NTPC releases Biodiversity Policy for conservation and restoration of biodiversity

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.