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 .

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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.

Held on December 19, 2022, in Pullman Hotel Jakarta, this event is a continuation of the previous series of activities supported by UNEP and SEA-Circular project. Executive Director of IBCSD, Indah Budiani, mentioned that this event brings hope for the sustainability of waste reduction management, especially to reduce waste at sea. “To solve the plastic waste issue requires cooperation between various parties because it is not only the responsibility of the producer but also to be resolved together with other stakeholders”, she added.

Ujang Solihin Sidik, as the Head of Sub Directorate of Producer Administration, Directorate of Waste Reduction, Directorate General of PSLB3, Ministry of Environment and Forestry, highlighted the function of Permen LHK No. 75 0f 2019 as a tool for encouraging collaboration to reduce and handling the marine waste. He said, “There has been positive progress in achieving a reduction of marine waste of 28.5%.” Through collaboration, the producers are expected to be the users of recycled packaging, the distributors and retailers will recollect the waste packaging, and the consumers are expected to live a minimal waste lifestyle.

Moreover, Christine Halim, the Chair of the Indonesian Recycling Association (ADUPI), explained the Extended Producer Responsibility (EPR) implementation in several countries in Europe. She mentioned that the EPR systems in those countries are good and highly supported by the government. As a plastic recycling association, ADUPI wants to increase the plastic recycling effort and improve the EPR implementation in Indonesia.

Through this event, the stakeholders ranging from the government, associations, and the private sectors are expected to strengthen collaborative action to reduce marine waste. Furthermore, the producers are expected to map the risk and opportunities to implement the Roadmap for Waste Reducing. The coaching clinic session of this event was also aiming to facilitate producers and retailers to establish a Waste Reduction Planning Document that will be implemented in their operation and submit it to the Ministry of Environment and Forestry portal for reporting. 

“Science education is part of BASF social commitment. With “BASF Kids’ Lab goes to School”, we are bringing science and inspiring the younger generations to discover the world of chemistry through safe and fun experiments in the comfort of their school,” said Agus Ciputra, President Director of BASF Indonesia.

During the pandemic, BASF Indonesia introduced a BAFS’ Virtual Lab in Bahasa Indonesia version which allows children to explore chemistry from home. This is part of BASF’s social engagement strategy to open up learning opportunities. At BASF, education is a key to children’s future and society’s development, in order to meet tomorrow’s challenges and create a sustainable future.

With the intention to accelerate the net zero target achievement, IBCSD, as the strategic partner of KADIN Net Zero Hub, together with CDP as the knowledge partner, held the 5th batch Greenhouse Gas (GHG) Protocol Bootcamp. The event was held in Wyndham Casablanca, on December 13, 2022. A total of seven companies attended the event, namely PT. Vale Indonesia Tbk, PT Rimba Makmur Utama, PT. Krakatau Bandar Samudera, PT. Gunung Raja Paksi Tbk, PT Lautan Natural Krimerindo, PT. Wismilak Inti Makmur Tbk, and PT. PZ Cussons Indonesia.

This Bootcamp is one of the KADIN Net Zero Hub flagship activities for the Hub members. It is intended to provide an overview of the target setting using SBTi, as well as to conduct an internal deep dive training about GHG Protocol to support companies’ journey towards net zero using SBTi approach. This event was also devoted as a platform to discuss companies’ way forward and strategies for their net-zero targets and how Net Zero Hub could support the companies.

For the companies, adopting SBTi as a globally acknowledged standard will be beneficial as the companies will be able to benchmark their climate ambition with their international peers. Through this Bootcamp, the companies can get assistance to assess their emission baseline through GHG accounting. The GHG Protocol provides a guideline for companies if they want to set their emission reduction targets in line with the latest climate science. It is highly recommended for the Net Zero Hub signatories familiarize themselves with the GHG Protocol and consider applying them in emission calculation and reporting.

On the second day, November 16th, IBCSD and WRAP had a courtesy meeting with the Netherlands Embassy to inquire about the Netherlands support in addressing the FLW in Indonesia. According to Joost van Uum, the Agriculture Counselor of the Embassy, there have been several programs of government-to-government cooperation with Indonesia, in particular on sustainable food systems and climate change adaptation and mitigation.  Related to food systems and FLW, the Netherlands supports the development of agriculture research and innovation centre which collaborate with an Islamic school in West Java. The program was particularly focused on horticulture commodities and supported by a Dutch company operating in Indonesia.

The next agenda on November 17th was to join the GRASP2030 Steering Group Meeting. The GRASP2030 Steering Group Meeting held was the 3rd meeting in which IBCSD together with the Steering Group members evaluated the delivered GRASP2030 programs and discussed the next steps for the upcoming year. The meeting was attended by Nita Yulianis, Director for Food and Nutrition Surveillance of National Food Agency, the representative from the Government which is very supportive of GRASP2030. In her remarks, she said that Indonesia has a food policy governance structure led by the National Food Agency that is directly responsible to the President of the Republic of Indonesia. The current efforts to save food are focused on preventing food waste and distributing to people in need. She emphasized that all of these activities need to be strengthened by data, policy, and stakeholder commitment. The meeting concluded that the current progress was achieved by none other because of the efforts from all signatories and generous funding from P4G and Avery Dennison Foundation, and therefore, GRASP2030 was expected to be sustained by continuous support from the stakeholders.

Following the Steering Group meeting, IBCSD and WRAP visited the Danish Embassy to discuss the opportunity of collaboration. The meeting was started with exchange of information about each organization and follow up of the GRASP2030 proposed collaboration activities in the next year. The Danish Embassy agreed to support the agenda of GRASP2030 in raising public awareness on FLW through the #Consumindful campaign which planned to be started in early 2023. The #Consumindful campaign was a part of the GRASP2030 activities to build the consumer understanding by engaging signatories in delivering the message.

This sequence of events set up the suit tone with this Webinar and Policy Brief Launching, under the theme of “Corporate Contribution to Achieve Sustainable Development Goals”. Held on November 24, 2022, in JS Luwansa Hotel and Convention Center, this event brought the opportunity to disseminate CDP and IBCSD work on the policy brief about private sector achievements against SDG 13, Climate Action, and SDG 15, Life on Land, based on the CDP’s Climate Change and Forestry Questionnaire 2021. Furthermore, it provides insights regarding the challenges and opportunities faced by the private sector in achieving SDGs, as well as increasing stakeholders’ awareness about the important role of the private sector in supporting the 2030 SDGs agenda. Along with the offline event, the event was broadcasted through the online platform.

IBCSD’s Executive Committee, Dharsono Hartono, said the Policy Brief shows that there’s still room for the business sectors to support the achievement of SDGs. “The recommendations provided in the Policy Brief should be a learning tool for the companies to increase their capacity in SDG 13 and SDG 15”, he added. The capacity building efforts are needed so the companies will be able to better identify and manage risks related to climate change and strengthen business operations in the future. In 2021, more companies reported their emission reduction goal through CDP, which is equal to 26.23 million metric tons of CO2 or 1.22% of the total emission reduction target in Indonesia by 2030.

A diverse background of speakers had a chance to speak at this event, including the Head of SDGs National Secretary, Vivi Yulaswati; Coordinator of the Expert Team of SDGs National Secretary, Yanuar Nugoro; Head of IPB SDGs Network, Bayu Krisnamurthi; and Head of Sustainability Compliance APP Sinar Mas, Sera Noviany. This diverse background of speakers sheds some light on different perspectives about the efforts to achieve SDGs, ranging from the business sector, academia, and government. The collaborations from diverse stakeholders hopefully can produce more actions to accelerate the SDGs in Indonesia.