GRI 102-11 Precautionary Principle or approach Although we do not currently apply the Precautionary Principle or approach, as defined by the 'Rio Declaration on Environment and Development', in our operational risk management planning or when we develop and introduce new products, we do consider potential environmental issues including whether the proposed operation or product could pose a serious threat of irreversible environmental damage. 102-12 External initiatives 2020 Sustainability Report, About this Report, pp.