Nusa Dua-Bali, 14 November 2022 - Companies and business owners are required to implement and mainstream environmental, social, and corporate governance (ESG) into their business practices to ensure economic sustainability. CarbonX, a high-impact company, is speaking and sharing its experiences on "Carbon Trade & Investment" and "Community Development Engagement Opportunity" at the B20 side event hosted by the Indonesian Carbon Trade Association (IDCTA) in Bali Nusa Dua Convention Center on November 13-14, 2022.

“We want to meet the NZE ambition by prioritizing high-impact-focused projects. We curate and carefully select, fund, and implement carbon projects that meet our investment profile and criteria,” said Ken Sauer, Managing Director of CarbonX in one of B20 Summit side event with American Chambers of Commerce. 

“CarbonX is focusing not only on emissions reductions in their projects, but also on each project's long-term positive effects on the community and the environment.", Ken responded when a journalist inquired about the CarbonX business model. 

In terms of carbon emissions, many countries and corporations that produce high carbon emissions have begun to look at potential mitigation measures. Meanwhile, there is still significant inattention to delivering real impacts to achieve communities' resilience from the adverse impact of climate change, especially from the private actors. In fact, according to Indonesia's National Adaptation Plan (NAP), a total of Rp840 trillion (USD55 billion)[1] is required for the country to be a climate-resilient. Private sector participation could help fill the financing gap, as well as achieve tangible results in improving people’s livelihoods and ecosystem resilience. 

Present at the subsequent session, which discusses the role of the carbon market on community development, CarbonX Investment Director, Dessi Yuliana said, "Carbon projects and community engagement will go hand in hand to achieve sustainable development goals. Carbon projects, for instance, will engage local communities in forest rehabilitation activities as well as in the development and marketing of sustainable agricultural products and other alternative livelihoods. Additionally, CarbonX will also collaborate with micro-financiers in the project area to ensure the sustainability of actions on the ground."

“Our goals as a carbon project developer and high-impact company are to generate high-quality emissions reductions, improve livelihoods of local communities, and create new job opportunities suited to the green growth model,” Dessi added. 

“There has never been a better time for impactful investing in Indonesia than now. There is a huge opportunity for Indonesia to generate economic value that has a real impact on both the people and the planet. In accordance with B20's mission to achieve a strong, sustainable, and balanced global economy, CarbonX is ready to leverage the opportunity presented by the sustainable growth economy, ultimately accomplishing sustainable development goals in Indonesia" Dessi said. 

Therefore, CarbonX is ready to explore other potential investments in ESG-based projects. With the vision to develop a diverse portfolio, from nature-based solutions to technological innovations, CarbonX recognizes the enormous challenges of achieving a sustainable economy and is open to working with all relevant stakeholders. This includes local NGOs, organizations of civil society, local and national governments, academic institutions, and other private entities.