50K trees to be planted annually for 5 years under ‘BML Fehi Project’

Bank of Maldives (BML), on Wednesday, has announced ‘Fehi Project’ which aims to plant 50,000 trees annually across the Maldives – for a period of five years.

‘BML Fehi Project’ is the eighth series of 12 high-impact monthly community initiatives to celebrate leading up to BML’s 40^th anniversary in November 2022.

Under this project, five islands will be selected to receive 10,000 plants each year which will be sourced from local nurseries, to reforest and rejuvenate island land spaces that have been identified for greening. 

The bank said that the newly announced project will help accelerate the much-needed establishment of healthy vegetation on islands while simultaneously creating positive social impact for communities. They also underscored that reforestation will provide added benefits of preventing soil erosion, reducing temperatures, offsetting carbon emissions and ultimately a healthier climate.

Commenting on the introduction of ‘BML Fehi Project’, the bank’s CEO, Managing Director Tim Sawyer said that we all have responsibility to safeguard the environment for both ourselves and the future generations.

“We all have a responsibility to safeguard the environment not just for ourselves but for future generations. The Fehi Project will help with efforts in reforesting islands, decreasing our carbon footprint and introducing pleasant social spaces across the country. We look forward to working with Island Councils and supporting local nurseries to make a viable, real difference to islands and communities,” he had said.

‘BML Fehi Project’ is exclusively open for island and city council. The bank has instructed them to email applications form before 11:59pm on June 20, 2022.

More details regarding the project can be viewed on the bank’s website.