JAKARTA – The latest climate science from the IPCC – described by the UN as “code red for humanity” – shows it is still possible to limit global temperature rise to 1.5°C, but we are dangerously close to that threshold. As a palm oil plantation company from Indonesia, Tunas Sawa Erma Group (TSE Group) understands the importance of contributing to global-scale efforts to reach net zero emissions by 2050. We believe this vision is achievable with teamwork and innovation from all players in the palm oil value chain.
We commit to following the Science Based Targets initiative (SBTi) standards in defining objectives.The Science Based Targets initiative (SBTi) is a global body enabling businesses to set ambitious emissions reductions targets in line with the latest climate science. It is focused on accelerating companies across the world to halve emissions before 2030 and achieve net-zero emissions before 2050.. Using this standard, we will set our own emissions goals with the needed actions to limit global warming to below 1.5°C.
In the next two years, we will establish near-term and long-term targets, which will encompass all our operational activities and supply chain and take into account carbon sequestration potential from the plantations and forests we manage. We will report our progress to meet these targets in a transparent and consistent manner through the SBTi platform and other relevant mechanisms.
We will also adhere to local rules and regulations to reduce greenhouse gas emissions and contribute to Nationally Determined Contribution (NDC) targets. For everyone’s information, NDCs are commitments that each country makes to the Paris Agreement.
In terms of Indonesia, its NDC is to cut down emissions by 29% below business-as-usual in 2030, or by 41% with international help.
Through this statement, we support the government’s efforts to demonstrate such a commitment, and we pledge to collaborate with other stakeholders to drive the transition to a low-carbon economy.
We believe that by taking these steps, our presence will make a positive impact — not only on the environment and climate as a whole, but also on the local economy and social prosperity, which are reliant on the palm oil industry. We hope this statement inspires fellow palm oil firms to join the net zero emissions movement.
Jakarta, May 3rd 2023
TSE Group Management
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