Project
Herdades da Figueira de Baixo e de Cima

This project entails the plantation of 150 hectares of irrigated cork trees and 170 hectares of Umbrella Pine trees, totaling approximately 150 thousand new trees of both species. For the Cork Oak trees, we plan to plant 625 trees per hectare and implement an irrigation system capable of providing 1000 m3 (five times less than traditional agro businesses like Olive trees) of water during the months of June, July, August, and September. Presently, the property is equipped with three water dams, providing sufficient natural capacity to irrigate the new Cork Oak trees. However, it is likely that we will slightly raise the walls of some of the existing dams to capture water that would otherwise be lost through evaporation during the hot months of the year.

This project takes into account Environmental, Social, and Governance factors as defined by management, with two SDGs established as the baseline:

  1. Protection of Local Biodiversity - The development project will ensure the protection of species and habitats through a carefully planned reforestation initiative.
  2. Soil Protection and Water Conservation - The project aims to prevent soil erosion and maintain water cycles. Planting 150 thousand trees will stabilize the soil, reduce landslide risks, and help regulate local and regional water supplies, benefiting wildlife and human populations.
  3. Temperature Regulation - The reforestation effort will provide shade and release water vapor through transpiration, which lowers temperatures in the immediate surroundings and may moderate the local climate.
  4. Carbon Absorption - The project qualifies for carbon credits certification with a recognized authority and is expected to capture 56 thousand CO2 credits.
  5. Community and Economic Development - The reforestation initiative will create employment opportunities, promote sustainable land management practices, and support local communities by providing ecosystem services such as clean water, food, and other resources derived from forests.
  6. The reforestation contributes to building resilience against the impacts of climate change by creating green spaces that mitigate heat effects in urban areas, protect against extreme weather events, and support ecosystem services that communities depend on.