A new report by CRR member Aidenvironment puts deforestation for industrial trees in Indonesia in the spotlight and also highlights an issue of increasing concern in the sector: palm oil companies exposed to deforestation for other commodities. Since 2016, the Nusantara Fiber group has converted 26,000 hectares (ha) of forest into industrial tree plantations in …
A new report by the Indonesian Consortium for Agrarian Reform (Konsorsium Pembaruan Agraria/KPA) revealed that the COVID-19 pandemic has not slowed the growing number of land conflicts in Indonesia. Instead, more than 200 new agrarian conflicts emerged throughout 2020, with 69 percent (163 cases) related to the plantation and forestry (pulpwood) sector. The development of …
The High Carbon Stock Approach (HCSA) has issued a new statement clarifying its procedures for how HCSA assessments should be conducted and how companies can claim to be compliant with the HCSA. The new rules, announced on February 4, follow the announcement of the organization’s first grievance mechanism and come amid increased focus on how …
Pada tahun 2020, Chain Reaction Research menemukan deforestasi di sejumlah area konsesi kelapa sawit di Indonesia, Malaysia, dan Papua Nugini dengan total sekitar 38.000 ha. 22.000 hektar dari total tersebut (58 percent) diakibatkan oleh sepuluh grup perusahaan kelapa sawit di Indonesia, sedangkan sisanya terbagi ke 112 perusahaan lainnya. Total pembukaan hutan tahun 2020 merupakan jumlah …
Chain Reaction Research (CRR) has detected approximately 38,000 hectares (ha) of deforestation on oil palm oil concessions in Indonesia, Malaysia, and Papua New Guinea in 2020. Approximately 22,000 ha (58 percent) can be attributed to just ten palm oil group companies in Indonesia, while the remaining part is distributed between 112 different companies. In 2020, …
A new report by Forest Peoples Programme (FPP) sheds light on the ownership overlap between three Indonesian companies, First Resources, FAP Agri (FAP), and Ciliandry Angky Abadi (CAA). The three companies are all linked to Indonesia’s Fangiono family and have been among the largest deforesters in the last few years. They also supply several buyers …
So far in 2021, there appears to be capital market movement from various players in the “big four” forest-risk commodity sectors. Major Palm Oil Company Moves Forward With IPO On January 4, 2021, PT Fangiono Agro Plantation (FAP Agri) issued the first initial public offering (IPO) of the year on the Indonesian Stock Exchange. The …
China is a key market for palm oil (PO), palm kernel oil (PKO) and derivatives from Indonesia and Malaysia. This paper maps the role of the Chinese market and Chinese actors along the palm oil supply chain, from upstream production to midstream trading to downstream consumption, as well as the position of Chinese financial institutions …
In December 2020, Indonesia’s Minister of Energy and Resources, Arifin Tasrif, announced at a parliamentary hearing that the country’s target for biofuel production would increase in order to curb the country’s current daily consumption of 1 million barrels of gasoline. To meet this target, the minister said an estimated 9 million to 15 million hectares …
In 2017, the Task Force for Climate-Related Financial Disclosure (TCFD) released its recommendations for climate-related disclosures in financial filings. The TCFD has since become the de facto global standard for the financial sector to report on climate change risks. This paper presents a framework for assessing deforestation-related risks in agricultural commodity supply chains that is …
