Additionally, we understand that the protection and conservation of the environment and of biodiversity constitute a key element in the configuration of our corporate strategy, and we adhere to the following sustainable development principles when carrying out our activities:
The application of the mitigation hierarchy of the potential impacts on biodiversity is essential to us. We were the first Oil and Gas company to implement IPIECA Biodiversity and Ecosystem Services (BES) methodology. Management Ladder, used to analyze the current situation of the Exploration and Production assets and to identify the next steps to take.
This methodology is based on the study of the following areas: the integration of biodiversity and ecosystem services in the management of the business, the involvement of stakeholders, the construction of a biodiversity base line, the identification and management of potential impacts, and the selection of indicators. In addition to the six practices defined by the Management Ladder, we have added an area based on communication.
Sharing challenges and learning from the experience of other business areas is key to ensuring progress in this area.