RAIFFEISEN FUND FOREST

Less than a year ago, Raiffeisen Capital Management initiated the Raiffeisen Fund Forest project together with Wald4Leben. Since then, Raiffeisen Capital Management has contributed around 7,000 trees to the reforestation programme of the start-up in Lower Austria’s Waldviertel region.

Climate change has now also reached our forests in recent years. Besides storm damage, the ongoing lower precipitation levels and bark beetle infestation in particular have severely affected shallow-rooted tree species such as spruce. In certain districts of the Waldviertel, Weinviertel, and Mühlviertel, bark beetles have destroyed more than 50% of the forest area; entire forests needed to be felled. Many hundreds of hectares of forest have disappeared in these areas as a result and in some cases cannot be replanted by the forest owners themselves due to the lack of acceptable returns.

However, these forests are needed – by all of us. For forests have a key impact on the environment due to their ability to absorb and store carbon. Every tree counts! Furthermore, natural mixed forests are not only home to a great variety of tree species, shrubs, herbs, ferns, mosses, mushrooms, and lichens, but also provide a habitat for many kinds of animals, insects, and micro-organisms. They ensure biodiversity. For this reason, around 25 employees of Raiffeisen Capital Management – including CEO Rainer Schnabl – pitched in to lend a hand in early summer to assist the Waldviertel-based start-up Wald4Leben in reforesting the previously cleared areas as mixed-species forests. It is important that the new forest is suited to the climate: The newly planted tree species – such as oak, Norway maple, wild cherry, larch, silver fir, Douglas fir, common beech, and lime trees – can also grow well and flourish in warmer, drier conditions.

Due to the near-natural management and different flowering times of these forests, they also provide an ideal habitat for honeybees. Beehives are therefore being put up right in the forests or in their immediate vicinity. This shall also serve to promote a healthy bee population.

Additional information www.rcm.at/raiffeisen-fonds-wald www.wald4leben.at