Shell Pilipinas Corp. (SPC) will be working with the Department of Environment and Natural Resources (DENR) in developing Nature-Based Solutions (NBS) opportunities in the Philippines.
NBS comprises activities related to the protection and enhancement of natural ecosystems, such as forests, grasslands, wetlands, and coastal zones, or projects that improve agricultural sustainability to help absorb or prevent the release of greenhouse gases, while also delivering benefits to local communities and enhancing the biodiversity of the area.
“It’s a significant moment where different sectors come together to make a positive difference,” said Lorelie Quiambao-Osial, president and CEO of SPC.
SPC and DENR are aligned in developing NBS and focused on protecting, restoring, and regenerating the country’s environment and natural resources.
Exploring integrated carbon and development opportunities
“The collaboration with SPC is significant, we all have a stewardship role in terms of protecting our national resources, and we deeply value this opportunity to work together to achieve our goals for a climate and disaster-resilient country and planet,” said Environment Secretary Maria Antonio Yulo-Loyzaga.
SPC and DENR will explore integrated carbon and development opportunities in the Philippines. They will also work together to document processes and activities that the government agency can use as a reference to develop programs, policies, and regulations related to NBS carbon projects.
Net-zero emission business
This collaboration supports DENR’s National Greening Program under Executive Order No. 193 for climate change mitigation and adaptation through restoring and protecting unproductive, denuded, and degraded forestland in the country.
This collaboration is aligned with SPC’s commitment to become a net-zero emission business by 2050. SPC is transforming its business to meet its target by avoiding and reducing emissions from its operations and from the fuels and other energy products it sells to its customers.
Categories: Business Features