Aviva has embarked on a transformative partnership with the Nature Conservancy of Canada (NCC), pledging nearly $4 million to enhance conservation and nature-based carbon removal initiatives across Canada. This investment, spread over seven years, is focused on strengthening grasslands, forests, and tidal marshes, crucial for biodiversity and ecosystem resilience.
Picture of grasslands in Saskatchewan, Canada. AI generated image
Specifically, the funding is set to facilitate the conservation and restoration of approximately 900 hectares—an area equivalent to over 1,520 Canadian Football League fields. This collaboration forms part of Aviva's broader $125-million global commitment to nature-based carbon sequestration, underlining its goal to achieve net-zero carbon emissions by 2040. By integrating these ecological projects, Aviva aims to contribute positively towards biodiversity, flood protection, and local community resilience.
Read more: Canada pledges $135M to carbon removal in eco-forward budget
In Saskatchewan, Aviva’s support will enable the restoration of over 500 hectares of depleted grasslands, aiding about 30 endangered species. In Manitoba, the focus will shift to reconnecting fragmented forests, enhancing over 100 hectares to serve as vital corridors for wildlife and act as significant carbon sinks. Additionally, the partnership will conserve over 300 hectares of tidal marshes along the St Lawrence Gulf and Estuary, bolstering natural defences against changing environmental conditions and extreme weather events.
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The NCC will utilise cutting-edge data modelling and landscape analysis tools to identify the most impactful conservation sites. This strategic approach is critical, ensuring that Aviva’s investment delivers maximum ecological benefits. This initiative represents a long-term commitment to the health of Canada’s natural environments, demonstrating the pivotal role of sustained partnerships in environmental conservation.
As the interest and demand for carbon units from nature-based solutions grow, DGB Group's commitment to providing high-quality and effective solutions underscores our critical role in helping companies navigate the evolving landscape of environmental finance. Through our projects, products, and services, we assist businesses in understanding and committing to environmental improvement, assessing their environmental impact, developing strategies for environmental solutions, and reporting their sustainability progress transparently.
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