Dutch bank ABN AMRO Clearing has partnered with Land Life Company to launch a five-year reforestation programme across the globe.
The large-scale tree plantings will begin in the summer. ABN AMRO Clearing has said it will invite its employees out into the field for company planting days in countries where the bank is based, such as the Netherlands, the UK, Australia and the US.
Pauline Engelberts, Global Chief Operations Officer at ABN AMRO Clearing, said: “Planting trees in areas where it is needed the most supports our commitment to the UN Sustainable Development Goals on climate action.
“It is also important for us that we connect the tree planting we do together as a team in our own neighbourhoods to what is required for climate action on a global scale.”
This comes as the climate crisis is in full swing with mounting on pressure on banks to do something.
ABN AMRO and Land Life
With the five-year programme, ABN AMRO hopes to plant 50,000 trees each year on average. The goal is to offset an estimated 10,000 tons of CO2.
Trees absorb CO2 as they grow and the carbon that they store in their wood helps slow global warming. The trees planted will be tracked and traced so that growth and carbon captured can be monitored over time.
Rebekah Braswell, CCO of Land Life Company, said: “ABN AMRO Clearing has always looked beyond carbon in their climate action programme. They connect rebuilding forests and ecosystems with employee engagement.
“This programme shows their commitment to climate action in the long run. We are very proud to support this forward-looking approach.”
The reforestation programme builds on the current two-year climate action plan between ABN AMRO and Land Life Company.
As part of the current programme, over 17,000 trees are being planted in Castilla y León, Spain and Australia combined.
According to the bank, Spain was selected because it is a country severely affected by desertification. Furthermore, the land in Australia is degraded from overgrazing and wildfires.