Lionheart Farms’ bonds will be labelled “Climate Bonds”, which are a type of green bond that promote low-carbon, climate-resilient assets, by the Climate Bonds Initiative. These trees will help reduce greenhouse gas emissions over 15 years by almost 196,000 metric tons of carbon dioxide equivalent (CO2e), which is the equivalent emissions from driving an average passenger vehicle almost eight times around the earth. Lionheart Farms’ green bonds would finance planting new trees over the next five years. Mantalingahan facing the West Philippine Sea, Lionheart Farms plants and harvests sustainable high-yield coconut trees on leased land in the municipality of Rizal in Palawan, where the company has, over the last five years, created employment for thousands in the community and protected the environment from land degradation, biodiversity loss and deforestation. With support from the United States Agency for International Development (USAID) Green Invest Asia program, the Hong-Kong based verifier, Carbon Care Asia, confirmed that Lionheart Farms has processes and controls in place to issue a green bond. Green bonds fund projects with environmental or climate benefits. Pre-issuance certification under Climate Bonds Standard securedĪug(PALAWAN) – Lionheart Farms (Philippines) Corporation, a sustainable coconut farm in Palawan, Philippines, received Pre-Issuance Certification from the Climate Bonds Standard Board for the company’s green bond to expand coconut cultivation.
0 kommentar(er)
