APRIL Group Announces US$100 million Investment in Expanded Peatland Forest Restoration and Conservation in Indonesia at COP21

As governments meet in Paris to finalise a global climate treaty, leading pulp and paper company APRIL Group announced it would double its peatland restoration activities in Indonesia to 150,000 hectares and invest US$100 million over the next decade in conservation and restoration activites.

This increased commitment to Riau Ecosystem Restoration (RER) is believed to be the biggest investment by a private sector company in a single eco-restoration project in Indonesia, covering assessment, restoration and protection, and management and partnerships.

“This commitment illustrates how private sector organizations can support climate goals not just in terms of pledges but by going beyond them and actually putting resources on the table,” said Tony Wenas, Managing Director, APRIL Group Indonesia Operations.

“The global community has an extraordinary opportunity at COP 21 in Paris to make a difference for the future. This investment indicates our broader business case for restoration which encompasses the value of the ecosystem services and the need to have an inclusive approach with the community. As we learn and evolve our approach, we continue to deliver environmental benefits, economic opportunity through jobs and infrastructure, as well as social progress for local communities,” said Anderson Tanoto, Shareholder of APRIL Group and RGE Director.

The RER restoration area has been largely protected from burning during the last fire and haze season, one of the worst to have hit Southeast Asia, which indicates the effectiveness of APRIL’s landscape approach, supporting the case for further investment.

APRIL Group’s conservation and restoration activities delivered and committed now account for 400,000 ha – 150,000 in restoration and 250,000 in conservation – of forest in Indonesia, an area close to six times the size of Singapore, while nearly matching its commercial plantation area. This 1-for-1 goal of conservation to plantation is one of the commitments made by the company under its strengthened Sustainable Forest Management Policy (SFMP) announced six months ago, which ensured deforestation was eliminated from its supply chain.
http://www.prnewswire.com/news-releases/april-group-announces-us100-million-investment-in-expanded-peatland-forest-restoration-and-conservation-in-indonesia-at-cop21-300186819.html

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