Buy Carbon Credits, GRP Commits to Execute Green Strategy
INFO NASIONAL - PT Gunung Raja Paksi Tbk (GRP) continues to be committed to implementing a green strategy. For this reason, after becoming one of the first steel companies in Asia to purchase carbon credits, GRP will continuously drive the wheels of business with an environmentally friendly approach.
“At GRP, we call it a green strategy. We will continue to run on all lines of business. This is proof and commitment that the company is very serious in dealing with climate change and Environmental, Social, and Governance (ESG),” said Commissioner of PT Gunung Raja Paksi, Tbk Kimin Tanoto.
According to Kimin, the green strategy has a strategic role. Because in the future, the world's infrastructure players and developers will move towards green metals by pressing steel suppliers to be green certified.
“Steel is at the core of a green economy, where economic growth and environmental responsibility go hand in hand. Doing a green strategy as quickly as possible can make your steel mill or company a leader in the market,” he said.
GRP continues to prove its concern for the environment. Previously, this national steel issuer was one of the first companies in Asia to buy carbon credits. Through Gunung Capital, GRP purchases carbon offsets from Climate Impact X (CIX), the global carbon credit exchange market and auction leader. Purchase of 10,000 tons at a price of 8 US dollars per tonne.
The auction succeeded in clearing 170,000 carbon credits from eight Natural Climate Solutions (NCS) projects. Each NCS project includes reforestation and avoided deforestation activities across Africa, Asia and Latin America.
Previously, GRP also signed a memorandum of understanding (MoU) with the social mobilizing community of IPB University, Bogor. Cooperation is carried out in terms of research, green environment, and environmental preservation in the company's area.
Kimin explained that the green strategy, which leads to a green economy, will provide prosperity for all countries. "Because this strategy is carried out while preserving and increasing the earth's resources," he said.
“GRP has paved the way for other steelmakers in Asia. We hope that other industries will also embark on this green initiative, while driving business regionally and globally. This is the best time for steel businesses and Asian steel companies to grow. Don't miss it," he said. (*)
Source: Tempo.co