CBG Staff with other dignitaries at the event
Consolidated Bank Ghana (CBG) has launched an initiative in collaboration with the Forestry Commission (FC) to plant 60,000 tree seedlings as part of this year’s Green Ghana Day.
CBG has also signed a Memorandum of Understanding with the FC to sponsor the reforestation of the degraded 125-acre Southern Scape Forest at Mpraeso in the Eastern Region.
The two initiatives are themed, ‘CBG 60,000 Tree Planting Initiative’, and “Growing for a Greener Ghana Tomorrow: CBG’s Commitment,” respectively.
CBG Managing Director, Daniel Addo, said “As CBG, we recognise that we have a responsibility to be stewards of the environment. That is why we are proud to launch this tree planting initiative, which aligns directly with our commitment to supporting the UN’s Sustainable Development Goals and Ghana’s Nationally Determined Contributions under the Paris Agreement.”
Mr. Addo stated that by coming together to plant trees, humanity is not only beautifying the environment, but taking action to address the current pressing environmental challenges.
“This is part of our holistic approach to sustainability, to reduce our carbon footprint, increase our use of renewable energy, and promote sustainable practices throughout our operations,” he said.
Head of Sustainability, Bank of Ghana, Stephen Armah, commended CBG for the initiative to plant tree seedlings to sustain the environment.
He said CBG had remarkably well in implanting the Ghana Sustainability Banking Principles (GSBP) and had achieved about 62 per cent of the implementation principles thereby ranking seventh of eight banks implementing the principles.
Mr. Armah said CBG had done several trainings for its staff and senior management personnel on the GSBP and entreated other banks to emulate the bank’s initiative.
Executive Director, Forest Services Division, Hugh C. A Brown, said forests provided crucial ecosystem services for human wellbeing, sustainable development and ultimately sustains life on earth.
He said since the Green Ghana Day, about 42 million tree seedlings have been planted and since 2016 about 139,000 hectares of forest had been developed.
Mr. Brown commended CBG for the initiative to partner the FC to plant 60,000 tree seedlings.
A Daily Guide Report