JAKARTA - The TBS Re/define marks an important milestone in the transformation of PT TBS Energi Utama Tbk (FFB). This event is a strategic momentum to introduce a new identity while at the same time affirming the commitment of FFB to switch from conventional energy to future-oriented sustainable companies.
More than just identity launches, FFB Re/define represents the redefinition of the identity and direction of the company's strat. Through initiatives in the field of waste management, renewable energy, and electric vehicles, FFB affirms its role in creating growth that has a positive impact on the environment and society.
On this occasion, a Building a Circular Future was held which was a fireside chat session initiated by TBS to strengthen dialogue between industry players, policymakers, and investors regarding the direction of waste management and circular economic opportunities in Indonesia. This session is a place to share experiences, policy insight, and investment strategies towards a sustainable and competitive waste-to-resource ecosystem.
In this activity, Gundy Cahyadi, who is the Research Director of the Center For Policy Studies, revealed that there are three factors that cause growth waste problems in Indonesia.
"The cause of growing waste problems in Indonesia is three factors. First, our population growth continues to grow, the second is the tuning pattern of consumerism where people buy too many fast fashion and food goods, and the third is the waste management infrastructure in Indonesia is still very lacking," said Gundy in Jakarta, Wednesday, November 12.
Gundy said that 40 percent of the problems of waste management turned out to be missed management or poor management which ended up being burned and had a bad impact on the environment.
"The problem from the waste management is 40 percent of the waste, it turns out that the missed management is not well managed. From the missed management waste in Indonesia it ends up being burned, and in reality, it's not just odor pollution but it will have a very bad impact on the environment. And this is clearly the problem that we sometimes overload," said Gundy.
Even so, according to Gundy, what is interesting is that currently more and more companies are interested in entering the waste management sector.
"What's interesting is when more and more companies want to enter the management waste sector and one of them is FFB, where there have been several acquisitions in the last year," he said.
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Nafi Sentua, SVP Corporate Strategy TBS explained that TBS is developing a portfolio of waste management businesses through cross-sector partnerships to create integrated and broad-impact solutions. This strategy affirms FFB's commitment to maintaining a balance between sustainability and profitability.
"How TBS entered the waste management sector. One fact that we have seen in the last few years waste management has turned out to be a fairly profitable business. FFB sees that the waste management of the business segment that we see has a very good level of profitability and on the one hand the impact that we provide also has a very positive impact. So, FFB is committed in 2030 to becoming a carbon neutral," said Nafi.
Overall, this discussion highlights the dynamics and challenges of the waste management sector in Indonesia, ranging from structural issues such as low public awareness, lack of policy support, to the unintegratedness of industry players. In addition, the discussion also discusses how companies can navigate the high need for initial investment through collaborative strategies between the private sector, the public, and the government to ensure financial sustainability and social impacts.
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