Whereas: Biodiversity loss is a global systemic risk. Wildlife populations have declined by an average of 69% since 1970,¹ with an estimated one million plant and animal species at risk of extinction by 2050 — approximately 25% of species on Earth.² USD $44 trillion of economic value generation — more than half of the world’s total GDP — is moderately or highly dependent on nature.³ The North American Coastal Plain, which includes Florida and much of Georgia, was named the 36th global biodiversity hotspot in 2016,⁴ a designation indicating it is both threatened and irreplaceable.⁵ One of the greatest examples of the Plain’s extraordinary biodiversity is the Okefenokee Swamp, which is home to hundreds of plant and animal species, represents one of the largest natural carbon sinks in North America, and has been nominated to become a UNESCO World Heritage Site.⁶ The Plain also hosts many of Chemours’ mining operations, and recent reports have indicated potential for expansion of mining into the Okefenokee ecosystem.⁷ Mining in ecologically sensitive areas may expose companies to operational risk from closures, delays and regulatory hurdles, as well as to reputational risk.⁸⁹ In its 2024 Sustainability Report, Chemours discloses that it has “completed nature and biodiversity assessments at our sites in line with TNFD and UNEP guidance.”¹⁰ However, the Company does not disclose how these assessments may inform actions or policies to mitigate any associated financial risks. Many other mining companies make these types of disclosures through full TNFD reports, biodiversity standards, and/or biodiversity policies, including Vale¹¹, Anglo American¹² and Rio Tinto.¹³ Chemours’ direct competitor Tronox announced in 2024 it will align with TNFD and Science Based Targets for nature by 2026 to improve biodiversity management.¹⁴ Since Chemours’ 2015 spinoff from Dupont, the company has incurred over 40 environmentally related violations amounting to nearly $2B in settlements, penalties, and fines.¹⁵ It has also been subject to national class action lawsuits, EPA lawsuits, and numerous lawsuits from states and municipalities. This troubling environmental track record, in addition to the Company’s paucity of nature related disclosures, compels investors to request additional information on Chemours’ exposure to and management of nature related risks. Specifically, financial and systemic risks from mining in ecologically sensitive areas suggest that the Company should not only conduct nature and biodiversity assessments, as it has done, but also use their results to inform and disclose mitigative actions, standards and/or policies.