USD $30 million investment to protect forests and make Indonesian palm oil more sustainable
Impact investment fund &Green has committed a 10-year loan of USD $30 million to Indonesian oil palm company PT Dharma Satya Nusantara Tbk (DSNG) to bring palm oil production up to international sustainability standards, make the palm oil supply chain more traceable and protect forests. The landscape protection plan of the transaction is focused on seven subsidiaries based in East Kalimantan (Indonesia), where DSNG has 75% of its mature palm oil plantations and most its mills.