Continued Partnership: SC Capital Partners, Reethi Beach Resort, and MWSRP Join Forces for a Second Year

Reethi Ocean side Hotel accomplices with Maldives Whale Shark Exploration Program (MWSRP) with the help reached out by the retreat's parent organization, SC Capital Accomplices Pte Ltd — a nearby program with a worldwide effect for the second back to back year.

Maldives Whale Shark Exploration Program (MWSRP) was established to comprehend the populace elements of whale sharks in the Maldives and how these fit into the species' presence in the more extensive world. The foundation's goals are to advance, to support the general population, the preservation, security and improvement of the physical and indigenous habitat of the whale shark and sea life natural variety.

The whale shark, despite being the largest fish in the ocean, is facing numerous threats that are mainly caused by human activities. The population of whale sharks is declining, and though the exact number of them alive today is unknown, it is clear that they have decreased by 50%.

Whale sharks play an essential role in managing the marine ecosystem, making it necessary to protect them. The economic value of protecting nature and its processes is increasing, which is why there is a need for whale shark conservation. Whale shark tourism provides an alternative income source to fishing and contributes directly to local livelihoods. Protecting these species is vital for balancing the marine ecosystem.

The Maldives has been protecting whale sharks by law since 1995, and organizations such as MWSRP have been working collaboratively with stakeholders to put protection into practice. Community-driven initiatives have made protection as efficient as possible, thanks to joint efforts from organizations such as SC Capital Partners Pte Ltd and Reethi Beach Resort.

SC Capital Partners Pte Ltd and Reethi Beach Resort are sponsoring MWSRP to conduct intensive research in Hanifaru Bay, which is known for its Manta gathering and whale shark aggregations. This partnership will also provide educational opportunities for local young Maldivians, including awareness of marine biodiversity conservation and job prospects. Reethi Beach Resort is committed to sustainability and is pleased to be part of this program, which will further strengthen its stance on sustainability in the hospitality industry. Ocean Fantics, a water sports and dive centre based on the island, will play a vital role in the upcoming research project by supporting the MWSRP team in navigating and collecting data both on land and sea.

Reethi Beach Resort, a founding member of Baa Atoll Resorts United (BAARU), is pleased to continue its support for the Maldives Whale Shark Research Programme (MWSRP) through SC Capital Partners Pte Ltd's assistance. SC Capital Partners is dedicated to responsible and meaningful investing that enhances and safeguards their assets, integrating environmental, social, and governance (ESG) best practices into their operations and assets. Reethi Beach Resort has received the Green Globe Certification as a result of adopting group sustainability practices. Through their partnership with MWSRP, Reethi Beach Resort and SC Capital Partners extend their support beyond the Maldives to promote the United Nations' Sustainable Development Goals (SDGs) for 2030.