SET partners with maiA on reforestation as part of Care the Wild: “Plant & Protect” project

BANGKOK, The Stock Exchange of Thailand (SET), in collaboration

with mai-listed Company Association (maiA), the Royal Forest Department, and

communities, reforests 91 rais under SET-led collaborative Climate Action, Care

the Wild: “Plant & Protect” project, in Ban Wiang sub-district of Rong Kwang

district, Phrae province in the northern part of Thailand. The initiative is to

rehabilitate the ecosystem in the upstream forest area, create food sources, and

generate income for 390 community households, leading to balanced development

and co-exist with communities and environment in a sustainable way.

SET President Pakorn Peetathawatchai said that SET has rolled out the Care the

Wild “Plant & Protect” project since the year 2020 as a platform of

collaboration among the business, the government, the social sectors and

communities to build sustainable reforestation. This can be carried out by

‘planting’ trees to expand forestland, ‘protecting’ the forest by promoting

community participation in forest maintenance, and embracing forests via the

governance mechanism of transparent information disclosure. The ultimate aim is

to reduce greenhouse gas emissions, cope with climate change, and solve

environmental problems, in accordance with SET’s vision: ‘To Make the Capital

Market Work for Everyone’.

“SET and maiA have jointly raised fund for planting 18,200 trees on 91 rais, of

which 25 rais have been reforested by SET and the remaining 65 rais by

mai-listed companies, in the community forests of Ban Oi and Ban Boon Roeng

villages in Ban Wiang sub-district of Rong Kwang district, in Phrae province.

The expected results are that the 91-rai reforestation will annually absorb

greenhouse gases amounting to 163,800 kilograms of carbon dioxide equivalents,

and rehabilitate the ecosystem in the upstream forest area. Moreover, the

project will benefit 390 households or about 1,300 people who can grow

agricultural products for consumption and commercial purposes, generate income

and add value to develop the area in to an ecotourism destination creating

community empowerment in the long run,” added Pakorn..

maiA President Trisorn Volyarngosol said that mai-listed companies have

continuously cooperated with one another as a network to exchange viewpoints

and experiences to drive sustainable business growth. In addition, maiA has

participated in SET’s various environmental projects aiming to create business

models that enable business organizations of all sizes to jointly solve social

and environmental problems for the wider and more effective outcomes.

Currently, the Care the Wild “Plant & Protect” project has expanded the

forestatiobn altogether for a total of 145 rai in six provinces across various

regions: Chiang Rai and Nan in the North; Maha Sarakham in the Northeast; and

Suphan Buri, Ratchaburi and Phetchaburi in the Central Plains. Interested

organizations are welcome to take part in this effective reforestation.

Source: The Stock Exchange of Thailand

Post Author: tmadmin