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.

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

About the author

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Sign Up for Our Newsletter

Get notified of our weekly selection of news

You May Also Like

Mai welcomes aesthetic & wellness center “KLINIQ”

As of June 30, 2022, the company has 39 branches in leading department stores, covering 15 provinces, all over five regions of Thailand. The39 branches comprise 35 medical clinics, one surgical center at Siam Square in downtown Bangkok and three nail salons.

SET to list Food & Agro provider Betagro under ticker “BTG”

The Stock Exchange of Thailand (SET) will list Betagro pcl, a leading integrated food company with high quality and food safety that moves towards a world-class Food & Agro total solutions provider

TFEX aims to implement new trading system in 2023

On products and services development, TFEX plans to explore on extending trading hours of Currency Futures, introduce new Currency Futures contract, and boost trading liquidity