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'The promise was a lie': How Indonesian villagers lost their cut of the palm oil boom

When the Indigenous villagers of Tebing Tinggi agreed to give control of their ancestral land to a palm oil company in 1995, it promised to transform their fortunes. The Suku Anak Dalam were subsistence farmers, gathering fruit and hunting game in the rainforest. The deal could give them a cut of a lucrative industry that […]

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Big brands join US$1b forest conservation push for SE Asia | Life

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
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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 impact investment firm, will fund projects that protect and restore more than 500,000 hectares of tropical forests in Indonesia and the region.

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Big brands join $1-billion forest conservation push for SE Asia

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 restoration,” Michal Zrust, Lestari Capital co-founder, told a virtual launch event this week.
The initiative will complement efforts by other groups to build more sustainable palm-oil supply chains, he added.

Lestari , Jawa-timur , Indonesia , Kuala-lumpur , Malaysia , Netherlands , Washington , United-states , Singapore , Michal-zrust , Marcus-colchester , Michael-taylor-mickstaylor

Big brands join $1-billion forest conservation push for SE Asia

Big brands join $1-billion forest conservation push for SE Asia
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