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One of the largest bank in the eurozone, is facing a lawsuit filed by environmental and human rights activist groups over allegations of providing financial services to companies contributing to deforestation in the Amazon rainforest. The Brazilian NGO and the French group filed the lawsuit in the Paris judicial court, claiming that bank did not conduct adequate checks before financing these companies. The bank has stated that its clients must have a "zero deforestation" strategy in their production and supply chains by 2025. Deforestation is Brazil's primary source of greenhouse gas emissions, and climate campaigners are increasingly using legal action to pressure large companies to transition to a low-carbon economy. French companies are mainly targeted due to a 2017 French law that holds them responsible for identifying and preventing risks to human rights and the environment resulting from their business activities. This is the second lawsuit targeting the bank on the grounds, with another complaint filed recently. The first ruling based on this law is expected to be announced Tuesday in a case involving one of oil major. The bank has stated that it requires "full traceability" from its clients regarding their supply chains of beef and soy from the Brazilian Amazon and Cerrado. It has pledged to no longer provide financial products or services to those that do not comply. The Bank has emphasised financial institutions' need for a collective commitment to effectively address the issue, stating that simply ceasing to finance these actors would not positively impact their practices, as they could easily find alternative lenders. The outcome of the lawsuit against the bank could have significant implications for the accountability of financial institutions in financing activities contributing to deforestation in ecologically sensitive areas like the Amazon rainforest.

Aquaculture improvement plans are crucial for aquaculture businesses seeking certification, as they demonstrate the business's commitment to sustainable and responsible aquaculture practices. Here are some steps that aquaculture businesses can take to create effective improvement plans: Identify areas for improvement: The first step in creating an improvement plan is to identify the areas where the business can improve its practices. This could include improving feed management, reducing disease incidence, or reducing environmental impacts. Set goals: Once the areas for improvement have been identified, the business should set specific, measurable, achievable, relevant, and time-bound (SMART) goals for each area. Develop action plans: For each goal, the business should develop an action plan that outlines the specific steps it will take to achieve the goal. The action plan should include timelines, responsible parties, and performance indicators. Monitor progress: The business should regularly monitor its progress towards achieving its goals and adjust its action plans as necessary. Engage stakeholders: Aquaculture businesses should engage with stakeholders, such as employees, suppliers, customers, and local communities, to ensure that their improvement plans are effective and socially responsible. Seek certification: Once the improvement plan has been implemented and progress has been monitored, the business can seek certification from a recognized aquaculture certification body. The certification body will assess the business's performance against established standards and provide feedback on areas for further improvement. One such certification is the Best Aquaculture Practice (BAP). Developed by the Global Aquaculture Alliance (GAA), the BAP framework is a set of standards and metrics that can be used to assess aquaculture farms' performance and identify improvement areas. BAP standards are built on the four pillars of responsibility, environmental responsibility, animal health and welfare, food safety, social accountability, with traceability as the foundation Another certification is the Aquaculture Stewardship Council (ASC) scheme. The ASC is an independent organization that sets standards for responsible aquaculture and certifies farms that meet these standards. The ASC standards cover a range of issues, including environmental management, social responsibility, and animal welfare. The certification process involves an independent audit of the farm’s practices, and certified farms must undergo regular assessments to maintain their certification. In addition to these industry-led improvement plans, governments and international organizations have developed strategies to support sustainable aquaculture. For example, the United Nations Food and Agriculture Organization (FAO) has developed a global strategy for the sustainable development of aquaculture. The strategy aims to promote responsible aquaculture practices, improve the livelihoods of aquaculture producers, and support the conservation and sustainable use of aquatic resources. Overall, the key to a successful improvement plan is to approach it as a continuous process of assessment, goal setting, action planning, and monitoring. By committing to ongoing improvement, aquaculture businesses can ensure that they are producing high-quality, sustainable, and socially responsible products that meet the demands of consumers and regulators. Aquaculture improvement plans are essential for businesses seeking certification, as they demonstrate a commitment to sustainable and responsible aquaculture practices. By following the steps outlined above, businesses can create effective improvement plans that identify areas for improvement, set specific goals, develop action plans, monitor progress, engage stakeholders, and seek certification from recognized bodies. At Peterson Projects and Solutions Indonesia, we provide consultancy and assistance services to aquaculture businesses seeking certification. Our team of experts can help you develop and implement effective improvement plans, monitor progress, and navigate the certification process. If you want to learn more about our services or have any questions, please contact us at marketing-indonesia@onepeterson.com. By working together, we can ensure that aquaculture businesses are producing high-quality, sustainable, and socially responsible products that meet the needs of consumers and regulators alike. Contact us today to learn more about how we can help you achieve your certification goals.

Resource assessment in the context of sustainable fisheries typically involves evaluating the status and potential of fish stocks and other related resources to inform fisheries management decisions to ensure their sustainable use. Fisheries resource assessment typically includes several key components: Stock Assessment: Stock assessment involves estimating the abundance, distribution, and biological characteristics of fish stocks, such as their size, age, and reproductive potential. This information is critical for understanding the status of fish populations and predicting their future dynamics. It usually involves collecting data on fish catches, fishing efforts, and biological characteristics of the fish and using statistical and mathematical models to estimate stock parameters. Habitat Assessment: Habitat assessment involves evaluating the quality and availability of the physical and biological habitats that support fish populations. This assessment can include assessing the health and productivity of marine and freshwater ecosystems and identifying and mitigating any threats to fish habitat, such as pollution, habitat destruction, or climate change impacts. Socio-economic Assessment: Socio-economic assessment involves evaluating the social and economic aspects of fisheries, including the livelihoods of fishers, the monetary value of fishery resources, and the social and cultural impacts of fisheries management decisions. This information helps to understand the human dimensions of fisheries and the implications of management measures on fishing communities and society. Ecosystem Assessment: Ecosystem assessment involves considering the broader ecological context of fishery resources, including the interactions between fish stocks and their environment, as well as the impacts of fishing on other species and ecosystem dynamics. This assessment can involve assessing the effects of fishing on non-target species, ecosystem services, and ecosystem health. Risk Assessment: Risk assessment involves identifying and evaluating the uncertainties and risks associated with fisheries resource management decisions. This assessment can include the dangers of overfishing, habitat degradation, climate change impacts, and other factors that may affect the sustainability of fishery resources. Management Strategy Evaluation: Management strategy evaluation involves using quantitative models to evaluate the performance of different management strategies and scenarios. Management strategy evaluation can help assess the potential effectiveness of various management measures in achieving sustainability objectives and inform the selection of appropriate management actions. Fisheries managers and policymakers use the information generated through resource assessment to make informed decisions on setting catch limits, establishing fishing seasons, implementing gear restrictions, and other measures to ensure the sustainable use of fishery resources. By understanding the status and potential of fish stocks and their supporting ecosystems, resource assessment is crucial in guiding sustainable fisheries management practices that promote the long-term viability and resilience of fishery resources and fishing communities.

In pursuing certification in fisheries, business owners must ensure that their fisheries enterprise is classified as sustainable. One of the critical factors in achieving this is how business owners adhere to regulations, rules, and policy developments that are implemented to promote sustainability in fisheries. Indonesia, renowned for its abundant marine resources, has over 50,000 laws and regulations. In fisheries, several key legal frameworks guide the management and utilisation of natural resources, including wild capture and aquaculture fisheries. This article provides an overview of the law regulation and policy development in sustainable fisheries in Indonesia, including the constitutional framework, national laws, government institutions, international agreements, and participation in regional fisheries management organisations. The 1945 Constitution of Indonesia serves as the highest legal authority in the country, to which the executive, legislative, and judicial branches of government must defer. Article 33 of the Constitution is the primary reference for national economy and social welfare laws, including managing and utilising natural resources like fisheries. This constitutional provision emphasises that natural resources and their utilisation should be aimed at the most significant benefit for the people and regulated by the state in the interest of public welfare. In addition to the Constitution, several other laws are particularly significant regarding the fisheries sector in Indonesia. These include Law (UU) No. 31/2004 on Fisheries, which was amended by Law (UU) No. 45/2009; Law (UU) No. 27/2007 on Coastal Areas and Small Islands, which Law amended (UU) No. 1/2014; Law (UU) No. 23/2014 on Local Government, which Law amended (UU) No. 2/2015; Law (UU) No. 32/2014 on Marine Affairs; and Law (UU) No. 7/2016 on the Protection and Empowerment of Fishers, Fish Farmers, and Salt Farmers. These laws provide the legal framework for managing, conserving, and utilising fisheries resources in Indonesia and outline the rights and responsibilities of various stakeholders, including fishers, fish farmers, and government institutions. In addition to laws, numerous government institutions/entities in Indonesia have mandates related to the fisheries sector. The Ministry of Marine Affairs and Fisheries (MMAF) is the primary government institution overseeing the fisheries sector. However, in 2015, the MMAF was placed under the coordination of a new coordinating ministry, the Coordinating Ministry for Maritime Affairs, responsible for coordinating and integrating policies related to marine affairs, including fisheries, across different sectors and government institutions. Regarding international agreements, Indonesia, as a member of the international community, must comply with the contents of international agreements it has signed or is a party to. The substance must make national regulations issued by Indonesia to ratify these agreements of the signed documents. Indonesia participates in various international organisations related to fisheries, and membership in these organisations has implications such as funding for the secretariat and compliance with provisions stipulated in the organisation's bylaws and other documents. One crucial group of international agreements in the fisheries sector are the Regional Fisheries Management Organizations (RFMOs), which are regional intergovernmental organisations that aim to promote cooperation among states for the conservation and management of shared fishery resources. Indonesia is a member of several RFMOs, including the Indian Ocean Tuna Commission (IOTC) and the Western and Central Pacific Fisheries Commission (WCPFC). Participation in these RFMOs has strengthened the focus on science-based fisheries management. These organisations develop and implement conservation and management measures based on the best available scientific information to ensure the sustainability of fishery resources in the region. The regulation and development of policies for sustainable fisheries in Indonesia are shaped by international agreements, national laws, and the role of government institutions such as the Ministry of Marine Affairs and Fisheries (MMAF). Participation in Regional Fisheries Management Organizations (RFMOs) and adherence to international agreements have contributed to the development of science-based approaches to fisheries management. At the same time, national laws and regulations aim to ensure the sustainability of fish stocks, protect the marine ecosystem, and promote the welfare of fishers and fish farmers. Despite challenges, ongoing efforts are being made to improve the implementation and enforcement of these laws and regulations for the sustainable management of fisheries in Indonesia. In conclusion, navigating the complex landscape of law regulation and policy development in sustainable fisheries can be challenging for business owners. However, Peterson is here to assist you in achieving certification in fisheries and ensuring that your enterprise meets the highest sustainability standards. Our expertise, fisheries management experience, and sustainability commitment make us your ideal partner in pursuing certifications such as the Marine Stewardship Council (MSC) or Aquaculture Stewardship Council (ASC). Let us help you unlock new opportunities in the sustainable fisheries industry while promoting responsible and ethical practices. Contact Peterson today to learn more about how we can support your fisheries certification journey. source: https://www.pshk.or.id/wp-content/uploads/2019/04/Legal-and-Government-Institutional-Landscape-of-the-Fisheries-Sector-Full-Report-PSHK-2019.pdf

The demand for insurance in the rapidly growing aquaculture industry has increased due to the emergence of medium to large-scale projects that carry significant risks. To mitigate these risks, the sector has been actively implementing risk management strategies such as Better Management Practices (BMP), certification, and traceability. However, aquaculture insurance is another effective tool that can help fish farms manage their risks. Despite its potential benefits, aquaculture insurance is a specialized insurance class that is not well-known to most fish farm operators. Many are unaware of its availability and the process involved in obtaining coverage. Aquaculture insurance is a type of insurance that is available for fish farms and aquaculture operations worldwide, covering a wide range of species. The FAO Review of Aquaculture Insurance suggests that obtaining such insurance can provide several benefits for fish farms, including: protection of invested capital, safeguarding against events and natural hazards that could damage health, assets, and harvests, creating more stable and secure incomes that can enhance economic welfare, facilitating access to investment capital and finance, Acquiring aquaculture insurance can offer fish farms access to risk management strategies and opportunities for mutual assistance and cooperation within the aquaculture industry. Some things to be considered by prospective aquaculture insurance policyholders include: Reading and understanding the entire policy carefully, including its terms and conditions. Reporting any changes or incidents that occur in the insured aquaculture facility. Ensuring that the requirements and conditions stated in the policy or its attachments are met to obtain insurance benefits in the event of a claim. Submitting a claim with an accurate value and understanding the amount of the deductible that must be paid by the policyholder in the event of an unavoidable loss. Avoiding cash flow problems by paying premiums in instalments, but must be aware of the possibility of restrictions or termination of insurance coverage if instalments are not paid on time. There are two types of insurance for fish farming, namely "All Risks" and "Named Perils". "All Risks" assumes that all risks are initially covered and then individual risks are gradually excluded. While "Named Perils" is the opposite, where nothing is initially covered and then slowly developed for specific risks agreed upon by the insurance company. There is also a new type of insurance called "index coverage", which is relatively cheaper and protects policyholders from precisely measurable natural forces such as excessive or insufficient rainfall, too-high or too-low water temperatures, strong winds, high waves, and so on. A company's best type of insurance is determined based on its individual needs. In cases of damage or loss covered by insurance, it is not enough to make a claim and hopes for payment. Insurance companies conduct thorough examinations to determine whether the problem occurred suddenly, was truly beyond the control of the policy owner, and whether the fish farmer has taken the necessary precautions to avoid danger. If there is a problem with the fish stock, it is recommended to contact the insurance company and follow their instructions immediately. Every detail, every step taken, and every event should be accurately recorded in this situation because the amount of compensation paid by the insurance company, in the end, may depend on it. After receiving a claim notification, the insurance company usually appoints a claims assessor to review and evaluate the claim based on insurance conditions. Claims assessors are usually professionally independent but paid for the task by the insurance company, so their report is also submitted there. Source: https://eurofish.dk/aquaculture-insurance-is-it-worth-it-coverage-of-operational-risks-linked-to-strict-conditions/ https://www.longline.co.uk/site/aboutus/publications/aquaculture_insurance_en.pdf

The Minister of Public Works and Housing of Indonesia, Basuki Hadimuljono, attended the United Nations Water Conference on March 23, 2023, where he shared Indonesia's commitment to the Water Action Agenda. The Water Action Agenda is a global initiative to promote sustainable water management and ensure access to clean water and sanitation for all. During his speech, Minister Basuki emphasized the importance of collaboration among countries to achieve these goals and the need for investment in water infrastructure and technologies. He also highlighted Indonesia's efforts to improve water management, including establishing a national water resources council and developing a national action plan on water resources management. In addition to these efforts, Peterson Indonesia has also implemented consultation services in water certification programs such as the Environmental Water Systems (EWS) and the Alliance for Water Stewardship (AWS) certifications. These certifications aim to recognize organizations that implement sustainable water management practices, such as reducing water consumption, minimizing pollution, and supporting the conservation of water resources. By implementing such consultation services in certification programs, Peterson Indonesia aims to encourage more organizations in Indonesia or other nations to adopt sustainable water management practices and contribute to achieving the Water Action Agenda's goals. Minister Basuki's attendance at the UN Water Conference underscores Indonesia's commitment to global efforts to promote sustainable water management and ensure all access to clean water and sanitation. Source: https://pu.go.id/berita/hadiri-un-2023-water-conference-di-pbb-menteri-basuki-sampaikan-komitmen-indonesia-tentang-water-action-agenda

As global demand for fish and seafood continues to rise, aquaculture is seen as a way to meet this demand while also reducing pressure on wild fish stocks. However, successful aquaculture operations require specialised skills and knowledge. This article will discuss ten aspects of aquaculture operational training that can help individuals gain the skills and knowledge needed to succeed in the aquaculture industry. Based on Fleming College, here are the aquaculture operations: Biology of Cultured Fish One of the most fundamental courses for anyone entering the aquaculture industry is the biology of cultured fish. This course covers the taxonomy and diversity of different fish species, their anatomy, organ systems, reproduction, life cycle, life history, migration patterns, physiology, ecology, and genetics related to aquaculture. Understanding the biology of the raised fish is essential for successful aquaculture operations. Biosecurity Management and Prevention in Aquaculture Operations Aquaculture operations are vulnerable to various diseases and other biosecurity risks, devastatingly impacting production and profitability. This course covers the importance of biosecurity. The risks aquaculture operations face and the best practices for preventing and managing these risks. Topics covered include disease prevention, disinfection, and quarantine procedures. Environmental Impacts and Benthic Monitoring of Aquaculture Operations Aquaculture operations can have significant environmental impacts, particularly on the benthic (seafloor) environment. This course delves into the impacts of aquaculture on the benthic environment, as well as strategies for monitoring and mitigating these impacts. Case studies and real-world examples are used to illustrate the concepts covered. Feeding and Nutrition of Aquaculture Fish Proper feeding and nutrition are essential for healthy fish growth and production. This course explores the different types of raw materials used in salmon feed and their nutritional benefits. Topics covered include the importance of protein, lipids, and carbohydrates in fish diets and the use of feed additives to promote growth and health. Aquaculture Sea Cage Rearing Systems Sea cage-rearing systems are one of the most common forms of aquaculture. This course covers the different components of a sea cage system, including rigging, cage structures, mooring, oxygen control systems, and aeration systems. The course also covers the principles of water flow and management in sea cage systems. Fish Diseases and Health Sample Collection in Aquaculture Operations Fish diseases can have a significant impact on aquaculture production and profitability. This course covers the pathogens affecting aquaculture systems, including viral, bacterial, fungal, and parasitic diseases. The course also covers the influence of environmental factors on these pathogens and prevention, control, and management techniques to maintain a healthy and productive aquaculture system. Harvesting Practices and Physiology Effects on Aquaculture Operations Harvesting and handling fish is a critical part of the aquaculture production process. This course explores the impacts of harvesting and handling on fish physiology and quality, including the effects of lactic acid, gapping, and scale loss. The course also covers best practices for harvesting and handling fish to ensure maximum quality and profitability. Intro to Aquaculture Statistics The course provides a scientific approach to collecting, organising, and interpreting data essential for monitoring and managing fish populations. Aquaculture managers can make informed decisions about feeding regimes, stocking densities, and disease control by analysing data on growth rates, feed consumption, and water quality. Introduction to Aquaculture Provides an overview of aquaculture systems, including producing aquatic organisms and cultivating freshwater plants, marine plants and animals under controlled conditions. This course also covers water quality management, nutrition, and disease control principles. Participants will gain an understanding of the critical factors that influence fish growth and survival, including temperature, oxygen levels, and salinity. Sealice Management and Treatment Methods It focuses on one of the most significant challenges fish farmers face: the control of sea lice. Sea lice are parasitic crustaceans that can cause significant damage to both farmed and wild fish populations. This course provides an overview of the production of sea lice, their impact on fish populations, and the tools to manage them. Participants will also gain an understanding of the design and usage of a variety of aquaculture support vessels and their roles in fish farming practice. In conclusion, aquaculture operational training is an essential tool for the sustainable growth of the aquaculture industry. As the demand for seafood continues to rise, the industry must be able to meet this demand responsibly and environmentally friendly. Operational training programs provide a comprehensive education in aquaculture's technical and practical aspects, ensuring that individuals are equipped with the knowledge and skills necessary to succeed in this field. From fish health and nutrition to water quality and farm management, aquaculture operational training covers a broad range of topics crucial to any aquaculture operation's success. By investing in operational training programs, we can support the growth of a sustainable and responsible aquaculture industry that has provided us with high-quality seafood for years. Peterson is the ultimate solution for anyone seeking to excel in aquaculture. With comprehensive resources and tools, a user-friendly platform, and a team of experienced aquaculture experts, Peterson is the go-to source for mastering all aspects of the field. Whether you're a beginner or an experienced professional, Peterson offers assistance to help you advance your career and contribute to the growth of your organisation by achieving aquaculture certification, such as in Marine Stewardship Council (MSC), Aquaculture Stewardship Council (ASC) and Best Aquaculture Practices (BAP). Contact us today at marketing-indonesia@onepeterson.com to take your aquaculture training to the next level.

Aquaculture is a rapidly growing industry that involves the farming and harvesting of aquatic organisms such as fish, shellfish, and seaweed. In sustainable aquaculture, technical, operational and financial due diligence are crucial components in ensuring the highest level of environmental and social responsibility. The audit for certification ensures that these due diligence components are rigorously assessed and that the aquaculture farm meets the necessary standards for sustainable and responsible practices. Technical due diligence in aquaculture involves assessing the technology and equipment used in the production process. This includes evaluating the quality and reliability of the equipment, as well as the efficiency of the production process. Factors such as water quality, feed quality, and disease control measures must also be taken into account. Technical due diligence is important in aquaculture because it can affect the overall success of the project. If the technology and equipment used are not of high quality, it can lead to low production levels and decreased profitability. Technical due diligence checklist: Architecture and infrastructure people development workflow intellectual property and licensing development strategy Operational due diligence is a type of due diligence that investigates the business model and operations of the target to ensure it’s a good fit for the buyer. Operational due diligence involves evaluating the management team and their ability to operate the aquaculture project successfully. This includes assessing the experience and qualifications of the team, as well as their track record of success in similar projects. Operational due diligence is important because it can affect the efficiency of the production process and the overall profitability of the project. If the management team is inexperienced or does not have a track record of success, it can lead to operational inefficiencies and decreased profitability. This could include review of: All operating processes Supply chain, logistics and procurement efficiencies In-house and departmental efficiencies Human resourcing, workforce strategy and employee retention Digitalization SWOT analysis Cost optimization and risk management Financial due diligence involves assessing the financial health of the aquaculture project. This includes evaluating the project's financial statements and projections, as well as the overall market demand for the product. Financial due diligence is important because it can affect the profitability of the project and the investor's return on investment. If the financial projections are overly optimistic or the market demand is not strong enough, it can lead to decreased profitability and a lower return on investment. Financial due diligence checklist Audited financial statements. Balance sheets. Assets and liabilities. Cash flows. Capital expenditures. Projections. In conclusion, conducting technical, operational, and financial due diligence is crucial for investors looking to invest in aquaculture projects. It is important to assess the quality and reliability of the technology and equipment used, evaluate the experience and track record of the management team, and assess the financial health of the project. By conducting due diligence, investors can make informed decisions and increase their chances of success in the rapidly growing aquaculture industry.

The palm oil industry is one of the contributors to deforestation and greenhouse gas emissions. According to theconversation.com, data shows that palm oil plantations on peatland contribute between 16.6% and 27.9% of total greenhouse gas emissions from Malaysia and Indonesia. Astonishingly this is between 0.44% and 0.74% of annual global emissions. However, the industry is working increasingly to reduce its carbon footprint and move towards a net-zero future. Net zero is a term used to describe the balance between the amount of greenhouse gases emitted and the amount removed from the atmosphere. This means reaching a point where emissions are offset by removing the same amount of carbon dioxide equivalent from the atmosphere. This can be achieved in several ways, including carbon capture and storage, reforestation, renewable energy, and carbon trading. Carbon footprint is the process of measuring the number of greenhouse gases emitted by an organization or industry. It calculates the total amount of carbon dioxide and other greenhouse gases emitted during a product or service's production, processing and transportation. Carbon footprint is essential for measuring an organization's or industry's impact on the environment and identifying opportunities to reduce emissions. Carbon footprint is very important for the palm oil industry to identify the primary sources of emissions and implement strategies to reduce them. According to Efeca Briefing Note January 2022, the main contributors to greenhouse gas emissions in the palm oil industry is land use change (particularly in oil palm grown on peat soils, drainage of peat soils is responsible for 52% of emissions in the life cycle of oil palm grown on peatland plantations). Other emissions sources contribute to the carbon footprint of palm oil, including agricultural inputs, processing, and wastewater generation from palm oil mill effluent. One way to reduce emissions in the palm oil industry is to implement sustainable practices such as: prohibiting the development of palm plantations on peatland, as drainage of peat soils is a significant source of emissions, establishing free fire policies, improving soil health by minimizing the use of fertilizers and pesticides, enforcing reforestation programs and, utilizing renewable energy sources in processing and transportation. In order to ensure that these sustainable practices are correctly implemented in the palm oil industry, certification programs are put in place. These programs certify that the industry meets specific standards for sustainable production. By obtaining certification, the industry can demonstrate its commitment to sustainability and responsible land use. One of the palm oil certifications is Roundtable on Sustainable Palm Oil (RSPO). RSPO is an organization whose purpose is to promote sustainable palm oil production through certification and sustainability standards. RSPO-certified palm oil is produced with less greenhouse gas emissions and less environmental damage than non-certified palm oil. According to nationalgrid.com, another way to reduce emissions in the palm oil industry is through the use of carbon capture and storage (CCS) technology. CCS technology captures carbon emitted from industrial processes and stores it underground, preventing it from being released into the atmosphere. Using CCS technology in the palm oil industry will significantly reduce emissions and help achieve net zero emissions. On the other hand, many experts stated that the use of CCS is expensive and sometimes classified as commercial development. The only way to do this is by using renewable energy, as Greg Bourne stated below in a Climate Council article: In summary, the palm oil industry significantly impacts the environment and reducing carbon emissions is essential to mitigating climate change. Implementing sustainable practices and certification programs such as RSPO and using CCS technology are some strategies that help reduce emissions and achieve net zero emissions in the palm oil industry. Still, the CCS is classified as a not viable climate solution since it is digging up and burning fossil fuels. The palm oil industry can be crucial in mitigating climate change and promoting environmental sustainability by working towards a net-zero future. Peterson can be your trusted partner in navigating the complex and evolving landscape of sustainability standards by assisting your business in achieving palm oil certification like RSPO, ISPO, MSPO etc., and also Net-Zero carbon certification including PAS 2060, ISO 14064-1, ISO 14064-2, UER, Plan Vivo, ISO 14001, and ISO 50001. Our team of experts has extensive experience in providing environmental management solutions. With Peterson, you can demonstrate your commitment to being a sustainable palm oil industry, reducing your carbon footprint and improving operational efficiency. Contact Peterson today at marketing-indonesia@onepeterson.com.

Keisuke Sadamori, the Director of Energy Markets and Security at the International Energy Agency (IEA), has stated that the world is approaching a peak in fossil fuel consumption, with coal being the first to decline. It's important to note that Asia alone accounts for 70% of global coal consumption, and the three largest coal-producing nations - China, India, and Indonesia - set production records in 2022. Considering that coal is a non-renewable resource and its supply chain generates significant greenhouse gas (GHG) emissions, numerous countries are committed to achieving net-zero emissions by 2050. However, phasing out coal is likely to create a demand for bioenergy produced by biomass. Biomass is sourced from organic materials like trees, plants, and agricultural or urban waste. It can be used for heating, electricity generation, and transportation fuels. Producing, processing, and utilizing biomass for energy sustainably and efficiently is crucial to optimize GHG savings and maintain ecosystem services. To accomplish this objective, the Feed-in Tariff (FiT) has become a low-carbon fuel model with its own set of sustainability criteria, including ensuring environmental, social, and governance (ESG) considerations, maintaining a secure supply chain, and third-party verification. FIT has approved some biomass updates as a model for sustainability in low-carbon fuels. The updates include the approval of "new" biomass fuels and certification schemes. Biomass update 2023: In conclusion, with coal consumption declining, there is a growing need for bioenergy produced from sustainable and efficient biomass. The Feed-in Tariff (FiT) has established its own sustainability criteria for low-carbon fuel, including third-party verification and ensuring environmental, social, and governance (ESG) concerns. Several biomass updates, including "new" biomass fuels and certification schemes, have been approved by FiT as a model for sustainability in low-carbon fuels. However, there is still a need for risk evaluation of biomass fuel regarding food competition and land use change. By utilizing certified biomass, countries can achieve their goal of phasing out coal while maintaining a sustainable and environmentally conscious energy source. Looking for a reliable partner to achieve your business's certification in biomass? Look no further than Peterson! With our expertise and experience, we can assist you in obtaining the necessary certifications approved by FiT, such as RSPO, MSPO, FSC, PEFC, SBP, RSB, GGL, and ISCC. Our team of professionals is ready to help you navigate the complex process of certification and ensure that your business meets all the necessary sustainability criteria. Contact us today at marketing-indonesia@onepeterson.com to start your journey towards a sustainable and eco-friendly future with certified biomass.

As the world becomes increasingly aware of the environmental impact of plastic waste, there has been a growing demand for more sustainable and eco-friendly solutions. One approach to tackling this issue is through the use of recycled plastic materials, which can reduce waste and conserve resources. However, verifying the recycled content of plastic products can be a complex and challenging task, requiring standardised certification schemes and rigorous testing procedures. This list below is the comparative review of the standards and certification schemes used to verify recycled content in plastic products, providing the jurisdiction of each approach. EN 15343: 2007 Plastics Recycling Traceability and Assessment of Conformity and Recycled Content (Europe): The CEN published a standard that outlines the required mechanical recycling procedures for products made from recycled plastics. The standard provides traceability proof and enables manufacturers to use recycled materials with confidence. ISO 22095 Chain of Custody – General Terminology and Models (Global): This resource offers clear definitions of various CoC models and their requirements, applicable to all industries, materials, and products. It can serve as a reference for any organization at any stage of the supply chain or for standard setting organizations developing CoC standards. International Sustainability and Carbon Certification (ISCC) Plus (Global): A global voluntary certification system that certifies sustainable, deforestation-free, and traceable supply chains for materials from agriculture, forestry as well as waste and residue raw materials, non-bio renewables and recycled carbon materials and fuels. The standard can be applied to all markets including chemical and energy markets, as well as food and animal feed UL 2809 Environmental Claim Validation Procedure (ECVP) for Recycled Content (Global): This program provides third-party validation of products' recycled content, including post-consumer, pre-consumer, closed-loop, and Ocean Bound Plastic. It certifies any material or industry, from electronics to jewelry and batteries, and has completed projects involving glass, gold, copper, tantalum, and cobalt throughout the supply chain. SCS Recycled Content Standard (Global): This voluntary standard assesses products made from pre-consumer or post-consumer waste material and measures the percentage of recycled content to make accurate claims in the market. Association of Plastic Recyclers (APR) Postconsumer Resin (PCR) Certification (USA): Assures converters and brand owners that the material they are purchasing and using in their packaging is post-consumer recycled (PCR). GreenBlue Recycled Material Standard (RMS) (North America): A market-based framework for consistent labeling of recycled content products and packaging, either through CoC certification or ARC certificate trading. EuCertPlast (Europe): This is a Europe-wide voluntary certification program designed to acknowledge high-standard recyclers of pre- and post-consumer plastic waste who operate according to strict standards. RecyClass (Europe): This is a voluntary audit scheme conducted by a third-party to confirm the traceability of recycled materials across all stages of the value chain, also ensures that the origin of the material, whether pre- / post-consumer, is accurately reflected in product claims. Recycled Claim Standard (RCS) (Global): Voluntary standard for third-party certification of recycled input and CoC, aimed at promoting greater use of recycled materials. The affiliated CCS verifies the accuracy of content claims by confirming the presence and quantity of a raw material in a final product. RSB Standard for Advanced Products (Global): This scheme certifies all industries, including plastics, textiles, pharmaceuticals, packaging, tableware, cosmetics, nutritional supplements, food, feed, pulp, and paper. It uses a single, consistent standard for bio-based, recycled content, attributed systems. RAL Quality Mark for Recycled PET (Germany): This certification is granted to fillers, bottle and preform manufacturers, and recycling companies that meet quality and testing requirements for producing PET beverage bottles from post-consumer waste. QA-CER Recycled Content Certification System (Global): This is a voluntary third-party system certification that is based on the principles of ISO 9001, including CoC. Istituto per la Promozione delle Plastiche da Riciclo (IPPR) Plastica Seconda Vita (PSV) (Italy): This voluntary product certification scheme certifies mechanically recycled plastic and was developed in Italy. Its purpose is to make recycled plastic products more visible and identifiable to public administrations and companies with a public capital focus. Cradle to Cradle Certified (USA): This certification program assigns an A, B, C, X, or GREY rating to recycled content materials that undergo assessment when used in finished products seeking certification. Summary Table In conclusion, verifying recycled content in plastic products is becoming increasingly important in today's world. With a growing emphasis on sustainability and environmental responsibility, consumers and businesses alike are looking for ways to reduce their impact on the planet. Standards and certification schemes play a vital role in ensuring that recycled content is accurately measured and reported, giving consumers the confidence they need to make informed purchasing decisions. By staying up-to-date with the latest developments in this area, businesses can position themselves as leaders in sustainability and meet the changing demands of today's market. Attention businesses seeking to incorporate recycled content in plastic products! We understand that navigating this landscape can be daunting, which is why we recommend seeking the assistance of Peterson Projects and Solutions Indonesia. As professional consultants in sustainable business practices and certification, we can guide you towards your sustainability goals while ensuring industry compliance. Contact us at marketing-indonesia@onepeterson.com for more information. Let's work towards a greener future together.

A business feasibility study is a detailed analysis of the viability of an idea or concept for a business venture. Once feasibility has been determined, a business plan documents the operational and financial objectives of the venture and the detailed plans to achieve them. Aquaculture is a complex and capital-intensive industry that requires careful planning and management to ensure its success. Feasibility studies and business planning are critical components in the process of starting and operating an aquaculture business to assess the viability and potential success of a proposed project or business venture. These processes can help entrepreneurs make informed decisions, allocate resources effectively, and develop strategies to mitigate risks and challenges, leading to a higher likelihood of success. Here is an example of an aquaculture business feasibility study and business plan: Feasibility Study: An entrepreneur wants to start an aquaculture business that will specialize in the production of targeted fish for local and export markets. The feasibility study will assess whether the idea is viable and financially feasible. Market feasibility: The study will examine the demand for targeted fish in local and export markets, the competition, and pricing trends. Technical feasibility: The study will assess the availability and suitability of land, water, and other resources for the production of targeted fish. It will also examine the required technology, equipment, and infrastructure to support the business. Financial feasibility: The study will analyze the estimated costs, revenue projections, and potential return on investment to determine whether the business is financially feasible. Legal feasibility: The study will examine the legal requirements, permits, licenses, and zoning regulations needed to start and operate the business. Operational feasibility: The study will assess the staffing requirements, skills, and training needed to operate the business and identify potential operational risks and challenges. Business Plan: Assuming the feasibility study shows that the business is viable, the entrepreneur can proceed to develop a business plan. The business plan will detail the operational and financial objectives of the venture and the detailed plans to achieve them. Here are some sections that would be included in the plan: Executive Summary: This section will provide a summary of the business idea, the market opportunity, and the financial projections. Company Description: This section will provide background information about the business, its mission, and its products or services. Market Analysis: This section will provide an analysis of the market opportunity for targeted fish, including the target market, competition, and pricing. Management and Staffing: This section will describe the management team, the organizational structure, and the staffing requirements. Operations Plan: This section will detail the production process, technology, equipment, and infrastructure required to produce targeted fish. Marketing Plan: This section will describe the marketing strategies and tactics that will be used to promote and sell the products. Financial Plan: This section will provide financial projections, including income statements, cash flow projections, and a balance sheet, and will also include a funding request if needed. In conclusion, feasibility studies and business planning are crucial for the success of aquaculture businesses. These processes can help entrepreneurs assess the market demand, availability of resources, technical requirements, financial viability, and potential risks and challenges. By conducting a thorough feasibility study and developing a comprehensive business plan, entrepreneurs can make informed decisions and allocate resources effectively, leading to a higher likelihood of success. Furthermore, it is essential to seek expert advice and assistance to ensure the success of the aquaculture business. Peterson Projects and Solutions Indonesia is a leading consultancy firm including in the aquaculture industry. Our team of experts can provide valuable insights and solutions for your aquaculture business, including certification, technical support, and training. If you need assistance or consultancy for your aquaculture business, don't hesitate to contact Peterson Projects and Solutions Indonesia at marketing-indonesia@onepeterson.com. Let us help you turn your aquaculture business into a success story.