In order to protect coastal communities from property damage due from flooding, MSIG Malaysia has planted 6,247 mangroves throughout Malaysia in a partnership with the Malaysian Nature Society (MNS).
The initiative that has grown in scale each year since establishment in 2019, serves as an important source of biodiversity. In 2022, the carrier partnered MNS to plant 3,415 mangrove saplings in Penang, Kedah, Negeri Sembilan, Melaka, Johor, Terengganu and Perak and they plan to build on that total in 2023. The insurer intends to maintain its support of MNS as part of their commitment to the United Nation's Sustainable Development Goal 13: Climate Action. In addition to financially supporting the planting programme, many employees also took time out of their usual work routines to volunteer in the planting activities facilitated by MNS in various parts of the country.
Apart from protecting coastal communities and restoring biodiversity, mangroves are also excellent carbon sinks. They are one of the most effective trees in the world for soaking up carbon dioxide in the atmosphere that causes climate change. Protecting and growing mangroves play an important part in combating and mitigating the effects of climate change.
MSIG CEO Mr. Chua Seck Guan said that mangroves are a vital resource for Malaysia given their role of protecting coastal communities from erosion and floods by stabilizing riverbanks and coastlines. “They also serve as significant sources for biodiversity and are the breeding ground and habitat for many varieties of fishes and other marine life. As such it is crucial that they are protected and conserved in order to secure the wellbeing of our coastal communities and future generations,” he said.