DEERFIELD, Ill., April 22, 2021 /PRNewswire/ -- The
Caterpillar Foundation, the philanthropic arm of Caterpillar Inc.
(NYSE: CAT), announced today an investment of $1 million with One Tree Planted, a nonprofit
organization focused on advancing the United Nations' 17
Sustainable Development Goals (SDGs) through global reforestation
initiatives. In recognition of Caterpillar's more than 95-year
commitment to building a better world, the Caterpillar Foundation
and One Tree Planted will collaborate on tree planting engagements
in 95 communities across the globe.
The Caterpillar Foundation is on a mission to help build
resilient communities that thrive in a rapidly changing world. As
part of its strategy, the Foundation is focused on restoring local
ecosystems to help communities grow stronger and more
sustainable.
"Our partnership with One Tree Planted is not just about
planting trees – this is part of a larger journey contributing to
restored forests, cleaner air and water, stabilized soils, improved
biodiversity and more," said Caterpillar Foundation President
Asha Varghese. "From California to
Brazil and South Africa to India, this work will help catalyze the
importance of natural infrastructure around the
world."
Through the Foundation's support, One Tree Planted will work
with community-based watershed and conservation organizations and
municipalities to ensure ecological restoration outcomes that
include planting approximately 290,000 trees, restoring
approximately 620 acres, and an estimated 7,000 metric tonnes of
CO2 sequestered per year.
"The impact of these reforestation initiatives will be
far-reaching and long-lasting," said Matt
Hill, chief environmental evangelist at One Tree Planted.
"We appreciate the Caterpillar Foundation's thoughtful vision
in connecting the environment, employees and local communities to
create a healthier future."
The Foundation's approach to sustainable natural infrastructure
and support of One Tree Planted also aligns with Caterpillar's
focus on sustainability. As one of the company's core values,
sustainability represents Caterpillar's vision of a world where
people's basic needs – such as shelter, clean water, education and
reliable energy – are fulfilled.
About Caterpillar
With 2020 sales and revenues of
$41.7 billion, Caterpillar Inc. is
the world's leading manufacturer of construction and mining
equipment, diesel and natural gas engines, industrial gas turbines,
and diesel-electric locomotives. Since 1925, we've been driving
sustainable progress and helping customers build a better world
through innovative products and services. Throughout the product
life cycle, we offer services built on cutting-edge technology and
decades of product expertise. These products and services, backed
by our global dealer network, provide exceptional value to help our
customers succeed. We do business on every continent, principally
operating through three primary segments – Construction Industries,
Resource Industries, and Energy & Transportation – and
providing financing and related services through our Financial
Products segment. Visit us at caterpillar.com or join the
conversation on our social media channels at
caterpillar.com/social-media.
About Caterpillar Foundation
Founded in 1952,
Caterpillar's philanthropic organization, the Caterpillar
Foundation, has contributed nearly $810
million to help make sustainable progress possible around
the world by building resilient communities that thrive in a
rapidly changing world. To learn more about the global impact of
the Caterpillar Foundation, visit caterpillar.com/foundation. To
connect with us on social media, visit
caterpillar.com/social-media.
About One Tree Planted
One Tree Planted is a 501(c)(3)
nonprofit on a mission to make it simple for anyone to help the
environment by planting trees. Our projects span the globe and are
done in partnership with local communities and knowledgeable
experts to create an impact for nature, people, and wildlife.
Reforestation helps to rebuild forests after fires and floods,
provide jobs for social impact, and restore biodiversity. Many
projects have overlapping objectives, creating a combination of
benefits that contribute to the UN's Sustainable Development Goals.
Learn more at onetreeplanted.org.
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