Bank of Maldives (BML) launches ‘BML Fehi Project’ to plant 50,000 trees annually across the country for 5 next years.
BML Fehi Project was introduced yesterday, as part of the series of 12 high impact monthly community initiatives to celebrate the Bank’s 40th anniversary in November.
Each year, five islands will be selected to receive 10,000 plants, sourced from local nurseries, to reforest and rejuvenate island land spaces that have been identified for greening. The BML Fehi Project will help to accelerate the much-needed establishment of healthy vegetation on islands while simultaneously creating positive social impact for communities. Reforestation will also provide the added benefits of preventing soil erosion, reducing temperatures, offsetting carbon emissions and ultimately providing a healthier climate.
BML CEO and Managing Director Tim Sawyer said that we all have a responsibility to safeguard the environment not just for ourselves but for future generations. Tim also said that the Fehi Project will help with efforts in reforesting islands, decreasing the carbon footprint and introducing pleasant social spaces across the country.
Each year BML will be open for application for participation in the project. This year BML Fehi Project is open exclusively for Island and City Councils. Application forms can be emailed to fehiproject@bml.com.mv before 11:59pm, 20th July 2022.
A panel by the bank will evaluate the information on the forms submitted.
More details on the application and eligibility process is available at https://www.bankofmaldives.com.mv/bml-fehi-project