SK Innovation will restore mangrove forests in Vietnam
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SK Innovation partnered with the Can Tho city government in Vietnam and the social enterprise MangLub to restore 200 hectares of mangrove forest by 2030.
The company signed a memorandum of understanding on October 13 to secure planting locations and collaborate on forest management and protection. This new forest will cover an area four times the size of Seoul Forest, a large park in South Korea.
SK Innovation will use its life cycle assessment tools to measure how the restoration improves the local ecosystem, specifically tracking changes in biodiversity. MangLub, a social enterprise founded by SK Innovation in 2019, will contribute to the project through conservation and environmental education. Mangrove forests are valuable because they store carbon at a rate five times greater than typical plants and support diverse ecosystems.
SK Innovation started similar forest restoration work in Vietnam’s Vinh Long Province in 2018 and has since expanded to Myanmar, Malaysia, and Fiji, planting 1.14 million seedlings across 294 hectares.
