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Sawit Sumbermas Sarana Prepared Conservation Fund, US$ 10 Million



Sawit Sumbermas Sarana Prepared Conservation Fund, US$ 10 Million

InfoSAWIT, JAKARTA –In the early of this year, PT Sawit Sumbermas Sarana (SSMS) Tbk., haspublished global bond reaching US$ 300 millionthrough its subsidiary in Singapore and has more four times of demands.

The global bond is as the first global bond published by palm oil plantation company in Indonesia after 12 years. “Through the successful bond publication, SSMS would fund again the long term loan, support the capital expenditure of the company, and prepare the Conservation Fund reaching US$ 10 million. It showed that SSMS is really committed to the sustainable practices,”CEO of SSMS, Nicholas J. Whittle in the official statement toInfoSAWIT recently.

According to the company, SSMS tried to maintain the three business pillars, they are, Profit, Human Resources, and Environment in the good cycle as the core of business strategy.

Based on those, SSMS is committed to map the risk relating to the area release before making high conservation values (HCV), and high conservation stock (HCS), keep identifying the disparity in the nowadays operational, publish every map of HCV in its website, provide special section in its website to improve the stakeholders in the sustainability.

Whittle also mentioned, his side is happy because the sustainable business positively influences the other stakeholders by advantaging palm oil.

“This refers not only for the good financial result and production, but also refers to our strength to help the social – economy development in the society around us, purchase and manage about 2 thousand hectare areas in Salat Island to conserve orangutan together with Borneo Orangutan Survival Foundation,” Whittle said. (T2)

 


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