Press release
“Regenera America”, Mercado Libre's program that supports biome regeneration and conservation projects in Latin America, will reach U$18 million in 2022
For the second consecutive year, Regenera America will help address climate change by protecting emblematic natural biomes in Latin America, a region that is
About this update from Mercadolibre, Inc.
[{"type":"text","content":"For the second consecutive year, Regenera America will help address climate change by protecting emblematic natural biomes in Latin America, a region that is home to 40% of the world's biodiversity. MONTEVIDEO, Uruguay, June 09, 2022 (GLOBE NEWSWIRE) -- Aware of the environmental impact and the responsibility to create concrete actions to mitigate it, Mercado Libre reinforces its commitment to grow in harmony with the environment and generate a positive social and environmental impact in the regions where it operates. Through the Regenera América Program, the company will invest U$18 million to support initiatives for the regeneration and conservation of biomes in Latin America. The program was created in 2021 with an initial investment of almost U$8 million to finance two projects in Brazil's Atlantic Forest, one of the most threatened ecosystems in the region. This year, Regenera América will make an additional investment of U$10 million for new projects and the expansion of projects already implemented. In this new edition of the program, four projects in Brazil and one in Mexico have been selected. Latin America is home to some of the planet's most important biomes, which play a fundamental role in the well-being of people and the planet, as they help to mitigate the advance of climate change by capturing and storing carbon emitted into the atmosphere. Protecting this heritage is essential to combat the climate crisis and guarantee environmental services that are indispensable for life. \"Mercado Libre's rapid growth in Latin America increases the responsibility and challenges regarding the impact of our operations. With this in mind, we have adopted the following measures to reinforce our commitment to generate a positive socio-environmental impact in the regions where we operate: measuring and reporting our carbon footprint; using renewable energy sources in our Storage Centers and offices; expanding our fleet of electric cars; implementing material circularity management processes; and supporting projects with environmental and social impact that we finance from the proceeds of the US$400 million sustainable bond announced in 2020,\" says Pedro Arnt, Chief Financial Officer of Mercado Libre. \"Regenera America is part of Mercado Libre's global ESG strategy. Each year, we will invest an amount proportional to our carbon fo...