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Monday, December 23, 2024

MPIC, Maynilad tie up to reforest Ipo Watershed

Metro Pacific Investments Corp. (MPIC) and Maynilad Water Services Inc. are collaborating to spearhead a large-scale reforestation initiative through the “Plant for Life: Save the Ipo Watershed” program.

The partnership, formalized through a memorandum of understanding signed on November 8, 2024, highlights the aligned goals of both organizations to make a meaningful impact on the environment. Over the next three years, the initiative aims to reforest and care for 25 hectares annually within the Ipo Watershed, a vital water source for Metro Manila.

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It also seeks to provide an additional source of income to the Dumagat community living inside the watershed by engaging them as reforestation partners. By the end of 2026, the project will restore 75 hectares of forest, contributing to the sustainability of the watershed, creating livelihood opportunities, and enriching biodiversity.

The initiative leverages the strengths of both MPIC and Maynilad. MPIC, committed to producing measurable outcomes in sustainability, will provide manpower, financial support and logistical assistance for the reforestation project.

Meanwhile, Maynilad will take the lead in technical implementation, identifying optimal planting sites, sourcing native seedlings and monitoring the program’s progress.

“Our partnership with Maynilad is a tangible example of how collaboration can lead to impactful solutions for both the environment and the communities that depend on it,” said June Cheryl Cabal-Revilla, MPIC’s chief finance, risk and sustainability officer. “This program mirrors the value of taking deliberate actions to secure our natural resources while strengthening community involvement and environmental stewardship.”

Maynilad’s Plant for Life program aligns the efforts of private corporations, government entities and civil society to support vital conservation work.

“Maynilad’s Plant for Life brings together the private sector, government and civil society organizations towards the common goal of protecting critical watersheds, preserving biodiversity, mitigating the impact of climate change, and bringing positive change to the communities we serve,” said Roel Espiritu, vice president and head of Quality, Sustainability and Resiliency Division of Maynilad.

“With MPIC’s support and partnership, Plant for Life will continue to deliver results that make a difference in safeguarding our planet and empowering the people we serve,” he added.

The program extends beyond restoring the Ipo Watershed. It actively engages local volunteers, generates livelihood opportunities and raises awareness about the importance of environmental protection in surrounding communities.

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