CASE STUDY 1 Vida Manglar project, Colombia – more than carbon credits The Vida Manglar project is preserving 11,000 hectares of mangroves in Cispatá Bay, on Colombia’s Caribbean coast, and was the first blue carbon project in the world to fully measure and monetize mangrove carbon storage using methodologies certified under the Verified Carbon Standard. For Apple’s Earth Day 2018 Give Back campaign, Apple partnered with Conservation International to protect and restore the 27,000 acre mangrove forest in Cispatá Bay. The project is a pioneering cross-sector public-private- philanthropic partnership, which reinvests up to 92% of its revenue from blue carbon credits in the local community and conservation activities. These funds support biodiversity monitoring, community-driven restoration efforts and sustainable livelihoods, including ecotourism and women- led beekeeping ventures. By engaging local mangrove associations, the project enhances environmental stewardship and empowers communities economically.Partners: Corporate: Corporación Autónoma Regional de los Valles del Sinú y del San Jorge, Apple NGO: Conservation International Government: Columbia’s Ministry of Environment and Sustainable Development Philanthropic: Omacha Foundation Academic: Instituto de Investigaciones Marinas y Costeras (INVEMAR) Source: Conservation International.87 Investing in Mangroves: The Corporate Playbook 22

Investing in Mangroves 2025