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.
Countries are now focusing on mitigating the Covid-19 pandemic and its socio-economic impact, leaving environmental issues on the backburner. But we all still need to save our planet from crumbling and this calls for immediate action from all sectors, including the business players. Carrying out sustainable business practices has become imperative. A Maryville University article […]