Our Sustainability Policy is to ensure that our new developments do not contribute to deforestation or plantings on peat. We seek to achieve this through a robust process in which High Conservation Values (HCVs), peat soil, and or areas with High Carbon Stock (HCS) are identified and set aside from new plantings.
The broad objective of the HCS Assessment programme is to achieve the development of more balanced land use planning in new plantation development, and in particular to identify high carbon stock natural forest areas that should be retained.
Although there were a few methodologies being trialed in 2014, Bumitama had been using HCS Approach to determine the amount of carbon and biodiversity stored within an area of land which varies according to the type of vegetative cover (12 September 2014 - Bumitama Pilots High Carbon Stock Assessment)
. The Group does not develop on High, Medium, Low and Young Regenerative Forests, in line with its NDPE Sustainability Policy launched on August 2015.
The Group is happy to note that following a year of intensive work, the HCS Convergence Working Group announced in Bangkok on November 2016 that they have reached agreement on convergence
between the HCSA and HCS+ approaches.