During the event on 24 July 2023, which took place in Medan and was attended by businesses, including in the North Sumatra region, Deputy Chairperson for Maritime Affairs, Investment and Foreign Affairs of Kadin Indonesia and IBCSD Honorary Trustee, Shinta Widjaja Kamdani, explained the important role of the private sector and industry in accelerating the reduction of carbon emissions. Through this network and forum, Kadin NZH seeks to engage as many companies as possible that have not yet made the transformation towards awareness of the importance of reducing carbon emissions.

Shinta said that the transition to a green economy is one of Indonesia’s strategies to achieve the country’s vision as a developed nation by 2045. She emphasized the importance of collaboration from all parties, including the business and industry sectors, to support Indonesia’s commitment to achieve net zero emissions by 2060 or even sooner.

A study by the Ministry of National Development Planning of the Republic of Indonesia/National Development Planning Agency (PPN/Bappenas) showed that the implementation of low-carbon development policies has the potential to reduce economic losses due to climate change by 50.4% by 2024. With the efforts made, Indonesia managed to reduce 54.8 million tons of CO2e in 2019 and has now committed to reduce carbon emissions by 31.89% with its own efforts and 43.20% with international assistance by 2030.

Chairman of Kadin Net Zero Hub, Dharsono Hartono, emphasized that Kadin NZH is a platform for the private sector to participate in carbon emission reduction. Through knowledge and information exchange and resource sharing, Kadin NZH strives to realize a low emission ecosystem in Indonesia.

IBCSD fully supports the collective efforts in transitioning to a low emission economy and building an ecosystem that supports the achievement of the national Net Zero Emission target. To date, around 70 companies and institutions have committed to the Kadin NZH ecosystem, with 40 of them having joined the GHG accounting bootcamp to start calculating their emissions, while 30 others are involved in the Corporate Assistance Program (CAP).