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Friday, 09 Apr 2021 09:20 PM MYT Morning light shines through trees at the forest in Karak, Pahang on May 7, 2014. About two thirds of Malaysia is covered in forest which is believed to be 130 million years old. — AFP pic Subscribe to our Telegram channel for the latest updates on news you need to know. KUALA LUMPUR, April 9 — Major household brands and palm-oil buyers Nestle and PepsiCo have backed a scheme that aims to invest US$1 billion (RM4.1 billion) in forest conservation across South-east Asia over 25 years. The Rimba Collective, developed by Lestari Capital, a Singapore-based imp...

5 Min Read KUALA LUMPUR (Thomson Reuters Foundation) - Major household brands and palm-oil buyers Nestle and PepsiCo have backed a scheme that aims to invest $1 billion in forest conservation across Southeast Asia over 25 years. The Rimba Collective, developed by Lestari Capital, a Singapore-based impact investment firm, will fund projects that protect and restore more than 500,000 hectares (1.2 million acres) of tropical forests in Indonesia and the region. “By linking conservation funding directly with company operations, it has the potential to be a game-changer for forest protection and...

Nestlé to help protect and restore forest landscapes in Southeast Asia Share this page Nestlé to help protect and restore forest landscapes in Southeast Asia Nestlé today announced its support for the protection and restoration of over 500,000 hectares of tropical forest landscapes in Southeast Asia through the launch of Rimba Collective, the largest private sector forest conservation initiative. The program was developed by Lestari Capital in collaboration with founding partners including Nestlé, PepsiCo, Procter & Gamble and Wilmar. Lestari Capital is an enterprise that connects markets...