logo
Musim Mas, Nestlé, and AAK Renew Partnership to Address Environmental, Social, and Economic Concerns

Musim Mas, Nestlé, and AAK Renew Partnership to Address Environmental, Social, and Economic Concerns

Yahoo28-07-2025
SINGAPORE, July 28, 2025 /PRNewswire/ -- Musim Mas, Nestlé, and AAK have renewed their partnership for a fourth consecutive year to continue supporting independent oil palm smallholders in Aceh Subulussalam, Indonesia. This partnership—originally launched in 2021—focuses on addressing deforestation risks and the broader environmental, social, and economic challenges that smallholders face.
At the heart of the collaboration is the Subulussalam Smallholders Hub, a landscape-based initiative by Musim Mas that trains smallholders and Village Extension Officers (VEOs) on Good Agricultural Practices (GAP) and NDPE (No Deforestation, No Peat, No Exploitation) principles. VEOs serve as local trainers and knowledge multipliers in their communities.
Over the past three years, the program has exceeded expectations, training 1,581 smallholders (original target: 1,250) and 117 VEOs (original target: 60). In the second phase, 20 top-performing VEOs received advanced retraining aligned with Indonesia's ISPO certification, including modules on home composting to reduce reliance on chemical fertilizers.
With the renewed 2025 partnership, the initiative will directly train an additional 500 smallholders and 20 more VEOs through the advanced training track. This will bring the program's total reach to over 2,000 smallholders and 40 VEOs with advanced skills.
Beyond environmental outcomes, the partnership aims to build long-term community resilience. Musim Mas plans to introduce new advanced training modules covering its women smallholders' program, youth engagement, and financial literacy. Women will continue receiving support in nutrition and business management, with efforts to involve male family members to foster an inclusive and supportive environment.
Recognizing the importance of engaging the next generation, the program will include youth-focused outreach on sustainable agriculture, NDPE practices, and market expectations. Tailored capacity-building platforms will be developed to inspire innovation and commitment among young farmers.
The initiative also addresses the need for financial planning, particularly as smallholders prepare for palm replanting cycles. Training in financial management will empower them to make informed decisions and ensure long-term self-sufficiency.
Musim Mas, Nestlé, and AAK reaffirm their shared vision of inclusive, sustainable palm oil production in Aceh. As EUDR implementation nears, the partnership also offers a critical support mechanism to help smallholders overcome compliance challenges and remain active participants in global supply chains.
Media Contact:
Devane Sharma,Corporate Communications,Musim Mas HoldingsEmail: devane.sharma@mmh-global.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/musim-mas-nestle-and-aak-renew-partnership-to-address-environmental-social-and-economic-concerns-302514741.html
SOURCE Musim Mas Holdings
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Leading by Example: JAGGAER 2024 ESG Impact Report Showcases Sustainability in Procurement
Leading by Example: JAGGAER 2024 ESG Impact Report Showcases Sustainability in Procurement

Yahoo

timean hour ago

  • Yahoo

Leading by Example: JAGGAER 2024 ESG Impact Report Showcases Sustainability in Procurement

JAGGAER provides case study in cost cutting, risk management and sustainable growth RESEARCH TRIANGLE PARK, N.C., August 05, 2025--(BUSINESS WIRE)--JAGGAER, a global leader in enterprise procurement and supplier collaboration, has released its 2024 Environmental, Social and Governance (ESG) Impact Report, highlighting its progress in leading the procurement sector by example on sustainability. This year's report focuses on how the company embeds sustainability across its Source-to-Pay (S2P) solutions and internal operations to empower strategic cost reductions, 360° risk management and sustainable growth. As part of its efforts to anticipate customer needs, JAGGAER also undertook preparatory work for a Double Materiality Assessment, a key element in the EU's Corporate Sustainability Reporting Directive (CSRD), and a measure of accountability that signals a shift towards a more comprehensive understanding of both exposure to sustainability-related financial risks and broader impact on society and the environment. Andrew Roszko, CEO at JAGGAER, comments: "With a mission to guide the procurement and supply chain function into the future, at JAGGAER we practice what we preach. We experience first-hand the insights, transparency and strategic intelligence that our solutions provide businesses as they strive to manage risk, stay compliant and thrive. This report not only provides us with a critical benchmark for our environmental stewardship and role in the world but also reveals the breadth of intelligence available to support companies as they try to extract strategic data to cut costs, navigate volatile markets and stay competitive." In addition to this, the company received a Gold Medal from EcoVadis, placing it among the top 5% of all companies evaluated and within the top 1% among its industry peers. Environmental JAGGAER measured and published GHG emissions for the fourth consecutive year, achieving a 25% reduction in Scope 1 and Scope 2 emissions and a 43% reduction in Scope 3 emissions from the 2021 baseline. These results were supported by initiatives like AWS cloud migration and improved emissions data accuracy as well as environmentally responsible workplace practices. The latter were promoted through online collaboration tools, hybrid work, sustainable office rentals, paperless operations, and waste-reduction measures such as recycling and the promotion of reusable containers. In addition to this, through a partnership with Reforest'Action, the company contributed to reforestation projects in multiple countries, financing the planting of over 10,370 trees since 2019. These forests are expected to offset 1,556 tons of CO₂e over 30 years. Social As a signatory of the UN Global Compact, JAGGAER upholds its principles, ensuring non-discrimination and equal treatment based on merit and job requirements. In line with its commitment, the report reveals that in 2024 women made up 41.8% of JAGGAER's global workforce and held 36.1% of management positions. In support the happiness and health of employees, JAGGAER delivered wellbeing programs and mental health workshops across all regions, while maintaining a flexible work culture. To honor and cement company connections with local communities, employees dedicated over 380 volunteer hours to community service through local partnerships and initiatives. JAGGAER's efforts to create a serene and fair work environment were rewarded with two notable accolades: the Sunday Times – Best Places to Work 2024 (UK) and Gallagher's 2024 Best-In-Class Employer award (North America). Governance The ESG Steering Committee met quarterly to align on policy and homed in on data privacy and information security as core priorities, achieving industry-first AI management and security certifications, assurance measures, and full compliance with mandatory training. Employee engagement was high, with 100% of employees completing compliance training. Increased viability via the EcoVadis CAM solution, confirmed efforts to date and revealed that 71% of assessed high-spend or critical suppliers pose low GHG emissions risk. About JAGGAER: Procurement's intelligent source-to-pay and supplier collaboration platform. JAGGAER is a global leader in enterprise procurement and supplier collaboration, and the catalyst for enhancing human decision-making to accelerate business outcomes. We help organizations to manage and automate complex processes while enabling their highly resilient, accountable, and integrated supplier base. Backed by 30 years of expertise, our proven AI-powered industry-specific solutions, services, and partnerships form JAGGAER One, serving direct and indirect, upstream, and downstream, in settings demanding an intelligent and comprehensive source-to-pay solution. Our 1,200 global employees are obsessed with helping customers create value, transform their businesses, and accelerate their journey to Autonomous Commerce. View source version on Contacts Media contact For JAGGAER: Josephine OrnagoEmail: pr@ Cell: +39 3662250305 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

Chinese ‘fast fashion' company slapped with $1.15M greenwashing fine in Italy
Chinese ‘fast fashion' company slapped with $1.15M greenwashing fine in Italy

E&E News

time2 hours ago

  • E&E News

Chinese ‘fast fashion' company slapped with $1.15M greenwashing fine in Italy

Italy's antitrust agency has fined the Chinese online fast-fashion platform Shein €1 million ($1.15 million) for misleading green claims, it announced Monday. 'The well-known brand, operating in the 'fast' and 'superfast fashion' sectors, adopted a misleading communication strategy regarding the characteristics and environmental impact of its clothing products,' wrote Italian competition authority AGCM in a press release. AGCM said that Infinite Styles Services Co. Ltd., a company that operates Shein's website in Europe, has shared environmental claims that were 'in some instances, vague, generic, and/or overly emphatic, and in others, misleading or omissive.' Advertisement Shein promotes its 'evoluSHEIN by design' collection and the use of 'green fibers' as more sustainable.

MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million
MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million

Yahoo

time2 hours ago

  • Yahoo

MEXC Pushes into Southeast Asia With Deal Valuing Indonesian Exchange at $200 Million

Licensed crypto exchange Triv, based in Indonesia, has received a strategic equity investment from MEXC Ventures, the investment arm of global crypto platform MEXC. The deal values Triv at $200 million and reflects MEXC's growing focus on Southeast Asia, as Indonesia's crypto market enters a new phase of institutional participation and regulatory clarity. Leo Zhao, investment director at MEXC Ventures, told Decrypt the investment was 'structured as pure equity, not tokens or convertible instruments,' and is part of the group's broader expansion strategy in Southeast Asia. 'Triv's regulatory track record, user base, and infrastructure made it a high-conviction candidate,' he said, adding that the deal reflects MEXC's push to support 'local champions with strong compliance profiles' as institutional adoption grows across the region. MEXC Ventures declined to disclose the investment amount, citing a confidentiality agreement with Triv. The deal follows a major shift in Indonesia's crypto tax policy, which took effect as the month opened. Under a new finance ministry regulation, sellers of digital assets on domestic exchanges will now pay a 0.21% final income tax, at double the previous rate, while those using overseas platforms face a steeper 1% levy, per a Reuters report. Buyers, however, are no longer subject to value-added tax. Tokocrypto, a local exchange, said in the aforementioned report that the changes reflect Indonesia's shift in classifying crypto as a financial asset rather than a commodity, signaling a more formal regulatory phase for one of Southeast Asia's fastest-growing crypto markets. These measures are part of a broader transition in oversight from the commodities regulator BAPPEBTI to the Financial Services Authority (OJK), signaling a more institutional phase of market development. 'Natural fit' for expansion Zhao said the decision to back Triv stemmed from its 'proven market leadership' and alignment with local regulations, calling the Indonesian platform a 'natural fit for a long-term strategic partnership.' He noted that the timing reflects MEXC's wider ambitions to grow in high-potential, regulated markets across Southeast Asia. Founded in 2015, Triv is one of Indonesia's longest-running digital asset platforms. The exchange is fully licensed to offer spot trading, staking, and derivatives, and claims over 3 million registered users. It also operates a crypto media division, CryptoWave, and supports more than 1,000 digital assets including Bitcoin, Ethereum, meme coins, and synthetic U.S. stock products. Toncoin Jumps After '8-Figure' Investment by MEXC Ventures Triv said the deal would help expand products, boost liquidity, and strengthen infrastructure amid rising compliance demands. It will retain operational independence. MEXC Ventures signaled more regional investments may follow. The partnership would allow Triv to scale while maintaining its identity, Zhao said. 'For Triv's users, partnership with MEXC means enhanced services and reliability coupled with the core values and independence that have earned their trust over the last nine years,' he told Decrypt. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store