Link Found Between Proximity and Biodiversity Risk – With Public Companies 77% More Exposed
Extractive projects within 0.62 mi (1 km) of an environmentally sensitive site experience 30% more risk incidents than those 30 km away.
- Extractive projects within 0.62 mi (1 km) of an environmentally sensitive site experience 30% more risk incidents than those 30 km away.
- (Photo: Business Wire)
Public companies operating extractive projects within 0.62 mi (1 km) of an environmentally sensitive site show a 77% increase in environmental risk incidents. - This is largely because public companies are not only more exposed to ESG risk overall, but also tend to be held to a higher standard when it comes to biodiversity risk.
- These findings were uncovered through RepRisk Geospatial, which currently provides insights for 65,000+ extractive projects, their owner and operator companies, and their proximity to 300,000+ environmentally sensitive sites.