Earlier this month (8/4/2021), Lestari Capital launched the ‘Rimba Collective’ initiative that aims to deliver US$ 1 billion to protect and restore forests in Southeast Asia over a 25-year duration. Poised to be one of the largest private sector-enabled forest conservation initiatives, Rimba Collective is backed by consumer goods giants PepsiCo, Nestlé, Procter & Gamble, and palm oil trader Wilmar International. The initiative aims to protect and restore over 500,000 hectares of tropical forests, starting in Indonesia, before expanding to other Southeast Asia countries.
Earlier this year (2/2/2021), the Ministry of Environment and Forestry (KLHK) under Joko Widodo Administration excluded coal waste, specifically the coal fly ash and bottom ash (FABA), from the hazardous and toxic waste list (known as B3 waste). Seeing the high environmental and economic cost of the linear coal production, one solution is to utilize or recycle ash rather than diverting coal ash to landfills.
Nowadays, there is a growing number of companies communicating their environment, social, governance (ESG) performance through sustainability reporting (or integrated reporting), answering to the increasing pressure from stakeholders for corporate sustainability and transparency. Nonetheless, there are still common misconceptions in the practices.
ESG and sustainability, you have heard it everywhere. The term ESG has been under the spotlight for the past years in the business and investment industry. It is clear that the stakeholders demand more accountability and transparency of the ESG factor from companies. So, how does the concept of ESG fit into the sustainability landscape? How to write sustainability report when there are many key players, regulations, and standards?
While the global concerns on ESG have accelerated and will remain so, companies are encouraged to incorporate ESG into their business model in order to compete in the market and attract investors.
Organizations can now link the world’s leading sustainability reporting standards with an innovative tool for measuring their progress towards the circular economy.
“Unprecedented” might be judged the most used adjective of 2020, and too often for dire reasons. Yet the end of last year brought one more occasion to use the word, when the leaders of 14 countries put forward a new ocean action agenda underpinned by sustainably managing 100percent of national waters. Asia-Pacific nations were well represented on […]
Institutional investors need to embrace SDG-aligned investing.
As we enter 2021, there are strong signals of meaningful change in the sustainability reporting world. There are three emerging trends.
It’s time to move from ambition to action – and to accountability.