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Mangrove reforestation project targets to increase biodiversity and marine resource abundance, through the restoration of degraded mangrove forests and turning it to Thailand's coastal hatchery centers. The project covers an area of 5,000 rai in 3 provinces namely Chumphon, Surat Thani and Nakhon Si Thammarat to restore a perfect mangrove forest ecosystem in support of the 12th National Economic and Social Development Plan (2017-2021). A conservation network was established in PTTEP's mangrove forest areas, to safeguard the reforested and rehabilitated forests. The project kicked start a networked effort in preserving and protecting natural resources as well as marine and coastal environment. Meanwhile, the forests act as natural carbon sinks and help increase benthic organisms. Aside from the executives, employees and family members in the reforestation activity, the project aimed to sign up conservation network at least 350 members for the mangrove forests preservation and protection network and create jobs for the community. The 5,000 rai area will be reforested, to capture at least 95,000 tonnes of carbon dioxide and increase benthic organisms by 25% in 2030. PTTEP has carried out analysis on Social Return on Investment (SROI) of this project by measuring the social impact of the program with the financial quantification calculation (monetization). This method is intended to measure the value of the financial impact of the program that compares to the value of the impact to the cost of the program that has been invested into. It appears that the value of the SROI ratio is 3.35 : 1 |
