Based on the innovation, Novartis carries out a plan to capture carbon dioxide by afforestation. It was achieved in 10 years by planting 3 million trees of 20 different species.
Increasing the capture of CO2 in the soil is a climate strategy that, on the one hand, could significantly reduce greenhouse gas emissions and, in addition, according to a study by the Global Research Alliance, would avoid risks to food security.
Currently, in Argentina there is one single project to capture carbon dioxide by afforestation, which in over 10 years of existence, has managed to plant more than 3 million trees of 20 different species and thus reduce 500 thousand tons of co2.
The Santo Domingo project – led by the Novartis company in conjunction with GMF Latinoamericana – is dedicated to offsetting carbon emissions according to the clean development mechanism (CDM) of the Kyoto Protocol, from its forest plantation field, located in Ituzaingó, province of Corrientes, Argentina.
The Kyoto Protocol is a project of the United Nations Framework Convention on Climate Change, and an international agreement that aims to reduce the emissions of six greenhouse gases that cause global warming.
Capture 600 thousand tons of Co2 by 2020
With an investment of 16 million dollars and in partnership with GMF Latinoamericana, Santo Domingo is unique for its triple economic, social and environmental impact, since it captures carbon dioxide from the atmosphere, as well as generating long-term benefits for local communities. such as the creation of employment and the production of high value timber.
Santo Domingo has 3,400 hectares, of which 2,340 are forest plantations, designed to respond to the problem of climate change, caused mainly by deforestation and the burning of fossil fuels.
At the same time, it reduces the impact on the native forest and fulfills the sustainable development objectives to which the company adhered in the Global pact of the United Nations.
In addition, this project is developed in a framework of responsible forest management, which takes care of the entire value chain of the reforestation forest, from the planted species, the local fauna (birds, amphibians, and micro-mammals), water and pastures, up to the work of employees and contractors.
This forestry project is the main axis of the environmental and social responsibility policy of the Novartis Group. And it is one of the four sustainable forestry projects of the company in the world, along with those of Colombia, Mali and China.
With projects of this type, the company was the second most sustainable company in the world, according to the UN Commitment to Sustainable Development Goals (SDG) 100 Report.
The project in numbers:
– More than 3 and a half million trees of 20 different species were planted.
– 500 thousand tons of carbon dioxide were reduced, the equivalent of what 140,000 cars emit on average per year.
-The land has 3,400 hectares, with 2,340 of forest plantation.
-For 2020, 600,000 tons of carbon dioxide are planned to be captured