Korindo News Update: Eco & Business Insights of Korindo Group
Did you know Korindo Group employs over 30,000 people directly? It also indirectly supports hundreds of thousands more. This highlights the significant impact Korindo Group has in Indonesia. The latest news reveals Korindo Group’s growth while prioritising environmental care.
Mr. Seung Eun Ho, Korindo Group’s chairman, has led the company to success. He champions unity and communication. His use of the “Green Tomorrow” bulletin ensures everyone works together towards a common goal.
Korindo Group focuses on eco-friendly projects and community support. They plant trees and support local wildlife. This demonstrates their commitment to being responsible and boosting Indonesia’s economy.
Keep reading to learn more about Korindo Group’s efforts. We’ll share updates on their journey towards a sustainable future.
Sustainable Business Practices of Korindo Group
The Korindo Group is a leader in combining business and environmental protection. They aim to grow the economy while preserving the planet. Their work in palm oil, timber, rubber, paper, and renewable energy showcases their eco-friendly commitment.
They strive to leave the world better than they found it. This dedication to sustainability is evident in their business model.
Commitment to Environmental Preservation
Korindo Group is dedicated to environmental preservation. They have numerous projects and adhere to global standards. They avoid deforestation and protect peatlands.
They also focus on sustainable forestry. This includes caring for habitats and replanting trees. Joining schemes like the Roundtable on Sustainable Palm Oil (RSPO) demonstrates their green commitment.
Achievements in Sustainability
Despite challenges, Korindo has made significant strides in sustainability. Obtaining the Indonesia Sustainable Palm Oil (ISPO) certification is a major achievement. This is the first time for a company in Papua.
This shows Korindo’s dedication to making palm oil production more environmentally friendly. They continually strive to improve their environmental impact.
- Korindo invests in research to make their business more efficient and green.
- They work with local people to improve education, health, and living conditions.
- They are open about how they do things. They share reports on their green efforts and how they affect the environment.
Korindo is frequently in the news for positive reasons. They exemplify how to run a business that cares for the planet. Despite facing challenges, they continue to work towards a greener future.
Korindo’s Contributions to Biodiversity Conservation
Korindo Group has made significant contributions to biodiversity conservation through reforestation. They focus on planting trees across Indonesia.
Tree Planting Initiatives
We’re working hard to save biodiversity by planting trees. We’ve given out thousands of seedlings in Jakarta’s parks. Our team, students, and community leaders are all involved.
By planting over 226,000 trees, we aim to enhance urban forests. Events like the Ciliwung Cleaning Action help protect Indonesia’s nature.
Support from the Indonesian Government
The Indonesian government supports our work. Our efforts align with the country’s climate change goals, like the FOLU Net Sink 2030 strategy. Korindo’s efforts are praised by the government for saving biodiversity.
Working together with the government makes our efforts more effective. This helps keep the environment healthy for a long time.
Korindo News: Latest Updates and Developments
Korindo Group is making big moves in their business and environmental efforts. The latest *korindo news today* shows the company’s shift towards sustainability and responsibility. These updates are key to understanding Korindo’s growth.
The company has put a hold on new land use in their palm oil operations. This includes 40,500 hectares, split between PT Papua Agro Lestari and PT Gelora Mandiri Membangun. Three subsidiaries under PT Tunas Sawaerma have also stopped new land use.
Corporate Social Responsibility (CSR) Initiatives
At Korindo Group, we aim to positively impact Indonesian communities. Our focus is on community development and educational support. We strive to create lasting, positive change.
Community Development Projects
We’re dedicated to improving life for local people through various projects. Our efforts include fish farming, poultry farming, and vegetable cultivation. By supporting small businesses in Papua, we enhance the local economy.
Health and welfare are at the core of our mission. We’ve established health clinics for free care and run health campaigns. This ensures access to medical help and promotes health awareness.
Our environmental commitment is evident in our tree planting and urban forest maintenance. These efforts contribute to the Hutan Kota Pondok Rajeg project, aiming to keep cities green.
Educational Support Programs
Education is vital for progress, and Korindo Group is committed to supporting students. Through Yayasan Korindo, we’ve provided over Rp 6.9 billion in scholarships to 2,652 students. This initiative removes barriers to education and fosters sustainable growth.
We also prioritize early childhood education. Our support includes educational materials and teacher training. This ensures children receive a solid educational foundation.
Addressing malnutrition is another key aspect of our educational support. Good nutrition is essential for effective learning.
| Initiative | Details | Impact |
| Community Health Clinics | Offering free healthcare services in operational areas | Improved health and awareness in local communities |
| Scholarship Program | Rp 6.9 billion in scholarships to 2,652 students | Enhanced educational access and sustainable development |
| Environmental Initiatives | Tree planting and urban forest maintenance | Improved environmental sustainability and green spaces |
| Support for Small-Scale Industries | Assistance in fish farming, poultry farming, vegetable cultivation | Boosted local economies and self-sustainability |
Addressing Environmental Concerns
The Korindo Group is at the forefront of environmental issues in Papua. Their deforestation practices have sparked significant reactions from environmental groups and consumers.
Consumer Attitudes Towards Sustainable Practices
Consumer attitudes towards sustainable products are evolving, with a growing demand for ethically made products. Surveys by GlobalData highlight this shift, influencing companies like Korindo to reassess their environmental impact.
Korindo Group’s Economic Contributions
The Korindo Group has significantly impacted the Indonesian economy. Their activities have created jobs and stimulated economic growth.
Employment Creation in Indonesia
The Korindo Group has greatly increased employment in Indonesia. With over 30,000 employees across various sectors, they contribute to the economy. Their initiatives in waste management and other areas also create jobs.
For instance, their bioconversion waste plants process substantial amounts of waste daily. This not only benefits the environment but also generates employment. In Lombok, West Nusa Tenggara, they operate a plant that demonstrates their commitment to environmental and economic sustainability.
Awards and Recognitions
Korindo Group’s efforts have earned them numerous accolades. Their Paper Division is commended by the UN Environment Programme for its eco-friendly practices. They are also Southeast Asia’s largest newsprint supplier.
Their Wind Tower facility is a testament to their innovation. It produces over 3,000 towers, delivering 6 gigawatts of energy worldwide. Their dedication to quality and sustainability is reflected in their ISO certifications.
| Division | Achievement | Capacity |
| Paper Division | UNEP Recognition | 330,000 MT/year |
| Wind Tower Facility | ISO Certifications, 6 GW produced | 500 towers/year |
| Bioconversion Plant at Cibubur | 1 ton/day waste processing | N/A |
| Bioconversion Plant in Lombok | Funded by Korindo Foundation | 4 tons/day waste processing |
Innovative Measures for Sustainable Growth
Korindo Group seeks a balance between profit and environmental protection. We employ cutting-edge strategies to sustainably grow our business. This approach ensures the efficient use of natural resources, fostering long-term growth.
Our commitment to sustainable growth is evident in Papua. Between 2009 and 2014, we acquired a significant land area, almost as large as Seoul. This acquisition demonstrates our dedication to environmental stewardship.
Our efforts have been rewarded with substantial success. Our business has surpassed $1 billion in sales, thanks to our innovative and sustainable practices. Yet, we continue to explore ways to generate revenue without environmental degradation.
By prioritising green initiatives and smart growth, we aim to transform challenges into opportunities. Our goal is to forge a greener future for all.
Korindo’s Future-Forward Vision
Korindo envisions a future where technology and the environment coexist harmoniously. We strive to create a business ecosystem that is both eco-conscious and technologically advanced. Our mission is to lead in sustainability and innovation.
Long-Term Environmental Goals
We are committed to achieving ambitious environmental objectives. Our strategy includes reducing deforestation, improving biodiversity, and ensuring equitable resource utilisation. In Indonesia’s Papua province, we are making strides, addressing historical issues and setting new sustainability benchmarks.
- Reducing forest clearing through better conservation.
- Utilising advanced methods to minimise environmental impact.
- Enhancing the lives of indigenous communities and ensuring fair compensation.
PT Tunas Sawa Erma, our subsidiary, has made significant progress. It has halted forest clearing in 25,000 hectares, adhering to a strict policy. These actions underscore our ongoing commitment to balancing business with sustainability.
Technological Innovations
Technology is central to Korindo’s vision for the future. We leverage the latest technological advancements to enhance our operations’ sustainability and efficiency. The establishment of the Korindo Innovation School reflects our dedication to preparing our team for a technologically driven world.
- Employing advanced monitoring for sustainable forestry.
- Developing green technologies to reduce carbon emissions.
- Enhancing digital skills and innovation in our projects.
We are also adopting innovative farming practices that optimise resource use and minimise environmental harm. By integrating data and remote sensing, we aim to make our plantations more sustainable. This endeavour will contribute to a greener future for everyone.
Korindo is focused on the future, blending environmental goals with technological advancements. As we progress, these values will guide us towards a more sustainable future.
Impacts of Global Trends on Korindo’s Business
Understanding the effects of global trends on Korindo’s operations is critical. The rise in eco-friendly living and fair trade, accelerated by the pandemic, has increased the pressure on companies like Korindo to be transparent and adhere to environmental standards.
