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) has given its commitment to contribute to global-scale efforts and reach net zero emissions by 2050.
This commitment is based on the awareness and belief that net zero emissions are achievable with teamwork and innovation from all players in the palm oil value chain.
To demonstrate such promise, TSE Group usesthe Science Based Targets initiative (SBTi) standards to defineits emissions goals.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.
With this standard, the company will set objectives and take necessary actions to limit global warming to below 1.5°C. TSE Group will also report the progress of these actions in a transparent and consistent manner through the SBTi platform and other relevant mechanisms.
“In the next two years, we will establish near-term and long-term targets, which encompass all our operational activities and supply chain and take into account carbon sequestration potential from the plantations and forests we manage,” said TSE Group Director, Luwy Leunufna, in his statement.
The palm oil firm 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.
(Selengkapnya dapat dibaca di Majalah Sawit Indonesia, Edisi 139)