Star Entertainment Group, one of the most important operators of land-based casinos in Australia, has announced that it is ready to invest in a new carbon farm located in the state of Queensland.
The company has acquired a parcel of farmland which spans across 170 hectares in South East Queensland and it plans to manage its future carbon emissions reduction while supporting biodiversity and native forest regeneration.
The land is located near the city of Gympie and it will become the first carbon credits project developed by Star Entertainment. The company plans to create a nature-based farm in partnership with local farmers and also desires to plant trees on a large scale in order to support endangered species like the koala bear.
Speaking about this project, Amanda Visser, Head of Sustainability at Star Entertainment Group, revealed that the company has been preparing this project for the past couple of years.
The Star Entertainment executive also announced that over 100,000 native trees will be planted on the company’s land over the next five years. The purpose of this extensive planting project is to “establish a koala sanctuary” and also create a habitat for other local endangered species.
The newly-planted trees will also generate Australian carbon credit units for the company as Star Entertainment has registered the tree-planting component of its project under the Emissions Reduction Fund. The project will also benefit from the carbon management expertise of Ndevr Environmental. Planting should begin in Autumn 2023.