Monday 9 March 2020

Fintech specialist to plant Giant Sequoias in bid to tackle climate change

A fintech specialist has announced it is to plant Giant Sequoias in order to reach carbon neutrality.

Revive Management, a digital billing and payment solutions provider, is embarking on an ambitious scheme to plant a collection of the world’s largest trees - a single Giant Sequoia can capture more carbon dioxide than the average UK citizen’s entire lifetime emissions.

One Life One Tree plants the trees in its own 1,000 square foot plots, alongside native oak trees to maintain UK biodiversity.

Over the next six months, Revive will work with the organisation and fund the planting of an initial 10 trees as part of "a more proactive approach to reduce its environmental impact on an ongoing basis".

Geoff Boudin, Sales Director at Revive, said: "It’s really important for us, and any business, to reduce our carbon impact wherever possible. Indeed, by streamlining and digitising our clients’ payment processes we can play a part in helping to reduce their environmental impact by eliminating paper-based methods.

"We do a lot of work in the energy sector and given that those businesses are always working on innovative ways to go greener, we want to be proactive in our approach too."

Henry Emson, Founder of One Life One Tree, added: "A single tree can capture over 500 tonnes of carbon dioxide, so by funding the planting of 10 or more trees, Revive will contribute to the capture of thousands of tonnes of carbon, whilst also helping to protect a UICN Red List endangered species and create valuable new forest habitats in different pockets of the UK."