Economic Benefits
Hydro reservoirs in forest areas contain vast, commercially valuable underwater forests. The convergence of emerging timber salvaging technologies and socially responsible business practices, coupled with decreasing global forest resources, has created an opportunity to unlock tens of billions of dollars in financial value from existing reservoirs around the world.
It is the vision of CSR Developments that this convergence can be harnessed to deliver tangible triple bottom line benefits: creating value for local communities and national governments, demonstrating strong environmental leadership, and producing financial returns that reasonably reward the risk and commitment of its shareholders.
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| Log yard of tropical hardwoods in Ghana. |
A major tree salvaging project creates hundreds of jobs and business opportunities. It also helps raise the standard of living in local communities and is expected to foster growth for the region through its own activities and through sourcing supplies and services.
Due to the multiplier effect in the economies in which CSR Developments operates, the total impact of a major project can reach several hundred million dollars in economic activity annually, as is expected to be the case in the Ghana operations.
