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Beyond ONE, a digital service provider and TMT industry (technology, media, telecommunications) investment and operations company, made its first investment to actively protect endangered rainforests.
Beyond ONE’s first acquisition of 262 hectares of Ecuadorian cloud forest through charity Rainforest Concern follows the completion of Beyond ONE’s first carbon footprint report, which documents the organization’s current annual carbon footprint and its current portfolio of companies, including Virgin Mobile Middle East’s African operations in Saudi Arabia, Oman, UAE and Kuwait.
The investment ensures direct protection of existing threatened tropical forests in one of the most biodiverse regions on Earth, not just for the trees but also for the diversity of plant and animal species they contain. The natural resources provided by rainforests are an important part of the response to climate instability, and protecting rainforests from over-logging has become critical.
funds transfer
According to the United Nations Climate Change, the Paris Agreement’s goal of limiting the rise in global average temperatures to 1.5 degrees above pre-industrial levels will only be achieved if efforts to reduce deforestation and other mitigation measures are implemented in the forest sector. This will require the mobilization of funds from government and the private sector to support the implementation of initiatives.
Markus Tagger, CEO of Beyond ONE Group, said: “Our focus on having a positive impact on people and the planet extends to everything we say and do. After calculating our 2021 carbon emissions “Immediate action is to implement measures to reduce these emissions. Levels, and invest in the physical conservation of natural resources that impact every corner of the world. This enables our current operations to be carbon neutral as we work towards becoming carbon negative.” The goal.
“Not only do tropical rainforests contain nearly 80% of the world’s terrestrial biodiversity, they also provide homes and natural resources that support livelihoods for 1.6 billion people. Our partnership with Rainforest Concern is a long-term An invaluable and irreplaceable part of nature, as the extinction of the world’s rainforests threatens the future of our planet.”
Peter Bennett, Founder Director of Rainforest Concern, said: “Rainforest Concern is delighted to enter into this new partnership with Beyond ONE. Aggressive and committed action by organizations like Beyond ONE investing in threatened forests is part of our response to the climate crisis we now face One of the most effective defenses. We hope their initiative inspires others to do the same.” — trade arab news agency
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