Dutch Green Business Group N.V. (Euronext: DGB, “DGB” or “the Group”), a leading reforestation and carbon offsetting company, announces today the carbon finance investment in Reducing Emissions from Deforestation and forest Degradation project Corazón Verde del Chaco in Puerto Casado, Presidente Hayes, Paraguay (the “REDD+ project”). Carbon offsetting secures long-term viability of the project.
A quarter of all emissions worldwide are caused by deforestation, forest degradation and land use changes. Large-scale deforestation results in increased emissions and major loss of biodiversity.
Investing in REDD+ projects with the ability to scale is crucial and has been established as a key factor in the large scale conservation of forest habitat while simultaneously producing these benefits:
- Lessening the production of air pollution through the process which converts agricultural land;
- Improving water quality (locally and on a wider scale) by preventing the flow of nutrients and sediments into nearby waterways, which typically occurs due to the conversion of forest ecosystems to land for agriculture.
- Preserving rapidly decreasing river, wetland and forest ecosystems;
- Developing projects with, and working alongside, local communities;
- Conserving biodiversity through the protection of native flora and fauna.
The REDD+ project will simultaneously preserve endangered species and a wide range of ecosystem services, provide an economic alternative to local communities, and mitigate the release of an estimated 2 million metric tonnes of carbon dioxide emissions over the first 10 years of the REDD+ Project.
With the carbon finance investment DGB secures 28,572 tonnes of carbon offsetting credits for its portfolio. Following the carbon finance investment in Sierra Leone, this investment marks a next step in DGB’s strategy to participate in large-scale carbon offset projects around the world that deliver commercial and environmental benefits.
DGB now holds over 156,000 tonnes of carbon offsets on its balance sheet and has over 250,000 hectares of sourced forest land under review.
Selwyn Duijvestijn, Chief Executive of DGB Group said: “We see a large amount of new demand for carbon offsetting credits. DGB continues to invest in a portfolio of carbon offsetting credits to be able to serve its customers as best as possible.”
Dutch Green Business Group N.V.
Selwyn Duijvestijn, Chief Executive
+31(0)20 8080825 (NL)
+44(0)20 8064 0936 (EN)
Dutch Green Business Group N.V. is a public company traded on the main Dutch stock exchange Euronext Amsterdam under the ticker symbol AEX:DGB and ISIN-code NL0009169515. DGB’s strategy is to participate in large forest carbon offset projects around the world that deliver commercial and environmental benefits. DGB’s vision is to be a leading high-impact investor in sustainably managed forests by providing competitive real investment returns for shareholders combined with high social impact.
This press release qualifies as a disclosure within the meaning of Article 17 paragraph 1 of Regulation (EU) No. 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (MAR) and contains inside information within the meaning of Article 7 paragraph 1 MAR. This press release does not contain (an invitation to make an) offer to buy or sell or otherwise acquire or subscribe to shares in DGB Group N.V. and is not an advice or recommendation to take or refrain from taking any action. This press release contains statements that could be construed as forward-looking statements, including with regard to the financial position of the DGB Group, the results it achieved and the business (ies) it runs. Forward-looking statements are all statements that do not relate to historical fact. These statements are based on information currently available and on forecasts and estimates made by DGB Group management. Although the DGB Group believes that these statements are based on reasonable assumptions, it cannot guarantee that the ultimate results will not differ materially from those statements that could be construed as forward-looking statements. Factors that may lead to, or contribute to, differences in current expectations include, but are not limited to: developments in legislation, technology, tax, regulation, stock market price fluctuations, legal proceedings, regulatory investigations, competitive relationships and general economic conditions . These and other factors, risks and uncertainties that may affect any forward-looking statement or the actual results of DGB Group are discussed in the annual report. The forward-looking statements in this document speak only as of the date of this document. Subject to any legal obligation to do so, the DGB Group assumes no obligation or responsibility to update the forward-looking statements contained in this document, whether related to new information, future events or otherwise.