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Danone Specialized Nutrition Indonesia Builds Biomass Boiler to Mitigate Climate Change and Create Circularity of Agricultural Products

Published on 12 August 2022

Danone Specialized Nutrition (SN) Indonesia inaugurated the construction of a rice husk-fired Biomass Boiler in the PT Sarihusada Generasi Mahardhika factory area, Prambanan, which is part of Danone SN Indonesia. This embodies the company's commitment to mitigating climate change by reducing its carbon footprint through the provision of nutritious products for mothers, children, and families through eco-friendly productions. Danone, in collaboration with Berkeley Energy Commercial Industrial Solution (BECIS), builds and operates a rice husk-fired Biomass Boiler to reduce the carbon footprint of production activities at the Prambanan Factory by up to 32%.

On behalf of Ganjar Pranowo, the Governor of Central Java, Sumarno, the Regional Secretary of Central Java Province, conveyed the Central Java Provincial Government's appreciation for the breakthrough made by Danone SN Indonesia during his welcome speech. “The Central Java Provincial Government really appreciates the initiative of PT Sarihusada Generasi Mahardhika, especially as New and Renewable Energy constitutes a crucial issue that needs to be touched upon in Indonesia. Currently, rice husks have not been utilized optimally, even though they have a lot of environmental potentials, such as being used as fuel for biomass boilers. Rice husk ash produced by this Biomass Boiler can also be further utilized by farmers as organic agricultural fertilizer. This is a good effort for sustainable practice and the implementation of the Circular Economy concept. We hope that this initiative will help develop agricultural products and inspire other business entities in Indonesia.”

Vice President General Secretary Danone Indonesia, Vera Galuh Sugijanto said, “The issue of climate change is becoming increasingly prominent, and its effects are becoming apparent. As a company that carries the ‘One Planet. One Health’ vision, Danone believes that the health of people and the health of Earth are interconnected, and addressing the impacts of climate change is part of the company's commitment to realizing healthier Earth and society. In collaboration with BECIS, a renewable energy service provider in Asia, Danone SN Indonesia builds a Biomass Boiler facility that will use 10,500 tons of rice husks per year and is capable of producing up to 6 tons of steam per hour, making it the first industrial rice-husk fired Biomass Boiler in Central Java."

“As a provider of nutritional products, Danone is committed to mitigating climate change with the ambition of using 100% renewable electrical energy by 2030 and achieving carbon neutrality by 2050. We also ensure that in addition to using environmentally friendly technology and raw materials sourced from renewable energy, this Biomass Boiler facility also contributes to creating circularity of agricultural products and increasing agricultural productivity,” Vera added.

In his remarks, Edi Wibowo as Director of Bioenergy, Directorate General of New Renewable Energy and Energy Conservation, Ministry of Energy and Mineral Resources said, "Currently, bioenergy, especially biomass, is mainly used as an energy source for biomass power plants, whose capacity reach 2,116 MW. Therefore, there are plenty of opportunities for bioenergy development, especially in the wake of environmental issues, climate change, public awareness toward realizing the energy transition to clean energy, and the increasing electricity consumption per capita.

We greatly appreciate the efforts of Danone Indonesia as a business player that synergizes with the Central and Regional Governments in supporting energy transition efforts through the provision of renewable energy using rice husk biomass. This is a real step toward realizing net zero emissions by 2060 or faster as well as supporting the government's efforts to achieve the target of 23% new and renewable energy mix by 2025. Hopefully, such action can set an example for other business entities to massively realize energy efficiency and green energy that is better for the environment and health."

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HSBC Led the Indonesian Custody Banking Business up to May 2022

Published on 12 August 2022

The trend of customers’ interests in investment shown significant increment as the increased numbers of mutual funds ownership. According to Infovesta’s data, total number of custodian bank management in Indonesia reached up to IDR 550,87 trillion as per May 2022. From 18 custodian banks, the top 5 banks are dominated by foreign banks. HSBC Indonesia has managed IDR 88,77 trillion, followed by Standard Chartered Bank, Citibank, CIMB Niaga Bank, and Deutsche Bank AG. Bankers are optimistic about the custodian bank business will continue to grow despite the global economic uncertainty.

Ali Setiawan, the Managing Director, Head of Global Markets & Securities Services HSBC Indonesia stated that external factors such as inflation, changes in interest rates and other market indicators are highly influential over the trust and decision of domestic and foreign investors. Ali said, “All the said factors subsequently will affect number of transactions, investment pattern, and type of asset which will be administered by the custodian bank. Our strategy is to always focus on the need of customer and capital market investors, predominantly in facing the current market conditions”.

HSBC continuously holds partnership with the relevant authorities and other stakeholders to support the growth of Indonesian capital market. Furthermore, HSBC is very confident towards the growth of managed funds, notwithstanding the adjustment to market condition, investor needs, and other external factors. “HSBC always strives to be at the forefront in serving the customer needs, by providing the best solutions in accordance with the market development and existing laws and regulations. To achieve that, HSBC continues to develop the human resources and infrastructure, in order to support the improvement of capacity, product services, and capital market regulatory development”, Ali added.

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