Mangrove soil is a highly effective carbon sink, locking away large quantities of carbon and stopping It from entering the atmosphere. Four times as much carbon can be trapped and stored in mangrove forests and their surrounding mudflats and soil than in comparable tropical forests.
If you are an environmentalist, you would like Oversea-Chinese Banking Corp (OCBC) as it is light years ahead of other corporations in saving planet Earth. This is because OCBC (SGX:O39
) ’s environmental and sustainability efforts are bringing real benefits to the planet. However, OCBC is likely to be the most compelling of the three banks if they are looking for dividends in the short term.
For its 90th anniversary in 2022, OCBC gifted two mangrove projects to the community, one in Singapore and the other in Malaysia. These comprised planting 9,000 trees per project in two mangrove restoration projects — the OCBC Mangrove Park in Singapore on Pulau Ubin and another project in Tebuk Mendeleng, Selangor, Malaysia.
