TSH Resources reports 274 hot spots within estate boundaries after SGX queries over haze
The company says these are in community enclaves outside areas it directly manages
TSH Resources, a plantation company based in Indonesia, reported 274 hot spots within its estate boundaries in Indonesia between January and October 21, but denied any fires occurred within its planted or operational areas. All hot spots were located in community enclaves outside the company's direct management. The company responded to these incidents by extinguishing the fires and reporting them to the police.
The disclosure followed queries from the Singapore Exchange (SGX) Regulation (RegCo) regarding forest and peatland fires in Indonesia, causing transboundary haze in the region. TSH operates on 36,000 hectares of planted areas in Kalimantan and Sumatra, and has taken measures such as enforcing a zero-burning policy, monitoring fire risks, and using firefighting resources to prevent and respond to fires. The company also bought back shares amid heightened scrutiny.
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
