Plantation

The palm oil industry is one of the key drivers of Indonesia's economy, which contributed around 11% to Indonesia's total export in 2020.

With nearly 14.9 million hectares of palm oil plantation across the country, Indonesia is also the largest producer of palm oil in the world with estimated production of over 44.5 million MT of crude palm oil produced annually. Indonesia has maintained its dominance as the biggest palm oil producer in the world.

How PwC can help you

The plantation sector is one of our priorities, as evidenced by our commitment to add value to plantation industry players through our services and capabilities across the spectrum of auditing, accounting, taxation and other professional services. Inline with our global strategy, The New Equation, our focus is on combining human ingenuity with technological innovation to build trust and deliver a sustained outcome.

Create value through ESG

Companies and organisations are looking to identify and respond to their ESG risks and opportunities. Active management of ESG issues can directly impact the bottom line as well as a company’s reputation and social licence to operate. Our range of services will help you better understand the ESG value creation journey and how PwC can assist you to fulfill your ESG needs.

Insights

November 2021

Plantation NewsFlash - 2021: A Recovery Momentum and Journey to Sustainable Industry

Threat and opportunities from the recovery of palm oil industry in Indonesia / Indonesian palm oil companies can mitigate key Environmental, Social and Governance (“ESG”) risks by being proactive / Legal reform in the plantation sector / Imposition of the carbon tax through the Harmonisation of Tax Regulations (“HPP”) Law / Palm oil industry recovery – right momentum for IPO.

December 2018

Plantation News - 2018 Update

Overview of palm oil industry landscape in Indonesia/ Online Single Submission (OSS) – New Digital Platform for Business Licenses/ Implementation of Indonesian Statement of Financial Accounting Standards (“PSAK”) 69, “Agriculture” in the palm oil industry/

Highlights of Updated Tax Regulations/ Data Analytics, the first step towards better insight.

August 2015

Plantation NewsFlash: Industry landscape, regulatory and financial overview

Considerations surrounding mandatory use of L/C in exports of CPO and CPKO/ Challenges faced by palm plantation companies/ Traceability, the first step towards sustainability.