Vlinder is proud to announce that the project we are developing in Indonesia in partnership with VNV Advisory Services, has been chosen for the carbon project portfolio of Julius Baer Group, the 2nd largest private bank in Switzerland by Assets under Management aiming to reach net-zero in its operations by 2030. We share the same values and commitment to nature-based solutions that offer a reliable method for capturing carbon on a large scale while also benefiting the communities in the project area. We are honored to be one of the two high-quality reforestation projects selected by the bank's experts. With Julius Baer's support, we will create a healthy ecosystem restoring 500 hectares of mangrove forest, providing new job opportunities and additional livelihoods for over 3000 people in North Sumatra. The project is committed to a science-based approach, fair benefit sharing, and transparency. #mangroves #reforestation
To limit global warming, the priority is to reduce carbon emissions. However, for the remaining emissions, we have to find other ways to remove them. Today, relying on nature is the only viable way to capture carbon at scale from the atmosphere. That’s why we’re pleased to announce that we’re supporting two long-term reforestation projects in Panama and Indonesia. Both were selected for their high quality and transparency, and also bring social and biodiversity benefits to local communities in regions where Julius Baer has long been active in. The projects, along with our partnership with SWISS and Lufthansa Group to purchase sustainable aviation fuel, are funded by proceeds from our internal carbon price on air travel. This was introduced to encourage more conscious travelling and help achieve our goal of reducing business travel emissions by 30% by 2025. ➡️ Learn more about our decarbonisation initiatives and download the 2023 Sustainability Report here: https://ow.ly/S83q50QVjeM #sustainability #CompanyInsights