Our Purpose, Vision and Values
Lestari Capital connects markets to conservation: we finance outcomes on the ground through ethical and efficient mechanisms, to support the adaptation of more equitable market systems.
Through partnership with commodities companies, financial institutions and supply chain actors, we develop and grow sources of demand for ecosystem services projects. Our work ensures that corporate sustainability standards and certifications have verified impact, while addressing a critical lack of long-term finance for conservation and restoration initiatives.
We are piloting this approach in Indonesia by developing a portfolio of high-impact conservation projects connected to financing from the commodities sector that will last for 25 years or longer. Our Indonesia portfolio enables compliance with the requirements of sustainable commodity certification bodies, such as the Roundtable on Sustainable Palm Oil (RSPO).
Our pilot, the Sustainable Commodities Conservation Mechanism (SCCM) can accommodate a blend of public and private capital, providing a flexible platform that can facilitate compliance with the requirements of existing or future standards that enable companies to access increasingly discriminating global markets.
Our vision of success at Lestari Capital is a world where no ecosystem is left stranded and where every natural area is recognized for the value of the services it provides to both local communities and the global commons.
Our role in the environmental finance sector is to foster growth in the community of projects that conserve and restore our world’s ecosystems, by connecting them with responsible finance in the global marketplace.
We support collective efforts to weaken the market drivers of unsustainable land use change, along with efforts to redefine market rewards for companies that protect and restore vulnerable ecosystems in their area of operations. Our mission is to support this process through ethical and efficient conservation finance mechanisms and market development for high-quality projects.
Our vision is to support a large-scale adaptation of market systems, by fundamentally changing the cost and benefit of doing business for sectors that impact vulnerable ecosystems. For commodity actors, this means mitigating and, where stakeholders demand it, redressing environmental impacts. For projects, this means securing reliable, results-based finance to sustain their positive impacts on the ground. In doing this, we address two critical distortions in global markets, which are represented by each “pie piece” in the Lestari Capital logo.
We are an advocate for ecosystems; including the communities that rely on them, and those working to protect them.
We lead by example to show that equitable market mechanisms can deliver lasting conservation outcomes
We seek ethical participation of the private sector in conservation
We seek to foster a holistic understanding of land use from the market to the ground, rooted in transparency
Our interdisciplinary background in conservation and finance leads us to recognize the importance of verified conservation outcomes.
Our work to promote efficient private sector investment in conservation does not, and never will, support or endorse “cut and pay” systems.
We acknowledge and defend the rights of the local communities that depend on our world’s ecosystems.
Co-Founder & Chief Executive Officer
Gabriel brings more than 15 years of experience designing and developing landscape protection and rehabilitation programs in Southeast Asia, Latin America and Africa. Gabriel’s range of expertise on policy, forestry and climate change issues at national and jurisdictional levels lends a strong contextual understanding of conservation finance that guides the overall strategy and direction of Lestari Capital. In addition to starting a successful forest conservation company with technical services in Indonesia, Laos and Vietnam, Gabriel has led the development of some of the first REDD+ programs in Asia. An economist by training, Gabriel blends his academic experience with fieldwork in biology and wildlife conservation to gain a better understanding of larger economic forces that affect our world’s ecosystems.
Co-Founder & Chief Sustainability Officer
Michal leads outreach and business development with the sustainable commodities sector, drawing on more than 10 years of experience working in the conservation, biodiversity and corporate sustainability space in Southeast Asia. Michal also leads the vetting and on-boarding process with partner conservation projects, drawing on years of field biodiversity conservation experience working with NGOs in Asia, Africa, and Latin America, including the Zoological Society of London. Michal sits on numerous technical working groups, for the Roudtable on Sustainable Palm Oil (RSPO) and High Carbon Stock Approach (HCSA) – a reflection of his strong understanding of the conservation challenges and priorities in Indonesia.
Chief Financial Officer
With more than 20 years of experience in Capital markets and Impact Investing, Bikram provides financial guidance on all of Lestari Capital’s work as the CFO. Bikram is a founding partner of Green Arc Capital Pte Ltd/Inclusion Capital Partners LLC, an investment firm that connects impact enterprises and capital markets for financial inclusion, climate and conservation programs. Bikram has served as Managing Director at Credit Suisse in Singapore, London, and Hong Kong from 2004 to 2017, most recently as the Head of Asia Credit Markets & Fixed Income Structuring. Bikram holds an MBA from IIM, Bangalore and a BA in Economics from Delhi University.
Chief Conservation Officer
As the Chief Conservation Officer, Dr. Walker oversees all aspects of Lestari Capital’s project portfolio, helping to link corporate partners with a growing range of innovative projects. Sarah aims to leverage new technologies and partnerships to bring conservation to scale, drawing on her experience with projects and governments across more than 25 countries. With extensive experience in Indonesia and tropical peatlands, Dr Walker is a scientific expert in climate change, ecosystem valuation, greenhouse gas accounting, sustainability, and resiliency. Dr Walker brings more than two decades of experience assessing the environmental and economic impact of land use management decisions and commodity production to the Lestari Capital team. Previously, Dr Walker focused on the intersection between sustainable commodity production, resiliency, climate change mitigation and market-driven conservation initiatives as the Director of the Ecosystem Services at Winrock International
Gary provides strategic guidance to Lestari Capital, drawing on more than 25 years of experience working on sustainability issues in Indonesia. Gary is a founding partner of Daemeter, a leading consulting firm in Indonesia, which provides smart solutions to policy makers, international institutions, NGOs and private sector clients. Gary holds a PhD in Biology from the University of Michigan and leads Daemeter's program in sustainable palm oil, combining research, outreach and training with diverse stakeholder groups.
Chief Operating Officer
With more than 13 years of business process management and technology development experience in the financial sector, Rony serves as the Chief Operating Officer and Blockchain technical lead for Lestari. Rony brings deep experience optimizing large projects to deliver innovation and capital savings, including a role as the Artificial Intelligence Lead for the Innovation and Ventures Group at Credit Suisse APAC. While at Credit Suisse, Rony also served as co-chair of the Singapore Sustainability Committee, and managed deal structuring and sourcing for the Sustainable Finance Collective - an industry consortium for impact investment projects.Rony has a BEng. from Nanyang Technological University and holds a Certification in Finance from Harvard Business School. Rony is also a co-inventor of a patent-pending analytical system for improving international export efficiency.
Strategy and Policy Analyst
With experience as a technical adviser for the World Bank and as an environment expert for Indonesia's House of Parliament, Tito serves as the Policy and Strategy Analyst for Lestari Capital. His degree in engineering from Bandung Institute of Technology led him on a quest to understand the wider dynamics of how we use our planet's natural resources. Tito also holds a Master degree in Environmental Policy from the University of Chicago, where he furthered his studies on strategies to sustain water resources. Tito also worked in Chicago for a think-tank to design financial tools and governance mechanisms to revitalize Chicago’s river, and researched methods to deploy market mechanisms in Brazil to curb deforestation in the Amazon. Tito continually strives to better understand political and economic policy dynamics in Indonesia, and to gather market intelligence that can promote greater private sector engagement in conservation.
External Relations and Engagement Lead
As the external relations and engagement lead for Lestari Capital, Dewi draws on more than 24 years of experience encouraging participation and engagement with both public and private institutions. Dewi’s media experience includes time as a field producer for outlets such as the New York Times, PBS, France24 TV and ZDF TV Germany, where she produced news, features, investigative reports and documentaries. She has also worked in the international development field as an engagement adviser and research, with organizations including UK DFID, USAID, DFAT, GIZ and Reality Check Approach+ (RCA+ Indonesia)/Empatika. Dewi holds a Master’s in Public Policy from Indonesia’s School of Government and Public Policy Indonesia (SGPP) and has also held numerous roles with UN and bilateral agencies in the communications field, ranging from interpreter, master of ceremony, moderator, facilitator and communications adviser.
Griffin Ichiba Hotchkiss
Griffin advises Lestari Capital on the evolution of the blockchain space and its potential to re-align incentives to protect the world's natural capital assets. His primary role is to research decentralized methods to sustain conservation outcomes, along with writing for our Medium blog which promotes the intersection between the blockchain space and the conservation community. Griffin draws on wide-ranging experience in Southeast Asia, both as a lecturer for the Singapore Ministry of Education and as a market analyst in Myanmar where he focused on emerging land use and supply chain trends. Griffin is also a technical writer for the Colony project, a protocol for decentralized organizations on Ethereum.
Tan Yi Ting
Project Management Officer
Yi Ting handles an array of management tasks for Lestari Capital as a key member of the operations team. In addition to financial management, Yi Ting focuses on improving the internal processes of the company, drawing on more than 2 years of experience working with several of the Big 4 accounting firms. As a financial auditor, Yi Ting has conducted audits for publicly traded companies and multinational corporations across multiple sectors, including education, shipping, investment property and public enterprises for economic development.
Project Relations Manager
Arta leads the development of Lestari Capital's project portfolio by cultivating long-term relationships with project proponents and the wider conservation community. Arta brings more than 12 of experience in the conservation space in Southeast Asia and a singular focus on protecting and restoring Indonesia's natural capital assets. Arta started his career as a field researcher in Borneo’s Tanjung Puting National Park and later focused on Orangutan habitats for the Borneo Orangutan Survival Foundation (BOSF). Arta has also gained deep experience with conservation and ecosystem services while serving as Deputy Coordinator for REDD+ activities for the Kalimantan Forest and Climate Partnership and monitoring and evaluating environmental services delivery for the Rimba Raya nature preserve. Arta currently sits on the board of the Borneo Nature Foundation and has advised on sustainable commodity production for the Climate Policy Initiative, Winrock International and World Resources Institute.
We strive to lead by example through our work, particularly by showcasing how ecosystem services can be equitably financed through market systems.
We also strive to raise the bar for quality conservation and restoration outcome through selection criteria that ensures each project has been developed according to best practices, has been independently audited and is endorsed by participating local communities and government agencies.
At the pilot stage of the SCCM, the processes by which we engage with both projects and private companies will be reviewed by an independent third-party, with the results published and incorporated into our ESG policy. Lestari Capital’s Environmental, Social and Governance Policy (ESG) guides our overall engagement framework, both within the company and with our clients, partners and project portfolio members.
"The environment and the economy are really two sides of the same coin. If we cannot sustain the environment we cannot sustain ourselves"