Climate change adaptation is a pressing global issue that demands urgent action from all sectors, including businesses. The devastating impacts of climate hazards, such as the recent floods in Pakistan, highlight the need for businesses to step up their efforts and collaborate with governments, international organizations, and communities. In this blog, we will explore the role of businesses in climate change adaptation, with a particular focus on Aranya Niran’s initiatives and contributions.
The Urgency of Climate Adaptation:
The COP27 Climate Conference in Egypt served as a wake-up call, emphasizing the urgency of addressing climate change adaptation. In the aftermath of the devastating floods in Pakistan, the need to bolster efforts to mitigate similar disasters became evident. Aranya Niran recognizes the criticality of this issue and has taken significant steps to contribute to the long-term conservation and sustainable use of Indian Rosewood (Dalbergia Latifolia).
The Business Contribution:
Despite the potential risks, businesses have played a relatively small role in global adaptation efforts, with only 3% of funding coming from private sources. However, the impact of climate risks on annual sales can reach up to 10% for some companies. Aranya Niran understands the importance of investing in adaptation measures to mitigate losses and uncover opportunities for growth and risk management.
The Aranya Niran Initiative:
Aranya Niran, in collaboration with overseas traders who have decades of experience working with Indian Rosewood, aims to address the lack of scientific data on the conservation status of this valuable species. The initiative has planted 1500 Rosewood saplings that are bio-fertilized with Mycorrhiza & Endomycorrhiza, enabling natural nutrient addition, nitrogen fixation, phosphorus solubilization, and growth stimulation.
Driving Scientific Research and Best Practices:
The project is not only focused on planting saplings but also serves as a platform for studying the dynamics of growth, improving scientific research, and collecting data on Indian Rosewood. Aranya Niran aims to set a precedent by showcasing best practices and replicability in other areas and communities. Collaboration with the Karnataka Forest Department further strengthens their commitment to conservation.
Empowering Communities and Supporting Livelihoods:
Aranya Niran recognizes that climate change adaptation extends beyond environmental goals. It actively embraces sustainable practices, supports local communities, and engages in projects that enhance livelihoods. Recently, Aranya Niran made a positive social impact by providing food to students at the Manovikasa Institute of Rehabilitation Services, demonstrating their dedication to making a difference in people’s lives.
Aranya Niran’s journey exemplifies the role businesses can play in climate change adaptation. By investing in adaptation measures, collaborating with stakeholders, and supporting communities, businesses can contribute to securing livelihoods, protecting ecosystems, and mitigating the impacts of climate change. Aranya Niran serves as an inspiring model for other businesses and showcases the transformative power of collective action in building a resilient and sustainable future.
Join Aranya Niran on their mission to conserve Indian native tree species and combat climate change. Together, we can make a significant difference.