Strata insurance specialist CHU has inked a three-year deal with environmental scientist Tim Jarvis’s Forktree project to help combat climate change and biodiversity loss.
Under the agreement, CHU will offset its carbon footprint by planting thousands of trees, as part of the project that seeks to restore a 53-hectare degraded farmland on the Fleurieu Peninsula in South Australia, which currently has about 30-40 native trees on it, but should have about 30-40,000.
“Restoring the land will bring huge biodiversity benefits, as well as sequestering tens of thousands of tonnes of carbon,” said Mr Jarvis. “Climate change and biodiversity loss are the biggest threats facing us. The Forktree Project involves restoring and reforesting an area of degraded farmland to help combat these threats and act as a showcase for what is possible in terms of land regeneration and off-grid living.
“I congratulate CHU in wholeheartedly embracing this project and for its environmental stand, and I encourage other parts of the insurance and strata industry to seek areas where they can help promote biodiversity and the environment.”
