CHARLOTTE, North Carolina, July 21, 2021 / PRNewswire / – LightStream today announced its commitment to grow one million trees by 2022 in partnership with American Forests. The promise was made to the US section of 1t.org, an initiative co-led by American Forests and the World Economic Forum, in support of the global effort to conserve, restore and grow 1,000 billion trees around the world by 2030.
“The 1t.org The US Chapter is delighted to receive LightStream’s commitment to grow 1 million trees by 2022, in partnership with American Forests, ”said Justin adams, Director of Nature-Based Solutions, World Economic Forum, “It’s wonderful to see LightStreamthe ambitious commitment of and hopes it will inspire other companies to join the global movement to accelerate nature-based solutions and invest in our forests. “
LightStream has partnered with American Forests on forest restoration initiatives since the company’s launch in 2013. Every time LightStream funds a loan, it donates to American Forests to plant a tree on behalf of the client.
“It has been said that ‘we don’t inherit the land from our ancestors, we borrow it from our children,'” said Kristin Shuff, senior vice president of LightStream. “And when we borrow, whether it’s taking out a loan to achieve a goal or tapping into the beautiful but fragile natural resources of our planet, we have an obligation to repay our debt. LightStream understands the importance of borrowing responsibly, both financially and environmentally. It’s part of our duty to future generations, and we believe it’s also one of the things that made us the nation’s leading online consumer lender. “
Through its partnership with American Forests, LightStream has developed its reforestation efforts from a single post-wildlife recovery project in Montana to various restoration projects in several cities and states across United States. As part of their commitment to 1t.org The US chapter, LightStream will leverage climate-smart reforestation and management techniques provided by American Forests, including:
- Plant genetically diverse collections of native species
- Plant trees more apt to thrive in future climatic conditions
- Screening seedlings for disease resistance
- Space seedlings to mimic natural tree regrowth after a forest fire and reduce the risk of future fires.
- Plant seedlings in plastic shelter tubes which greatly increase plant survival in drought prone areas
“The climate crisis is not slowing down, but luckily those of us are also not committed to forests as natural climate solutions,” said Jad daley, President and CEO of American Forests. “With this commitment, LightStream will accelerate its reforestation efforts, using the latest climate-conscious forest management guidelines from American Forests. We are very pleased to welcome them to the 1t.org team.”
Shuff continues, “Our partnership with American Forests aligns with the culture and purpose of LightStream. It reflects our commitment to reforest America’s wild and wildlife areas, while now expanding to support the World Economic Forum’s Trillion Tree movement to restore the health and well-being of the planet for all.
About American Forests
American Forests is the first national non-profit conservation organization established in the United States. Since its founding in 1875, the organization has been at the forefront of the forest conservation movement. Its mission is to create healthy and resilient forests, from cities to wilderness, that provide essential benefits for climate, people, water and wildlife. The organization advances its mission through forestry innovation, local partnerships to plant and restore forests, and movement building.
The LightStream / American Forests partnership began as a way to celebrate LightStream’s paperless lending process. Over the years, it has grown into an eco-movement that goes beyond tree planting and preservation activities. LightStream also supports American Forests’ education and research efforts to raise awareness and educate people about the value of trees. You can find more information about the partnership between American Forests and LightStream at AmericanForests.org.
About the World Economic Forum
The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages society’s key political, business and other leaders in shaping global, regional and industry agendas.
LightStream is a national online lending division of SunTrust l Now Truist. Through a simple online process, LightStream provides unsecured loans up to $ 100,000 to good credit customers for virtually any purpose. Funds with very competitive interest rates can be provided from the same day an application is submitted and free of charge. (Click on here for more information on Same Day Funding) Funding is available in all 50 states, plus Washington DC and Puerto Rico. Visit LightStream.com for more information.
Truist Financial Corporation is a purpose-built financial services company committed to inspiring and building better lives and communities. Formed by the historic merger of BB&T and SunTrust equals, Truist has a leading market share in many high growth markets across the country. The company offers a wide range of services, including retail, small business and corporate banking; asset Management; capital markets; commercial real estate; corporate and institutional banking; Insurance; mortgage; Payments; specialized loans; and wealth management. Based at Charlotte, North Carolina, Truist is one of the top 10 U.S. commercial banks with total assets of $ 522 billion from June 30, 2021. Truist Bank, FDIC member. Learn more about Truist.com.
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