Candriam wishes to contribute to the reversal of deforestation trends, in order to bring back valuable and productive ecosystems, contribute to mitigating climate change and reclaim ecosystem services benefiting to the local communities. Candriam has therefore chosen to support WeForest a non-profit organization which works towards the reforestation of degraded land in primarily tropical regions. They deploy best practices that relate to landscape restoration, poverty alleviation and social justice.
Restoration of the casamance mangroves in Senegal
Replant mangroves on 2,245 hectares. This is the objective of this ambitious WeForest project,which aims to revitalize the mangroves in order to ensure a high level of biodiversity and to restore sustainable and profitable fishing and farming activities for local communities. It will become part of one of the largest "carbon-certified" mangrove restoration programs in the world. This project will make a significant contribution to the call of the "United Nations Decade for Ecosystem Restoration". The project will seek to obtain and manage a double certification: Verified Carbon Standard and Climate, Community & Biodiversity (CCB).
Candriam’s project commitment:
- Duration: 3 years, starting in 2021
- Impact: restoration of 494 ha of mangroves
- Candriam is not receiving carbon credits. These will be for WeForest and the local community