Jakarta, December 14, 2016. The National Center for Sustainability Reporting (NCSR) held its "Sustainability Reporting Awards (SRA)" ceremony today at the Fairmont Jakarta hotel. Held for the 12th consecutive year, the event recognizes and presents awards to companies that have been communicating their sustainability performance through sustainability reports.
A sustainability report communicates to what extent a company has been implementing a program of Sustainable Development. According to Ali Darwin, NCSR Executive Director, in the context of the environment, a sustainability report can focus on the company’s policies to address its environmental impact, conservation and energy efficiencies and greenhouse gas emission (GHG) mitigation.
In the 2016 Sustainability Reporting Awards, 55 companies have participated, 14 of which are SMEs and two are from Bangladesh. In this year's competition, state gas company PT PERUSAHAAN GAS NEGARA (Persero) Tbk. was the overall champion.
Present at this event was Deputy to National Development Planning Minister / Head of the National Development Planning Board (Bappenas) Subandi and the Dutch Ambassador to Indonesia, represented by the Dutch Embassy Economics Officer. Subandi welcomed the publication of sustainability reports to identify the 17 Sustainable Development Goals (SDGs) implemented by various companies. "Sustainable development is not just the government’s responsibility, it needs real contribution from the business world" he stated.
Although currently sustainability reporting is voluntary, as of the end of 2016, a total of 120 companies are publishing sustainability reports in Indonesia. SRA 2016 jury chairman Sarwono Kusumaatmadja expressed his appreciation to all the participants in the competition. "Hopefully more companies in Indonesia will become aware that sustainability reporting is very important to build and develop businesses alongside stakeholders," he said.
According to former Environment Minister Sarwono, we should follow the example of the Singapore Stock Exchange, which requires companies listed on the exchange to publish sustainability reports. "Through sustainability reporting, investors can decide whether it is safe or not to invest in a company in terms of environmental and social risk" said Sarwono.
Ali added that the FSA, as a regulator, should be imitating the stock exchange of our neighboring country by issuing a regulation that required publicly listed companies to publish sustainability reports. "Especially companies that have a significant impact on the environment and society, such as mining and plantations, and financial institutions" Ali added.
This year’s SRA has been divided into nine categories, namely (1) financial services, (2) mining and metals, (3) combined report, (4) gas and petroleum, (5) energy, (6) Infrastructure, (7) manufacturing, (8) small and medium enterprises, and (9) overseas. In addition, SRA 2016 has also commended several companies in the country and abroad, especially in Southeast Asia. This is in recognition and appreciation of their disclosures of important issues, such as energy conservation and efficiencies, new and renewable energy use, as well as corporate concern for the welfare of marginalized people.
According to Hendi Prio Santoso, President Director of PT Perusahaan Gas Negara (Persero) Tbk., which won "Best Overall SRA 2016", this highest degree of recognition from SRA 2016 served as a driving force for PGN to always consider environmental issues and social issues in all corporate decision-making. "This award will spur us to work harder to implement sustainability principles in PGN" Hendi said.
In this year's competition, the companies that won 1st, 2nd and 3rd places respectively are: Financial Services Category: Bank BNI, Bank Danamon and BPD Central Java. Energy Category: PGN, Star Energy Geothermal and Pembangkitan Jawa Bali. Mining and Metal Category: Kaltim Prima Coal, Indo Tambangraya Megah and Antam. Gas and Petroleum Category: Pertamina, Pertamina Hulu Energy Offshore North West Java and Pertamina EP Cepu. Infrastructure category: Wijaya Karya, United Tractors and Telkom. Manufacturing Category: Bio Farma, Pupuk Indonesia and Pupuk Kaltim. Combined Report Category: Timah, Pertamina Lubricants, and Pertamina EP. Small and Medium Enterprises Category: Tani Sandorikum, Daughter of Klaten, CV Bina Agro Mandiri. Overseas Category: Bank Asia Limited, Bangladesh. Meanwhile, Pertamina Lubricants, a newcomer to SRA in 2016, won best First Time Report.
The National Center for Sustainability Reporting (NCSR) is a non-profit organization founded in 2005 by five leading organizations, namely the Institute of Management Accountants Indonesia (IAMI), the Forum for Corporate Governance in Indonesia (FCGI), the National Committee on Governance (NCG), Indonesian Listed Companies Association (AEI) and the Indonesian-Netherlands Association (INA). NCSR aims to encourage and promote the use of sustainability reports. Through such reports, companies can transparently disclose implementation of their social and environmental responsibilities based on a reporting framework issued by the Global Reporting Initiative (GRI).
GRI is based in the Netherlands and is an independent organization that has set up sustainability reporting guidelines. These guidelines are internationally recognized and widely used in many countries. Since 2006, NCSR has been appointed a member of GRI and is a GRI training partner in Southeast Asia, including Indonesia, Malaysia, Singapore and the Philippines.
For further information please contact:
National Center for Sustainability Reporting
Office: (+62 21) 782 3524 Mobile: 0812 1895619 E-mail:email@example.com