Green Tech
Audax assists major win in the Philippines
Matthieu Delouvrier, Head of Business Development at aDryada, flies over the Samar Island National Park on an initial assessment visit.
The staggering decline of countless species and the disturbance of nearly every ecosystem on the planet has brought us to a crossroads: can the financial systems that fuelled this destruction be retooled to fix it? The concept of the carbon credit was born from the realisation that the atmosphere is a finite resource. It began in earnest with the 1997 Kyoto Protocol which turned avoided or captured carbon dioxide into a tradable commodity. The goal was to put a price on pollution and, over the decades, this evolved into the Voluntary Carbon Market (VCM). Today, this mechanism serves as the vital link permitting carbon credit revenues to finance conservation projects.
aDryada, the implementer of forest restoration, conservation and biodiversity projects is backed by Ardian, a world-leading investment house. Their strategy is to develop investment-grade, large-scale, natural infrastructure assets capable of generating a significant impact in favour of climate, biodiversity and respect for local communities. To achieve this, the company has developed an innovative business model based on high-end captured carbon credits. It unlocks large-scale investments and generates long-term financial flows for stakeholders and partners. The company works with governments, leading global financial institutions, corporations, public and non-profit organisations, local private actors and communities.
Audax assists major win in the Philippines
On 23 June 2026, aDryada, its partner Samar Bamboo Corporation, and the Government of the Philippines, signed a 50-year agreement launching one of the most ambitious nature restoration projects in the country. Audax Global acted throughout the project’s various phases to help develop the business opportunity and to facilitate and assist the interactions between the parties.
The Green Samar Project aims to restore 120,000 hectares of degraded forest in the 335,000 hectare Samar Island National Park (SINP) extensively strengthening the park’s management and protection capacities whilst improving the living conditions of more than 20,000 people residing in communities in the park. The SINP contains the largest contiguous tract of old-forest growth in the country and is considered to be the centre of biodiversity in the Philippines. It is home to a wide range of habitats and ecosystems and is crucial to the conservation and survival of various critically endangered and vulnerable species of reptile and mammal. It is home to the Philippine Eagle, one of the world’s largest and rarest eagles. The park is a candidate for designation as a UNESCO World Heritage Site.
Green Samar is a pioneering model in the Philippines for nature restoration in protected areas aligning environmental protection, community development, and private investment to achieve lasting impact at scale. It delivers tangible benefits to local communities while providing the clarity, stability, and transparency required by long-term international investors.
Audax Global is proud to have participated actively in this project and to be working with aDryada in developing and delivering similar projects in other countries.
The Philippine Eagle, one of the world’s largest and rarest eagles.
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