Fortescue partners with IUCN to develop a nature roadmap for net positive impact on biodiversity

Fortescue has entered into a strategic three-year collaboration with the International Union for Conservation of Nature (IUCN) to develop a comprehensive nature roadmap aimed at achieving a net positive impact on biodiversity. IUCN, recognised globally as a leader in nature conservation and sustainable resource use, brings decades of expertise in collaborating with the mining sector on biodiversity-related issues.

The rapid transition to a low-carbon economic model is accompanied by growing demand for mining products to supply key inputs, including for green technologies. While awareness of the sector’s impact on the environment and livelihoods has never been higher, there is also a growing recognition that business has a key role to play in driving action to halt and reverse global biodiversity loss, as highlighted in the final text of the Kunming-Montreal Global Biodiversity Framework (KM-GBF).

Already known for its commitments for decarbonisation, Fortescue has set a goal to achieve a net positive impact (NPI) on biodiversity. Through the strategic collaboration IUCN will review and help enhance Fortescue’s biodiversity management practices, using science-based frameworks and cutting-edge research.

The collaboration will help establish Fortescue as a sectoral leader in biodiversity management in the Pilbara. In doing so, it will demonstrate how sustainable practices in the mining sector can contribute to national and global nature positive outcomes in a tangible manner.