About Us

The time for nature based solutions is now

Lestari Capital is a conservation finance company, based in Southeast Asia, that develops innovative, nature-based products that enable companies to deliver on their sustainability objectives.

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Our Purpose

We exist to support communities, protect biodiversity and limit global temperature rises by linking high-impact conservation projects with responsible finance at scale.

We develop and grow sources of demand for conservation projects through partnerships with corporations. Our work ensures that corporate sustainability standards and certifications have verified impact while addressing a critical gap in long-term finance for natural ecosystem conservation and restoration.

We are piloting this approach in Southeast Asia through a unique finance platform that links forest conservation finance directly to raw material procurement for 30 years.

The finance platform has three forms:

– Collectives (for collaborations)
– Solutions (for compliance)
– Climate (for carbon markets)

Our Vision

Our vision is a world where healthy ecosystems go hand-in-hand with good business.

Nature, people and the climate depend on companies delivering on their sustainability commitments, yet most existing models are not fit for purpose. Their sources, duration and ambition are insufficient, resulting in weal incentives to achieve credible impacts at scale.

Lestari Capital is at the forefront of a movement to embed forest conservation finance into the companies’ business models. Through our unique finance model, our corporate partners link ecosystem outcomes directly to their procurement of raw materials over the long term.

Our Values

We are an advocate and change agent for ecosystems; including the communities that rely on them, and those working to protect them.

We 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.

Team Lestari

A uniquely interdisciplinary team of conservation, market and finance professionals.

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Michal Zrust

Michal Zrust

Chief Executive Officer
Michal brings over 20 years of expertise working in the conservation, biodiversity and corporate sustainability space across Asia, Africa, Europe and Latin America, stretching from the field to corporate boardrooms. He leads Lestari Capital’s strategy for the sustainable commodities sector, spearheading the conceptualisation, development and implementation of our innovative conservation finance mechanisms. Michal is an invited expert and representative on numerous technical and governance bodies for certification systems, including the Roundtable on Sustainable Palm Oil and the Forestry Stewardship Council. Michal lives in Indonesia where he has worked extensively for the last ten years.
Alexander Hanrath

Alexander Hanrath

Chief Investment Officer
Alexander leads Lestari’s financial strategy, financial platform designs and client deal structuring. He brings over 15 years experience in Environmental Finance, Venture Capital and Startup Management. After starting his career with J.P. Morgan Investment Banking, he joined  Climate Change Capital advising on Asian renewable energy projects and later as VP in the Climate Change Capital Private Equity team. He has also served as CFO of several VC-backed clean-technology businesses. Alexander has lived and worked in Asia, Europe, North and South America and holds an MSc in Financial Economics and an MSc in Environmental Technology and Policy from Imperial College London.
Wan Tzan Chiu

Wan Tzan Chiu

Chief Legal Officer
Tzan Chiu (“TC”) brings to Lestari Capital the benefit of over 25-years of deep experience in corporate law. Prior to joining us, she served as the Regional General Counsel for Cargill in Asia Pacific. TC oversaw the legal affairs of Cargill's businesses in the region with her diverse legal team across nine countries. As a well-versed and accomplished lawyer, TC advised the company across a vast range of subjects, ranging from commodities trading, manufacturing and operations, treasury and finance, to acquisitions and joint ventures including its palm plantation business in Indonesia. TC holds an LLB with Honors from the University of Bristol and is called to the Bar in the UK, Malaysia, and Singapore.
Emelyne Cheney

Emelyne Cheney

Director of Projects
Emelyne leads Lestari Capital's strategy for the origination, development and implementation of a wide range of nature-based solutions projects across South East Asia. She brings 15 years of experience working towards practical solutions to address the rapid disappearance of tropical forests in Central Africa and Southeast Asia. Before joining Lestari, she worked for the United Nations Environment Programme, first as a coordinator for Congo Basin countries and then as a team leader and senior technical advisor on forest and climate finance in Asia Pacific. Prior, she was an expert on forest governance at the Food and Agriculture Organisation of the United Nations, where she built a global portfolio of projects related to social and environmental safeguards, land tenure, legal preparedness and governance assessments. She holds a PhD in Political Science from the London School of Economics (LSE).
Tommy Chan

Tommy Chan

Finance Director
Tommy oversees all aspects of finance, group accounting, budgeting, forecasting, cash management and internal control. For 13 years, he worked predominantly in the upstream Oil and Gas industry, advising C-suite, BU Heads, and Senior Management on projects including feasibility studies, M&A, fundraising, and cost cutting. Tommy is proficient in financial modeling, cash flow optimization and strategic planning, enabling teams to have more robust discussions and higher confidence in decision making. Prior to his time in Oil and Gas, he was an accountant in Nestle and Sinar Mas. His qualifications include ACCA, a Bachelor’s Degree from Deakin University, and an MBA from Alliance Manchester Business School.
Andika Putraditama

Andika Putraditama

Head of Rimba Collective
Andika leads the implementation and strategy development of Lestari Capital’s flagship initiative, the Rimba Collective. He brings over 10 years of experience working on sustainable land use issues and sustainable commodities in Southeast Asia. Prior to Lestari Capital, he served as the Deputy Program Director of the World Resources Institute Indonesia where he played a leading role in establishing WRI’s office in Indonesia, and managing WRI Indonesia’s agriculture, forest, and land use portfolio. This includes overseeing the development of satellite-based supply chain monitoring system, policy advocacy works on responsible supply chain, nature-based solution, climate-smart agriculture, as well as project design, proposal writing, and grant management. He is an awardee of USAID/CIFOR Master's Degree Fellowship where he received his Master of Science in Forestry from the School of Forestry at Northern Arizona University with a published thesis on the deforestation impact of social forestry program in Indonesia.
Tito Adikusumo

Tito Adikusumo

Senior Manager of Solutions and Strategic Engagement
Tito manages a team and reports directly to the CEO on the implementation of RSPO solutions, R&D in other sectors to capture new opportunities bringing in new clients, and on the engagement of key government institutions in Indonesia. Prior to joining us, in Indonesia he worked for various institutions such as the House of Parliament and the Ministry of National Development Planning. He also brings experience of working in the Amazon Forest in Brazil, and in the USA in Chicago's think thank to advise Chicago's river revitalization project. Tito holds a BSc in Environmental Engineering from ITB, and a MSc in Environmental Policy from the University of Chicago.
Darren Chia

Darren Chia

Corporate Finance Manager
Darren focuses on the development of financial and corporate strategy at Lestari Capital. He brings over 6 years of banking and financial advisory experience working with Real Estate and Technology, Media and Telecommunications (TMT) clients across the U.S.  and the Asia-Pacific region out of San Francisco and Singapore. Prior to joining Lestari Capital, Darren was at BNP Paribas in Singapore, where he worked on the origination, structuring and execution of investment banking transactions for TMT clients across M&A, advisory, leveraged buyouts and structured lending products. Darren holds a Bachelor’s degree in Economics from the University of California, Berkeley.
Nosrat Ravichandran

Nosrat Ravichandran

Malaysia Country lead
Nosrat leads the overall operations in Malaysia in developing and implementing Lestari Capital's portfolio of projects and partner engagements. Nosrat brings more than 18 years of experience in biodiversity conservation, ecotourism management, corporate communications, wildlife and protected areas management at the national government and regional intergovernmental organisation. Prior to joining Lestari Capital, Nosrat served in various capacities at the Department of Wildlife and National Parks Peninsular Malaysia and moved on to the ASEAN Centre for Biodiversity in the Philippines implementing conservation projects with public and development funds. She has experience working at the site level with communities and rangers all the way to policy level with ministry officials in the ASEAN member states. She has a bachelor's degree in Forestry from University Putra Malaysia and MSc in Environmental Management from University of Western Australia.
Indrawan Suryadi

Indrawan Suryadi

Senior Manager of Geomatics
Indrawan brings more than 20 years of experience in landscape conservation, HCV, HCSA, GIS, remote sensing, and carbon accounting. Indra has previously worked in a range of roles for organizations including CIFOR, UNDP, FAO, Tropenbos International, The Nature Conservancy, Zoological Society of London, and RSPO.
Reslian Pardede

Reslian Pardede

Senior Livelihoods and Community Benefits
Reslian has extensive experience working in private sector and development sector. Prior to working in the development sector, she worked in financial sector including capital market as fund manager who managed mutual funds.  Over the past 8 years, she has been working with market development approach in agriculture sector through development of sustainable solutions or innovative business models for commodities such as rice, vegetables, maize, cocoa, soybeans, Information, agriculture Communication and Technology (ICT), and all other interventions related to agriculture enabling environment with policy makers. She worked in various programs funded by institutions such as DFAT Australia, the World Bank, Swiss Contact, GIZ, etc. Her last position is the Chief of Party for ACTIVE, a cocoa agroforestry program that is a joint collaboration between USAID and Mars that focuses on environmental sustainability and market access.
Agnes Laurens

Agnes Laurens

Programme Manager
Agnes supports the development and execution of the project strategy for each of the business lines, assists the management of the Project Department and leads the Incubation and Readiness finance under the Rimba Collective. She brings 7 years of experience in performing market diagnostics, designing impact vision and program strategies, overseeing implementation of projects, and partnerships brokering with private & public sectors. Prior to joining Lestari Capital, she served as a Principal Business Consultant for Australia-Indonesia Partnership program where she led the strategic engagement with private companies to develop sustainability strategy in their core business lines to increase farmers’ competitiveness in five provinces in Eastern Indonesia. Her other experience includes market assessment for a SECO project in waste management in Indonesia and a consulting project to improve the livelihood for women in the ethical fashion industry in Cape Town, South Africa. Her flair for system thinking is shaped by her multidisciplinary background in Science and Management. She holds a Master’s degree in Social Innovation and Entrepreneurship from the London School of Economics (LSE).
Adrian Suharto

Adrian Suharto

Head of Stakeholder Engagement and Partnerships
Adrian manages the general stakeholder relationship for Lestari Capital, especially with key government institutions centrally and regionally, producers (partners) and with other key stakeholders essential for Lestari Capital’s success. Adrian brings more than 14 years experience from the corporate sector, especially from commodity markets, renewable fuels, agriculture and telecommunications. He was the first few people hired in Neste Singapore – the 4th most sustainable company in the world – and was instrumental in building Neste supply chain sustainability, government relations, stakeholder relations, leading sustainable development project partnerships and building the company’s positive reputation in the region. He represented the company in many multi-stakeholder initiatives such as ISCC, RSPO, RSB and within projects such as the landscape approach and GHG emission reduction in the supply chain. In Telenor team Adrian managed the supply chain sustainability in 5 business units in Asia. Adrian is currently an advisory board member to the Nordic Microfinance Initiative where he advises the organization’s activities in Asia towards empowering smallholders, through access to finance
Dr. Henri Sitorus

Dr. Henri Sitorus

Head of Project Outreach
Dr. Henri Sitorus oversees all aspects of partnership for conservation project implementation of Lestari Capital. He aims to work in partnership with project proponents including with International NGOs, National NGOs, corporate sector to engage in conservation and sustainability projects. He has expertise in sustainability and environmental governance, enriched with his extensive experience in rural development in Indonesia which will contribute to the achievement of effective conservation projects such as Hutan Desa, Ecosystem Restoration Concessions or REDD+. Henri earned Msc in Poverty Reduction and Development Management and PhD in Environmental Sociology. He brings his academic experiences and expertise in project management, sustainable development program/project evaluations and research, and strong network in rural development as well as conservation. He previously also served as Country Director of Heifer International in Indonesia, where he engaged with projects on community development integrated with agroecology through sustainable livelihoods program. In addition, he has been team leader for various project evaluation related to poverty alleviation and environmental resources management.
Indra Divayana

Indra Divayana

Senior Project Manager & Rimba Collective Lead
Indra leads the development, management, and implementation of the Rimba Collective Project Portfolio. Indra is involved in the development of new potential projects, oversees all project onboarding processes, and ensures projects meet Rimba Collective targets. Indra brings over 10 years of experience working on forest management issues, conservation projects, and sustainable land use issues. Prior to Lestari Capital, he has experience working with several private consultants, active in several studies collaboration between Bogor Agricultural University and other agencies, and in some of Non-profit Organization (NGO) such as GIZ, ICRAF, UNDP, and INOBU, dealing with Landscape management, Sustainable development, Deforestation issues, Climate Change issues, and Environmental governance studies. He holds a Master's degree in Forest Management Science and a Bachelor's degree in Forest Management from Bogor Agricultural University in Bogor, Indonesia.
Surya Meihdhy

Surya Meihdhy

Senior Project Manager
Surya has over  6 years of experiences in  research , community development, project management, multi-stakeholder engagement, with topics of interest including sustainable food system, sustainable agriculture,  sustainable supply chains and rural development. Prior to joining Lestari Capital, Surya worked at International NGO as the Country  Program Manager, where he was responsible for designing, fundraising, implementing and reviewing the  program intervention,  focusing  on Coffee commodity and collaborate with multi-stakeholders in the sector, from farmer group/organization, other NGOs, SMEs, to private sectors and related governments bodies. Surya also has experience working for natural -based solution projects when he worked at International Social Enterprise – B corporation company, coordinating agroforestry, restoration, afforestation, mangrove restoration, coral restoration and community –waste project across Indonesia and PNG. Surya  holds a Master's degree in  Organic Agriculture with the focus on Agro-ecology from the Wageningen University & Research, The Netherlands.
Rahadiyan Prasetya

Rahadiyan Prasetya

Regional Legal Counsel
Yana works closely and reports directly to the Chief Legal Officer across spectrum of initiatives, special projects and legal affairs of Lestari Capital. Prior to joining Lestari Capital, Yana was an associate in Hadiputranto, Hadinoto & Partners (Baker McKenzie) and his practice focused on the representation of lenders, arrangers and borrowers in domestic and cross-border financing transactions. He has worked for a variety of clients on matters involving general corporate finance, acquisition finance, ECA-backed finance, renewable projects finance and financial restructuring. Aside of his law practice, Yana is a champion of diversity and inclusion and he earned nominations for a global award for his achievements in creating initiatives on diversity and inclusion at work. Yana holds an LLB with Distinction from President University and Business Foundations Specialization from the University of Pennsylvania and is called to the bar in Indonesia.
Windy Wijaya

Windy Wijaya

Project Financial Analyst
Windy leads the financial reviews and appraisals of potential projects as well as monitor financial performances of live projects. She holds a Bachelor of Honours degree in Accounting and Finance from the University of Leeds and is a qualified ACA Chartered Accountant and Business Finance Professional. Prior to joining Lestari Capital, she worked with KPMG London where she gained extensive experience in the works of business finance and accounting within the Asset Management, Real Estate, Wealth Management and Healthcare industries. Having lived in three countries, she has explored many natural landscapes of different climates and regions and is passionate about spending time outdoors. She is thrilled to be part of conservation projects in Indonesia and Southeast Asia as her birthplace holds a special place in her heart.
Prescillia Putri

Prescillia Putri

Project Manager
Prescillia Putri (Sisil), works within Lestari Capital’s the Ecosystem Outcomes Team where she assists in developing and maintaining networks with project partners. She supports strategic thinking around conservation innovation, landscape approaches to conservation and conservation impacts and outcomes. Previously, Sisil’s work has targeted working in wildlife conservation-focused NGOs and research, most notably at the Research Center for Climate Change, University of Indonesia. She is experienced in field research on mammalian and landscape ecology and environmental education awareness strategies where she engaged with a broad range of stakeholders. Prescillia was awardee for Young South East Asian Leaders Initiative (YSEALI) SEEDS for the Future. She earned her Master’s degree in Wildlife Ecology and Conservation from University of Florida where she was one of the 20 students who received CIFOR-USAID Indonesia Forestry Fellowship Program.
Vivi Selviana

Vivi Selviana

NCS Technical Analyst
Vivi has over 5 years experience in environmental and forestry research, climate change, sustainability, nature-based solution such as REDD+ and PES, as well as indigenous people and local community’s livelihoods and wellbeing from working in research center, NGOs, consulting and one year on the job training in USA. She has worked on the planning, designing, and conducting research on climate change mitigation strategy including impact evaluation of REDD+ project on forest and socioeconomic of local communities as well as analysis of REDD+ projects’ GHG emission reduction across the tropics. She conducted study that provides an assessment of major public, institutional and private flows of direct and indirect REDD+ finance to recipient countries including their capacity to implement REDD+. She analyzed implementation and management of the REDD+ projects and programs by analyzing project design documents (PDDs), validation, monitoring, reporting and verification (MRVs) in different standards including VERRA, The Gold Standard, Plan Vivo, CDM, and national or local carbon certification Standards.  She holds MSc degree in Natural Resources and a Geographic Information Systems (GIS) certification from North Carolina State University, USA.
Shafira Putri

Shafira Putri

Rimba Collective Program Manager
Shafira has a strong background in renewable energy, climate finance and social entrepreneurship. She previously worked for New Energy Nexus Indonesia as Program Manager, where she led the development and implementation of various programs to support clean energy startups and innovators in Indonesia.
Arief Firmansyah

Arief Firmansyah

Climate and Land Use Officer
Arief supports and contributes to the development of the climate change mitigation strategy of Lestari Capital by working with the Ecosystem Outcome team to assess the GHG emission reduction potential of conservation & restoration initiatives. He has experiences working with private companies, mainly PT. Kencana Hijau Bina Lestari, PT. Global Alam Lestari and NGO International Yayasan WWF Indonesia. He also holds a Master's degree in Environmental of Science of Jambi University and a Bachelor's degree in Forest Management from Bogor Agricultural University in Bogor.
Andina Anastasia Krey

Andina Anastasia Krey

Project Manager
Andina, also called Tasya, has 10 year experience working with stakeholders in Indonesian Papua under international funding programs for forest conservation and restoration. She has assisted multi stakeholders, from the government decision makers in producing regulations and spatial planning for 25 year forest protection, private sectors for improved forest management, to traditional community in remote villages for making long term agreements to map and to protect their forest and a range of endemic species. She possess unique combination skills of Geographic Information System, Remote Sensing Technology, and Forest Governance. Andinahas a master degree in forest science and management from Southern Cross University Australia.
Nindita Hapsari

Nindita Hapsari

Project Manager
Dita has over 6 years of experience in project management, stakeholder engagement and research, with topics of interest including sustainable commodity production at the jurisdictional level, sustainable supply chains and forest fires. Prior to joining Lestari Capital, she worked as a Research and Project Associate, where she conducted multiple studies on a variety of environmental issues including forest and land fires and sustainable commodities to support jurisdictional, forest- and climate-friendly development in Indonesia. At Lestari Capital, Dita is responsible for overseeing the development of selected projects in the Collective and Solutions pipeline as well as supporting the management of the Project Department. Dita holds a Master's degree in Environmental Studies and a Bachelor's degree in Environmental Science from the University of Melbourne, Australia.
Via Apriyani

Via Apriyani

Business Development Associate
Via works closely with the Senior Manager of Solutions and Strategic Engagement to conduct research on building business case of forest conservation from agro-commodities, and on finding alignment with relevant government policies and regulations. Previously, Via has worked at the Research Center for Climate Change University of Indonesia where she led a research project that investigating the relationship between agricultural production and biodiversity in tropical rainforest areas. She holds a BSc in Biology from University of Indonesia, and an MSc in Environmental Studies and Sustainability Science from Lund University.
Tan Min Yee

Tan Min Yee

Senior Accountant
Min Yee passionate about all things accounting and finance. Started off her career in the banking world as a personal financial advisor and then went on to build her foundation in accounting with a consulting firm while pursuing her CPA Australia part time. Here, she had opportunity in preparation of full sets accounts, cashflow management, budgeting and process improvement. Having a taste for start-ups and SMEs, she joined a startup crypto firm as a junior accountant and enjoyed being part of an organization. She hopes to bring a change to the world even if it’s a small one because every small contribution can lead to a bigger one.
Jessie Lim

Jessie Lim

Finance And Admin Assistant
Jessie was in Trade Finance Operations with commodity trading firms like Adani & ETG group.  She specialized in documentation under letters of credit negotiation and collection, as well as structured trade finance operations for commodities, eg. agricultural products, palm oil, coal etc. Jessie was in the banking sector for over 10 years before joining the corporate. In Lestari Capital, Jessie reports to Finance Director, assisting in Finance & Administrative duties.
Ari Astiasari

Ari Astiasari

Finance and Human Resource Associate
Ari is responsible for the administrative and operations work for Lestari Capital Indonesia and works closely with her finance and administration counterparts in Singapore to ensure Indonesia office runs smoothly and continues to grow. She brings with her over 15 years of experience in the Administrative and Human Resource fields. Prior to joining Lestari Capital, she was Human Resource and Operational Manager in a Resort in Bali. Ari maintains good relationships with Ministry of Manpower and Immigration office to ensure all the company regulation comply with Indonesian regulation. She holds a Bachelor’s Degree in Communication from the University of Padjadjaran Bandung.​
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Advisory Board

Independent perspectives, experience, and insight from industry leaders.

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Dr. Gary Paoli

Dr. Gary Paoli

Co-Founder and Chairman of the Advisory Board
A Co-Founder of Lestari Capital, Gary provides strategic guidance and leadership as the Chairman of the Advisory Board, 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.
Dr. Sarah Walker

Dr. Sarah Walker

Senior Advisor
Dr. Walker has over fifteen years of experience in international technical assistance and project management, focused on climate change and land use change. Dr. Walker is a leading architect of and advisor to a number of national and jurisdictional REDD+ readiness programs along with the regulatory (CDM) and voluntary ecosystem service markets (VCS, ACR, CCB). Additionally, she’s a member of the CDM A/R Working Group, the lead author of the Panda Standard AFOLU specifications, and author of the Climate Community and Biodiversity Standards. Dr. Walker is also a member of the Technical Experts team for VCS Jurisdictional and the Nested REDD+ Initiative, as well as the High Carbon Stock Study Biomass Technical Team. She’s authored five regulatory and voluntary market approved methodologies, including revegetation, afforestation/reforestation, REDD, and wetland restoration and conservation. She has worked in over 25 countries and is an expert in forest inventory development, carbon accounting, agricultural economics, Remote Sensing, GIS, spatial, and hydrological modeling. Dr. Walker holds a PhD in Environmental Sciences from the University of Virginia
Morten Rosse

Morten Rosse

Independent Advisor
As Partner and Head of Natural Solutions at SystemIQ, Morten is leading efforts on developing regenerative land use models that either create value from standing forest or create value with forest regrowth. These efforts combine top-down activities, such as establishing global coalitions for change, with bottom-up activities such as incubating project developers or technology players with net-positive concepts.  Morten joined SYSTEMIQ after nine years at McKinsey & Company, where he was a leader in the Sustainability and Resource Productivity Practice. Morten has worked extensively with public-private partnerships to deliver sustainable economic development, in particular around optimizing land use and the circular economy.  He helped establish Partnership for Indonesia’s Sustainable Agriculture, an agriculture public-private partnership to address Indonesia's food, climate change and poverty challenges.  With McKinsey, Morten has lived and worked in Indonesia, Mexico, Germany and Denmark.
Norma Tregurtha

Norma Tregurtha

Independent Advisor
As Director of Policy & Partnerships at ISEAL, Norma works to mainstream the use of credible standards and certification schemes to establish responsible business practices. She engages actively with key business groups, governments and NGOs based in emerging markets to promote this agenda. Her work with ISEAL over the past 10 years has involved increasing focus on the use of standards in the finance sector, as a tool for responsible lending and investment, and building awareness around the unique role that standards can play in making public procurement more sustainable.  Norma participates actively in global policy discussions related to standards development, especially the links between standards and legislation, and coordinates ISEAL member actions and collective contributions toward global progress on the UN Sustainable Development Goals.  Prior to joining ISEAL, Norma worked as an agribusiness specialist and regional standards program manager at ComMark Trust, facilitating the development and improved operation of commodity and service markets for the benefit of poor , underserved communities in Southern Africa.
Glenn Hurowitz

Glenn Hurowitz

Independent Advisor
As CEO of Mighty Earth, Glenn leads an international initiative that secured groundbreaking conservation and human rights commitments from the world’s largest agribusinesses. As Managing Director at Waxman Strategies, he works with governments, philanthropies, and NGOs to deploy innovative climate and marine conservation policies. Among his achievements, Glenn served as Chair of the Forest Heroes campaign, where he secured strict No Deforestation policies from companies that cover 90% of global palm oil trade and, more recently, two of the world’s largest soy traders. For this work, Forest Heroes won the Benny Award from the Business Ethics Network for transforming agriculture. Glenn also advises philanthropies, governments and non-profit organizations on the need to innovate in developing their strategies to address major social and  environmental issues.  Previously, Glenn worked extensively in politics, authoring the critically-acclaimed book, Fear and Courage in the Democratic Party. His writing has appeared in The New York Times, The Atlantic, The Nation, Politico, The American Prospect.
Toby Jansen-Smith

Toby Jansen-Smith

Independent Advisor
As Chief Innovation Officer at Verra, Toby conceptualizes and oversees the development of new standards frameworks. A common thread throughout Toby’s career is a commitment to exploring how the power of markets can be mobilized to address pressing global environmental and social challenges.  Previously, Toby led establishment of the original VCS Agriculture, Forestry and Other Land Use (AFOLU) framework in 2008, the global carbon accounting standard for REDD projects, used by >100 projects worldwide. He also led Conservation International’s Climate and Land Use, Markets and Policy program, advancing market mechanisms for ecosystem services and securing some of the world’s largest corporate investments in REDD projects.  Prior to that, he directed the Climate, Community & Biodiversity Alliance (CCBA), which developed the leading social and environmental standards for forest carbon projects, now managed by Verra. Toby has also been active in forest carbon policy, developing legislative proposals adopted within various US climate bills; helping establish bilateral agreements between U.S., Brazil, Indonesia and Mexico; and serving on the REDD Offsets Working Group, the California Air Resources at scale.
Dr. Philippa Atkinson

Dr. Philippa Atkinson

Independent Advisor
Philippa is an independent researcher and consultant whose     work focuses on social safeguards and human rights in commodity production operations. She applies extensive experience in the design, implementation and communication of complex research projects across a range of social and socio-economic policy issues, from health to humanitarian aid. Her recent work focuses especially on sustainability mechanisms and certification schemes. Her work draws upon a strong and multidisciplinary academic grounding in development studies and human rights, gained over 15 years at the London School of Economics, and nearly 20 years as a contributor for the Economist Intelligence Unit. She applies deep experience and knowledge of Liberia and West Africa, and a growing understanding of Southeast Asia, to advance sustainability through a social accountability lens. Recent highlights include co-leading social and socio-economic aspects of the major High Carbon Stock Science Study, published in 2016; Senior Consultant with Forest Peoples Programme on development of Social Requirements (SRs) for the High Carbon Stock Approach (HCSA), including Implementation Guidance and pilot field-testing; and development and piloting of the Welfare Impact Assessment or WIA, a robust and practical method for monitoring the social impacts of commodity production.30
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Board of Directors

Governance and Steering

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Pedro Costa

Pedro Costa

Director

Pedro Moura Costa is an expert and entrepreneur in market mechanisms for dealing with environmental services, particularly in relation to greenhouse gas emission reductions, environmental services, forestry, and circular economy. Pedro is the CEO of Sustainable Investment Management (SIM), a fund management company focused on sustainability, and also the founder and director of BVRio - Rio de Janeiro’s Environmental Exchange, an organisation aimed at promoting market mechanisms to facilitate compliance with environmental laws, including a Responsible Timber Exchange, the Circular Action Hub, and the 3R Initiative. Formerly, Pedro was the founder and President of EcoSecurities Group Plc, the world leader in carbon trading and clean energy investment, listed in the AIM London Stock Exchange. Dr Moura Costa holds a PhD from University of London, is an Honorary Research Associate of the Smith School at Oxford University, and has published over 100 articles and books on greenhouse gas mitigation and carbon trading, including as a Lead Author in the Intergovernmental Panel on Climate Change (IPCC) reports that were recognised with a Nobel Peace Prize in 2007.

Vivian Lines

Vivian Lines

Board Director

Vivian Lines specialises in helping organisations and governments communicate effectively with their stakeholders globally. He currently heads up his own integrated communications consultancy. Prior to this he was Chairman Asia Pacific and Vice Chair Global at Hill+Knowlton Strategies. He divides his time between Hong Kong and Singapore, where he has lived for nearly three decades. In addition to working with companies on their communication strategies, he also undertakes training in aspects of communications, including crisis communications training to officers from the ASEAN Coordinating Centre for Humanitarian Assistance on Disaster Management.  He regularly writes on aspects of corporate governance, ASEAN and ESG. Vivian holds an MBA from Duke University, an MA in Political Science from Georgetown University, an undergraduate degree from the University of Kent, and a Financial Times Non-Executive Director Diploma. He is a Fellow of the Hong Kong Institute of Directors, a Director of Opera Hong Kong, and is a Member of the Advisory Board (Asia), FT Board Director Programme. 

Dr. Gary Paoli

Dr. Gary Paoli

Board Director

A Co-Founder of Lestari Capital, Gary provides strategic guidance and leadership as the Chairman of the Advisory Board, 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.

Michal Zrust

Michal Zrust

Executive Director

Michal leads business development and client outreach with sustainable commodity growers, consumer goods manufacturing and retail sector, drawing on more than 10 years of experience working in the conservation, biodiversity and corporate sustainability space in Southeast Asia. His work in the commodities sector is complemented by his past experience with the Zoological Society of London, Daemeter Consulting in Indonesia and years of field biodiversity conservation experience working with NGOs in Asia, Africa, and Latin America.  Michal sits on numerous technical working groups, including for the RSPO, FSC, and HCSA; a reflection of his strong understanding of the conservation challenges and priorities in Indonesia and the relationships with the commodity sector.

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Safeguards

Principles and Accountability

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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.

All of our products will be reviewed by both internally and by independent third party to ensure transparency, 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.

Contact Us

hello@lestaricapital.com

Lestari Capital PTE LTD

5 Westbourne Road

Blenheim

#02-04

Singapore, 138944