Siam City Cement Group (SCCC Group) and the International Union for Conservation of Nature (IUCN) extended their partnership for another three years by formalising a new Memorandum of Understanding (MoU) recently to support the implementation of the INSEE Sustainability Ambition 2030 targeting Net Positive Impact (NPI) on biodiversity at sites where SCCC Group operates.
The goal of the partnership is to avoid and minimise biodiversity loss to the maximum extent possible. Over the next three years, SCCC Group and IUCN will cooperate to design and implement biodiversity offsets to compensate for any unavoidable impacts of SCCC Group’s quarrying and cement production processes in its plants in Thailand, Sri Lanka, Vietnam and Cambodia, thereby contributing to sector-wide improvements in the cement and related industries in the region.
The MoU was formalised by Group CEO of SCCC Group, Aidan Lynam, and Regional Director for IUCN Asia Dindo Campilan and Hub Director for Oceania at the SCCC Group Headquarters in Bangkok, Thailand, with country representatives from Sri Lanka, Cambodia and Vietnam joining online.
CEO Aidan Lynam said, “Biodiversity has been established as one of the key pillars in INSEE’s Sustainability Ambition 2030, a long-term strategy in which we are committed to actionable targets which are aligned with the business needs. IUCN can therefore play an integral part in challenging and supporting our plans for the achievement of mutually shared objectives.”
Regional Director for IUCN Asia, Dr. Dindo Campilan said, “This continued partnership and the integration of biodiversity conservation into the Group Company’s sustainability ambition clearly demonstrates SCCC Group’s true commitment to biodiversity. Together, we can establish the standards and guidelines that offer solutions balancing the needs of society, business and nature.”