PT. SOHO GLOBAL HEALTH TBK
Climate Impact & Sustainability Data (2021, 2023)
Reporting Period: 2021
Environmental Metrics
ESG Focus Areas
- Sustainability
- Corporate Governance
- Employee Well-being
- Community Development
- Environmental Responsibility
Environmental Achievements
- Reduced energy usage (electricity, fuel, gas, and water consumption) in manufacturing through continuous improvement initiatives resulting in substantial savings.
- Implementation of "Seed to Patient" approach for curcuma, ensuring controlled and consistent process and product.
Social Achievements
- Donated money, medicines, multivitamins, protective equipment, and medical appliances to healthcare workers and communities in need.
- Protected workforce and minimized Covid-19 infections.
- Distributed dividends to shareholders.
- Consistently supports community development and fair employment practices.
- Implemented Covid-19 vaccination program for employees.
Governance Achievements
- Consistent application of Good Corporate Governance (GCG) principles.
- Steady improvement in accountability, transparency, and responsibility.
- Independent Audit Committee and Nomination and Remuneration Committee.
- Regular formal and informal meetings between Board of Commissioners and Directors.
Climate Goals & Targets
Long-term Goals:
- Sustained shareholder value creation.
Medium-term Goals:
- Inventory optimization with clear targets.
Environmental Challenges
- Covid-19 pandemic impacting business operations and consumer behavior.
- Supply chain disruptions.
- Strict health protocols and contact restrictions leading to reduced face-to-face detailing activities.
Mitigation Strategies
- Digital transformation initiatives (iMAP, PPGOS) to automate processes and provide safety and convenience to customers.
- Strict health protocols and contact restrictions.
- Strong B2B and B2C e-commerce presence.
- Investments in innovation and future growth.
- Strengthening strategic alliances/in-licensing of Rx products.
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Imboost Force Ultimate
- Curcuma Force
Awards & Recognition
- RINTEK Industri Award 2021
- Indonesia Law Awards 2021 (Healthcare and Pharmaceutical In-House Team of the Year)
Reporting Period: 2023
Environmental Metrics
Total Carbon Emissions:750 tCO2e reduction (estimated)
ESG Focus Areas
- Environmental Sustainability
- Social Responsibility
- Good Corporate Governance
Environmental Achievements
- Inauguration of a 654 kWp solar PV system at SIP manufacturing facility and PPG warehouse, estimated to reduce annual emissions by 750 tCO2e (equivalent to planting 1200 trees annually).
Social Achievements
- Received the COVID-19 Handling Award (PPKM Award 2023) for contributions to pandemic response.
- Received the "Karya Anak Bangsa 2023" award from the Ministry of Health for innovative natural-based products.
- Bronze Winner and Team of The Year – OPEXCON 2023 for 'Integrated Change Control System (ICCS)' project.
- Consistently prioritizes human resources development, with total training hours reaching 24,955 in 2023 (average 21.97 hours per employee).
Governance Achievements
- Commitment to Good Corporate Governance (GCG) practices, aligned with Indonesian regulations.
- Independent Audit Committee and Nomination & Remuneration Committee.
Climate Goals & Targets
Environmental Challenges
- Missed initial projections for proprietary products due to post-COVID decline in immune-boosting product sales.
- Impact of national syrup regulations on syrup product sales in the first half of 2023.
- Decline in International Business sales due to lower sales in Mongolia and Myanmar.
Mitigation Strategies
- Reduced overstock inventories.
- Improved commercial structure.
- Expanded product portfolio to meet diverse patient/customer needs.
- Continued cost-realignment program.
- Launched new products like Imboost Cough and Imboost Force Cough.
- Strengthened marketing support for key brands (Imboost, Curcuma Plus, Diapet).
Supply Chain Management
Climate-Related Risks & Opportunities
Sustainable Products & Innovation
- Glucodiab Drink (patent obtained)
Awards & Recognition
- BPOM Environmental Sustainability Award (3rd Rank - Gold)
- EcoVadis Bronze Medal
- COVID-19 Handling Award (PPKM Award 2023)
- "Karya Anak Bangsa 2023" award