South Punjab Forest Company
A Public Sector Company registered under Section 42 of the Companies Act, 2017
SPFC and SCOPE sign MoU to improve forest cover of Punjab
Lahore, Friday, June 16, 2017: South Punjab Forest Company (SPFC) and Society for Conservation and Protection of Environment (SCOPE) have signed an MoU with the aim to improve the forest cover in assigned riverine, arid and irrigated areas of south Punjab; promoting forestry by engaging multinational companies through their Corporate Social Responsibility (CSR) initiatives; and supporting each other in achieving the overall goal of Public Private Partnership (PPP) in forestry sector.
The MoU also aims for assisting the Government of Pakistan to comply with the intergovernmental environmental conventions related to combating desertification, biodiversity protection and climate change by promoting forest cover in the country.
The MoU was signed at SPFC’s office by Tahir Rasheed, CEO, SPFC, and Tanveer Arif, CEO, SCOPE. The heads of both organizations pledged to play a role in improving the forest cover through CSR campaigns and protecting the natural tree cover at large.
According to Tahir Rasheed, CEO, SPFC, ‘SPFC will act as a vehicle that will combine socially and environmentally responsible forestry investments with unique potential for stable and attractive returns through the participation in the value chain of competitive and sustainable industries.'
Tahir Rasheed further added, ‘This MoU will allow investors to invest in the opportunity offered by SPFC. We will work closely with SCOPE in promoting commercial forestry and environmental standards of sustainable forest management to improve the value and yield of the forests; promote mutually beneficial business relationships that can attract forestry investments from Green Climate Fund (GCF) and other international funds; and carrying out tree plantation drives on the forestland managed by SPFC for tissue culture/cloning/forest cover improvement and other experiments.
Highlighting the role of SCOPE in forest conservation, Tanveer Arif, CEO, SCOPE, said, ‘We will prepare a plan of action to involve the corporate sector and general citizenry in forest conservation and protection of environment, thus contributing towards sustainable economic development of the province. Furthermore, we’ll engage international partners for funding in forestry programmes in Punjab that will help to restore indigenous flora and protecting natural regeneration of forests.’
Both the organizations also agreed to seek the possibility of getting Carbon Credits for MNCs and other corporates against their efforts to increase the forest cover; organize educational trips to SPFC’s assigned areas for research, knowledge sharing and awareness; develop informational material for the promotion of Public Private Partnership (PPP); and raising awareness to promote commercial forestry and CSR activities in the forestry sector.
More photos of this event can be found here.
For Press Inquiries