The new report, Nature Incorporated, published with support from global climate solutions provider South Pole, was revealed during the CDP Southeast Asia Annual Event 2023. This year’s event took place in Jakarta on 16 March 2023 in collaboration with Indonesia Business Council for Sustainable Development (IBCSD) and supported by Indonesia Listed Companies Association (Asosiasi Emiten Indonesia). Among the first and longest disclosing city in the region, Jakarta is chosen to host the annual event due to its significant role in the region, economically and biodiversity-wise, which marks its importance ever to achieve a nature positive net zero future.

During the event, CDP also recognized five Southeast Asian companies as A-list for their environmental transparency and action. Based in Thailand and Singapore, four of the five companies were on the Climate Change A-list, and three were on the Water Security A-List.

CDP and IBCSD also held a dynamic multi-stakeholder discussion on the pathway to building a nature-positive, net-zero future for Indonesia. Moderated by Donald Chan, Managing Director of CDP Asia Pacific, the renowned panelists include the Indonesia Stock Exchange, Indonesian Chamber of Commerce and Industry (KADIN), PT Solusi Bangun Indonesia Tbk, PT Bank Mandiri (Persero) Tbk., and City Developments Limited. 

The inauguration of the Waste4Change Bekasi 2.0 Material Recovery House was held in conjunction with a strategic discussion on green investment opportunities and constraints. This was led by Moris Nuaimi, SE, MT, MA, Director of Infrastructure Planning, Deputy for Investment Planning of the Ministry of Investment (BKPM), representing the Minister of Investment Bahlil Lahadalia. Other notable attendees included Pandu Sjahrir, Founding Partner of AC Ventures Indonesia, and Reny Hendrawati, Expert Staff to the Mayor of Bekasi for Economy, Development, and Society.

The implementation of green investment is targeted to focus on helping waste management efforts through reducing waste at the source and handling waste downstream. The Global Sustainable Investment Alliance (GSIA) conducted a survey in 2021 which stated that green investment assets in developing countries have a growth potential of up to USD 30.7 Trillion. Meanwhile, the NPAP report states that a total capital investment of USD 18 billion is needed between 2017 and 2040 to overcome the challenges of transforming business-as-usual practices to a System Change Scenario for effective waste management and recycling.

Despite this, Systemiq & Delterra data in 2022 indicate that 97% of waste funding in Indonesia still relies on door-to-door fee collection. The method of waste collection as part of taxes and utility subscription fees is a more common method used by developed countries. Funding in the waste management sector will have a major impact on sustainability. Waste management is a basic need, so there will be a constant demand despite changing economic and social conditions.

In conclusion, Waste4Change’s innovative approach to waste management with the help of green investment is an excellent example of how companies can contribute to sustainability. By reducing waste at the source and handling waste downstream, Waste4Change is making a positive impact on the environment while creating economic opportunities. This approach is a significant step forward in the fight against waste management challenges globally. It is hoped that more companies will follow this model and contribute to the larger goal of achieving a cleaner, greener future for all.

Being aware of the mentioned above problem, Indonesia Business Council for Sustainable Development (IBCSD) through an initiative called Tackling Marine Litter by Seizing Circularity Opportunities share this working document of businesses’ smart practices and concrete actions in handling plastic waste in the spirit of EPR and circular business models titled Closing the Loop in Plastic & Packaging – Best Practices from Businesses in Indonesia.

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Fierra Setyawan, Project Manager of Food and Nature IBCSD, said: “Reducing food waste is crucial for sustainability, and we can start by selecting and sorting the food we consume at home. Indonesian communities have traditional food-saving practices like making beef jerky, meat floss, and rendang from meat, and even transforming leftover rice into chips. Sego Kucing, a small serving of rice wrapped in banana or teak leaves with a mix of tofu, anchovies, and vegetables, is an excellent example of how to consume food efficiently as we only consume what we need to prevent food waste. Along with the spirit to reduce food waste in Indonesia, in 2021, IBCSD launched the GRASP2030 initiative, aimed at halving food loss and waste by 2030. We bring together businesses and supporting actors across the food chain, to eventually promote environmental sustainability, social responsibility, and economic growth in Indonesia. This year marks our third year on this journey, and with our Consumindful campaign we’re more committed than ever to achieving our goal of halving food waste by 2030.”

Jackie Bailey, Love Food Hate Waste campaign manager, said: “In our busy lives, many of us wish we had more time. One simple way around this is to use up those extra portions we often seem to have; a simple solution that could help you get some life back and turn food we’ve already cooked into a second delicious meal!

For this year’s Food Waste Action Week, we’re encouraging the nation to follow ‘Win. Don’t Bin’ and highlighting the very real benefits that using up your uneaten food can have on your pockets, your personal time and the planet.

Even more importantly, at a time of rising food prices, tackling food waste at home is one way we can all make a difference – and help save money.”

Objectives of Food Waste Action Week:

• The third annual FWAW will build on the success of last year’s campaign which was supported by 80 organisations across 12 countries. The campaign reached over eight million people in the UK, with 55% of them saying they did something about food waste as a result. 
• Focusing on the theme of ‘Win. Don’t Bin’, the 2023 campaign will demonstrate how valuable food is in our lives, and how using up everything we buy can save us money and time.

How will the campaign help people reduce their food waste?

• WRAP estimates that 1.1 million tonnes of food are wasted every year from UK homes because of preparing, cooking, or serving too much. 
• That’s one-quarter of all food wasted for this reason, costing people £3.5 billion. Increasing people’s skills around using up leftovers will have a significant impact on reducing food waste from UK households at a key point in the journey of food through the home – just before it ends up in the bin.
• These skills involve putting leftovers in an appropriate container, labelling and storing in the fridge or freezer and then re-heating or eating cold at a later stage. WRAP’s research* has shown that many people lack confidence in this area so LFHW wants to support citizens to try to increase confidence in these areas.

Why is reducing our food waste important?

• Research estimates that wasting food costs the average UK family more than £700 a year.
• We throw away 6.6 million tonnes of household food waste a year in the UK. This food waste is responsible for nearly 25 million tonnes of CO2 emissions, equivalent to 5.4% of the UK’s territorial emissions. 
• The majority, 4.5 million tonnes is food that could have been eaten and is worth approximately £14 billion (or £60 a month for an average family with two children). 
• 5-19 million tonnes of food are wasted per year in Indonesia, according to the report from the Ministry of National Development Planning. 
• Losses from food loss and waste during 2000-2019 costs Indonesia 213-551 trillion rupiah/year, or equivalent to 4-5% of Indonesia’s GDP. Number of people who can be fed from energy losses from food loss and waste during those years are 61-125 million people or 29-47% of Indonesia’s population.

About the Partners:

• WRAP is a climate action NGO working around the globe to tackle the causes of the climate crisis and give the planet a sustainable future. It delivers the Love Food Hate Waste campaign. WRAP’s vision is a thriving world in which climate change is no longer a problem. We believe that our natural resources should not be wasted and that everything we use should be re-used and recycled. We bring together and work with governments, businesses and individuals to ensure that the world’s natural resources are used more sustainably. Our core purpose is to help tackle climate change and protect our planet by changing the way things are produced, consumed and disposed of.
• Love Food Hate Waste (@lfhw_uk) aims to raise awareness of the need to reduce food waste and help the UK public act. It shows that by doing some easy practical everyday things in the home we can all waste less food, which will ultimately benefit the environment, and our pockets too. Love Food Hate Waste is managed by WRAP.  
• *UK Household Food Waste tracking survey Winter 2021: behaviours, attitudes, and awareness

WRAP’s work includes: UK Plastics Pact, Courtauld Commitment 2030, Textiles 2030 and the citizen campaigns Love Food Hate Waste, Clear on Plastics and Recycle Now. We run Food Waste Action Week and Recycle Week

The event was an appreciation event for companies that have completed the Corporate Assistance Program (CAP) under KADIN NZH. CAP is a 5-month intensive technical assistance program to help companies inventory and calculate greenhouse gas (GHG) scope 1, 2, and 3 emissions and commit to net zero. Scope 1 is direct emissions, scope 2 is indirect emissions from company consumption, while scope 3 is other indirect emissions generated in the company’s value chain.

CAP facilitates training, 1:1 consultations with mentors, industry best practice sharing sessions, pre-assessment, and guidance and tools that have been adapted to the Indonesian context.

“Many companies in Indonesia have done good sustainability practices. We hope that NZH and CAP can facilitate the good to become great, because they adopt internationally recognized science-based GHG accounting protocols and net zero emission targets,” said Nanda Noor as Sustainable Business & Corporate Engagement Manager of WRI Indonesia.

KADIN Net Zero Hub, which was launched in November 2022 at B20, is KADIN’s real effort in encouraging more private sector involvement in decarbonization. KADIN Indonesia collaborates with WRI, CDP, and IBCSD as key partners to develop KADIN NZH as a platform to build strategic partnerships and accelerate the net zero ecosystem in Indonesia.

“KADIN Net Zero Hub was established to help companies plan, implement, and report concrete actions in achieving net zero, one of which is through the Corporate Assistance Program (CAP) program that we are celebrating today. With this KADIN NZH platform, we hope that Indonesian companies can achieve net zero,” said Octavianus Bramantya as a member of the KADIN Net Zero Hub team.

In the CAP program, companies are assisted to adopt several international standards such as the GHG Protocol and Science-Based Targets Initiative (SBTi) framework. These targets are used to ensure that all company climate actions have a strong science base and are aligned with the 1.5 C pathway so as to reduce the possibility of worse impacts from the climate crisis.

“SBTi is a standard that has been used globally by more than 4,600 companies from various sectors. By aligning science-based emission reduction targets through SBTi, companies in Indonesia can not only contribute to climate change, but also open up various business opportunities and increase competitiveness with peers in the region and related sectors,” said Dedy Mahardika as SBT Engagement Manager, SEA and Oceania from CDP.

The companies that have completed the CAP program recognize that this mentoring is very important for the private sector in Indonesia. The ten companies are PT Ever Shine Tex Tbk, PT Pan Brothers Tbk, PT Chemstar Indonesia Tbk, PT Avia Avian Tbk, PT Omega Mas, PT Buana Triarta, PT Honicel Indonesia, PT Samora Usaha Makmur, PT Indo Oil Perkasa, and PT Hakiki Donarta. Among the 10 companies, there were 4 companies that successfully delivered science-based net zero commitments, namely PT Pan Brothers, PT Samora Usaha Makmur, PT Honicel Indonesia, and PT Ever Shine Tex. In addition, PT Indo Oil Perkasa as an MSME has successfully submitted a net zero target to be validated by SBTi.

“Both markets and investors are turning to businesses that are ambitious about climate change because it not only reduces environmental and social impacts, but also ensures the future viability of the business itself. By joining NZH, companies can get direct assistance to develop and initiate strategies in achieving climate targets, especially towards net zero,” said Indah Budiani as Executive Director of IBCSD.

Going forward, NZH Chamber of Commerce will continue the CAP program to help more companies reduce their carbon emissions. Currently, 80 companies have expressed interest and 68 of them have signed a memorandum of agreement to join KADIN NZH.

Below are excerpts from the companies that have joined the CAP program under KADIN Net Zero Hub:

Michael Sung, Director of PT Ever Shine Tex Tbk: “NZH CAP helps us to analyze more deeply our emissions from our production process and supply chain. The clarity helps us to adjust our strategy both from energy efficiency, renewable energy and procurement, to go net zero.”

Erik Hendra, Manager of PT Buana Triarta: “In accordance with our company’s vision and mission, which is to become an ambassador for Indonesia’s forestry resources by maximizing the added value of forestry products through good business operations and an integrated supply chain and ensuring business and industry sustainability through market research and creative product development, we fully support the Net Zero Hub program and contribute to reducing carbon emissions as a sense of our concern for the sustainability of the ecosystem which is currently under repair.”

Tanu Yota, Center of Technical & Technological, Excellence Director and Business Unit Head of Samora Group: “As something new, the knowledge of Samora Group’s Net Zero Carbon (NZC) team still needs to be scaled up to all subsidiaries. Learning from the CAP attended by the NZC Corporate team, Samora Group is consulting with KADIN Net Zero Hub so that internal training can be facilitated for all NZC teams in all our subsidiaries. So that the NZC program can be successful.”

Wenty Rasjid, Corporate Secretary of PT ChemStar Indonesia Tbk: “As one of the textile chemical manufacturers in Indonesia, PT. ChemStar Indonesia Tbk. sees that climate change is one of the challenges that the world is facing. One of the causes of climate change is GHG emissions produced by the industrial sector. Therefore, PT ChemStar Indonesia Tbk. is encouraged to commit to net-zero to reduce carbon emissions. With the assistance and guidance through KADIN NZH CAP, PT ChemStar Indonesia Tbk. has started to calculate the company’s carbon footprint and develop a strategy to reduce it.”

***

Contact:

Sakinah Ummu Haniy, Senior Communications Coordinator WRI Indonesia, [email protected], +62-813-8343-5507

Fitriannisa Soegiharto, Communications Manager CDP, [email protected], +62813-8095-9299

Nurina Izazi, Communication Manager IBCSD, [email protected], +62-813-3261-4268

Investment Opportunities in Katingan

The concept of green growth (green growth) presents a new approach to economic growth. Putting human well-being at the center of development and ensuring natural resource assets continue to provide resources and environmental services to support sustainable development.

“Currently there are still many economic practices that do not pay attention to environmental sustainability. These practices should be improved through initiatives to regulate, foster and provide incentives and disincentives for economic activity.

The greatest natural resource potential in Katingan Regency is the agricultural sector which includes agriculture and food crops, plantations, animal husbandry, maritime affairs and fisheries. The development of livestock in Katingan Regency is still on a small scale and is still in the household business stage. Plantation is one of the potentials for development and high potential in Katingan Regency. This is supported by the physical condition of the area. Potential plantations can be divided into several leading commodities such as rubber and palm oil.

With this great potential, we hope that in the future many investors will enter to participate in developing the existing potential, this is supported by the geographical conditions of Katingan which is the gateway to West Kalimantan both from land, air and sea routes, where this is one of the supporting factors. to expedite the entry and exit of goods.

    2. The Outcome

The ultimate outcome of this initiative is to promote, inform and attract investors to invest in an investment plan in Katingan Regency to support green growth through an “Investment Outlook” that will be jointly developed by jurisdictional stakeholders, an approach in Central Kalimantan, which includes governance conditions governance that follows green growth, social and economic growth that encourages investment growth, as well as stakeholder efforts to support the SDGs and climate change mitigation and adaptation efforts.

    3. Expected Output

Jurisdictional approaches need to adhere to principles of collective action and as such they must have a strong sense of ownership of the information generated from those jurisdictions. Thus, there are two results that need to be produced, as follows, so that the activities in this initiative can contribute to producing .

Read More :

RFP Term of Reference Katingan Investment Outlook (2)

Period of Assignment

March-May 2023

Please send your RFP to [email protected] with subject ‘Application: Consultant “Katingan Investment Outlook”.

President Director of PT Mukti Mandiri Lestari, Wawan Budiawan, stated that PT Mukti Mandiri Lestari, as a business leader in e-waste management in Indonesia, is not only put the concern on the business side, but also for the environment for future generation. PT Mukti promotes the handling of e-waste in environmentally friendly ways to any e-waste generator stakeholders, including manufacturers, OEMs, large multinational enterprises, service providers, local government agencies and communities.

E-waste contains numerous toxins which can be dangerous if it’s not disposed properly, as it can cause environmental pollution and health hazards. Moreover, some parts of e-waste still can be recovered and recycled. PT Mukti Mandiri Lestari proudly does the honors as a leader to offer a complete and highly efficient solution for eco-friendly management end-of-life electronic assets.  

Based on the framework for a circular economy, we implement an integrated farming system. We minimize waste by utilizing the residual organic component from the production process and the biogas produced from the livestock for the plantation. With this integrated farming system, we want to ensure our production process from the plantation to distribution is more sustainable.

Aside from the environmental aspect, we also implement social responsibility through our Creating Shared Value (CSV) Program. This program allows partnerships with local farmer groups based on empowerment and mutual advantage to add value to their harvests. We want farmers to have a more stable income and prosperous lives.

We realize the concrete steps taken in achieving the SDGs through various initiatives, and we are hopeful that we can do more in the future to create more value in sustainability. Our pillars of sustainability—Great People, Great Lives, and Great World—will be our principles to maintain and ensure we do business within the corridor of sustainability.

With these remarks, let us embark on our journey in 2023 to continue creating harmonious and balanced practices that will benefit the planet and communities.

Nature loss is disrupting the global economy, with around half of the economy moderately or highly dependent on it. The 2021 Dasgupta Review highlights that the economy is closely tied to the biosphere and that the loss of nature is causing material risks in operation and value chains. Businesses need to move to collective action to achieve a nature-positive future.

Nature-positive roadmaps will assist companies in setting and assessing financial risks related to nature. They will serve as a foundation for developing ambitious strategies and plans for integrating nature-positive practices throughout their entire value chains. These roadmaps will help companies implement and improve their nature-related goals and objectives. The roadmaps adopt relevant frameworks and resources, such as Natural Capital Protocol, and key voluntarily standards from Science Based Targets Network (SBTN) and Taskforce on Nature-related Financial Disclosures (TNFD), as well as the baseline reporting framework from International Sustainability Standards Board (ISSB).

In order to achieve a nature-positive planet by 2030, companies and financial institutions must adopt comprehensive strategies across all their spheres of control and influence throughout their value chains. To ensure accurate and robust claims about nature, businesses should aim to be as thorough as possible in their assessments, commitments, transformations and disclosures of their impacts and dependencies on nature. This requires a shift in mindset from risk mitigation to a “just and regenerative” approach, as outlined in the Vision 2050. To effectively implement these changes, companies should consider the scope, range of nature issues, integration with sustainability, and corporate mindset for each action: assess, commit, transform and disclose. Furthermore, there are maturity levels which measure the scope of the companies: “starting”, “developing”, “advancing”, and “leading”. To credibly align with the global goal for nature, companies should aim for “advanced” and “leading” maturity levels.

This roadmaps will be a guidance that provides a checklist of actions to assess, commit, transform, and disclose performance for companies. Six value-chain specific objectives are also identified for businesses to collectively undertake, aligning nature conservation efforts with climate action goals. These objectives include assessing the materiality of the issue, setting targets, allocating resources, promoting supportive policy, using credible metrics, and reporting progress.

The roadmaps guideline can be downloaded from this link.