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What is the News?
National Thermal Power Corporation Limited (NTPC Ltd.), as a member of the India Business & Biodiversity Initiative(IBBI) has released a renewed Biodiversity Policy 2022.
What is the purpose of the Biodiversity Policy 2022?
Aim: To establish a comprehensive vision and guiding principle for conservation, restoration, and enhancement of biodiversity.
– To adopt a precautionary approach for sustainable management of biodiversity in all the decision-making processes to ensure the Earth’s variety of life in and around the business units of NTPC.
– To adopt systematic consideration of local threats to biodiversity beyond the company’s business activities.
What is India Business & Biodiversity Initiative(IBBI)?
Launched by: The Confederation of Indian Industry(CII) with the support of the German International Cooperation (GIZ).
Aim: To serve as a national platform for business and its stakeholders for dialogue sharing and learning, ultimately leading to mainstreaming sustainable management of biological diversity into businesses.
Source: The post is based on the article “NTPC releases Biodiversity Policy for conservation and restoration of biodiversity” published in PIB on 31st May 2022.