scholarly journals SUSTAINABLE DEVELOPMENT GOALS TO STRENGTHEN INDONESIAN PALM OIL DEVELOPMENT THROUGH INDONESIAN SUSTAINABLE PALM OIL (ISPO)

2021 ◽  
Vol 6 (1) ◽  
pp. 82-92
Author(s):  
Ermanto Fahamsyah ◽  
Brigitta Amalia Rama Wulandari ◽  
Yusuf Adiwibowo
Keyword(s):  
Palm Oil ◽  
Triple Bottom Line ◽  
Critical Issue ◽  
Oil Price ◽  
Economic Sectors ◽  
Bottom Line ◽  
Oil Development ◽  
The Government ◽  
The Stability ◽  
Orang Utan

The palm oil development provides many advantages for Indonesia. One of which is that the development of Indonesian palm oil came fast and contributed a lot to the country's economic sectors. There are also other organic oil-based, such as jatropha, camelina, soybean and rapeseed. However, compared the palm oil to the other base of the organic oil materials, palm oil price outperforms the others oil-based because of the stability of the palm oil price. Palm oil benefits the Indonesian economy and the triple bottom line of John Elkington: people, planet, and profit. However, there is a critical issue with palm oil production. Its production is believed not to apply sustainability principles. Thus, it can damage and ruin the natural environment in Indonesia; for example, it damaged the area where the Sumatran tiger, Sumatran Orang Utan, and Borneo Orang Utan lived. Through the ministry of agriculture, the government established Indonesian Sustainable Palm Oil (ISPO) to answer this critical issue and recover the sustainability aspect of Indonesian palm oil. Abstrak: Indonesia beruntung karena dapat menikmati berbagai manfaat dari pembangunan kelapa sawit yang merupakan salah satu ciri dan keuntungan tersendiri yang Indonesia miliki, pembangunan kelapa sawit Indonesia sangat cepat dan pesat serta memberikan kontribusi yang tinggi terhadap negara melalui sektor ekonomi, jika dibandingkan dengan minyak nabati lainnya seperti : jathropa, camelina, soy bean dan rapeseed, kelapa sawit lebih unggul dari segi ekonomi yang mana dari segi harga lebih stabil jika dibandingkan minyak nabati dengan bahan baku lainnya. Minyak kelapa sawit memberikan berbagai manfaat bagi Indonesia selain daripada ekonomi juga terhadap triple bottom line sebagaimana dikemukakan oleh John Elkongton yakni people, planet dan profit sehingga dalam pemanfaatannya memberikan dampak yang baik meski begitu tetap saja dihadapkan dengan berbagai critical issue mengenai kelapa sawit. Dalam kegiatan produksi kelapa sawit diyakini bahwa belum mengedepankan aspek keberlanjutan yang kemudian berdampak terhadap kerusakan lingkungan di Indonesia. Kata Kunci: Indonesia, ISPO, Pembangunan Kelapa Sawit, Aspek Keberlanjutan, Triple Bottom Line

Money Laundering in Real Estate (RE)

2021 ◽  
pp. 53-90 ◽  
Author(s):  
Mark Lokanan ◽  
Gaurav Chopra
Keyword(s):  
Real Estate ◽  
Money Laundering ◽  
Law And Order ◽  
Property Market ◽  
Economic Sectors ◽  
Price Inflation ◽  
The Real Estate ◽  
The Government ◽  
Using Data ◽  
The Stability

Money laundering is a defiance of law and order within the real estate (RE) sector in Canada. Laundering of illicit funds impacts the stability, reliability, and integrity of the government, financial institutions, and the economic sectors. Due to its mysterious nature, there are more unknowns about the quantum of snow washing in the property market or its effects on price inflation. Using data from the Cullen Commission about money laundering in Canada, this chapter is an effort to examine the nuances that law enforcement encounters while investigating illegal investment operations. This chapter illuminates a broad range of problems around the investigations of unlawful investments and recommends pragmatic solutions to the illicit flow of money in RE sector of Canada.

scholarly journals Stakeholder Collaboration Model for Ecotourism Development in Indonesia: Case Study from Batu City East Java Province

2021 ◽  
Vol 5 (2) ◽  
pp. 214
Author(s):  
I Gede Eko Putra Sri Sentanu ◽  
Ardian Prabowo ◽  
Klara Kumalasari ◽  
Aulia Puspaning Galih ◽  
Rendra Eko Wismanu
Keyword(s):  
Tourism Development ◽  
Triple Bottom Line ◽  
Interactive Approach ◽  
Bottom Line ◽  
Stakeholder Collaboration ◽  
Collaboration Model ◽  
Tourism Sector ◽  
The Media ◽  
The Government ◽  
Tourism Enterprises

This research aims at creating a concept of cooperation between stakeholders in developing eco-tourism in Batu City. Eco-tourism and the role of stakeholders are related to one another. It is due to the urge of stakeholders to work together in managing the potential of eco-tourism to achieve a development goal. This study applies the Penta-helix model and triple-bottom-line theories to investigate the contribution of stakeholders to sustainable development. The Penta-helix model is used to identify relevant stakeholders and conduct effective collaboration. At the same time, the triple-bottom-line is applied to observe the environmental and socio-economic aspects of the eco-tourism sector. This study employs a qualitative method with an interactive approach from Miles, Huberman, and Saldana by deepening literary understanding; and field interviews. The results of this study show that cooperation and interaction between stakeholders in developing eco-tourism are inferior. Thus, the researchers develop a stakeholder collaboration model through the Penta-helix model covering the government, private eco-tourism enterprises, communities, academics, and the media. They collaborate in determining the sustainability agendas covering environmental, economic, and social as a reflection of the triple bottom line element. Those designed agendas are to encourage the realization of eco-tourism development in Batu City, Indonesia. The research recommends further research to evaluate whether this eco-tourism development model can be effective if implemented. Penelitian ini bertujuan untuk menciptakan konsep kerjasama antar stakeholder dalam pengembangan ekowisata di Kota Batu. Karena ekowisata dan peran pemangku kepentingan berkaitan satu sama lain. Hal ini dikarenakan adanya dorongan dari para pemangku kepentingan untuk bekerja sama dalam mengelola potensi ekowisata untuk mencapai tujuan pembangunan. Studi ini menerapkan model penta helix dan teori triple bottom line untuk menyelidiki kontribusi pemangku kepentingan terhadap pembangunan berkelanjutan. Model Penta helix digunakan untuk mengidentifikasi pemangku kepentingan yang relevan dan untuk melakukan kolaborasi yang efektif, sedangkan triple bottom line diterapkan untuk mengamati aspek lingkungan dan sosial ekonomi dari sektor ekowisata. Penelitian ini menggunakan metode kualitatif dengan pendekatan interaktif dari Miles, Huberman, dan Saldana dengan pendalaman pemahaman literatur; dan wawancara lapangan. Hasil penelitian ini menunjukkan bahwa kerjasama dan interaksi antar pemangku kepentingan dalam pengembangan ekowisata masih rendah. Oleh karena itu, peneliti mengembangkan model kolaborasi pemangku kepentingan melalui model Penta helix yang mencakup pemerintah, swasta, komunitas, akademisi, dan media. Mereka berkolaborasi dalam menentukan agenda keberlanjutan yang meliputi lingkungan, ekonomi, dan sosial sebagai cerminan dari elemen triple bottom line. Agenda yang dirancang tersebut adalah untuk mendorong terwujudnya pembangunan ekowisata di Kota Batu, Indonesia. Peneliti merekomendasi pada penelitian selanjutnya untuk mengevaluasi apakah model pembangunan ekowisata ini dapat efektif jika diimplemetasikan.

scholarly journals The need of a win-win regulation regarding the harmonization of advantages for the renewable energy sector and the concerns about the environment

2015 ◽  
Vol 10 (1) ◽  
pp. 63-73 ◽  
Author(s):  
Dan Moraru
Keyword(s):  
Main Theme ◽  
Sustainable Business ◽  
Bottom Line ◽  
The Sustainable Development ◽  
Eu Member States ◽  
Green Capitalism ◽  
New Ideas ◽  
The Government ◽  
The Stability ◽  
The Eu

Abstract The main theme of this paper is the evolution of theories and suppositions regarding environment and growth. The sustainable green growth and the sustainable green capitalism concepts have attracted the interest and imagination of policy makers and industry, and also stimulated many exciting new ideas and practical actions such as the “triple bottom line” which refers to harmonizing and balancing out the three interests that are linked with sustainable business: economic, environmental and social ones. The policy has to create a workable association between what the government can ensure and not tax and what it cannot ensure and must tax. In this manner we get a win-win regulation meaning that both sides win. National and supranational policies are part of the macro-level governance and very relevant for the sustainable development of the EU Member States and for the stability of the EU itself.

scholarly journals Sustainable Entrepreneurship Strategies for Salt Entrepreneurs in New Normal Business Concept

2021 ◽  
Vol 20 (1) ◽  
pp. 101-108
Author(s):  
Issa Dyah Utami ◽  
Trisita Novianti
Keyword(s):  
Government Policy ◽  
Triple Bottom Line ◽  
Business Strategies ◽  
Performance Score ◽  
Daily Consumption ◽  
Bottom Line ◽  
Sustainable Entrepreneurship ◽  
Salt Production ◽  
Network Process ◽  
The Government

Salt is one of the basic needs of Indonesian society. The salt production areas in Indonesia reach 37.4 thousand hectares, but the potential areas are merely around 53.2%. People's salt production has only been able to meet the need for households' daily consumption, while the industrial need is met from imports. The people's salt production needs to be increased to maintain the sustainability of salt farmers' business. Salt farmers require training about the strategies to improve the quality of salt production, manage finished products, and run the salt business independently. Studies on the analysis of the sustainability of people's salt business, particularly in terms of entrepreneurship aspect, are limited. Therefore, this present study analyzes the sustainability of people's salt business entrepreneurship with three triple bottom line criteria: people, planet, and profit. This study aims to formulate the framework of business strategies suitable for the condition of the salt business. The framework is constructed from the factors synthesized from the literature on previous studies. The results of this study are expected to be implemented by the government and business actors in making a decision and setting policies to determine the strategies for maintaining SMEs' salt business sustainability. This study applied the Analytical Network Process (ANP) method to determine the rating of the factors contributing to the continuity of the SMEs' salt business. The factors underlying sustainable entrepreneurship were identified from the literature studies based on the triple bottom line concept adapted to the conditions in Madura. The criteria of people include collaborative development, risk seizing, and innovative thinking, while the requirements of the planet cover eco-friendly packaging and waste controlling. Profit was seen from the aspects of government policy and unsettled finance. Then, the TOPSIS analysis was applied to analyze strategies based on the highest performance score. The results of data analysis show that government policy has the highest score as an alternative, and implementation of an e-supply chain is the strategy with the highest-ranking performance score.

scholarly journals Exploring CSR Initiatives to Cultivate and Nurture Values in Facing Issues Related to Drugs Abuse Among the Youth in Malaysia: Using Three Core Components of Triple Bottom Line (TBL)

2021 ◽  
Vol 12 (2) ◽  
pp. 133
Author(s):  
Jamilah Ahmad ◽  
Fauziah Md. Taib ◽  
Amin Jan
Keyword(s):  
Drug Abuse ◽  
Social Responsibility ◽  
Triple Bottom Line ◽  
Community Members ◽  
Bottom Line ◽  
Emerging Trends ◽  
Core Components ◽  
The Government ◽  
Economic Constraints ◽  
National Transformation

Youth is the most valuable asset of any developing country. Drug abuse is becoming a major problem among youth and has been an increasing concern for the Malaysian government. Literature alludes that the reasons for drugs consumption among youth have changed. Social pressure and the desire to be accepted by peers are among the current emerging trends surpassing domestic reasons, with minimal outside intervention such as family and home atmosphere as well as economic constraints. Out of 30,844 registered drug cases in Malaysia 10,610 are youth below 29 years old which is alarming. As the government prepares for the National Transformation Plan 2050 (TN50), issues related to drug abuse among youth is not only a concern for the government but also the community. TN50 sets a vision for the nation with an eye on the aspirations of the youth. To realise this vision, the community members including local organisations and institutions should establish a partnership in this social responsibility initiative of nurturing brilliant future leaders amongst the youth.  The community should be given the mandate to tackle social problems and become the avenue to help the government and safeguard society members. This article illuminates how CSR initiatives can be used to cultivate and nurture values in facing issues related to drugs abuse among the youth in Malaysia. This article aligned the three core components of Triple Bottom Line (TBL) elements (Planet, People and Profit) for gauging the implementation of CSR in this partnership.

scholarly journals Triple Bottom Line in Indonesia Commercial Palm Oil Mill Business: Analytical Network Process Approach

2021 ◽  
Vol 16 (5) ◽  
pp. 965-972
Author(s):  
Arif Imam Suroso ◽  
Iyung Pahan ◽  
Hansen Tandra
Keyword(s):  
Sustainable Development ◽  
Palm Oil ◽  
Success Factors ◽  
Raw Materials ◽  
Triple Bottom Line ◽  
Analytic Network Process ◽  
Quadruple Helix ◽  
Bottom Line ◽  
Analytical Technique ◽  
Network Process

The latest trend in palm oil business is the emergence of independent commercial crude palm oil (CPO) mills, which emphasize processing FFB from smallholder plantations. The involvement of smallholders without mill in CPO operations shows that there is potential from the business for sustainable development. The purpose of this study to investigate the Indonesian commercial CPO mill business with a triple bottom line perspective. Moreover, this is to gain how much benefit the Commercial CPO mill business is in terms of profit, people and planet. This study applied the Analytic Network Process (ANP) with the criteria of profitability, social justice and environmental quality. This analytical technique uses a number of experts related to the palm oil business and sustainable development. The results of this study reveal that the critical success factors of priority Indonesian commercial CPO mills are the source of raw materials from small farmers (71.90%) and operational considerations of CPO mills (28.10%). While the benefits of this business can create shared value through quadruple helix analysis of academics, entrepreneurs, communities, and government which ranks profit (53.05%), people (23.75%) and planet (23.19%). The significant results of this study revealed that the Indonesia Commercial CPO mill is sustainable from triple bottom line point of view.

The Systemic Effects of Prudential Regulation Toughening:The Results of a Stress-test for Russian Banks

2012 ◽  
pp. 4-31 ◽  
Author(s):  
M. Mamonov ◽  
A. Pestova ◽  
O. Solntsev
Keyword(s):  
Financial Services ◽  
Banking Sector ◽  
Stress Test ◽  
Credit Market ◽  
Capital Adequacy ◽  
Government Support ◽  
Government Ownership ◽  
Prudential Regulation ◽  
The Government ◽  
The Stability

The stability of Russian banking sector is threatened by three negative tendencies - overheating of the credit market, significant decrease of banks capital adequacy ratios, and growing problems associated with banks lending to affiliated non-financial corporations. The co-existence of these processes reflects the crisis of the model of private investments in Russian banking sector, which was observed during the last 20 years. This paper analyzes the measures of the Bank of Russia undertaken to maintain the stability of the banking sector using the methodology of credit risk stress-testing. Based on this methodology we conclude that the Bank of Russias actions can prevent the overheating of the credit market, but they can also lead to undesirable effects: further expansion of the government ownership in Russian banking sector and substitution of domestic credit supply by cross-border corporate borrowings. The later weakens the competitive positions of Russian banks. We propose a set of measures to harmonize the prudential regulation of banks. Our suggestions rely on design and further implementation of the programs aimed at developing new markets for financial services provided by Russian banks to their corporate and retail customers. The estimated effects of proposed policy measures are both the increase in profitability and capitalization of Russian banks and the decrease of banks demand for government support.

PEMETAAN TEKNOLOGI INDUSTRI KELAPA SAWIT NASIONAL DAN KEBIJAKAN PENGEMBANGANNYA

2013 ◽  
Vol 13 (1) ◽  
Author(s):  
Subiyanto Subiyanto
Keyword(s):  
Palm Oil ◽  
Government Policy ◽  
Value Chain ◽  
Raw Materials ◽  
Value Added ◽  
Oil Industry ◽  
Missing Value ◽  
Technology Capability ◽  
The Government

Palm oil industry in Indonesia has been growing rapidly. But, unfortunately the growth is only effective on upstream industry with low value products, such that potential downstream value added are not explored proportionally. The government is therefore in the process of developing an appropriate policy to strengthen the national palm oil downstream industry. This paper proposes that an approriate policy for developing palm oil downstream industry could be derived from the maps of value chain and existing technology capability of the industry. The result recommends that government policy should emphasize on the supply of raw materials, infrastructure and utilities, as well as developing the missing value chain industry, especially ethoxylation and sulfonation.

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