, including UNESCO Natural World Heritage Sites and/or UNESCO Man and the Biosphere Reserves. Additionally, we extend our commitment to other critical areas designated under the World Conservation Union (IUCN) designation I-IV, Key Biodiversity Areas, and wetlands designated under the Convention on Wetlands of International Importance (the Ramsar Convention). Through our unwavering commitment to the protection of these vital areas, we strive to contribute to the sustainability of our planet’s ecosystems for generations to come.
FIVE Sustainable Agricultural Production Practices
At FIVE, we are fully committed to promoting sustainable practices and environmental stewardship in all aspects of our operations, including agricultural production. We recognize the crucial importance of soil, water, and biodiversity management in ensuring the long-term health and productivity of our agricultural systems.
As part of our commitment to these principles, we have planned several measures of research, monitoring and collaborative engagement to support sustainable practices and enhance soil, water and biodiversity management. This program aims to explore innovative techniques and best practices that can minimize the environmental impact of agricultural production while maximizing its efficiency. Our plan is to focus on areas such as soil conservation, organic farming methods, integrated pest management, natural resource conservation and biodiversity enhancement.
We actively engage with our vendors throughout our supply chain and agricultural organizations, ensuring we work with agricultural practitioners that share our commitment to implementing sustainable agricultural production methods including in water, soil and biodiversity management. Through this initiative, we aim to empower local stakeholders with the knowledge and tools necessary to implement sustainable practices and protect their soil and biodiversity resources.