Rimba Collective is an initiative led by buyers and processors of palm oil to collectively support long-term, sustainable conservation, and restoration of forests. It aims to provide US$1 billion to protect or restore 500,000 hectares of forest, supporting 32,000 individuals in forest communities in Southeast Asia over 25 years, starting in Indonesia.
Rimba Collective aligns with the work of the Consumer Goods Forum’s Forest Positive Coalition of Action, and the post-2020 commitments of an ever-growing number of supply chain companies.
Funding from partners is channeled to a portfolio of conservation projects, with investments overseen by the Rimba Collective management entity. Participant contributions are correlated directly with procurement volumes. This embeds the cost of forest protection and restoration into the cost of procurement to ensure equitable funding by Rimba Collective’s partners in a way that is secure, self-sustaining, and scalable over time.
The Rimba Collective financial model has two key features:
- Costs are linked to procurement volumes, integrating Rimba Collective costs into operations procurement decisions.
- Contributions and contractual obligations flow directly from participants to the Special Purpose Vehicle (SPV), managing funds on their behalf.
Rimba Collective was launched on April 8th, 2021. See the video recording of Rimba Collective’s launch below: