Palmoilmagazine, DEN HAAG - AndGreen.Fund (&Green) invested for about US$ 12 million in the form of loan facility for the next eight years at PT Hilton Duta Lestari (HDL) to develop mills and make inclusive palm oil supply base in West Kalimantan, Indonesia which should guarantee No Deforestation, No Peat, and No Exploitation (NDPE) principles.
&Green is a mixed financial facility institution which was established to vanish deforestation from tropical agricultural products. It would be in cooperation with HDL to minimize deforestation in four sub districts, and escalate the income for about 85 thousand villagers, namely the indigenous people (Dayak).
By empowering the smallholders in 30 kilometer – radius around the plantations, HDL would be able to get supply fulfillment from frehs fruit bunch (FFB) suppliers to support NDPE principles, support forest protection in the landscape when new planting was increasing.
“By the cooperation with &Green, HDL is ready to get the new breakthrough in palm oil plantation sectors in Indonesia by maximizing sustainable production, making sure the transparency, traceability, and inclusivity in the supply chain,” Chief Executive Officer (CEO) HDL, V. Govindasamy said, as in the official statement to Palmoilmagazine recently.
Meanwhile Executive Chairman Yayasan IDH, Fitrian Ardiansyah said, by advantaging technical skills, resources, and other roles in Yayasan IDH to develop transformational blue print, he is excited to collaborate in realizing &Green’s investment in HDL
“The plan to landscape protection in HDL, supported by the fund from &Green would show the alternative solution that the private company could realize to protec the forest, prevent deforestation, and support the people’s welfare,” Fitrian said. (T2)