Far EasTone's Biodiversity Commitment
FET firmly believes that implementing new programs to prevent global warming and protecting biodiversity is not only an important commitment to the Company, but also to every member of society.
To attain this, we have actively responded to the United Nation's Sustainable Development Goal 15: Conserve terrestrial ecosystems and take concrete action in order to provide solutions for the conservation of biodiversity, sustainable use of biodiversity and fair and equitable sharing of the benefits of genetic resources.
Our Principles and Commitments
1. Uphold the mutually beneficial concept of the harmonious coexistence between humans and nature, and actively practice biodiversity management and green development.
2. Raise awareness on biodiversity, non-deforestation and conservation for our employees, shareholders, partners, suppliers, and consumers.
3. Continuously comply with relevant statutory requirements and follow guidelines established by the local government when applicable; all of our operations (including office/store location selection, base station installation) do not involve deforestation, and value chain partners are required to compensate for the afforestation of forests by their operations.
4. In the process of business operations, our principle is to avoid engaging in operational activities in key biodiversity areas[1] (including office/store location selection, base station installation). When having to conduct operations close to key biodiversity areas, we adhere to the following sequence of measures to minimize impact: avoid impact, minimize impact, compensate/offset impact; and require value chain partners to follow the same standards.
5. Respect the traditions of ethnic minorities and try to avoid or minimize the impact on local communities during infrastructure development or business operations.
6. Avoid or minimize the release of pollutants into air, water and land.
7. Partner with reputable institutions and our value chain partners to support biodiversity enhancement, reforestation, or restoration of natural ecosystems.
Our Actions
1. Promote programs and actions on issues of biodiversity and non-deforestation to our employees and suppliers.
2. Strengthen the consideration of site sustainability in the site selection process.
3. Prioritize the use of sustainably managed natural resources and raw materials, minimize the generation of polluting emissions, and reduce damage to the surrounding environment.
4. Increase consumption efficiency in energy, water and other resources.
5. Establish a biodiversity monitoring mechanism.
6. Incorporate the requirement to adhere to biodiversity and commitment to non-deforestation in our supplier management. Far Eastone's Supply Chain Biodiversity Commitment
[1]Definition of "critical biodiversity": includes habitats of species classified as Critically Endangered, Endangered or Vulnerable on the IUCN Red List, or other internationally recognized protected nature areas.