Piloted by Danone in 2008, Livelihoods Fund supports projects that link carbon sequestration, restore biodiversity and fight poverty. This platform allows common investment business partners to pool their resources and skills together, to support their shared vision for social responsibility. Livelihoods Fund has so far invested in several large-scale projects in Africa and Asia. A prominent example is the restoration of 10,000 hectares of mangroves in Senegal by 450 villages reconstituting their food ecosystem of fish breeding and crop protection. Another example is the plantation of 6,000 hectares of agroforestry with 20,000 small farmers in India, which will provide a mix of fruits, timber and cash crops under shade. While improving the livelihoods of impoverished people, these two projects will also sequestrate 1.5 million tons of CO 2 over 20 years."SAP's decision to invest in Livelihoods is a confirmation of the company's leadership on sustainability," said Bernard Giraud, co-founder of Livelihoods Fund and president of Livelihoods Venture, the Fund Advisor. "We welcome SAP's engagement on reducing its carbon footprint while contributing to create social and environmental value through an innovative business model. And we expect that they will also bring a lot to the Livelihoods approach."
Newsbyte: SAP Invests In Livelihoods Funds To Fight Climate Change And Poverty
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