Climate Change Data

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Implemented 3R (Reduce, Reuse, Recycle) principles to minimize waste.
• Provided counseling to seaweed farmers on modern cultivation methods to reduce pollution and increase production.

Social Achievements

• Empowered coastal communities through partnerships with cooperatives, improving their economic conditions and ensuring sustainable seaweed supply.
• Implemented various training and development programs to improve employee competence.

Governance Achievements

• Socialized the Company's Code of Ethics to all employees, promoting transparency, accountability, responsibility, independence, and fairness.
• Implemented a Risk Management Policy to address challenges such as rupiah exchange rate fluctuations and supplier/buyer screening.

Climate Goals & Targets

Environmental Challenges

• Weakening of the Rupiah against the Dollar and fluctuating export seaweed prices.
• COVID-19 pandemic impacting global economic growth and market conditions.

Mitigation Strategies

• Secured raw material supply and markets.
• Optimized all sources of business income.
• Developed seaweed drying methods and improved cultivation techniques.
• Utilized warehouse receipts to protect against market fluctuations.
• Improved operational efficiency to enhance product competitiveness.

Supply Chain Management

Responsible Procurement

• Collaboration with seaweed farmers to ensure sustainable supply.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: POJK No.51/OJK.03/2017

Certifications: HACCP, Phytosanitary, SKP, Warehouse Receipt System

Environmental Metrics

ESG Focus Areas

• Economic
• Environmental
• Social
• Governance

Environmental Achievements

• Implemented 3R (Reduce, Reuse, Recycle) principles to minimize waste.
• Provided counseling to seaweed farmers on modern cultivation methods to reduce pollution and increase production.

Social Achievements

• Empowered coastal communities through partnerships with cooperatives, improving their economic conditions and ensuring sustainable seaweed supply.
• Implemented various training and development programs to improve employee competence.
• Applied the principle of equality for all employees, eliminating discrimination.

Governance Achievements

• Socialized the Company's Code of Ethics to all employees.
• Implemented Good Corporate Governance (GCG) principles.
• Established the "AGAR Code of Conduct" to guide employee behavior.

Climate Goals & Targets

Environmental Challenges

• Weakening of the Rupiah against the Dollar.
• Fluctuations in the selling price of export seaweed products.
• Extreme weather conditions affecting seaweed production.
• Business competition, especially with foreign entities.
• Global economic uncertainty.

Mitigation Strategies

• Securing raw material supply and markets.
• Optimizing all sources of business income.
• Implementing operational efficiency measures.
• Developing seaweed drying methods and cultivation techniques.
• Utilizing warehouse receipts to protect against market fluctuations.
• Collaborating with stakeholders in the national seaweed industry and large international buyers.
• Implementing risk management strategies to address currency fluctuations and supplier/buyer risks.

Supply Chain Management

Responsible Procurement

• Collaboration with seaweed farmers to ensure sustainable supply.

Climate-Related Risks & Opportunities

Physical Risks

• Extreme weather affecting seaweed production.

Reporting Standards

Frameworks Used: POJK No.51/OJK.03/2017

Certifications: HACCP, Phytosanitary, SKP, Warehouse Receipt System

Environmental Metrics

ESG Focus Areas

• Economy
• Environment
• Social
• Governance

Environmental Achievements

• Implemented 3R (Reuse, Reduce, Recycle) system aiming for zero waste.
• Modern seaweed cultivation methods reducing environmental risks and increasing production.
• Seaweed cultivation contributing to CO2 absorption.

Social Achievements

• Partnership programs with cooperatives in Pangkep and Bantaeng, South Sulawesi, providing training to seaweed farmers.
• Ensuring fair treatment and equal opportunities for all employees, regardless of gender, ethnicity, or background.
• Providing training and development programs to improve employee competence.

Governance Achievements

• Implementation of AGAR Code of Conduct to guide employee behavior and ensure ethical practices.
• Regular monitoring of company activities by the Board of Commissioners.
• Commitment to Good Corporate Governance (GCG) principles.

Climate Goals & Targets

Environmental Challenges

• Weakening Rupiah against the US Dollar.
• Fluctuating and decreasing export seaweed prices.
• Decreased national seaweed production.

Mitigation Strategies

• Securing raw material supply and markets.
• Optimizing all sources of business income.
• Improving production efficiency to enhance product competitiveness.
• Developing seaweed drying methods and expanding seaweed cultivation.
• Utilizing warehouse receipts to protect against market fluctuations.
• Planning to process and produce semi-finished raw materials (SRC).

Supply Chain Management

Responsible Procurement

• Ensuring product safety and compliance with regulations.

Climate-Related Risks & Opportunities

Reporting Standards

Frameworks Used: POJK No.51/OJK.03/2017

Certifications: HACCP, Phytosanitary, SKP, Warehouse Receipt System (BAPPEBTI), Warehouse Classification B (Bhanda Graha Reksa), Registration Number from the Republic of China

Third-party Assurance: KAP Supoyo, Sutjahjo, Subyantara & Rekan