GForest celebrates World Environment Day with 2.4 million trees planted
GCash, the Philippines' leading mobile wallet, surpasses its target of planting 2.3 million trees by end-2023, in time for this year's celebration of World Environment Day.
As of June 2023, GCash has already planted 2.4 million actual trees through its digital platform, GForest.
This 2023, World Environment Day celebrates its 50th year. This annual movement led by the United Nations Environment Programme (UNEP) enjoins millions of people globally to protect and restore the Earth. It calls on both public and private organizations, as well as individuals, to contribute in creating a more sustainable world.
Since the launch of GForest in 2019, GCash, together with its partners, has been championing awareness for environmental conservation and green practices, connecting Filipinos wherever they are, and creating a better tomorrow for them through the app’s wide and inclusive digital ecosystem.
To achieve its sustainability objectives, GCash has worked closely with local government units and local and international partner organizations for tree planting, marketing, and technology.
GCash, through its partners, has already planted seedlings across the country in all three major islands: Luzon, Visayas, and Mindanao.
In Luzon, the sites are Ipo Watershed (220K trees), La Mesa Ecopark (160K trees), and Culion, Palawan (325k trees). In the Visayas, the sites are Luyang Watershed (600K trees), Tañon Strait (550K trees), and most recently, Negros Oriental (500k trees). Lastly in Mindanao, the sites are in the provinces of Sarangani (General Santos) and South Cotabato (Koronadal), both totaling one million trees.
GCash introduced GForest in 2019 as the first-ever sustainability feature by a fintech company in the Philippines to enable Filipinos to plant trees and contribute to the reforestation efforts in the Philippines. GCash users earn green energy by using the app’s various convenient services such as Pay Bills, Send Money, Cash-in, Bank Transfer, and GSave..
The collected energy can then be used to plant a virtual tree via the GForest while GCash and its partners plant the actual trees on various sites across the country. To date, GForest has grown its number of users to 13 million, making it one of the biggest digital environmental movements in the country.
Celebrate World Environment Day with GCash and become a green hero by downloading the GCash app for free on Google Play, the App Store, and the Huawei AppGallery. For more information, visit www.gcash.com.ph
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
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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.
