HCMC – Real estate developer Keppel Land last week planted 3,000 trees in the Dong Nai Culture and Nature Reserve in Dong Nai Province to celebrate World Nature Conservation Day on July 28, as well as to support Vietnam’s national program that targets to plant one billion trees by 2025.
The launch of Keppel Land’s tree planting program on July 28 was officiated by Dong Nai government officials, together with Joseph Low, President of Keppel Land in Vietnam.
The event, organized in collaboration with Tien Phong newspaper, also saw the participation of around 100 Keppel volunteers and students from Ma Da Secondary School in Dong Nai.
This initiative is also part of Keppel Land’s activities to mark its 30th anniversary in Vietnam.
“Keppel Land places sustainability at the core of our strategy. We are committed to championing environmental stewardship and creating a positive impact on the community, wherever we operate. In line with this, we are happy to contribute toward Vietnam’s forest conservation efforts and the global fight against climate change through our tree planting program in the Dong Nai Culture and Nature Reserve,” said Low.
Deforestation is a key contributing factor to climate change. Every year, Vietnam loses around 2,500 hectares of forest due to illegal logging, slash burning for agriculture use, forest fires and urbanization.
Keppel Land’s tree planting program seeks to raise awareness on the importance of conserving forests to mitigate the impact of global warming, as well as preserving forest biodiversity to build a greener and more sustainable environment.
In line with Keppel’s vision toward 2030, Keppel Land is committed to carrying out innovative, sustainable initiatives to drive the company’s performance and achieve impactful environmental, social and governance outcomes for stakeholders.
Keppel Land has committed to halve its Scope 1 and 2 absolute greenhouse gas (GHG) emissions by 2025 from 2020’s level, and achieve net zero by 2030.
It is the first in Asia’s real estate sector to set a near-term science-based target to reduce Scope 1 and 2 GHG emissions by 100%, in line with the 1.5-degree-Celsius trajectory. Keppel Land has also committed to reduce Scope 3 GHG emissions from purchased goods and services by 20% per square meter by 2030 from a 2020 base year.
Keppel Land is a wholly-owned subsidiary of Keppel Corporation, a Singapore flagship multinational company, which provides solutions for sustainable urbanization, focusing on energy and environment, urban development, connectivity and asset management.
Keppel Land entered Vietnam in the early 1990s. Over three decades, the company has grown with Vietnam to become one of the largest foreign real estate investors in the country today.
Keppel Land’s corporate social responsibility campaigns focus on environmental stewardship, including climate change, as well as social responsibility. Recent initiatives include the Living Well clean water initiative launched earlier this year to bring portable water to about 20,000 villagers in drought-stricken areas in Ben Tre Province, as well as the Green Sculpture Competition and Exhibition organized earlier this month which raised awareness of the impact of plastic waste.