See all Pages Sustainability

Sustainability

Green Loan from &Green

DSN Group has signed a USD 30.0 million 10-year loan facility from Stichting andgreen.fund (“&Green”), a globally-focused impact investment fund financing sustainable commodity production to protect tropical forests. The &Green investment catalyzes the implementation of DSNG’s ambition towards meeting international sustainability standards such as compliance to IFC PS, RSPO commitments and implementation of an NDPE (including on its supply chain). DSNG is also committed to maintaining a high level of transparency on its performance against global standards through &Green’s and its own communication channels as well as through direct stakeholder engagement strategies.

The second Indonesian investment of the &Green fund will catalyse the implementation of DSN Group’s ambitious No Deforestation No Peat No Exploitation (“NDPE”) strategy. Moreover, the long-term loan facility provides DSN Group the flexibility to diversify its sources of funding amidst a volatile global credit market backdrop impacted by the COVID-19 pandemic.

DSN Group will work with key stakeholders, such as government agencies, local and international NGOs, while recognizing that the success of the company’s ambition depends most importantly, on the continued constructive engagement of its community partners. In collaboration with &Green’s investment advisor, catalytic investment company SAIL Ventures, the project has produced a Landscape Protection Plan, which outlines the collaborative efforts in the landscapes defining DSN Group’s various concessions. Furthermore, an Environmental and Social Action Plan will help DSN Group navigate the complexities of implementing strategies to manage the concessions sustainably within dynamic social and economic settings.

LPP (Landscape Protection Plan)

Landscape Protection Plan is a sustainable land-use and management plan, which sets out the impacts generated during the financing period within the landscape or project area by considering “Environmental Return and Social Inclusion”.

DSNG Landscape Protection Plan

ESAP (Environmental & Social Action Plan)

ESAP is a comprehensive Environmental and Social Action Plan (ESAP) following applicable standards, including national regulations regarding land acquisition, spatial planning, and environmental and social management plans, International Finance Corporation Performance Standards (IFC PSs) and Roundtable Sustainable Palm Oil Principles and Criteria (RSPO P&C).
Based on the ESDD carried out in the DSN Group plantation in East Kalimantan (7 PT), there are 36 aspects that require improvement

DSNG Environmental & Social Action Plan

In line with our commitment to transparency and accountability, an independent annual audit will verify and report on our commitments to the LPP, ESAP, as well as ensure our operations comply with IFC PS standards. Please see the Executive summary report for 2022-2023 at the link below which has been published on the &Green website:

The audit report is published on both &Green and DSNG’s websites as part of their commitment to transparency for their stakeholders. The report can be accessed at https://www.andgreen.fund/portfolio/pt-dharma-satya-nusantara-tbk-dsng/

We value the feedback we receive from our stakeholders on our work, especially the recommendations from the said report to achieve the intended objectives, as well as improve our efforts to bring about forest positive gains in our supply chain which is both inclusive and meaningful in its impact to the communities around us.