Climate Change Data

Gallant Venture Ltd.

Climate Impact & Sustainability Data (2002-2005)

Reporting Period: 2002-2005

Environmental Metrics

Climate Goals & Targets

Short-term Goals:
  • Expand the development of Bintan Resorts to increase the resorts room count and develop additional tourist attractions.
  • Increase the capacity of ready-built factories in BIP and BIE.

Environmental Challenges

  • Increase in operating costs and expenses due to inflation, fuel price increases, payroll expenses, property taxes, and statutory charges.
  • Dependence on fuel oil from one supplier.
  • Potential labour disputes.
  • Uninsured or inadequately insured losses to assets.
  • Potential environmental liabilities.
  • Dependence on natural sources of water for water supply.
  • Potential for damage to the environment in Bintan.
  • Negative publicity from demonstrations by villagers.
  • Risks related to governmental regulation and incentives in the hospitality and resort business.
  • Difficulty in resettling squatters.
  • Loss of key investors and tenants or a downturn in the business of our investors and key tenants.
  • Increase in labour costs.
  • Uncertainty regarding the continuation of government incentives.
  • High rate of lease expiry each year for industrial properties.
  • Competition relating to industrial parks business.
  • Increase in fuel prices affecting the utilities business.
  • Dependence on supply of fuel oil from one supplier or its associates.
  • Dependence on natural sources of water for our water supply.
  • Risk of loss of potable water and risk of contamination.
  • Disruption in the operations at one or more of our utilities plants and facilities.
  • Compliance with environmental laws and regulations.
  • Political, economic, social and legal/regulatory risks relating to the countries in which we have operations.
  • Potential for contravention of licenses or license revocation.
  • Terrorist activities in Indonesia.
  • Economic changes in Indonesia.
  • Political uncertainties in the world.
  • Fluctuations in foreign exchange.
  • Adverse movements in interest rates.
Mitigation Strategies
  • Utilizing natural gas to generate electricity to reduce fuel dependence.
  • Acquiring dual-fuel generating engines.
  • Converting existing diesel generators to dual-fuel operation.
  • Maintaining established relationships with counterparties.
  • Implementing malaria prevention and monitoring facilities.
  • Developing an expansion programme for resorts.
  • Negotiating lease terms with tenants.
  • Implementing measures to secure investors and tenants.
  • Implementing measures to manage operating expenses.
  • Implementing measures to manage fuel costs.
  • Implementing measures to manage water supply.
  • Implementing measures to manage waste water treatment.
  • Implementing measures to manage power supply.
  • Implementing measures to manage telecommunications.
  • Implementing measures to manage environmental risks.
  • Implementing measures to manage political, economic, social and legal/regulatory risks.
  • Implementing measures to manage license compliance.
  • Implementing measures to manage foreign exchange risks.
  • Implementing measures to manage interest rate risks.

Supply Chain Management

Climate-Related Risks & Opportunities

Awards & Recognition

  • 1999 and 2001 IS Magazine’s annual Readers’ Choice Awards for Best Weekend Getaway.
  • 2003 PATA Gold Award for Ecotourism / Travel – Related Project.
  • Asian Golf Monthly Awards 2005 for Ria Bintan Golf Club (Best Course in Asia and Best Clubhouse in Asia).
  • Asian Golf Monthly Awards 2005 and 2004 for Ria Bintan Golf Club (Best Course in Indonesia).