Bengaluru: Puravankara Limited (NSE:
PURVA | BSE: 532891), one of India’s most trusted and admired real estate
developers, has pledged to plant 1 million trees by 2030 in and around
Bengaluru as part of the World Economic Forum’s Trillion Tree Movement
(1t.org). This initiative aims to increase green cover, restore biodiversity,
sequester carbon, and support local ecosystems while contributing to the global
goal of conserving, restoring, and growing 1 trillion trees by 2030.
The pledge focuses on
planting native tree species well-suited to the local climate, ensuring a high
survival rate. These 1 million trees are expected to absorb approximately
25,000,000 kg of carbon annually, significantly contributing to climate
mitigation efforts. Additionally, the initiative will provide essential
ecosystem services, such as pollination, water conservation, and soil
preservation, benefiting local communities through access to Non-Timber Forest
Products (NTFPs).
“At Puravankara, we believe
that sustainable development goes beyond buildings—it is about creating a
greener, healthier future for generations to come. Our pledge to 1t.org to
plant 1 million trees by 2030 is a testament to our commitment to environmental
stewardship. By restoring green cover, enhancing biodiversity, and mitigating
climate change, we aim to make a lasting positive impact on Bengaluru’s urban
and rural landscapes. We are proud to be part of this global movement and will
continue to drive initiatives that contribute to a more sustainable tomorrow,"
said Ashish Puravankara, Managing Director, Puravankara
Limited.
Commenting on the same, Florian Vernaz, Head of 1t.org at the
World Economic Forum, said, “We are delighted to welcome
Puravankara Ltd to 1t.org and the global movement for nature restoration. Their
ambitious pledge to plant 1 million trees in and around Bengaluru reflects a
deep commitment to sustainability and environmental stewardship. By joining the
growing and dynamic Indian chapter of 1t.org, Puravankara is demonstrating
corporate leadership in advancing nature-based solutions in India. We look
forward to supporting and amplifying their impact as we work together toward a
greener, more resilient future."
Puravankara has planted
55,000 trees across three rural locations in Bengaluru, covering 3.5 hectares,
and an additional 7,000 trees across urban medians and parks as part of its CSR
initiatives. As part of the pledge, the company will plant around 1.56 lakh trees
annually in and around Bengaluru till 2030. Puravankara’s tree plantation
initiative is a key component of its broader sustainability strategy, aligning
with its mission of environmental stewardship and community engagement.
1t.org, a World Economic Forum initiative, aims to conserve, grow, and
restore 1 trillion trees by 2030, supporting the UN Decade on Ecosystem
Restoration. It engages the private sector, facilitates multistakeholder
dialogues, and promotes innovation and youth involvement to accelerate
restoration efforts.