Tunas Sawaerma: a moratorium on development with immediate effect
Medan – After a series of engagement between Musim Mas and the Korindo Group, today PT Tunas Sawaerma, a member of Korindo Group, announces a moratorium on new land development with immediate effect.
The company will conduct a joint stakeholder consultation including stakeholders in the supply chain and civil society groups. The feedback and findings will aid in preparing for the establishment of a comprehensive No Deforestation, No Peat, and No Exploitation (NDPE ) policy. The process is expected to complete in three months.
A three month moratorium will be implemented in three concessions – Tunas Sawaerma A, Tunas Sawaerma B and Tunas Sawaerma E under PT Tunas Sawaerma (Tunas Sawaerma).
Musim Mas encourages Korindo Group to continue working with all its stakeholders to establish the comprehensive NDPE Policy during this moratorium period.
For more information, please contact:
+65 6576 6500