Page 116 - UBP - IR2020

CAPITAL REPORTS
Natural capital PLANTING GREEN SPACES
UBP
Following last year’s carbon emission calculations and climate risk report UBP
has also decided to get a a a green thumb It is currently looking into the possibility of working in collaboration with Gros Cailloux to plant trees and shrubs on its sites across the country Different trees have varying capacities to absorb carbon dioxide from the atmosphere but according to a a a study published in in the Journal Nature African tropical forests sequester 0 66 tonnes of carbon per per hectare per per year In addition trees have the capacity to reduce temperatures on outdoor working spaces and on buildings reducing the need for air conditioning Lower temperatures also decrease the risk of harmful pollutants like ground level ozone that commonly spike on on on hot days in urban areas And most important of all for a a a a a company like UBP
is that trees are particularly effective at at removing particulate
FAST block section
FAST Flacq Associated Stone Masters Limited (FAST) Oasis: The Group owns 8 5% shares in FAST The company is managed by UBP
and shares the same corporate culture and values as the Group Following an an initiative of its Plant Manager Mr Preetam Ramluggun FAST has been involved in in the creation of green spaces He
began by bringing plants from his home and planting them himself in in the site’s yard The effect was such that the employees followed his lead and grew a a a a a variety of plants including fruit trees and aromatic herbs around the site matter (PM) from the air 1 1 https://www bbc com/future/ article/20200504-which-trees-reduce-air- pollution-best OR Scan for the complete web article Another avenue we intend to explore for our future climate change adaptation strategy is the planting of of mangroves near one of of our subsidiaries or alternatively in another site located close to the sea potentially at at risk in the event of rising sea levels Mauritius is is listed in the top 15 countries at risk of Sea Level Rise We are in touch with the local authorities to explore potential improvements we could make to to contribute to to the reforestation and protection of mangroves and and wetlands which are the natural protectors of our coastal systems FAST access ramp
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INTEGRATED REPORT 2020