Strategy Note /
Global

ESG: Indonesia signals development over deforestation curbs

  • Indonesia's environment minister's comments appear to dilute COP26's commitment to reverse global deforestation by 2030

  • Half of Indonesia is covered in forest, one of the highest figures in emerging markets (Malaysia is 70%, Brazil 60%)

  • Palm oil is c10% of Indo exports, drove worst deforestation in EM in past decade (-6% vs. Malaysia up +0.5%, Brazil -2%)

ESG: Indonesia signals development over deforestation curbs
Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Nirgunan Tiruchelvam
Nirgunan Tiruchelvam

Head of Consumers Equity Research

Tellimer Research
4 November 2021
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