As a growing company in the sustainability field, we are aware that any global or nation-scale policy trends would affect our practices on a local level. Thus, Tri Hita Consulting has entrusted a Board of Advisors to provide valuable insights and recommendations in advancing our sustainability initiatives. Not just that, we also used this moment to embrace global knowledge to understand and update about the current trends & regulations.
In this session we learned about sustainability regulations and practices that will affect Indonesia’s supply chain:
- In Europe – As sustainability has grown over the past five decades, we hear more often about sustainable financing, climate scenarios, risk assessment for investments, and relevant partnerships between European countries and Indonesia. For example, the Carbon Border Adjustment Mechanism (CBAM) will regulate the import of goods from certain industry with a high carbon footprint.[1]
- In the US – Sustainability has become a more mainstream concept in the US. In terms of the supply chain for electric vehicle (EV) minerals, Indonesia holds a potential deal to become a nickel supplier for the US [2] as it accounts for nearly half of global nickel production in 2022.[3]
Meanwhile, Indonesia recently launched the Comprehensive Investment and Policy Plan (CIPP) for Just Energy Transition Partnership (JETP), a strategic framework for national decarbonization of its energy system.[4] Renewable energy transition progress is in motion, as the Ministry of Energy and Natural Resources is preparing for the coal phase-out roadmap by 2050 and the National Renewable Energy target to reach 44% by 2030.[5] There are also growing trends in the co-production of green hydrogen and non-fossil products, especially in Kalimantan.[6]
Tri Hita Consulting is always passionate and eager to support private and public sectors who want to be ready and stay competitive in a globally interlinked world.
Are you planning to embark on your company’s sustainability in 2024? Reach us at contact info@trihita-consulting.com for more information.
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Reference:
[2] https://www.euronews.com/business/2023/11/13/us-and-indonesia-in-talks-over-ev-mineral-alliance
[3] https://www.statista.com/statistics/264642/nickel-mine-production-by-country/
[5] https://iesr.or.id/draf-cipp-targetkan-44-persen-bauran-energi-terbarukan-pada-2030