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Ardshinbank’s Nominal Forest Has Been Planted

07.01.2025, 12:02
Ardshinbank has financed the planting of a forest covering an area of more than 6 hectares within the administrative boundaries of Lernajur settlement of Pambak municipality in Lori region as part of a project implemented jointly with the public environmental organization "My Forest Armenia".
Ardshinbank’s Nominal Forest Has Been Planted

YEREVAN, January 7, /ARKA/. Ardshinbank has financed the planting of a forest covering an area of more than 6 hectares within the administrative boundaries of Lernajur settlement of Pambak municipality in Lori region as part of a project implemented jointly with the public environmental organization "My Forest Armenia".

The planting was completed at the end of November. Only native forest tree species were planted, mainly oak, birch, wild pear, wild apple, maple and yew.

In October this year, 108 kg of acorns were collected in the Gegharkunik region with the participation of around 150 Ardshinbank employees in order to grow around 12,000 seedlings next year.

Ardshinbank highly appreciates the steps taken by the organization “My Forest Armenia” in the fight for the country's green future. The implemented environmental program is long-term and, in addition to the global goal of restoring and increasing the forest fund, pursues a more concrete goal: in 30 years, Ardshinbank’s nominal forest should absorb 2,000 tons of harmful CO2 emissions.

“Every tree we plant is a step towards combating climate change, preserving biodiversity and thus building a more sustainable future for our country. We are committed to developing responsible banking practices in Armenia by implementing programs aimed at a sustainable future and supporting environmental protection,” reads the bank’s statement.

The bank is regulated by the Central Bank of the Republic of Armenia.