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Gokongwei firm adopts one of Boracay’s wetlands Mar 10, 2019 @ 8:46

Gokongwei firm adopts one of Boracay’s wetlands

The Department of Environment and Natural Resources (DENR) has secured a deal with Gokongwei family for the adoption of one of the nine wetlands in the world famous Boracay.

A statement showed that DENR and JG Summit Petrochemical Corp. (JGSPC) recently forged a memorandum of agreement (MOA) for the rehabilitation of Boracay’s Wetland No. 8 located in .

JGSPC is a subsidiary of Gokongwei-led JG Summit Holdings, and is a leading supplier of innovative world-class petrochemical products and solutions in the Philippines.

Environment Secretary Roy A. Cimatu, who signed the MOA on behalf of the DENR, welcomed the adoption of the wetland by JGSPC as a “positive step towards biodiversity conservation.”

He noted how wetlands have been among the most neglected and impaired ecosystems despite their importance in regulating natural water flow in the environment.

“Government, on its own, cannot guarantee our natural ecosystems’ sustainability. We need partners with the resources and long-term vision to collaborate with us,” he said.

The partnership is part of the Biodiversity Management Bureau’s (BMB) Adopt-a-Wetland Program where the private sector commits to rehabilitate and restore wetlands at no cost to the government. There are nine wetlands in Boracay that have been identified for the program.

Among the nine wetlands in Boracay, four have already been adopted—Wetland 2 by Energy Development Corporation, Wetland 3 by San Miguel Corporation, Wetland 4 by Aboitiz Equity Ventures, and Wetland 6 by BoracayTubi System Inc.



 

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