Environmental Policy
Published: 15th June 2024
1. Purpose & Scope
1.1 This policy sets out Four32’s commitment to respecting and protecting the Environment.
1.2 This policy applies to all employees.
2. Approval & Responsibility
2.1 This policy has been approved by the Board of Directors, who have ultimate responsibility for the policy and for ensuring it is adequately communicated.
2.2 All Employees are responsible for observing and complying with the provisions of this policy and for avoiding any activity that might lead to, result in, or suggest a breach of this policy.
3. Policy Statement
3.1 The business is committed to:
- (a) Respecting and protecting the Environment;
- (b) Minimising the potential negative impact that its business activities may have on the Environment over the longer term; and
- (c) Complying with applicable Environmental Laws.
3.2 This policy sets out the specific ways in which the business will respect and protect the Environment and seek to reduce and minimise any potential negative impacts of its operations.
4. Climate Change & Emissions
4.1 The business recognises the serious threat posed by climate change and the urgent need for meaningful action.
4.2 The business is committed to addressing climate change and reducing greenhouse gas emissions in support of the goals of the Paris Agreement.
4.3 The business will continuously improve its operations to minimise their impact on climate change and reduce exposure to climate-related risks, while safeguarding long-term commercial success.
5. Biodiversity
5.1 The business is committed to protecting biodiversity wherever it operates by minimising the environmental impact of its activities.
5.2 Biodiversity refers to the variety of plant and animal life in the world or within specific habitats.
5.3 Biodiversity is essential to the health and stability of natural capital, providing resilience to environmental shocks and supporting processes such as carbon and water cycles and soil formation.
5.4 The business recognises the importance of biodiversity and seeks to preserve it so that future generations can continue to benefit from it.
5.5 The business aims to adopt the “No Net Loss” principle, reduce deforestation wherever possible, and offset negative biodiversity impacts through reforestation and regeneration initiatives.
5.6 The United Nations List of Protected Areas identifies terrestrial, coastal, and marine areas protected due to their ecological value.
5.7 Protected areas are fundamental to biodiversity conservation, maintaining habitats, enabling species migration, and supporting natural ecological processes.
5.8 The business is committed to respecting protected areas and ensuring its operations do not negatively impact them.
5.9 Free, Prior and Informed Consent (FPIC) is a recognised right of Indigenous Peoples under the United Nations Declaration on the Rights of Indigenous Peoples (UNDRIP).
5.10 FPIC allows Indigenous Peoples to give or withhold consent to projects that may affect them or their territories.
5.11 The business recognises the importance of Indigenous communities and commits to respecting their rights by obtaining FPIC before commencing any development projects that may affect them or their land.
5.12 The Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) protects endangered plants and animals. The business will not participate in the trade of CITES-listed species.
6. Water
6.1 Although water usage is minimal, the business is committed to reducing water consumption wherever possible.
7. Energy
7.1 The business is committed to reducing energy consumption and prioritising the procurement of energy from renewable sources where possible.
8. Waste
8.1 The business is committed to reducing the amount of waste it generates and diverting waste from landfill.
9. Services
9.1 The business is committed to reducing and minimising the environmental impact of its activities.
9.2 The business will work closely with customers to deliver solutions that address environmental challenges, including improving energy efficiency and reducing greenhouse gas emissions, water consumption, and waste generation.
9.3 Where practicable, the business will assess the environmental impact of its activities across the product life cycle, including material usage, waste, energy consumption, and CO₂ emissions.
10. Raising Concerns
10.1 All Employees must raise concerns about any actual or suspected breaches of this policy at the earliest possible stage.