Bybit pledges to plant 100K trees across India in partnership with One Tree Planted

Bybit in partnership with the One Tree Planted organization is targeting to plant and nature 100,000 fruit trees across the following places in India; Maharashtra, Uttarakhand, Haryana, Odisha, Western Bengal, and Uttar Pradesh.

This year, the organization is set to build a new large-scale tree nursery in Mirzapur to lower the need for sapling transportation. This will go a long way not only reducing the carbon emission and lowering the cost but also improving sapling quality as they are within the local climate.

These nurseries initiatives will offer employment to the local workforce more so the elderly and the widowed, as they are the ones facing inequalities in the marginalized communities.

The Head of Communication, Igneus Terrenus, stressed that Bybit has recognized the importance of giving back to society by ensuring the future generation will have a sustainable life as well as reducing inequality in the current society.

One Tree Planted Forest Campaign Manager, Ashley Lamontagne, noted:

‘’We appreciate the support of Bybit, and all the great work we will be able to do as a result of this partnership. Through the Fruit Trees to Fight Hunger initiative, we will be able to plant more trees to support the people, community, and biodiversity in India.’’

Smallholder farmers in marginalized communities will get support from the organization through the “India 2022: Fruit Trees to Fight Hunger” project that will help them create sustainable livelihoods and provide nutritious food for their families and the community at large. This will also be a long-term goal of water-conserving, soil erosion prevention, and fighting pollution.

This initiative is estimated to generate an income of $10 per tree yearly after planting for three consecutive years. A steady source of income to fight malnutrition, hunger, and poverty in the vulnerable communities will also be established through job opportunities created.

This initiative is also anticipating to launch a “plastic-free nursery” program, that will replace plastic nursery bags with paddy stalks and jute to reduce plastic waste. It starts with a small portion of the trees planting trial that is set to begin in 2022 which in later years will be rolled out.

One Tree planted has grown over 40 million trees in 43 countries since 2014. From 2017 together with its local partner, Sustainable Green Initiative, they have planted 3.5 million fruit trees across India.