57 Sustainability Report 2024 Fostering Action on Climate Change Fostering Responsible Supply Chain Fostering An Inclusive Workplace GRI Content Index Our biodiversity strategy emphasizes the following pillars aligned with the LEAP Framework as per global biodiversity frameworks: Through collaboration, education, and strategic action, we advance a holistic approach to biodiversity conservation. We recognize that the economic impact of biodiversity loss can lead to long-term and significant costs, far outweighing any short-term gains. For this reason, we remain steadfast in our pursuit of a sustainable future where ecological vitality and economic well-being are mutually reinforcing. EVALUATE Impact, risk and dependency evaluation of Arise IIP on biodiversityrich regions (e.g., Ramsar sites, IUCN species, etc.). Conducting required ESIAs to ensure compliance to regulatory norms. ASSESS Conducting biodiversity management assessments to assess dependencies on the region and requisite preservation measures. LOCATE Identifying the location for operations, its biodiversity reserves and areas which require protection, and conservation. This provides a baseline for Arise IIP to carry out its biodiversity assessments PREPARE Preparing Biodiversity Management Plans to ensure implementation of a biodiversity strategy at the conception till operations stage across SEZs.
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