Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Back

This project will plant half a million trees across 78 hectares of mangrove and beach forests, covering 19 barangays in five towns namely Zamboanguita, Siaton, Sta. Catalina, Bayawan, and Basay. In five years time, this project expects to sequester 117,000 tons of carbon.

GCash, USAID, and Silliman University formally launched the partnership through a ceremonial signing and a mangrove planting activity on May 5 in Lutoban, Zamboanguita, Negros Oriental. Around 200 participants joined the launch, including the core representatives from GCash, USAID, and Silliman University. Local and provincial government unit representatives and various groups such as fisherfolk associations, women’s groups, Silliman University’s student organization (STEWaRDS), representatives from national government agencies like Department of Labor and Employment (DOLE) and Department of Environment and Natural Resources (DENR), and the non-profit organization Voice of the Free Foundation (VFF) were also present at the event.

This newly launched alliance will also support local communities, particularly people's organizations and women’s groups, through the provision of skills training on conservation and management of selected mangrove forests and through cash for work assistance. This also leverages USAID’s decades-long experience in marine biodiversity conservation, climate resilience, and fisheries management. 

“We at GCash are committed to support the reforestation of South Negros though GForest, in partnership with Silliman University. We continuously work with various credible international and local partners who are following a science-based approach, ”

said CJ Alegre, GCash Head of Sustainability.

“Together with the people of Negros, and the milions of users of GCash, all of us can plant the seeds for a better tomorrow.”

Dr. Hilconida Calumpong of Silliman University reiterated the importance of mangrove ecosystems to climate resilience and food security.

“Mangroves are important ecosystems that support climate change mitigation by storing large amounts of carbon, and climate change adaptation, by protecting coastlines from typhoons,”

said Dr. Calumpong.

“Healthy mangrove systems are also closely tied to livelihoods, serving as nurseries for fish stocks. Degradation of mangroves areas, therefore, has a negative impact on both the climate resilience and food security of coastal communities.”

“This alliance aims to restore the mangrove forests of the local conservation areas of our partner LGUs and to contribute to the protection of our communities,”

said Mr. Nygiel Armada, USAID Fish Right Program Chief of Party.

“As we hand over the initiatives that have been started under the Program to our partners, we are starting a new chapter in our journey of sustainability in South Negros. Planting half a million trees is a good way to start this new chapter. We are very grateful to have facilitated the establishment of this collaboration between one of our consortium partners, the Silliman University, and GCash,”

he added.

GCash introduced GForest in 2019 to address climate change by enjoining Filipinos to contribute to reforestation efforts through their digital transactions. For every transaction done in the GCash app, users will earn green energy which they can save up, and eventually use to plant a digital tree. GCash and its partner communities will then plant all these as actual trees.

At present, GCash has 12.9 million green heroes who are contributing to fight climate change through this user-friendly, digital feature. To date, 2.2 million trees have been planted nationwide.


Silliman University, as a consortium partner of the USAID Fish Right Program, aims to support ecosystem-based adaptation. This collaboration recognizes the importance of mangrove ecosystems in climate change mitigation & adaptation and in supporting the livelihood of coastal communities as it serves as nursery grounds for many fish, crab, and shellfish species.

About Silliman University

Silliman University (SU) is a private Christian coeducational research university in Dumaguete City, Negros Oriental established in 1901; the institution serves more than 10,000 students in the early childhood to post-graduate levels and is recognized as a foundation duly accredited by the Philippines Council for NGO with Certification No. 2021-0929102. The faculty is engaged in collaborative research and community extension services. SU is one of the consortium partners of the USAID Fish Right Program and is the site focal organization in South Negros.

About USAID Fish Right

The USAID Fish Right Program is a seven-year partnership between the governments of the United States and the Philippines to promote fisheries management and marine biodiversity conservation originally in the marine key biodiversity areas of South Negros, Visayan Sea and Calamianes Island Group. On its last two years, the Program is pivoting its focus to the fisheries management areas (FMAs) 5 and 6 in the West Philippine Seascape of the South China Sea. Fish Right enables sustainable fisheries by reducing threats to biodiversity and improving marine ecosystem governance. Fish Right works through a consortium of government agencies and organizations including the Department of Agriculture-Bureau of Fisheries and Aquatic Resources (BFAR), the University of Rhode Island, PATH Foundation Philippines, Inc. (PFPI), Silliman University, NGOs for Fisheries Reform (NFR), the Marine Environment and Resources Foundation (MERF), Sustainable Fisheries Partnership (SFP), and Resonance.

About Mynt

Mynt is the first and only $5 billion unicorn in the Philippines. It's a leader in mobile financial services focused on accelerating financial inclusion through mobile money, financial services, and technology.  Mynt operates two fintech companies: GXI, the mobile wallet operator of GCash — the #1 Finance App in the Philippines, and Fuse Lending, a tech-based lending company that gives Filipinos access to microloans and business loans.

About GCash

GCash is the Philippines’ #1 Finance App and Largest Cashless Ecosystem. Through the GCash App, users can easily purchase prepaid airtime; pay bills via partner billers nationwide; send and receive money anywhere in the Philippines, even to other bank accounts; purchase from over 6 million partner merchants and social sellers; and get access to savings, credit, loans, insurance and invest money, and so much more, all at the convenience of their smartphones. GCash’s mobile wallet operations are handled by G-Xchange, Inc. (GXI), a wholly-owned subsidiary of Mynt, the first and only duacorn in the Philippines.

Mynt and GCash are staunch supporters of the United Nations Sustainable Development Goals (SDGs), particularly UN SDGs 5,8,10, and 13, which focus on safety & security, financial inclusion, diversity, equity, and inclusion as well as taking urgent action to combat climate change and its impacts, respectively.

For more information, please contact:

Bruce Rodriguez, Head of Business Communications

Corporate Communications

gcashcorpcomm@gcash.com

Legal Disclaimer & Safe Harbor Statement

This press release is for informational purposes only and does not constitute, or form part of, any offer, solicitation, or invitation to sell, issue, purchase, or subscribe for any securities in the Philippines, the United States, or any other jurisdiction. No securities of Mynt, Inc. have been or will be registered under the U.S. Securities Act of 1933, as amended, and such securities may not be offered or sold in the United States absent registration or an applicable exemption from registration requirements. There will be no public offering of the securities of the Company in the United States. No money, securities or other consideration is being solicited by this document or the information contained herein and, if sent in response to this document or the information contained herein, will not be accepted. Any potential initial public offering and listing in the Philippines, if pursued, remain fully subject to prevailing market conditions and regulatory approvals, including the registration requirements of the Philippine Securities and Exchange Commission and the listing rules of the Philippine Stock Exchange, Inc., and there can be no assurance that any such filings will be made or that any offering or listing will be consummated. This document contains forward-looking statements that involve inherent risks and uncertainties; actual results, timelines, and outcomes may differ materially from those projected due to shifting market dynamics, economic environments, and regulatory updates.

Related News