This is the ESG Policy of Lestari Capital Pte Ltd. (also referred to as “the Company”). It is committed to conducting its business and operating in a manner consistent with the highest standards of conduct pertaining to integrity and ethics, compliance with law and internationally recognized best practices in the treatment of its employees, business partners, public authorities, communities where it operates and other stakeholders in order to promote good governance and positive impact.


The ESG Policy is applicable to Lestari Capital Pte Ltd. and all of its subsidiaries, including Rimba Collective Pte Ltd, and to all employees and Representatives. Third party suppliers or contractors (such as the Project Operators of the Projects in the Rimba Collective) will be required to agree, affirm, and comply with the ESG Policy.

In the event of a failure to comply with the ESG Policy by:

a) the Company or its subsidiaries, the matter will be brought to the attention of the respective board of directors for  their  review and determination  on  appropriate corrective and/or disciplinary action to be taken, including the identification of the individuals directly responsible. In addition, the Company shall comply with its contractual obligations relating to the compliance of the ESG Policy under the terms of their respective contracts with its customers and other contract parties; or

b) employees or Representatives, the matter shall be determined by the senior management of the Company.


“Anti-Money Laundering Laws” means all applicable laws and statutes relating to money laundering and financial record keeping and reporting and all applicable rules and regulations and any related or similar rules, regulations or guidelines in relation to Money Laundering Practices.

“Corrupt Practices” means the offering, giving, receiving or soliciting, directly or indirectly, anything of value to influence improperly the actions of another party which shall include such practices prohibited by:

a) the Republic of Indonesia Law No. 11 of 1980 on the Criminal Act of Bribery, and Law No. 31 of 1999 on the Eradication of Crimes of Corruption as amended by Law No. 20 of 2001 on the Amendment of Law No. 31 of 1999 on the Eradication of Crimes of Corruption and their implementing regulations and any other applicable Indonesian laws and regulations pertaining to bribery or corruption;

b) the UK Bribery Act of 2010;

c) the United States of America Foreign Corrupt Practices Act;

d) the Malaysian  Anti-Corruption  Commission  Act  2009  and  the  Malaysian  Anti-Corruption Commission (Amendment) Act 2018; or

e) any similar laws, rules or regulations issued, administered or enforced by the United States of America, the United Kingdom, the European Union or any of its member states, the Republic of Indonesia, Malaysia or any other country where Lestari Capital operates.

“Fraud” means dishonestly obtaining a benefit or causing a loss by dishonest or other improper means.

“Guidelines” means the written elaborations on the Company’s ESG policy that provide further information and interpretation for this policy.

“Misconduct” means any behaviour or conduct (or attempt at such behaviour or conduct) that is prohibited by law, rule or regulation or the Company’s ESG Policy or code of conduct.

“Money Laundering Practices” means any activity, practice or transaction prohibited by any anti- money laundering laws or regulations in any jurisdictions to which the Company and its subsidiaries are subject.

“Personally Identifiable Information” means any data that could potentially identify a specific individual or any information that could be used to distinguish one person from another and can be used for de-anonymizing anonymous data.

“Prohibited Practices” means the Corrupt Practices and the Money Laundering Practices.

“Public Official” means an elected or appointed executive, administrative, legislative or judicial officer or employee of a country, state, territory, or political subdivision thereof; an officer or employee of a public international organisation; or an officer or employee of a public enterprise or public body, including officers or employees of state owned or controlled entities. In addition, Public Official includes any person who performs a public function or exercises public authority, by employment or contract, for any branch of the national, state, local or municipal government of any country or territory. Public Official also includes employees or officers of political parties as well as candidates for political office.

“Representative” means an employee or any entity, organisation or person who has an independent individual contractual relationship with the Company or its subsidiaries whether as a contractor, consultant or agent. This includes non-executive directors of the board.

“Responsible Official” means all board members or employees of the Company.

“Standard Operating Procedures” or “SOPs” are the detailed written descriptions of business processes that aim to ensure consistency and quality in process execution.


Protection and Promotion of Land Rights and FPIC Principles

Lestari Capital is committed to respect the rights and title to property and land of the individual, indigenous people and local communities. All negotiations with regard to their property or land, including the use of and transfers of it, adhere the principles of free, prior and informed consent (FPIC), contract transparency and disclosure. Where applicable, due diligence is undertaken to uphold individual or indigenous people’s established rights to property and land.

Responsible Financing

Lestari Capital is committed to respect the rights and title to property and land of the individual, indigenous people and local communities. All negotiations with regard to their property or land, including the use of and transfers of it, adhere the principles of free, prior and informed consent (FPIC), contract transparency and disclosure. Where applicable, due diligence is undertaken to uphold individual or indigenous people’s established rights to property and land.

Lestari Capital will not approve the financing of any project found to include or involve:

  • the obstruction of legal or customary community rights or the unwilling and/or illegal physical relocation of individuals or communities;
  • activities in violation of the terms of the concessionary license or land tenure type established for the development of the project, including:
    • forest/land clearance;
    • commercial production of timber or another agro-commodity (with the exception of community-level activities which are part of either a socio-economic engagement by the project or otherwise approved by the project and community partnership);
  • production of illegal products as defined by national/jurisdictional government law, regulation or international agreements; and
  • wildlife trafficking or the hunting of wild animals which are covered under the Convention on International Trade and Endangered Species.
  • working conditions for which evidence exists of:
    • forced labour or child labour; or
    • conditions of employment by a project which provide earnings below a minimum living wage applicable to the relevant jurisdiction.
Sustainability and Reduced Environmental Impact

Lestari Capital engages in environmentally sustainable development, promotes conservation and sustainable use of natural resources, conservation of biodiversity and heritage sites and disaster risk reduction planning, ensuring compliance with environmental protection legislation in the countries where it is registered and the countries where it operates.


Human Rights

We respect and protect human rights, personal security that is free from harassment or abuse of any kind, and provide a safe, clean and healthy workplace environment.

Key focus areas for Human Rights

Protecting the Right to Raise Grievance and Right to Remedy

Respecting Labour Right

Respecting Indigenous & Community Rights

  • Grievance
  • Child protection
  • Women’s rights
  • Non-discrimination / Equal opportunity
  • Freedom of association
  • No forced or bonded labour
  • Occupational health and safety
  • Respecting Community and Indigenous land rights
  • Supporting small holders
Guiding principles

LC adheres to international human rights principles and complies with local applicable laws, drawing guidance from the following guidelines and policies:

  • The United Nations (UN) Universal Declaration of Human Rights
  • ILO Core Conventions on Labour Standards

We are subject to the laws of the many countries in which we operate and commit to complying with all applicable laws. If it happens that our Policy, procedures and commitments are less stringent than local laws, the higher standards of the local laws apply. In situations where the local laws are less stringent, we endeavour to develop an approach on a case-by-case basis while using our Policy as a guideline. Where local laws prohibit us from upholding certain aspects of this Policy, we will comply with these local laws while continually seeking to respect and protect human rights.

The Company’s policy covers two key aspects:

  • Labour Rights:
    1. Freedom of association
    2. No forced or bonded labour
    3. No child labour
    4. Conducive working conditions
  • Indigenous and Local Community Rights:
    1. Respect land tenure rights
    2. Commit to obtaining Free, Prior and Informed Consent from local communities before commencing new operations
    3. Commit to Open, Transparent, Fair and Equitable Conflict Resolution

These human rights aspects are to be interpreted in line with the core principles stipulated in the above guidelines, in particular, the UN Universal Declaration of Human Rights, the ILO Core Conventions on Labour Standards.

Whistle-blower Protection

Lestari Capital conducts its work with integrity. The Company requires that Representatives and other individual associated with it who have reasonable grounds to suspect, or have actual knowledge of, Misconduct report such information to their line manager or another member of management.

Lestari Capital is committed and will not tolerate retaliation against a whistle-blower. Any attempt to deter a whistle-blower from reporting Misconduct is a serious offence and may be subject to disciplinary action including termination of any contractual relationship with the Company.

Anti-discrimination, Inclusion and Diversity

Lestari Capital values diversity and employs and partners with individuals and organizations from a wide range of cultures and races. The Company is committed to an open and discrimination free workplace. Representatives will not engage in discriminatory behaviours on the basis of race, colour, gender, language, religion, political or other opinion, national, ethnic or social origin, property, birth, pregnancy, marital status, disability, sexual orientation, age or any other status.

Further, Lestari Capital is dedicated to promoting gender equality and inclusive workplaces where persons with disabilities and other disadvantaged or vulnerable groups are reasonably accommodated. The Company or any Representatives must not engage in any discriminatory behaviours including, but not limited to, the following:

  • refusing to hire someone on the basis of their status;
  • terminating employees on the basis of their status;
  • refusing to promote employees on the basis of their status;
  • refusing to make adjustments to the workstation of employees with a disability;
  • treating employees unfavourably due to their status; and
  • refusing to excuse employees for pregnancy appointments, disability-related appointments, gender reassignment surgery or other such medical reasons related to their status.
Responsible Employment Management

Health and Safety

Lestari Capital is committed to a safe working environment that protects the health and wellbeing of employees. The Company complies with all work health and safety legislative requirements and, in doing so, focuses on actions to prevent harm and ensure reasonable care of all employees.

Anti-Narcotics and Drugs Free Workplace

The Company maintains a drug-free workplace and does not tolerate the manufacture, sale, transportation, distribution, possession or use of any drug or narcotic substance deemed to be illegal in the countries in which it is registered or operates. The Company will not knowingly allow any payments provided to or by it to provide direct or indirect support or resources to entities and individuals involved in drug trafficking.

Working Hours and Compensation

Lestari Capital complies with local laws and regulations regarding employees’ contracts and working hours.


Workplace safety includes safety from harassment or any form of offensive or disrespectful behaviour. Any form of harassment is unacceptable and may result in disciplinary action including termination or referral to local law enforcement authorities, as appropriate. Harassment includes any form of unwelcome verbal, non-verbal, visual, physical or other form of communication or conduct of any kind that cause others to feel uncomfortable or creates an intimidating, offensive or hostile work environment; and, as examples, may be related to racial, ethnic, sexual, gender, religious or personality matters.

No Forced nor Child Labour

Lestari Capital is committed to the safety and protection of all children that we encounter in our work and believes that all children have the right to be free from violence, abuse, and exploitation of any kind. Further, the Company embraces and respects the cultural and social diversity of the countries in which we work and places great importance on operating with honesty and integrity. Lestari Capital is committed to the protection of children in all aspects of our work.

Employment decisions must be based on free choice. Employment contracts must clearly state the terms of employment and must not restrict worker movement through the retention of identity papers, holding of deposits, or other actions aimed to prevent worker termination of their employment. In addition, workers must not be required to pay recruitment or other similar fees to obtain or retain their employment and suppliers shall ensure that any third-party recruitment agencies comply with these principles.

The Company adheres to the minimum employment age limit defined by national law or regulation and complies with relevant International Labor Organization (ILO) standards.


Accountability and Compliance with Laws

Lestari Capital is committed to comply in all respects with all laws and regulations to which it or they may be subject.

Lestari Capital holds itself and its Representatives accountable for their conduct and it shall and expects all Representatives and others with which the Company does business to adhere to the spirit and letter of this Policy. To ensure compliance with this Policy, the Lestari Capital asks its Representatives to:

  • review this Policy and commit to abide by it;
  • ensure that questions about this Policy are addressed promptly and all Representatives know how to seek guidance about complying with this Policy;
  • ensure that non-compliant conduct is reported through any means including Lestari Capital email or telephone as soon as practicable; and
  • report any known or suspected unlawful or unethical conduct related to the Lestari Capital. Self-reporting of non-compliance is encouraged.

The Company will investigate any report of a violation of this Policy or any unethical or unlawful conduct.

Transparency and Record Keeping

Lestari Capital is committed to transparency in all business dealings. Representatives must ensure that all official records are properly identified and maintained. The records are required to be true and accurate and any intentional misuse, editing or handling of the official records is prohibited.

Privacy Safeguarding, Responsibilities and Expectations

Access to and protection of information and safeguarding sensitive and Personally Identifiable Information and preventing its misuse are essential to ensure that the Company maintains the highest standards of professional conduct. Representatives, partners with which we do business, beneficiaries have a right to be protected against unwarranted invasions of their privacy resulting from the collection, maintenance, use and dissemination of their personal information. The Company is dedicated to the protection of the information which we hold to prevent actions that could result in substantial harm, embarrassment, inconvenience or unfairness to anyone with which the Company has a relationship.

Prohibited Practices

Anti Bribery and Corruption

Lestari Capital are committed to compliance with laws in relation to anti-bribery and corruption, including laws of other countries that are, or may be of potential relevance, that are regulating the Corrupt Practice. Accordingly, the Company will ensure that neither it, nor any of its directors, officers, employees, agents, subcontractors nor any other person or entity acting on its behalf, shall make any offer, payment, or promise or gifts, money or any other thing of value to either:

  • a Public Official; or
  • any representative of a third party,

for the purpose of improperly influencing any act or decision of such person or a Public Official to act in violation of his/her lawful duty or for the purpose of securing any improper advantage or obtaining or retaining business.

Lestari Capital shall ensure that no ownership interest in the Company, direct or indirect, is held or controlled by or for the benefit of a Public Official.

Lestari Capital, including the Representatives are required to:

  • reject Prohibited Practices in all of its forms;
  • understand and appreciate that Corrupt Practices are unlawful and therefore strictly prohibited, regardless of jurisdiction or circumstance;
  • adopt and enforce all policies that prevent Corrupt Practice in the conduct of its business;
  • operate with internal accounting controls and maintain accurate records that document relevant transactions; and
  • immediately inform their supervisor if information is discovered indicating that a Corrupt Practice has been committed, has been requested or otherwise suggested by any person, including a Public Official or private individual, in connection with, in relationship with, or working for the Lestari Capital.

The Company, including the Representatives must not:

  • directly or indirectly, commit or attempt to commit, any Corrupt Practice;
  • use their authority for personal gain; or
  • offer, provide or receive unlawful gifts, benefits, hospitality, advantages, courtesies or
  • entertainment from a Public Official where a reasonable person could interpret the offer, provision or receipt as a Corrupt Practice made in connection with the Representative’s duties, status or authority.

Hospitality is permitted under specific circumstances. Bone fide hospitality or other business expenditure with the aim of presenting the Company, products or services, or establishing cordial relations is permitted.

However, hospitality or promotional expenditure can be misinterpreted as Corrupt Practices and Representatives must keep in mind appearances and perceptions and not offer hospitality where it could be mistaken to have the intention of influencing an official to secure a business advantage, to perform a function improperly or to expedite the performance of a routine government action.

Anti-Money Laundering

The operations of the Lestari Capital are conducted at all times in compliance with all Anti-Money Laundering Laws and it shall not permit or authorise any person or entity to directly or indirectly use the proceeds to:

  • violate any Anti-Money Laundering Laws; and
  • lend, invest, contribute or otherwise make available any funds for the benefit of any subsidiary, affiliate, partners or any other individual or entity in a manner that will result in a violation of any Anti-Money Laundering Laws.
Conflicts of Interest


Lestari Capital believes in open and transparent business dealings. Representatives must separate their own personal interests from those of the Company. Conflicts of interests arise when a Representative or any member of his or her immediate family, his or her partner, an organisation which employs or is about to employ any of the above, or any outside employment in which the Representative is engaged, has a financial or other interest in, or will receive a tangible personal benefit, from an action taken by the Representative.

Actual or potential conflicts of interest must be reported immediately to the Representative’s supervisor so that action can be taken to manage and mitigate the conflict of interest, including but not limited to the exclusion of the Representative from any relevant decisions.

In the event that a Representative is subject to codes or rules of conduct other than those contained in the Lestari Capital Policies, Guidelines and Standard Operating Procedures (such as other professional codes), and a conflict arises between these codes, it is the Representative’s responsibility to bring the conflict to the attention of the Representative’s supervisor for resolution.

Rimba Collective and Rimba Collective Manager

The Rimba Collective is managed and facilitated by Lestari Capital acting as the Rimba Collective Manager. When managing Rimba Collective, the Rimba Collective Manager must always act in the best interests of the Rimba Collective and the Users. However, instances could arise where the interests of the Rimba Collective or the Users are in conflict, or where a conflict of interest occurs between the Rimba Collective Manager employees and the Rimba Collective, or where a conflict of interest occurs between the interests of the Rimba Collective and other activities of the Rimba Collective Manager. The Company conducts its business according to the principle that it must identify and manage conflicts of interests fairly and in a transparent manner as appropriate on a case by case basis.

Terrorism and Sanctions

Lestari Capital does not tolerate or condone the engagement, directly or indirectly, in terrorism or in the financing of or support of terrorists. Further, the Company uses its best efforts to ensure that payments provided to or by the Company do not provide direct or indirect support or resources to entities and individuals involved in terrorism. Transactions with, and the provision of resources and support to, individuals and organizations associated with terrorism are prohibited.

Lestari Capital abides by the sanctions put in place by the international community including but not limited to the United Nations, the European Union, the United States Office of Foreign Asset Control, the United Kingdom Foreign and Commonwealth Office, and the Australian Department of Foreign Affairs and Trade.

The Company abides by sanctions related but not limited to:

  • Counter Narcotics Trafficking;
  • Counter Terrorism;
  • Non-Proliferation;
  • Rough Diamond Trade Controls; and
  • Transnational Criminal Organisations.
Proper Use and Protection of Company Resources

In the performance of their duties, Representatives of the Company may be granted access to many sources of information, confidential or otherwise. Any information provided as part of a Representative’s duties or any information to which the Representative has access must be used only for the Company’s business and purposes and not of individual personal purposes. Representatives will not make any unauthorized, improper or unlawful use of any information made available to them in the performance of their duties. Further, Representatives will not access information without an official purpose related to the performance of their duties. In addition to information, the Company’s resources must also be protected.

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